6th Nov 2009 07:00
Appendix 5
Third quarter 2009 results
Revisions
Appendix 5 - Revisions
Revision to net interest income
Certain income reported in other operating income in the interim results for the half year ended 30 June has been reclassified to net interest income. This reclassification does not affect total income, results of operation or profit before tax.
The effect of the reclassification on the income statement for the quarter ended 30 June 2009 is as follows:
|
Previously reported |
Adjustment |
Revised |
|
|
£m |
£m |
£m |
|
|
Net interest income |
3,117 |
205 |
3,322 |
|
Non-interest income (excluding insurance net premium income) |
1,703 |
(205) |
1,498 |
|
Net interest margin - quarter ended 30 June 2009 |
1.60% |
0.10% |
1.70% |
|
Net interest margin - half year ended 30 June 2009 |
1.69% |
0.05% |
1.74% |
Appendix 5 - Revisions
Divisional revisions
Divisional results have been revised to reflect the finalisation of transfers to Non-Core and between divisions. These changes do not affect the Group's results.
|
Quarter ended 31 March 2009 |
Quarter ended 30 June 2009 |
||||||
|
Previously reported |
Adjustment |
Revised |
Previously reported |
Adjustment |
Revised |
||
|
UK Retail |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
807 |
(10) |
797 |
877 |
(9) |
868 |
|
|
Direct expenses |
|||||||
|
- other |
(118) |
3 |
(115) |
(103) |
1 |
(102) |
|
|
Indirect expenses |
(487) |
- |
(487) |
(451) |
(1) |
(452) |
|
|
Operating profit |
24 |
(7) |
17 |
29 |
(9) |
20 |
|
|
UK Corporate |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
473 |
26 |
499 |
533 |
27 |
560 |
|
|
Non-interest income |
273 |
38 |
311 |
296 |
32 |
328 |
|
|
Direct expenses |
|||||||
|
- staff costs |
(172) |
(13) |
(185) |
(170) |
(12) |
(182) |
|
|
- other costs |
(66) |
(8) |
(74) |
(40) |
(6) |
(46) |
|
|
Impairment losses |
(101) |
1 |
(100) |
(450) |
- |
(450) |
|
|
Operating profit |
277 |
44 |
321 |
44 |
41 |
85 |
|
|
£bn |
£bn |
£bn |
£bn |
£bn |
£bn |
||
|
Total assets |
108.7 |
11.4 |
120.1 |
106.0 |
10.2 |
116.2 |
|
|
Loans and advances to customers - gross |
105.4 |
11.3 |
116.7 |
102.4 |
10.2 |
112.6 |
|
|
Customer deposits |
81.2 |
1.7 |
82.9 |
84.1 |
1.5 |
85.6 |
|
|
Risk weighted assets |
81.6 |
4.6 |
86.2 |
85.1 |
4.4 |
89.5 |
|
|
Wealth |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
160 |
(2) |
158 |
179 |
(3) |
176 |
|
|
Non-interest income |
112 |
(1) |
111 |
113 |
(2) |
111 |
|
|
Direct expenses |
|||||||
|
- staff costs |
(90) |
- |
(90) |
(79) |
1 |
(78) |
|
|
- other costs |
(33) |
- |
(33) |
(35) |
1 |
(34) |
|
|
Operating profit |
97 |
(3) |
94 |
121 |
(3) |
118 |
|
|
£bn |
£bn |
£bn |
£bn |
£bn |
£bn |
||
|
Loans and advances to customers - gross |
12.6 |
(0.3) |
12.3 |
12.7 |
(0.3) |
12.4 |
|
|
Customer deposits |
35.3 |
(0.4) |
34.9 |
35.7 |
(0.4) |
35.3 |
|
|
Risk weighted assets |
10.8 |
(0.2) |
10.6 |
10.5 |
(0.2) |
10.3 |
|
Appendix 5 - Revisions (continued)
|
Quarter ended 31 March 2009 |
Quarter ended 30 June 2009 |
||||||
|
Previously reported |
Adjustment |
Revised |
Previously reported |
Adjustment |
Revised |
||
|
Global Banking & Markets |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
848 |
(36) |
812 |
712 |
(52) |
660 |
|
|
Non-interest income |
4,587 |
(60) |
4,527 |
1,683 |
(33) |
1,650 |
|
|
Direct expenses |
|||||||
|
- staff costs |
(1,014) |
13 |
(1,001) |
(773) |
11 |
(762) |
|
|
- other costs |
(306) |
6 |
(300) |
(233) |
2 |
(231) |
|
|
Impairment losses |
(269) |
- |
(269) |
32 |
(1) |
31 |
|
|
Operating profit |
3,653 |
(77) |
3,576 |
1,220 |
(73) |
1,147 |
|
|
£bn |
£bn |
£bn |
£bn |
£bn |
£bn |
||
|
Loans and advances (including banks) |
217.9 |
(11.4) |
206.5 |
166.4 |
(10.4) |
156.0 |
|
|
Reverse repos |
80.6 |
- |
80.6 |
75.2 |
- |
75.2 |
|
|
Securities |
124.3 |
- |
124.3 |
115.5 |
- |
115.5 |
|
|
Cash and eligible bills |
28.6 |
- |
28.6 |
51.5 |
- |
51.5 |
|
|
Other |
43.1 |
- |
43.1 |
46.3 |
(0.1) |
46.2 |
|
|
Total third party assets (excluding derivatives mark to market) |
494.5 |
(11.4) |
483.1 |
454.9 |
(10.5) |
444.4 |
|
|
Customer deposits (excluding repos) |
83.1 |
(1.3) |
81.8 |
66.0 |
(1.0) |
65.0 |
|
|
Risk weighted assets |
153.1 |
(4.5) |
148.6 |
126.6 |
(4.2) |
122.4 |
|
|
Global Transaction Services |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
220 |
- |
220 |
226 |
(1) |
225 |
|
|
Non-interest income |
385 |
- |
385 |
397 |
1 |
398 |
|
|
Direct expenses |
|||||||
|
- staff costs |
(95) |
- |
(95) |
(88) |
1 |
(87) |
|
|
- other costs |
(35) |
- |
(35) |
(37) |
(1) |
(38) |
|
|
Operating profit |
231 |
- |
231 |
265 |
- |
265 |
|
|
£bn |
£bn |
£bn |
£bn |
£bn |
£bn |
||
|
Total third party assets |
20.9 |
0.2 |
21.1 |
19.7 |
(0.3) |
19.4 |
|
|
Loans and advances |
14.4 |
0.3 |
14.7 |
13.8 |
(0.3) |
13.5 |
|
|
Customer deposits |
58.2 |
0.1 |
58.3 |
54.0 |
- |
54.0 |
|
|
Risk weighted assets |
17.9 |
0.8 |
18.7 |
16.7 |
- |
16.7 |
|
|
Central items |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Operating profit |
489 |
- |
489 |
(314) |
2 |
(312) |
|
Appendix 5 - Revisions (continued)
|
Quarter ended 31 March 2009 |
Quarter ended 30 June 2009 |
||||||
|
Previously reported |
Adjustment |
Revised |
Previously reported |
Adjustment |
Revised |
||
|
Non-Core |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
373 |
22 |
395 |
239 |
35 |
274 |
|
|
Non-interest income |
(2,442) |
24 |
(2,418) |
(1,172) |
4 |
(1,168) |
|
|
Staff costs |
(187) |
(1) |
(188) |
(72) |
1 |
(71) |
|
|
Other costs |
(371) |
(1) |
(372) |
(358) |
1 |
(357) |
|
|
Impairment losses |
(1,827) |
(1) |
(1,828) |
(3,517) |
1 |
(3,516) |
|
|
Contribution |
(4,631) |
43 |
(4,588) |
(5,017) |
42 |
(4,975) |
|
|
£bn |
£bn |
£bn |
£bn |
£bn |
£bn |
||
|
Total third party assets (including derivatives) |
297.1 |
- |
297.1 |
231.1 |
0.8 |
231.9 |
|
|
Loans and advances to customers - gross |
183.1 |
- |
183.1 |
166.3 |
(2.7) |
163.6 |
|
|
Customer deposits |
22.0 |
(0.1) |
21.9 |
20.8 |
(7.4) |
13.4 |
|
|
Risk weighted assets |
164.4 |
(0.7) |
163.7 |
164.0 |
0.1 |
164.1 |
|
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