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Consolidated cash flow statement - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Reconciliation of profit before tax to net cash flows from operating activities:      
Profit before tax £ 4,867 £ 5,418 £ 3,075
Adjustment for non-cash items:      
Credit impairment charges/(releases) 933 (277) 3,377
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 483 683 441
Other provisions, including pensions 1,188 85 634
Net loss/(profit) on disposal of investments and property, plant and equipment 8 12 (119)
Other non-cash movements including exchange rate movements (13,491) 1,968 (2,362)
Changes in operating assets and liabilities      
Net (increase)/decrease in cash collateral and settlement balances (1,078) 3,633 4,098
Net (increase)/decrease in loans and advances at amortised cost (30,617) (7,190) 7,142
Net decrease/(increase) in reverse repurchase agreements and other similar secured lending 2,452 5,804 (7,250)
Net increase in deposits at amortised cost 28,751 18,132 31,148
Net increase/(decrease) in debt securities in issue 11,624 18,965 (4,113)
Net (decrease)/increase in repurchase agreements and other similar secured borrowing (804) 2,326 8,411
Net increase in derivative financial instruments (8,002) (3,655) (1,604)
Net decrease/(increase) in trading portfolio assets 13,100 (19,207) (14,327)
Net increase in trading portfolio liabilities 19,169 7,152 10,927
Net (increase)/decrease in financial assets and liabilities at fair value through the income statement (1,978) (14,960) 2,889
Net increase in other assets (3,311) (2,235) (93)
Net increase in trading portfolio liabilities 1,834 2,082 13
Corporate income tax paid (144) (1,239) (12)
Net cash from operating activities 24,984 17,497 42,275
Net cash from investing activities      
Purchase of debt securities at amortised cost (20,014) (6,931) (7,890)
Proceeds from redemption or sale of debt securities at amortised cost 12,925 2,424 3,527
Purchase of financial assets at fair value through other comprehensive income (43,139) (44,058) (57,640)
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income 42,157 47,601 53,367
Purchase of property, plant and equipment and intangibles (540) (758) (303)
Disposal of subsidiaries and associates, net of cash disposed 0 65 736
Other cash flows associated with investing activities 0 4 11
Net cash from investing activities (8,611) (1,653) (8,192)
Net cash from financing activities      
Dividends paid and other coupon payments on equity instruments (963) (1,452) (982)
Issuance of subordinated liabilities 15,381 9,099 3,856
Redemption of subordinated liabilities (8,367) (7,241) (4,746)
Issue of shares and other equity instruments 3,134 1,072 1,134
Repurchase of shares and other equity instruments (2,136) 0 (903)
Capital contribution 750 0 0
Vesting of employee share schemes (413) (356) (300)
Net cash from financing activities 7,386 1,122 (1,941)
Effect of exchange rates on cash and cash equivalents 10,235 (4,231) 1,669
Net increase in cash and cash equivalents 33,994 12,735 33,811
Cash and cash equivalents at beginning of year 185,860 173,125 139,314
Cash and cash equivalents at end of year 219,854 185,860 173,125
Cash and cash equivalents comprise:      
Cash and balances at central banks 202,142 169,085 155,902
Loans and advances to banks with original maturity less than three months 6,229 6,473 7,281
Cash collateral balances with central banks with original maturity less than three months 10,625 9,690 9,086
Treasury and other eligible bills with original maturity less than three months 858 612 856
Cash and cash equivalents £ 219,854 £ 185,860 £ 173,125