Just Annual Report and Accounts 2022

STRATEGIC REPORT

GOVERNANCE

financial statements

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY continued for the year ended 31 December 2022

Shares held by trusts £m

Non- controlling interest £m

Total owners Equity £m

Total shareholders’ equity £m

Accumulated profit 1 £m

Revaluation reserve £m

Merger reserve £m

Reorganisation reserve £m

Share premium £m

Tier 1 notes £m

Share capital £m

Total £m

Year ended 31 December 2021 At 1 January 2021 (Loss)/income for the year

Note

103.8 94.5

348.4 597.1

3.3 (5.4)

1,056.6

2,198.3 294.0 2,492.3

(1.9) 2,490.4

–

(15.0)

– (15.0)

(0.8)

(15.8)

Other comprehensive (loss)/income for the year, net of income tax Total comprehensive (loss)/income for the year

–

(0.5)

–

(0.1)

(0.6)

–

(0.6)

–

(0.6)

–

(0.5)

–

(15.1)

(15.6)

– (15.6)

(0.8)

(16.4)

Contributions and distributions Shares issued

21 0.1

0.1

–

0.2

–

0.2

–

0.2

Tier 1 notes issued (net of costs)

22 –

– – –

–

– 322.4 322.4

– 322.4 – (341.0)

Tier 1 notes redeemed 22 –

(47.0)

(47.0) (294.0) (341.0)

Dividends

12 –

–

Interest paid on Tier 1 notes (net of tax)

22 –

–

(20.4)

– (20.4)

Share-based payments

–

1.1

3.7

4.8

–

4.8

–

4.8

Total contributions and distributions Changes in ownership interest Acquisition of non-controlling interest Total changes in ownership interests At 31 December 2021

0.1

–

1.1

(63.7)

(62.4) 28.4 (34.0)

– (34.0)

35 –

–

(0.8)

–

(0.8)

0.8

–

(0.8)

–

(0.8)

0.8

–

103.9 94.6

348.4 597.1

2.8 (4.3)

977.0

2,119.5 322.4 2,441.9

(1.9) 2,440.0

The notes are an integral part of these financial statements.

133