v3.24.1.1.u2
Consolidated statement of changes in equity - GBP (£)
£ in Millions
Total
Total shareholders’ equity
Share capital
Share premium account
Retained earnings
Other equity reserves
 [1]
Non-controlling interests
Equity, beginning balance at Mar. 31, 2021 £ 19,860 £ 19,839 £ 474 £ 1,296 £ 23,163 £ (5,094) £ 21
Profit for the year 2,354 2,353     2,353   1
Other comprehensive income (loss) for the year 2,477 2,476     1,871 605 1
Total comprehensive income/(loss) for the year 4,831 4,829     4,224 605 2
Equity dividends (922) (922)     (922)    
Scrip dividend-related share issue [2] (1) (1) 11 (12)      
Issue of treasury shares 17 17     17    
Transactions in own shares 13 13   16 (3)    
Share-based payments 43 43     43    
Tax on share-based payments 7 7     7    
Transfer of accumulated gains and losses on sale of equity investments [3] 0 0     82 (82)  
Cash flow hedges transferred to the statement of financial position, net of tax 8 8       8  
Equity, ending balance at Mar. 31, 2022 23,856 23,833 485 1,300 26,611 (4,563) 23
Profit for the year 7,797 7,797     7,797    
Other comprehensive income (loss) for the year (554) (555)     (1,253) 698 1
Total comprehensive income/(loss) for the year 7,243 7,242     6,544 698 1
Equity dividends (1,607) (1,607)     (1,607)    
Scrip dividend-related share issue [2] 0 0 3 (3)      
Issue of treasury shares 16 16     16    
Transactions in own shares 1 1   5 (4)    
Share-based payments 48 48     48    
Cash flow hedges transferred to the statement of financial position, net of tax 5 5       5  
Equity, ending balance at Mar. 31, 2023 29,562 29,538 488 1,302 31,608 (3,860) 24
Profit for the year 2,291 2,290     2,290   1
Other comprehensive income (loss) for the year (300) (300)     (168) (132)  
Total comprehensive income/(loss) for the year 1,991 1,990     2,122 (132) 1
Equity dividends (1,718) (1,718)     (1,718)    
Scrip dividend-related share issue [2] (1) (1) 5 (6)      
Issue of treasury shares 21 21     21    
Transactions in own shares (4) (4)   2 (6)    
Share-based payments 37 37     37    
Tax on share-based payments 2 2     2    
Cash flow hedges transferred to the statement of financial position, net of tax 2 2       2  
Equity, ending balance at Mar. 31, 2024 £ 29,892 £ 29,867 £ 493 £ 1,298 £ 32,066 £ (3,990) £ 25
[1] For further details of other equity reserves, see note 28.
[2] Included within the share premium account are costs associated with scrip dividends.
[3] In the year ended 31 March 2022, the Group disposed of its equity instruments related to shares held as part of a portfolio of financial instruments which back some long‑term employee
liabilities. The equity instruments were previously measured at fair value through other comprehensive income and prior to the disposal the Group recognised a gain of £12 million.
The accumulated gain of £82 million recognised in other comprehensive income was transferred to retained earnings on disposal.