.jpg "Preliminary Results 2009")
Group Chief Executive's Review
Group Finance Director's Review
>Consolidated income statement
>Consolidated statement of comprehensive income
>Reconciliation of adjusted operating profit to profit after tax
>Consolidated statement of financial position
>Consolidated statement of cash flows
>Consolidated statement of changes in equity
+Notes to the consolidated financial statements
- Preliminary Results 2009
- >
- Financial Statements
- >
- Consolidated statement of changes in equity
Consolidated statement of changes in equity
For the year ended 31 December 2009
|
Millions
|
|
|
£m
|
||
| Year ended 31 December 2009 | Notes |
Number of
shares issued and fully paid |
Attributable to
equity holders of the parent |
Total
non-controlling interests |
Total
equity |
| Shareholders' equity at beginning of the year |
5,516
|
7,737
|
1,840
|
9,577
|
|
| (Loss)/profit after tax for the financial year |
-
|
(340)
|
222
|
(118)
|
|
| Other comprehensive income |
|
|
|
|
|
| Fair value gains/(losses) |
|
|
|
|
|
| Property revaluation |
-
|
(12)
|
2
|
(10)
|
|
| Net investment hedge |
-
|
(41)
|
-
|
(41)
|
|
| Available-for-sale investments |
|
|
|
|
|
| Fair value gains |
-
|
1,087
|
-
|
1,087
|
|
| Recycled to the income statement |
-
|
239
|
-
|
239
|
|
| Shadow accounting |
-
|
27
|
-
|
27
|
|
| Currency translation differences/exchange differences on translating foreign operations |
-
|
124
|
178
|
302
|
|
| Other movements |
-
|
22
|
(1)
|
21
|
|
| Income tax relating to components of other comprehensive income | D1(c) |
-
|
(397)
|
-
|
(397)
|
| Total comprehensive income for the financial year |
-
|
709
|
401
|
1,110
|
|
| Dividends for the year | C4 |
-
|
(45)
|
(145)
|
(190)
|
| Net sale of treasury shares |
-
|
39
|
-
|
39
|
|
| Issue of ordinary share capital by the Company |
-
|
2
|
-
|
2
|
|
| Change in participation in subsidiaries |
-
|
-
|
150
|
150
|
|
| Exercise of share options |
2
|
3
|
-
|
3
|
|
| Change in share-based payments reserve |
-
|
19
|
1
|
20
|
|
| Transactions with shareholders |
2
|
18
|
6
|
24
|
|
| Shareholders' equity at end of the year |
5,518
|
8,464
|
2,247
|
10,711
|
|
|
|
|
|
|
|
£m
|
||
| Year ended 31 December 2009 | Notes |
Share
capital |
Share premium
|
Other reserves
|
Translation reserve
|
Retained earnings
|
Perpetual
preferred callable securities |
Total
|
| Attributable to equity holders of the parent at beginning of the year |
552
|
766
|
2,130
|
386
|
3,215
|
688
|
7,737
|
|
| (Loss)/profit for the financial year attributable to equity holders of the parent |
-
|
-
|
-
|
-
|
(372)
|
32
|
(340)
|
|
| Other comprehensive income |
|
|
|
|
|
|
|
|
| Fair value gains/(losses) |
|
|
|
|
|
|
|
|
| Property revaluation |
-
|
-
|
(12)
|
-
|
-
|
-
|
(12)
|
|
| Net investment hedge |
-
|
-
|
-
|
(41)
|
-
|
-
|
(41)
|
|
| Available-for-sale investments |
|
|
|
|
|
|
|
|
| Fair value gains |
-
|
-
|
1,087
|
-
|
-
|
-
|
1,087
|
|
| Recycled to income statement |
-
|
-
|
239
|
-
|
-
|
-
|
239
|
|
| Shadow accounting |
-
|
-
|
27
|
-
|
-
|
-
|
27
|
|
| Currency translation differences/exchange differences on translating foreign operations |
-
|
-
|
-
|
124
|
-
|
-
|
124
|
|
| Other movements |
-
|
-
|
7
|
-
|
15
|
-
|
22
|
|
| Income tax relating to components of other comprehensive income |
-
|
-
|
(410)
|
-
|
-
|
13
|
(397)
|
|
| Total comprehensive income for the financial year |
-
|
-
|
938
|
83
|
(357)
|
45
|
709
|
|
| Dividends for the year | C4 |
-
|
-
|
-
|
-
|
-
|
(45)
|
(45)
|
| Net sale of treasury shares |
-
|
-
|
-
|
-
|
39
|
-
|
39
|
|
| Issue of ordinary share capital by the Company |
-
|
2
|
-
|
-
|
-
|
-
|
2
|
|
| Exercise of share options |
-
|
3
|
-
|
-
|
-
|
-
|
3
|
|
| Change in share-based payments reserve |
-
|
-
|
19
|
-
|
-
|
-
|
19
|
|
| Transactions with shareholders |
-
|
5
|
19
|
-
|
39
|
(45)
|
18
|
|
| Attributable to equity holders of the parent at end of the year |
552
|
771
|
3,087
|
469
|
2,897
|
688
|
8,464
|
|
|
|
|
|
|
£m
|
|
| Other reserves attributable to equity holders of the parent |
Merger reserve
|
Available-for-sale reserve
|
Property revaluation reserve
|
Share-based payments reserve
|
Other reserves
|
Total
|
| At beginning of the year |
2,716
|
(844)
|
85
|
171
|
2
|
2,130
|
| Fair value gains/(losses) |
|
|
|
|
|
|
| Property revaluation |
-
|
-
|
(12)
|
-
|
-
|
(12)
|
| Available-for-sale investments |
|
|
|
|
|
|
| Fair value gains |
-
|
1,087
|
-
|
-
|
-
|
1,087
|
| Recycled to income statement |
-
|
239
|
-
|
-
|
-
|
239
|
| Shadow accounting |
-
|
9
|
18
|
-
|
-
|
27
|
| Other movements |
-
|
1
|
(4)
|
1
|
9
|
7
|
| Income tax relating to components of other comprehensive income |
-
|
(410)
|
-
|
-
|
-
|
(410)
|
| Change in share-based payments reserve |
-
|
-
|
-
|
19
|
-
|
19
|
| At end of the year |
2,716
|
82
|
87
|
191
|
11
|
3,087
|
Retained earnings were reduced by £379 million at 31 December 2009 in respect of own shares held in policyholders' funds, ESOP trusts, Black Economic Empowerment trusts and other related undertakings.
|
Millions
|
£m
|
||||
| Year ended 31 December 2008 | Notes |
Number of
shares issued and fully paid |
Attributable to
equity holders of the parent |
Total
non-controlling interests |
Total
equity |
| Shareholders' equity at beginning of the year |
5,510
|
7,961
|
1,636
|
9,597
|
|
| Profit after tax for the financial year |
-
|
441
|
242
|
683
|
|
| Other comprehensive income |
|
|
|
|
|
| Fair value gains/(losses) |
|
|
|
|
|
| Property revaluation |
-
|
16
|
-
|
16
|
|
| Net investment hedge |
-
|
281
|
-
|
281
|
|
| Available-for-sale investments |
|
|
|
|
|
| Fair value losses |
-
|
(1,635)
|
-
|
(1,635)
|
|
| Recycled to the income statement |
-
|
414
|
-
|
414
|
|
| Shadow accounting |
-
|
26
|
-
|
26
|
|
| Currency translation differences/exchange differences on translating foreign operations |
-
|
419
|
10
|
429
|
|
| Other movements |
-
|
(23)
|
91
|
68
|
|
| Income tax relating to components of other comprehensive income | D1(c) |
-
|
366
|
-
|
366
|
| Total comprehensive income for the financial year |
-
|
305
|
343
|
648
|
|
| Dividends for the year | C4 |
-
|
(395)
|
(165)
|
(560)
|
| Net sale of treasury shares |
-
|
5
|
-
|
5
|
|
| Shares repurchased in the buyback programme |
-
|
(175)
|
-
|
(175)
|
|
| Issue of ordinary share capital by the Company |
-
|
5
|
-
|
5
|
|
| Change in participation in subsidiaries |
-
|
-
|
26
|
26
|
|
| Exercise of share options |
6
|
5
|
-
|
5
|
|
| Change in share-based payments reserve |
-
|
26
|
-
|
26
|
|
| Transactions with shareholders |
6
|
(529)
|
(139)
|
(668)
|
|
| Shareholders' equity at end of the year |
5,516
|
7,737
|
1,840
|
9,577
|
|
|
|
|
|
|
|
£m
|
||
| Year ended 31 December 2008 | Notes |
Share
capital |
Share premium
|
Other reserves
|
Translation reserve
|
Retained earnings
|
Perpetual
preferred callable securities |
Total
|
| Attributable to equity holders of the parent at beginning of the year |
551
|
757
|
2,908
|
(304)
|
3,361
|
688
|
7,961
|
|
| Profit for the financial year attributable to equity holders of the parent |
-
|
-
|
-
|
-
|
410
|
31
|
441
|
|
| Other comprehensive income |
|
|
|
|
|
|
|
|
| Fair value gains/(losses) |
|
|
|
|
|
|
|
|
| Property revaluation |
-
|
-
|
16
|
-
|
-
|
-
|
16
|
|
| Net investment hedge |
-
|
-
|
-
|
281
|
-
|
-
|
281
|
|
| Available-for-sale investments |
|
|
|
|
|
|
|
|
| Fair value losses |
-
|
-
|
(1,635)
|
-
|
-
|
-
|
(1,635)
|
|
| Recycled to income statement |
|
|
414
|
-
|
-
|
-
|
414
|
|
| Shadow accounting |
-
|
-
|
26
|
-
|
-
|
-
|
26
|
|
| Currency translation differences/exchange differences on translating foreign operations |
-
|
-
|
-
|
419
|
-
|
-
|
419
|
|
| Other movements |
-
|
-
|
8
|
3
|
(34)
|
-
|
(23)
|
|
| Income tax relating to components of other comprehensive income |
-
|
-
|
367
|
(13)
|
-
|
12
|
366
|
|
| Total comprehensive income for the financial year |
-
|
-
|
(804)
|
690
|
376
|
43
|
305
|
|
| Dividends for the year | C4 |
-
|
-
|
-
|
-
|
(352)
|
(43)
|
(395)
|
| Net sale of treasury shares |
-
|
-
|
-
|
-
|
5
|
-
|
5
|
|
| Shares repurchased in the buyback Programme |
-
|
-
|
-
|
-
|
(175)
|
-
|
(175)
|
|
| Issue of ordinary share capital by the Company |
-
|
5
|
-
|
-
|
-
|
-
|
5
|
|
| Exercise of share options |
1
|
4
|
-
|
-
|
-
|
-
|
5
|
|
| Change in share-based payments reserve |
-
|
-
|
26
|
-
|
-
|
-
|
26
|
|
| Transactions with shareholders |
1
|
9
|
26
|
-
|
(522)
|
(43)
|
(529)
|
|
| Attributable to equity holders of the parent at end of the year |
552
|
766
|
2,130
|
386
|
3,215
|
688
|
7,737
|
|
|
|
|
|
|
£m
|
|
| Other reserves attributable to equity holders of the parent |
Merger reserve
|
Available-for-sale reserve
|
Property revaluation reserve
|
Share-based payments reserve
|
Other reserves
|
Total
|
| At beginning of the year |
2,716
|
(30)
|
75
|
147
|
-
|
2,908
|
| Fair value gains/(losses) |
|
|
|
|
|
|
| Property revaluation |
-
|
-
|
16
|
-
|
-
|
16
|
| Available-for-sale investments |
|
|
|
|
|
|
| Fair value losses |
-
|
(1,635)
|
-
|
-
|
-
|
(1,635)
|
| Recycled to income statement |
-
|
414
|
-
|
-
|
-
|
414
|
| Shadow accounting |
-
|
41
|
(15)
|
-
|
-
|
26
|
| Other movements |
-
|
(1)
|
9
|
(2)
|
2
|
8
|
| Income tax relating to components of other comprehensive income |
-
|
367
|
-
|
-
|
-
|
367
|
| Change in share-based payments reserve |
-
|
-
|
-
|
26
|
-
|
26
|
| At end of the year |
2,716
|
(844)
|
85
|
171
|
2
|
2,130
|
Retained earnings were reduced by £280 million at 31 December 2008 in respect of own shares held in policyholders' funds, ESOP trusts, Black Economic Empowerment trusts and other related undertakings.
