Company: LLOBF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001654954-25-001688
Chunk: 48

Company: Lloyds Banking Group plc
Filing Date: 2025-02-20
Form: 6-K
Chunk 48
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 of exchange rate changes on cash and cash         
 equivalents                                               |      -7 |     |    -480 |
| Change in cash and cash equivalents                       | -18,022 |     |  -6,991 |
| Cash and cash equivalents at beginning of year            |  88,838 |     |  95,829 |
| Cash and cash equivalents at end of year                  |  70,816 |     |  88,838 |

Cash and cash equivalents comprise cash and non-mandatory balances with central banks and amounts due from banks with a maturity of less than three months. Included within cash and cash equivalents at 31 December 2024 is £23 million (31 December 2023: £31 million) of restricted cash and cash equivalents held within the Group's long-term insurance and investments operations, which is not immediately available for use in the business.

Interest received was £29,721 million (2023: £26,461 million; 2022: £16,074 million) and interest paid was £17,840 million (2023: £11,100 million; 2022: £3,320 million).

### NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

#### 1. Accounting policies and presentation
**These condensed consolidated financial statements as at and for the year to 31 December 2024 have been prepared in accordance with the Listing Rules of the Financial Conduct Authority (FCA) relating to Preliminary Announcements and comprise the results of Lloyds Banking Group plc (the Company) together with its subsidiaries (the Group). They do not include all of the information required for full annual financial statements. Copies of the 2024 annual report and accounts will be available on the Group's website and upon request from Investor Relations, Lloyds Banking Group plc, 25 Gresham Street, London EC2V 7HN.

The directors consider that it is appropriate to continue to adopt the going concern basis in preparing the financial statements. In reaching this assessment, the directors have considered the Group's capital and funding position, the impact of climate change upon the Group's future performance and the results from stress testing scenarios.

The Group's accounting policies are consistent with those applied by the Group in its financial statements for the year ended 31 December 2023 and there have been no changes in the Group's methods of computation. The Group's accounting policies are set out in full in the 2024 annual report and accounts.

The financial information contained