EXHIBIT 99.1
CAPITALISATION
The following table shows the Group’s capitalisation and indebtedness on a consolidated basis in accordance with IFRS as at 30 September 2021. In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below.
| | | | | |
| At 30 September 2021 |
| Capitalisation | £m |
| |
| Equity | |
| Ordinary shareholders’ equity | 37,872 | |
| Other equity instruments | 4,268 | |
| Non-controlling interests | 95 | |
| Total equity | 42,235 | |
| |
| Indebtedness | |
| Subordinated liabilities | 8,388 | |
| Debt securities | |
| Debt securities in issue | 55,361 | |
| Liabilities held at fair value through profit or loss | 6,647 | |
| Total debt securities | 62,008 | |
| Total indebtedness | 70,396 | |
| |
| Total capitalisation and indebtedness | 112,631 | |
Excluding indebtedness issued under government-guaranteed funding programmes, none of the indebtedness set forth above is guaranteed by persons other than members of the Group. As of 30 September 2021, all indebtedness was unsecured except for £21.7 billion of securitisation notes and covered bonds and £1.7 billion of debt securities issued by the Group’s asset-backed conduits.
There have been no issuances or redemptions of subordinated liabilities since 30 September 2021.
There has been no material change in the information set forth in the table above since 30 September 2021.
