6 Aug 2010 07:01
Appendix 5
Indicative impact of future transfers
Appendix 5 - Indicative impact of future transfers
Planned divisional transfers
As part of the Group's strategic plan update, certain transfers of assets between divisions will be executed at book value during the second half.
·; In GBM, certain derivatives related to underlying asset exposures in Non-Core will be transferred to Non-Core to better align management of the overall net position.
·; In Ulster Bank, the Group has decided to cease early stage development property lending. Accordingly, Ulster's Corporate Markets business will transfer a portfolio of development property lending assets to Non-Core. In addition, reflecting its continued commitment to the retail mortgage sector, assets which had been included in Non-Core will now be transferred back and be managed as part of the core business.
The overall effect of these transfers is not considered material and divisional results will be impacted from 1 July 2010. However, to assist understanding of the transfers in the context of historical results, the pro forma indicative impact of the transfer on each division's results is set out below.
These planned revisions will not affect overall Group results.
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2010 |
| Quarter ended 31 March 2010 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 3,212 | 19 | (20) | 3,211 |
| 3,035 | 19 | (19) | 3,035 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 3,592 | - | 150 | 3,742 |
| 3,864 | - | 4 | 3,868 |
| Insurance net premium income | 1,105 | - | - | 1,105 |
| 1,121 | - | - | 1,121 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 4,697 | - | 150 | 4,847 |
| 4,985 | - | 4 | 4,989 |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 7,909 | 19 | 130 | 8,058 |
| 8,020 | 19 | (15) | 8,024 |
| Operating expenses | (3,511) | (1) | 3 | (3,509) |
| (3,774) | (1) | 2 | (3,773) |
|
|
|
|
|
|
|
|
|
|
|
| Profit before other operating charges | 4,398 | 18 | 133 | 4,549 |
| 4,246 | 18 | (13) | 4,251 |
| Insurance net claims | (1,108) | - | - | (1,108) |
| (1,003) | - | - | (1,003) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit before impairment losses | 3,290 | 18 | 133 | 3,441 |
| 3,243 | 18 | (13) | 3,248 |
| Impairment losses | (1,097) | (23) | 128 | (992) |
| (971) | (20) | 122 | (869) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 2,193 | (5) | 261 | 2,449 |
| 2,272 | (2) | 109 | 2,379 |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 1,387.6 | 5.6 | (10.7) | 1,382.5 |
| 1,370.3 | 6.1 | (10.5) | 1,365.9 |
| Loans and advances to customers - gross |
428.9 | 5.6 | (5.0) | 429.5 |
| 429.4 | 6.1 | (5.3) | 430.2 |
| Customer deposits | 413.5 | - | (0.1) | 413.4 |
| 414.9 | - | (0.1) | 414.8 |
| Risk elements in lending | 14.7 | 0.5 | (1.3) | 13.9 |
| 12.5 | 0.4 | (1.0) | 11.9 |
| Risk-weighted assets | 298.9 | 3.1 | (9.4) | 292.6 |
| 296.4 | 3.2 | (12.2) | 287.4 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2010 |
| Quarter ended 31 March 2010 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 472 | 20 | (19) | 473 |
| 499 | 19 | (19) | 499 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 228 | (150) | - | 78 |
| 267 | (4) | - | 263 |
| Insurance net premium income | 173 | - | - | 173 |
| 168 | - | - | 168 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 401 | (150) | - | 251 |
| 435 | (4) | - | 431 |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 873 | (130) | (19) | 724 |
| 934 | 15 | (19) | 930 |
| Operating expenses | (592) | (3) | 1 | (594) |
| (656) | (2) | 1 | (657) |
|
|
|
|
|
|
|
|
|
|
|
| Profit before other operating charges | 281 | (133) | (18) | 130 |
| 278 | 13 | (18) | 273 |
| Insurance net claims | (215) | - | - | (215) |
| (133) | - | - | (133) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit/(loss) before impairment losses | 66 | (133) | (18) | (85) |
| 145 | 13 | (18) | 140 |
| Impairment losses | (1,390) | (128) | 23 | (1,495) |
| (1,704) | (122) | 20 | (1,806) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (1,324) | (261) | 5 | (1,580) |
| (1,559) | (109) | 2 | (1,666) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 193.3 | 10.7 | (5.6) | 198.4 |
| 212.6 | 10.5 | (6.1) | 217.0 |
| Loans and advances to customers - gross | 126.4 | 5.0 | (5.6) | 125.8 |
| 141.2 | 5.3 | (6.1) | 140.4 |
| Customer deposits | 7.4 | 0.1 | - | 7.5 |
| 10.2 | 0.1 | - | 10.3 |
| Risk elements in lending | 22.0 | 1.3 | (0.5) | 22.8 |
| 24.0 | 1.0 | (0.4) | 24.6 |
| Risk-weighted assets | 175.0 | 9.4 | (3.1) | 181.3 |
| 164.3 | 12.2 | (3.2) | 173.3 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 31 December 2009 |
| Quarter ended 30 September 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 2,935 | 18 | (17) | 2,936 |
| 3,035 | 16 | (15) | 3,036 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 3,360 | - | (110) | 3,250 |
| 2,877 | - | 51 | 2,928 |
| Insurance net premium income | 1,137 | - | - | 1,137 |
| 1,128 | - | - | 1,128 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 4,497 | - | (110) | 4,387 |
| 4,005 | - | 51 | 4,056 |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 7,432 | 18 | (127) | 7,323 |
| 7,040 | 16 | 36 | 7,092 |
| Operating expenses | (3,788) | (1) | 3 | (3,786) |
| (3,669) | - | 2 | (3,667) |
|
|
|
|
|
|
|
|
|
|
|
| Profit before other operating charges | 3,644 | 17 | (124) | 3,537 |
| 3,371 | 16 | 38 | 3,425 |
| Insurance net claims | (1,173) | - | - | (1,173) |
| (1,019) | - | - | (1,019) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit before impairment losses | 2,471 | 17 | (124) | 2,364 |
| 2,352 | 16 | 38 | 2,406 |
| Impairment losses | (1,288) | (16) | 85 | (1,219) |
| (1,213) | (7) | 22 | (1,198) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 1,183 | 1 | (39) | 1,145 |
| 1,139 | 9 | 60 | 1,208 |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 1,301.6 | 6.1 | (9.9) | 1,297.8 |
| 1,447.3 | 6.3 | (10.3) | 1,443.3 |
| Loans and advances to customers - gross | 420.2 | 6.1 | (5.3) | 421.0 |
| 443.9 | 6.3 | (5.4) | 444.8 |
| Customer deposits | 401.7 | - | (0.1) | 401.6 |
| 407.8 | - | (0.1) | 407.7 |
| Risk elements in lending | 12.1 | 0.3 | (0.5) | 11.9 |
| 11.7 | 0.3 | (0.4) | 11.6 |
| Risk-weighted assets | 394.5 | 2.7 | (9.5) | 387.7 |
| 394.0 | 2.1 | (9.6) | 386.5 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 31 December 2009 |
| Quarter ended 30 September 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 511 | 17 | (18) | 510 |
| 226 | 15 | (16) | 225 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | (574) | 110 | - | (464) |
| (345) | (51) | - | (396) |
| Insurance net premium income | 171 | - | - | 171 |
| 173 | - | - | 173 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | (403) | 110 | - | (293) |
| (172) | (51) | - | (223) |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 108 | 127 | (18) | 217 |
| 54 | (36) | (16) | 2 |
| Operating expenses | (685) | (3) | 1 | (687) |
| (526) | (2) | - | (528) |
|
|
|
|
|
|
|
|
|
|
|
| Loss before other operating charges | (577) | 124 | (17) | (470) |
| (472) | (38) | (16) | (526) |
| Insurance net claims | (148) | - | - | (148) |
| (126) | - | - | (126) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss before impairment losses | (725) | 124 | (17) | (618) |
| (598) | (38) | (16) | (652) |
| Impairment losses | (1,811) | (85) | 16 | (1,880) |
| (2,066) | (22) | 7 | (2,081) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (2,536) | 39 | (1) | (2,498) |
| (2,664) | (60) | (9) | (2,733) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 220.9 | 9.9 | (6.1) | 224.7 |
| 233.0 | 10.3 | (6.3) | 237.0 |
| Loans and advances to customers - gross | 149.5 | 5.3 | (6.1) | 148.7 |
| 159.1 | 5.4 | (6.3) | 158.2 |
| Customer deposits | 12.6 | 0.1 | - | 12.7 |
| 16.0 | 0.1 | - | 16.1 |
| Risk elements in lending | 22.9 | 0.5 | (0.3) | 23.1 |
| 23.3 | 0.4 | (0.3) | 23.4 |
| Risk-weighted assets | 171.3 | 9.5 | (2.7) | 178.1 |
| 200.7 | 9.6 | (2.1) | 208.2 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2009 |
| Quarter ended 31 March 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 3,133 | 9 | (15) | 3,127 |
| 3,216 | 6 | (12) | 3,210 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 2,570 | - | 201 | 2,771 |
| 6,118 | - | 9 | 6,127 |
| Insurance net premium income | 1,105 | - | - | 1,105 |
| 1,112 | - | - | 1,112 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 3,675 | - | 201 | 3,876 |
| 7,230 | - | 9 | 7,239 |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 6,808 | 9 | 186 | 7,003 |
| 10,446 | 6 | (3) | 10,449 |
| Operating expenses | (3,529) | - | -3 | (3,526) |
| (3,968) | - | 2 | (3,966) |
|
|
|
|
|
|
|
|
|
|
|
| Profit before other operating charges | 3,279 | 9 | 189 | 3,477 |
| 6,478 | 6 | (1) | 6,483 |
| Insurance net claims | (788) | - | - | (788) |
| (789) | - | - | (789) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit before impairment losses | 2,491 | 9 | 189 | 2,689 |
| 5,689 | 6 | (1) | 5,694 |
| Impairment losses | (1,147) | (11) | 25 | (1,133) |
| (1,030) | (8) | 12 | (1,026) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 1,344 | (2) | 214 | 1,556 |
| 4,659 | (2) | 11 | 4,668 |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 1,397.9 | 5.8 | (9.5) | 1,394.2 |
| 1,745.8 | 6.3 | (11.6) | 1,740.5 |
| Loans and advances to customers - gross | 442.8 | 5.8 | (5.1) | 443.5 |
| 498.0 | 6.3 | (5.5) | 498.8 |
| Customer deposits | 400.3 | - | (0.1) | 400.2 |
| 422.6 | - | (0.1) | 422.5 |
| Risk elements in lending | 10.2 | 0.2 | (0.2) | 10.2 |
| 9.0 | 0.1 | (0.2) | 8.9 |
| Risk-weighted assets | 373.3 | 2.0 | (7.9) | 367.4 |
| 401.1 | 1.8 | (9.2) | 393.7 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2009 |
| Quarter ended 31 March 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 189 | 15 | (9) | 195 |
| 322 | 12 | (6) | 328 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | (1,072) | (201) | - | (1,273) |
| (2,342) | (9) | - | (2,351) |
| Insurance net premium income | 196 | - | - | 196 |
| 244 | - | - | 244 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | (876) | (201) | - | (1,077) |
| (2,098) | (9) | - | (2,107) |
|
|
|
|
|
|
|
|
|
|
|
| Total income | (687) | (186) | (9) | (882) |
| (1,776) | 3 | (6) | (1,779) |
| Operating expenses | (537) | (3) | - | (540) |
| (699) | (2) | - | (701) |
|
|
|
|
|
|
|
|
|
|
|
| Loss before other operating charges | (1,224) | (189) | (9) | (1,422) |
| (2,475) | 1 | (6) | (2,480) |
| Insurance net claims | (137) | - | - | (137) |
| (177) | - | - | (177) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss before impairment losses | (1,361) | (189) | (9) | (1,559) |
| (2,652) | 1 | (6) | (2,657) |
| Impairment losses | (3,516) | (25) | 11 | (3,530) |
| (1,828) | (12) | 8 | (1,832) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (4,877) | (214) | 2 | (5,089) |
| (4,480) | (11) | 2 | (4,489) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 246.5 | 9.5 | (5.8) | 250.2 |
| 314.7 | 11.6 | (6.3) | 320.0 |
| Loans and advances to customers - gross | 164.1 | 5.1 | (5.8) | 163.4 |
| 183.7 | 5.5 | (6.3) | 182.9 |
| Customer deposits | 15.0 | 0.1 | - | 15.1 |
| 23.7 | 0.1 | - | 23.8 |
| Risk elements in lending | 20.5 | 0.2 | (0.2) | 20.5 |
| 14.7 | 0.2 | (0.1) | 14.8 |
| Risk-weighted assets | 174.0 | 7.9 | (2.0) | 179.9 |
| 174.4 | 9.2 | (1.8) | 181.8 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Half year ended 30 June 2010 |
| Half year ended 30 June 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 6,247 | 38 | (39) | 6,246 |
| 6,349 | 15 | (27) | 6,337 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 7,456 | - | 154 | 7,610 |
| 8,688 | - | 210 | 8,898 |
| Insurance net premium income | 2,226 | - | - | 2,226 |
| 2,217 | - | - | 2,217 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 9,682 | - | 154 | 9,836 |
| 10,905 | - | 210 | 11,115 |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 15,929 | 38 | 115 | 16,082 |
| 17,254 | 15 | 183 | 17,452 |
| Operating expenses | (7,285) | (2) | 5 | (7,282) |
| (7,497) | - | 5 | (7,492) |
|
|
|
|
|
|
|
|
|
|
|
| Profit before other operating charges | 8,644 | 36 | 120 | 8,800 |
| 9,757 | 15 | 188 | 9,960 |
| Insurance net claims | (2,111) | - | - | (2,111) |
| (1,577) | - | - | (1,577) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit before impairment losses | 6,533 | 36 | 120 | 6,689 |
| 8,180 | 15 | 188 | 8,383 |
| Impairment losses | (2,068) | (43) | 250 | (1,861) |
| (2,177) | (19) | 37 | (2,159) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 4,465 | (7) | 370 | 4,828 |
| 6,003 | (4) | 225 | 6,224 |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 1,387.6 | 5.6 | (10.7) | 1,382.5 |
| 1,397.9 | 5.8 | (9.5) | 1,394.2 |
| Loans and advances to customers - gross | 428.9 | 5.6 | (5.0) | 429.5 |
| 442.8 | 5.8 | (5.1) | 443.5 |
| Customer deposits | 413.5 | - | (0.1) | 413.4 |
| 400.3 | - | (0.1) | 400.2 |
| Risk elements in lending | 14.7 | 0.5 | (1.3) | 13.9 |
| 10.2 | 0.2 | (0.2) | 10.2 |
| Risk-weighted assets | 298.9 | 3.1 | (9.4) | 292.6 |
| 373.3 | 2.0 | (7.9) | 367.4 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Half year ended 30 June 2010 |
| Half year ended 30 June 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 971 | 39 | (38) | 972 |
| 511 | 27 | (15) | 523 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 495 | (154) | - | 341 |
| (3,414) | (210) | - | (3,624) |
| Insurance net premium income | 341 | - | - | 341 |
| 440 | - | - | 440 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 836 | (154) | - | 682 |
| (2,974) | (210) | - | (3,184) |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 1,807 | (115) | (38) | 1,654 |
| (2,463) | (183) | (15) | (2,661) |
| Operating expenses | (1,248) | (5) | 2 | (1,251) |
| (1,236) | (5) | - | (1,241) |
|
|
|
|
|
|
|
|
|
|
|
| Profit/(loss) before other operating charges | 559 | (120) | (36) | 403 |
| (3,699) | (188) | (15) | (3,902) |
| Insurance net claims | (348) | - | - | (348) |
| (314) | - | - | (314) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit/(loss) before impairment losses | 211 | (120) | (36) | 55 |
| (4,013) | (188) | (15) | (4,216) |
| Impairment losses | (3,094) | (250) | 43 | (3,301) |
| (5,344) | (37) | 19 | (5,362) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (2,883) | (370) | 7 | (3,246) |
| (9,357) | (225) | 4 | (9,578) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 193.3 | 10.7 | (5.6) | 198.4 |
| 246.5 | 9.5 | (5.8) | 250.2 |
| Loans and advances to customers - gross | 126.4 | 5.0 | (5.6) | 125.8 |
| 164.1 | 5.1 | (5.8) | 163.4 |
| Customer deposits | 7.4 | 0.1 | - | 7.5 |
| 15.0 | 0.1 | - | 15.1 |
| Risk elements in lending | 22.0 | 1.3 | (0.5) | 22.8 |
| 20.5 | 0.2 | (0.2) | 20.5 |
| Risk-weighted assets | 175.0 | 9.4 | (3.1) | 181.3 |
| 174.0 | 7.9 | (2.0) | 179.9 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Year ended 31 December 2009 | |||
|
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
|
|
|
|
|
|
| Core |
|
|
|
|
|
|
|
|
|
|
| Net interest income | 12,319 | 49 | (59) | 12,309 |
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 14,925 | - | 151 | 15,076 |
| Insurance net premium income | 4,482 | - | - | 4,482 |
|
|
|
|
|
|
| Non-interest income | 19,407 | - | 151 | 19,558 |
|
|
|
|
|
|
| Total income | 31,726 | 49 | 92 | 31,867 |
| Operating expenses | (14,954) | (1) | 10 | (14,945) |
|
|
|
|
|
|
| Profit before other operating charges | 16,772 | 48 | 102 | 16,922 |
| Insurance net claims | (3,769) | -- | - | (3,769) |
|
|
|
|
|
|
| Operating profit before impairment losses | 13,003 | 48 | 102 | 13,153 |
| Impairment losses | (4,678) | (42) | 144 | (4,576) |
|
|
|
|
|
|
| Operating profit | 8,325 | 6 | 246 | 8,577 |
|
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 1,301.6 | 6.1 | (9.9) | 1,297.8 |
| Loans and advances to customers - gross | 420.2 | 6.1 | (5.3) | 421.0 |
| Customer deposits | 401.7 | - | (0.1) | 401.6 |
| Risk elements in lending | 12.1 | 0.3 | (0.5) | 11.9 |
| Risk-weighted assets | 394.5 | 2.7 | (9.5) | 387.7 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Year ended 31 December 2009 | |||
|
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
| Net interest income | 1,248 | 59 | (49) | 1,258 |
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | (4,333) | (151) | - | (4,484) |
| Insurance net premium income | 784 | - | - | 784 |
|
|
|
|
|
|
| Non-interest income | (3,549) | (151) | - | (3,700) |
|
|
|
|
|
|
| Total income | (2,301) | (92) | (49) | (2,442) |
| Operating expenses | (2,447) | (10) | 1 | (2,456) |
|
|
|
|
|
|
| Loss before other operating charges | (4,748) | (102) | (48) | (4,898) |
| Insurance net claims | (588) | - | - | (588) |
|
|
|
|
|
|
| Operating loss before impairment losses | (5,336) | (102) | (48) | (5,486) |
| Impairment losses | (9,221) | (144) | 42 | (9,323) |
|
|
|
|
|
|
| Operating loss | (14,557) | (246) | (6) | (14,809) |
|
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 220.9 | 9.9 | (6.1) | 224.7 |
| Loans and advances to customers - gross | 149.5 | 5.3 | (6.1) | 148.7 |
| Customer deposits | 12.6 | 0.1 | - | 12.7 |
| Risk elements in lending | 22.9 | 0.5 | (0.3) | 23.1 |
| Risk-weighted assets | 171.3 | 9.5 | (2.7) | 178.1 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2010 |
| Quarter ended 31 March 2010 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Global Banking & Markets | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 335 | - |
- | 335 |
| 379 | - |
- | 379 |
| Non-interest income | 1,943 | ‑ | 150 | 2,093 |
| 2,413 | - |
4 | 2,417 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (634) | - |
- | (634) |
| (891) | - |
- | (891) |
| - other costs | (237) | - |
- | (237) |
| (229) | - |
- | (229) |
| Indirect expenses | (162) | - |
- | (162) |
| (174) | - |
- | (174) |
| Impairment losses | (164) | - |
- | (164) |
| (32) | - |
- | (32) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 1,081 | - | 150 | 1,231 |
| 1,466 | - | 4 | 1,470 |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances (including banks) | 128.9 | - |
- | 128.9 |
| 133.5 | - | - | 133.5 |
| Reverse repos | 85.6 | - | - | 85.6 |
| 93.1 | - | - | 93.1 |
| Securities | 109.8 | - | (0.1) | 109.7 |
| 116.6 | - | (0.1) | 116.5 |
| Cash and eligible bills | 41.2 | - | - | 41.2 |
| 61.9 | - | - | 61.9 |
| Other | 34.5 | - | - | 34.5 |
| 38.6 | - | - | 38.6 |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (excluding derivatives mark to market) | 400.0 | - | (0.1) | 399.9 |
| 443.7 | - | (0.1) | 443.6 |
| Net derivative assets (after netting) | 52.1 | - | (5.4) | 46.7 |
| 66.9 | - | (4.8) | 62.1 |
| Customer deposits (excluding repos) | 45.6 | - | - | 45.6 |
| 47.0 | - | - | 47.0 |
| Risk elements in lending | 1.8 | - | - | 1.8 |
| 1.2 | - | - | 1.2 |
| Risk-weighted assets | 141.3 | - | (4.8) | 136.5 |
| 141.8 | - | (6.6) | 135.2 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 31 December 2009 |
| Quarter ended 30 September 2010 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Global Banking & Markets | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 324 | - | - | 324 |
| 447 | - | - | 447 |
| Non-interest income | 1,745 | - | (110) | 1,635 |
| 1,298 | ‑ | 51 | 1,349 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (641) | - | - | (641) |
| (721) | - |
| (721) |
| - other costs | (247) | - | - | (247) |
| (240) | - |
| (240) |
| Indirect expenses | (180) | - | - | (180) |
| (191) | - |
| (191) |
| Impairment losses | (130) | - | - | (130) |
| (272) | - |
| (272) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 871 | - | (110) | 761 |
| 321 | - | 51 | 372 |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances (including banks) | 127.8 | - | - | 127.8 |
| 156.3 | - | - | 156.3 |
| Reverse repos | 73.3 | - | - | 73.3 |
| 75.4 | - | - | 75.4 |
| Securities | 106.0 | - |
(0.1) | 105.9 |
| 117.6 | - | (0.1) | 117.5 |
| Cash and eligible bills | 74.0 | - | - | 74.0 |
| 63.8 | - | - | 63.8 |
| Other | 31.1 | - | - | 31.1 |
| 46.0 | - | - | 46.0 |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (excluding derivatives mark to market) | 412.2 | - | (0.1) | 412.1 |
| 459.1 | - | (0.1) | 459.0 |
| Net derivative assets (after netting) | 68.0 | - | (4.2) | 63.8 |
| 84.3 | - | (4.5) | 79.8 |
| Customer deposits (excluding repos) | 46.9 | - | - | 46.9 |
| 56.8 | - | - | 56.8 |
| Risk elements in lending | 1.8 | - | - | 1.8 |
| 1.6 | - | - | 1.6 |
| Risk-weighted assets | 123.7 | - | (5.1) | 118.6 |
| 121.5 | - | (5.5) | 116.0 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2009 |
| Quarter ended 31 March 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Global Banking & Markets | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 660 | - | - | 660 | ` | 812 | - | - | 812 |
| Non-interest income | 1,443 | - | 202 | 1,645 |
| 4,280 | - |
9 | 4,289 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (680) | - | - | (680) |
| (888) | - | - | (888) |
| - other costs | (204) | - | - | (204) |
| (274) | - | - | (274) |
| Indirect expenses | (201) | - | - | (201) |
| (193) | - | - | (193) |
| Impairment losses | 31 | - | - | 31 |
| (269) | - | - | (269) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 1,049 | - | 202 | 1,251 |
| 3,468 | - | 9 | 3,477 |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances (including banks) | 155.2 | - | - | 155.2 |
| 205.3 | - | - | 205.3 |
| Reverse repos | 75.2 | - | - | 75.2 |
| 80.6 | - | - | 80.6 |
| Securities | 115.5 | - | (0.1) | 115.4 |
| 124.3 | - | (0.2) | 124.1 |
| Cash and eligible bills | 51.5 | - | - | 51.5 |
| 28.6 | - | - | 28.6 |
| Other | 40.5 | - | - | 40.5 |
| 37.4 | - | - | 37.4 |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (excluding derivatives mark to market) | 437.9 | - | (0.1) | 437.8 |
| 476.2 | - | (0.2) | 476.0 |
| Net derivative assets (after netting) | 80.7 | - | (4.1) | 76.6 |
| 99.8 | - | (5.6) | 94.2 |
| Customer deposits (excluding repos) | 63.4 | - | - | 63.4 |
| 80.1 | - | - | 80.1 |
| Risk elements in lending | 1.1 | - | - | 1.1 |
| 0.8 | - | - | 0.8 |
| Risk-weighted assets | 112.5 | - | (4.6) | 107.9 |
| 137.9 | - | (6.5) | 131.4 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Half year ended 30 June 2010 |
| Half year ended 30 June 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Global Banking & Markets | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 714 | - | - | 714 |
| 1,472 | - | - | 1,472 |
| Non-interest income | 4,356 | - | 154 | 4,510 |
| 5,723 | - | 211 | 5,934 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (1,525) | - | - | (1,525) |
| (1,568) | - | - | (1,568) |
| - other costs | (466) | - | - | (466) |
| (478) | - | - | (478) |
| Indirect expenses | (336) | - | - | (336) |
| (394) | - | - | (394) |
| Impairment losses | (196) | - | - | (196) |
| (238) | - | - | (238) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit | 2,547 | - | 154 | 2,701 |
| 4,517 | - | 211 | 4,728 |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances (including banks) | 128.9 | - |
- | 128.9 |
| 155.2 | - | - | 155.2 |
| Reverse repos | 85.6 | - | - | 85.6 |
| 75.2 | - | - | 75.2 |
| Securities | 109.8 | - | (0.1) | 109.7 |
| 115.5 | - | (0.1) | 115.4 |
| Cash and eligible bills | 41.2 | - | - | 41.2 |
| 51.5 | - | - | 51.5 |
| Other | 34.5 | - | - | 34.5 |
| 40.5 | - | - | 40.5 |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (excluding derivatives mark to market) | 400.0 | - | (0.1) | 399.9 |
| 437.9 | - | (0.1) | 437.8 |
| Net derivative assets (after netting) | 52.1 | - | (5.4) | 46.7 |
| 80.7 | - | (4.1) | 76.6 |
| Customer deposits (excluding repos) | 45.6 | - | - | 45.6 |
| 63.4 | - | - | 63.4 |
| Risk elements in lending | 1.8 | - | - | 1.8 |
| 1.1 | - | - | 1.1 |
| Risk-weighted assets | 141.3 | - | (4.8) | 136.5 |
| 112.5 | - | (4.6) | 107.9 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Year ended 31 December 2009 | |||
|
| As reported | Transfers in | Transfers out | Revised |
| Global Banking & Markets | £m | £m | £m | £m |
|
|
|
|
|
|
| Net interest income | 2,243 | - | - | 2,243 |
| Non-interest income | 8,766 | - | 152 | 8,918 |
| Direct expenses |
|
|
|
|
| - staff costs | (2,930) | - | - | (2,930) |
| - other costs | (965) | - | - | (965) |
| Indirect expenses | (765) | - | - | (765) |
| Impairment losses | (640) | - | - | (640) |
|
|
|
|
|
|
| Operating profit | 5,709 | - | 152 | 5,861 |
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
| Loans and advances (including banks) | 127.8 | - | - | 127.8 |
| Reverse repos | 73.3 | - | - | 73.3 |
| Securities | 106.0 | - | (0.1) | 105.9 |
| Cash and eligible bills | 74.0 | - | - | 74.0 |
| Other | 31.1 | - | - | 31.1 |
|
|
|
|
|
|
| Total third party assets (excluding derivatives mark to market) | 412.2 | - | (0.1) | 412.1 |
| Net derivative assets (after netting) | 68.0 | - | (4.2) | 63.8 |
| Customer deposits (excluding repos) | 46.9 | - | - | 46.9 |
| Risk elements in lending | 1.8 | - | - | 1.8 |
| Risk-weighted assets | 123.7 | - | (5.1) | 118.6 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2010 |
| Quarter ended 31 March 2010 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Ulster Bank | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 194 | 19 | (20) | 193 |
| 188 | 19 | (19) | 188 |
| Non-interest income | 53 | - | - | 53 |
| 53 | - | - | 53 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (60) | (1) | 3 | (58) |
| (66) | (1) | 2 | (65) |
| - other costs | (17) | - | - | (17) |
| (18) | - | - | (18) |
| Indirect expenses | (66) | - | - | (66) |
| (76) | - | - | (76) |
| Impairment losses | (281) | (23) | 128 | (176) |
| (218) | (20) | 122 | (116) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (177) | (5) | 111 | (71) |
| (137) | (2) | 105 | (34) |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances to customers | 36.2 | 5.6 | (5.0) | 36.8 |
| 38.8 | 6.1 | (5.3) | 39.6 |
| Customer deposits | 22.7 | - | (0.1) | 22.6 |
| 23.7 | - | (0.1) | 23.6 |
| Risk elements in lending | 3.5 | 0.5 | (1.3) | 2.7 |
| 3.0 | 0.4 | (1.0) | 2.4 |
| Risk-weighted assets | 30.5 | 3.1 | (4.6) | 29.0 |
| 32.8 | 3.2 | (5.6) | 30.4 |
|
| Quarter ended 31 December 2009 |
| Quarter ended 30 September 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Ulster Bank | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 194 | 18 | (17) | 195 |
| 176 | 16 | (15) | 177 |
| Non-interest income | 91 | - | - | 91 |
| 55 | - | - | 55 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (76) | (1) | 3 | (74) |
| (79) | - | 2 | (77) |
| - other costs | (18) | - | - | (18) |
| (20) | - | - | (20) |
| Indirect expenses | (118) | - | - | (118) |
| (73) | - | - | (73) |
| Impairment losses | (348) | (16) | 85 | (279) |
| (144) | (7) | 22 | (129) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (275) | 1 | 71 | (203) |
| (85) | 9 | 9 | (67) |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances to customers | 39.7 | 6.1 | (5.3) | 40.5 |
| 40.6 | 6.3 | (5.4) | 41.5 |
| Customer deposits | 21.9 | - | (0.1) | 21.8 |
| 20.9 | - | (0.1) | 20.8 |
| Risk elements in lending | 2.3 | 0.3 | (0.5) | 2.1 |
| 2.0 | 0.3 | (0.4) | 1.9 |
| Risk-weighted assets | 29.9 | 2.7 | (4.4) | 28.2 |
| 28.5 | 2.1 | (4.1) | 26.5 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2009 |
| Quarter ended 31 March 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Ulster Bank | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 208 | 9 | (15) | 202 |
| 202 | 6 | (12) | 196 |
| Non-interest income | 51 | - | (1) | 50 |
| 57 | - | - | 57 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (81) | - | 2 | (79) |
| (89) | - | 2 | (87) |
| - other costs | (25) | - | 1 | (24) |
| (22) | - | ‑ | (22) |
| Indirect expenses | (75) | - | - | (75) |
| (77) | - | - | (77) |
| Impairment losses | (90) | (11) | 25 | (76) |
| (67) | (8) | 12 | (63) |
|
|
|
|
|
|
|
|
|
|
|
| Operating (loss)/profit | (12) | (2) | 12 | (2) |
| 4 | (2) | 2 | 4 |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances to customers | 39.0 | 5.8 | (5.1) | 39.7 |
| 42.2 | 6.3 | (5.5) | 43.0 |
| Customer deposits | 18.9 | - | (0.1) | 18.8 |
| 19.5 | - | (0.1) | 19.4 |
| Risk elements in lending | 1.6 | 0.2 | (0.2) | 1.6 |
| 1.5 | 0.1 | (0.2) | 1.4 |
| Risk-weighted assets | 26.2 | 2.0 | (3.3) | 24.9 |
| 26.2 | 1.8 | (2.7) | 25.3 |
|
| Half year ended 30 June 2010 |
| Half year ended 30 June 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
| Ulster Bank | £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 382 | 38 | (39) | 381 |
| 410 | 15 | (27) | 398 |
| Non-interest income | 106 | - | - | 106 |
| 108 | - | (1) | 107 |
| Direct expenses |
|
|
|
|
|
|
|
|
|
| - staff costs | (126) | (2) | 5 | (123) |
| (170) | - | 4 | (166) |
| - other costs | (35) | - | - | (35) |
| (47) | - | 1 | (46) |
| Indirect expenses | (142) | - | - | (142) |
| (152) | - | - | (152) |
| Impairment losses | (499) | (43) | 250 | (292) |
| (157) | (19) | 37 | (139) |
|
|
|
|
|
|
|
|
|
|
|
| Operating (loss)/profit | (314) | (7) | 216 | (105) |
| (8) | (4) | 14 | 2 |
|
|
|
|
|
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Loans and advances to customers | 36.2 | 5.6 | (5.0) | 36.8 |
| 39.0 | 5.8 | (5.1) | 39.7 |
| Customer deposits | 22.7 | - | (0.1) | 22.6 |
| 18.9 | - | (0.1) | 18.8 |
| Risk elements in lending | 3.5 | 0.5 | (1.3) | 2.7 |
| 1.6 | 0.2 | (0.2) | 1.6 |
| Risk-weighted assets | 30.5 | 3.1 | (4.6) | 29.0 |
| 26.2 | 2.0 | (3.3) | 24.9 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Year ended 31 December 2009 | |||
|
| As reported | Transfers in | Transfers out | Revised |
| Ulster Bank | £m | £m | £m | £m |
|
|
|
|
|
|
| Net interest income | 780 | 49 | (59) | 770 |
| Non-interest income | 254 | - | (1) | 253 |
| Direct expenses |
|
|
|
|
| - staff costs | (325) | (1) | 9 | (317) |
| - other costs | (85) | - | 1 | (84) |
| Indirect expenses | (343) | - | - | (343) |
| Impairment losses | (649) | (42) | 144 | (547) |
|
|
|
|
|
|
| Operating loss | (368) | 6 | 94 | (268) |
|
|
|
|
|
|
|
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
| Loans and advances to customers | 39.7 | 6.1 | (5.3) | 40.5 |
| Customer deposits | 21.9 | - | (0.1) | 21.8 |
| Risk elements in lending | 2.3 | 0.3 | (0.5) | 2.1 |
| Risk-weighted assets | 29.9 | 2.7 | (4.4) | 28.2 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2010 |
| Quarter ended 31 March 2010 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 534 | 20 | (19) | 535 |
| 568 | 19 | (19) | 568 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 166 | (150) | - | 16 |
| 198 | (4) | - | 194 |
| Insurance net premium income | 173 | - | - | 173 |
| 168 | - | - | 168 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 339 | (150) | - | 189 |
| 366 | (4) | - | 362 |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 873 | (130) | (19) | 724 |
| 934 | 15 | (19) | 930 |
| Operating expenses | (592) | (3) | 1 | (594) |
| (656) | (2) | 1 | (657) |
|
|
|
|
|
|
|
|
|
|
|
| Profit before other operating charges | 281 | (133) | (18) | 130 |
| 278 | 13 | (18) | 273 |
| Insurance net claims | (215) | - | - | (215) |
| (133) | - | - | (133) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit before impairment losses | 66 | (133) | (18) | (85) |
| 145 | 13 | (18) | 140 |
| Impairment losses | (1,390) | (128) | 23 | (1,495) |
| (1,704) | (122) | 20 | (1,806) |
|
|
|
|
|
|
|
|
|
|
|
| Operating (loss) | (1,324) | (261) | 5 | (1,580) |
| (1,559) | (109) | 2 | (1,666) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 193.3 | 10.7 | (5.6) | 198.4 |
| 212.6 | 10.5 | (6.1) | 217.0 |
| Loans and advances to customers - gross | 126.4 | 5.0 | (5.6) | 125.8 |
| 141.2 | 5.3 | (6.1) | 140.4 |
| Customer deposits | 7.4 | 0.1 | - | 7.5 |
| 10.2 | 0.1 | - | 10.3 |
| Risk elements in lending | 22.0 | 1.3 | (0.5) | 22.8 |
| 24.0 | 1.0 | (0.4) | 24.6 |
| Risk-weighted assets | 175.0 | 9.4 | (3.1) | 181.3 |
| 164.3 | 12.2 | (3.2) | 173.3 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 31 December 2009 |
| Quarter ended 30 September 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 578 | 17 | (18) | 577 |
| 287 | 15 | (16) | 286 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | (641) | 110 | - | (531) |
| (406) | (51) | - | (457) |
| Insurance net premium income | 171 | - | - | 171 |
| 173 | - | - | 173 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | (470) | 110 | - | (360) |
| (233) | (51) | - | (284) |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 108 | 127 | (18) | 217 |
| 54 | (36) | (16) | 2 |
| Operating expenses | (685) | (3) | 1 | (687) |
| (526) | (2) | - | (528) |
|
|
|
|
|
|
|
|
|
|
|
| (Loss) before other operating charges | (577) | 124 | (17) | (470) |
| (472) | (38) | (16) | (526) |
| Insurance net claims | (148) | - | - | (148) |
| (126) | - | - | (126) |
|
|
|
|
|
|
|
|
|
|
|
| Operating (loss) before impairment losses | (725) | 124 | (17) | (618) |
| (598) | (38) | (16) | (652) |
| Impairment losses | (1,811) | (85) | 16 | (1,880) |
| (2,066) | (22) | 7 | (2,081) |
|
|
|
|
|
|
|
|
|
|
|
| Operating (loss) | (2,536) | 39 | (1) | (2,498) |
| (2,664) | (60) | (9) | (2,733) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 220.9 | 9.9 | (6.1) | 224.7 |
| 233.0 | 10.3 | (6.3) | 237.0 |
| Loans and advances to customers - gross | 149.5 | 5.3 | (6.1) | 148.7 |
| 159.1 | 5.4 | (6.3) | 158.2 |
| Customer deposits | 12.6 | 0.1 | - | 12.7 |
| 16.0 | 0.1 | - | 16.1 |
| Risk elements in lending | 22.9 | 0.5 | (0.3) | 23.1 |
| 23.3 | 0.4 | (0.3) | 23.4 |
| Risk-weighted assets | 171.3 | 9.5 | (2.7) | 178.1 |
| 200.7 | 9.6 | (2.1) | 208.2 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Quarter ended 30 June 2009 |
| Quarter ended 31 March 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 274 | 15 | (9) | 280 |
| 395 | 12 | (6) | 401 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | (1,157) | (201) | - | (1,358) |
| (2,415) | (9) | - | (2,424) |
| Insurance net premium income | 196 | - | - | 196 |
| 244 | - | - | 244 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | (961) | (201) | - | (1,162) |
| (2,171) | (9) | - | (2,180) |
|
|
|
|
|
|
|
|
|
|
|
| Total income | (687) | (186) | (9) | (882) |
| (1,776) | 3 | (6) | (1,779) |
| Operating expenses | (537) | (3) | - | (540) |
| (699) | (2) | - | (701) |
|
|
|
|
|
|
|
|
|
|
|
| Loss before other operating charges | (1,224) | (189) | (9) | (1,422) |
| (2,475) | 1 | (6) | (2,480) |
| Insurance net claims | (137) | - | - | (137) |
| (177) | - | - | (177) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss before impairment losses | (1,361) | (189) | (9) | (1,559) |
| (2,652) | 1 | (6) | (2,657) |
| Impairment losses | (3,516) | (25) | 11 | (3,530) |
| (1,828) | (12) | 8 | (1,832) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (4,877) | (214) | 2 | (5,089) |
| (4,480) | (11) | 2 | (4,489) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 246.5 | 9.5 | (5.8) | 250.2 |
| 314.7 | 11.6 | (6.3) | 320.0 |
| Loans and advances to customers - gross | 164.1 | 5.1 | (5.8) | 163.4 |
| 183.7 | 5.5 | (6.3) | 182.9 |
| Customer deposits | 15.0 | 0.1 | - | 15.1 |
| 23.7 | 0.1 | - | 23.8 |
| Risk elements in lending | 20.5 | 0.2 | (0.2) | 20.5 |
| 14.7 | 0.2 | (0.1) | 14.8 |
| Risk-weighted assets | 174.0 | 7.9 | (2.0) | 179.9 |
| 174.4 | 9.2 | (1.8) | 181.8 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Half year ended 30 June 2010 |
| Half year ended 30 June 2009 | ||||||
|
| As reported | Transfers in | Transfers out | Revised |
| As reported | Transfers in | Transfers out | Revised |
|
| £m | £m | £m | £m |
| £m | £m | £m | £m |
|
|
|
|
|
|
|
|
|
|
|
| Non-Core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income | 1,102 | 39 | (38) | 1,103 |
| 669 | 27 | (15) | 681 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | 364 | (154) | - | 210 |
| (3,572) | (210) | - | (3,782) |
| Insurance net premium income | 341 | - | - | 341 |
| 440 | - | - | 440 |
|
|
|
|
|
|
|
|
|
|
|
| Non-interest income | 705 | (154) | - | 551 |
| (3,132) | (210) | - | (3,342) |
|
|
|
|
|
|
|
|
|
|
|
| Total income | 1,807 | (115) | (38) | 1,654 |
| (2,463) | (183) | (15) | (2,661) |
| Operating expenses | (1,248) | (5) | 2 | (1,251) |
| (1,236) | (5) | - | (1,241) |
|
|
|
|
|
|
|
|
|
|
|
| Profit/(loss) before other operating charges | 559 | (120) | (36) | 403 |
| (3,699) | (188) | (15) | (3,902) |
| Insurance net claims | (348) | - | - | (348) |
| (314) | - | - | (314) |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit/(loss) before impairment losses | 211 | (120) | (36) | 55 |
| (4,013) | (188) | (15) | (4,216) |
| Impairment losses | (3,094) | (250) | 43 | (3,301) |
| (5,344) | (37) | 19 | (5,362) |
|
|
|
|
|
|
|
|
|
|
|
| Operating loss | (2,883) | (370) | 7 | (3,246) |
| (9,357) | (225) | 4 | (9,578) |
|
| £bn | £bn | £bn | £bn |
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 193.3 | 10.7 | (5.6) | 198.4 |
| 246.5 | 9.5 | (5.8) | 250.2 |
| Loans and advances to customers - gross | 126.4 | 5.0 | (5.6) | 125.8 |
| 164.1 | 5.1 | (5.8) | 163.4 |
| Customer deposits | 7.4 | 0.1 | - | 7.5 |
| 15.0 | 0.1 | - | 15.1 |
| Risk elements in lending | 22.0 | 1.3 | (0.5) | 22.8 |
| 20.5 | 0.2 | (0.2) | 20.5 |
| Risk-weighted assets | 175.0 | 9.4 | (3.1) | 181.3 |
| 174.0 | 7.9 | (2.0) | 179.9 |
Appendix 5 - Indicative impact of future transfers (continued)
|
| Year ended 31 December 2009 | |||
|
| As reported | Transfers in | Transfers out | Revised |
| Non-Core | £m | £m | £m | £m |
|
|
|
|
|
|
| Net interest income | 1,534 | 59 | (49) | 1,544 |
|
|
|
|
|
|
| Non-interest income (excluding insurance net premium income) | (4,619) | (151) | - | (4,770) |
| Insurance net premium income | 784 | - | - | 784 |
|
|
|
|
|
|
| Non-interest income | (3,835) | (151) | - | (3,986) |
|
|
|
|
|
|
| Total income | (2,301) | (92) | (49) | (2,442) |
| Operating expenses | (2,447) | (10) | 1 | (2,456) |
|
|
|
|
|
|
| Loss before other operating charges | (4,748) | (102) | (48) | (4,898) |
| Insurance net claims | (588) | - | - | (588) |
|
|
|
|
|
|
| Operating loss before impairment losses | (5,336) | (102) | (48) | (5,486) |
| Impairment losses | (9,221) | (144) | 42 | (9,323) |
|
|
|
|
|
|
| Operating loss | (14,557) | (246) | (6) | (14,809) |
|
| £bn | £bn | £bn | £bn |
|
|
|
|
|
|
| Total third party assets (including derivatives mark to market) | 220.9 | 9.9 | (6.1) | 224.7 |
| Loans and advances to customers - gross | 149.5 | 5.3 | (6.1) | 148.7 |
| Customer deposits | 12.6 | 0.1 | - | 12.7 |
| Risk elements in lending | 22.9 | 0.5 | (0.3) | 23.1 |
| Risk-weighted assets | 171.3 | 9.5 | (2.7) | 178.1 |