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Consolidated cash flow statement - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Operating profit before tax from continuing operations [1] £ 5,132 £ 3,844 £ (553)
Operating (loss)/profit before tax from discontinued operations [1] (262) 467 202
Impairment losses/(releases) 266 (1,335) 3,242
Amortisation of discounts and premiums of other financial assets 6 203 267
Depreciation and amortisation 833 923 914
Change in fair value taken to profit or loss of other financial assets 1,267 1,771 (1,474)
Change in fair value taken to profit or loss on other financial liabilities and subordinated liabilities (2,400) (1,083) 962
Elimination of foreign exchange differences 10 2,446 (2,497)
Other non-cash items (261) (164) (2)
Income receivable on other financial assets (591) (581) (518)
Loss/(profit) on sale of other financial assets 172 (118) (96)
(Profit)/loss on disposal of subsidiaries and associates   (48) 16
Share of loss/(profit) of associates 30 (216) 30
Loss/(profit) on sale of other assets and net assets/liabilities 154 23 (16)
Interest payable on MRELs and subordinated liabilities 1,103 964 1,182
Loss on redemption of own debt 161 145 324
Charges and releases on provisions 248 478 296
Defined benefit pension schemes 205 215 215
Net cash flows from trading activities 6,073 7,934 2,494
Decrease in trading assets 14,991 7,751 4,147
Decrease/(increase) in derivative assets 3,621 59,697 (16,173)
(Increase)/decrease in settlement balance assets (431) 156 2,090
Increase in loans to banks (202) (252) (554)
(Increase)/decrease in loans to customers (7,628) 2,721 (33,748)
(Increase)/decrease in other financial assets (328) (128) 221
(Increase)/decrease in other assets (255) (57) 8
Increase in assets of disposal groups (4,117) (9,015)  
(Decrease)/increase in banks deposits (5,838) 5,673 113
(Decrease)/increase in customer deposits (29,492) 48,071 62,492
Decrease in settlement balance liabilities (56) (350) (1,652)
Decrease in trading liabilities (11,790) (7,658) (1,693)
(Decrease)/increase in derivative liabilities (6,788) (59,870) 13,826
Increase/(decrease) in other financial liabilities 989 938 (1,085)
Increase in notes in circulation 171 392 546
Decrease in other liabilities (1,294) (1,463) (1,723)
Changes in operating assets and liabilities (48,447) 46,606 26,815
Income taxes paid (1,223) (856) (214)
Net cash flows from operating activities [2],[3] (43,597) 53,684 29,095
Cash flows from investing activities      
Sale and maturity of other financial assets 36,975 16,859 25,952
Purchase of other financial assets (23,510) (10,150) (18,825)
Income received on other financial assets 659 581 518
Net movement in business interests and intangible assets 5,420 (3,489) (70)
Sale of property, plant and equipment 154 165 348
Purchase of property, plant and equipment (639) (901) (376)
Net cash flows from investing activities 19,059 3,065 7,547
Cash flows from financing activities      
Movement in MRELs (1,974) 2,736 636
Movement in subordinated liabilities (3,419) (3,452) (2,381)
Share repurchased (2,054) (1,806) (2)
Dividends paid (3,205) (1,016) (381)
Issue of paid-in equity   937 2,218
Net cash flows from financing activities (10,652) (2,601) 90
Effects of exchange rate changes on cash and cash equivalents 2,933 (2,641) 1,879
Net (decrease)/increase in cash and cash equivalents (32,257) 51,507 38,611
Cash and cash equivalents at beginning of period 190,706 139,199 100,588
Cash and cash equivalents at end of period £ 158,449 £ 190,706 £ 139,199
[1] Comparative results have been re-presented from those previously published to reclassify certain items as discontinued operations as described in Note 8 to the consolidated financial statements.
[2] Includes interest received of £12,638 million (2021 - £9,696 million, 2020 - £10,007 million) and interest paid of £2,357 million (2021 - £1,668 million, 2020 - £2,414 million).
[3] The total cash outflow for leases is £170 million (2021: £195 million; 2020: £220 million), including payment of principal amount of £145 million (2021: £164 million; 2020: £179 million) which are included in the operating activities.