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v3.24.0.1

Consolidated cash flow statement - GBP (£) £ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Cash flows from operating activities |  |  |  |  |
Operating profit before tax from continuing operations | [1] | £ 6,178 | £ 5,132 | £ 3,844 | [2]
Operating (loss)/profit before tax from discontinued operations | [1] | (112) | (262) | 467 |
Adjustments for: |  |  |  |  |
Non-cash and other items |  | 3,208 | 1,203 | 3,623 |
Change in operating assets and liabilities |  | (25,679) | (48,447) | 46,606 |
Income taxes paid |  | (1,033) | (1,223) | (856) |
Net cash flows from operating activities | [3],[4] | (17,438) | (43,597) | 53,684 |
Cash flows from investing activities |  |  |  |  |
Sale and maturity of other financial assets |  | 25,195 | 36,975 | 16,859 |
Purchase of other financial assets |  | (44,906) | (23,510) | (10,150) |
Income received on other financial assets |  | 1,099 | 659 | 581 |
Net movement in business interests and intangible assets |  | 4,601 | 5,420 | (3,489) |
Sale of property, plant and equipment |  | 128 | 154 | 165 |
Purchase of property, plant and equipment |  | (811) | (639) | (901) |
Net cash flows from investing activities |  | (14,694) | 19,059 | 3,065 |
Cash flows from financing activities |  |  |  |  |
Issue of paid-in equity |  |  |  | 937 |
Issue of subordinated liabilities |  | 611 | 648 | 1,634 |
Redemption of subordinated liabilities |  | (1,250) | (3,693) | (4,765) |
Interest paid on subordinated liabilities |  | (439) | (374) | (321) |
Issue of MRELs |  | 3,973 | 3,721 | 3,383 |
Maturity and redemption MRELs |  | (4,236) | (4,992) |  |
Interest paid on MRELs |  | (844) | (703) | (647) |
Shares repurchased |  | (2,416) | (2,054) | (1,806) |
Dividends paid |  | (1,703) | (3,205) | (1,016) |
Net cash flows from financing activities |  | (6,304) | (10,652) | (2,601) |
Effects of exchange rate changes on cash and cash equivalents |  | (1,189) | 2,933 | (2,641) |
Net (decrease)/increase in cash and cash equivalents |  | (39,625) | (32,257) | 51,507 |
Cash and cash equivalents at 1 January |  | 158,449 | 190,706 | 139,199 |
Cash and cash equivalents at 31 December |  | £ 118,824 | £ 158,449 | £ 190,706 |
[1] | Comparative results have been re-presented from those previously published to reclassify certain operations as discontinued operations as described in Note 8 to the consolidated financial statements.
[2] | 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.
[3] | Includes interest received of £20,345 million (2022 - £12,638 million, 2021 - £9,696 million) and interest paid of £8,871 million (2022 - £2,357 million, 2021 - £1,668 million).
[4] | The total cash outflow for leases is £122 million (2022 - £170 million; 2021 - £195 million), including payment of principal amount of £102 million (2022 - £145 million, 2021 - £164 million) which are included in the operating activities.

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