Summary consolidated income statement for the year ended 31 December 2006 (statutory basis)
| 2006 £m |
2005 £m |
|
| Net interest income | 10,596 | 9,918 |
| Non-interest income (excluding net insurance premium income) | 11,433 | 10,205 |
| Net insurance premium income | 5,973 | 5,779 |
| Non-interest income | 17,406 | 15,984 |
| Total income | 28,002 | 25,902 |
| Administrative expenses | 10,802 | 10,121 |
| Depreciation and amortisation | 1,678 | 1,825 |
| Operating expenses* | 12,480 | 11,946 |
| Profit before other operating charges | 15,522 | 13,956 |
| Insurance net claims | 4,458 | 4,313 |
| Impairment losses | 1,878 | 1,707 |
| Operating profit before tax | 9,186 | 7,936 |
| Tax | 2,689 | 2,378 |
| Profit for the year | 6,497 | 5,558 |
| Profit attributable to: | ||
| Minority interests | 104 | 57 |
| Preference shareholders | 191 | 109 |
| Ordinary shareholders | 6,202 | 5,392 |
| 6,497 | 5,558 | |
| Earnings per 25p ordinary share | 194.7p | 169.4p |
| Diluted earnings per 25p ordinary share | 193.2p | 168.3p |
* Integration costs included in operating expenses comprise:
| 2006 £m |
2005 £m |
|
| Administrative expenses | 118 | 318 |
| Depreciation and amortisation | 16 | 140 |
| 134 | 458 |
Directors' remuneration
| 2006 £000 |
2005 £000 |
|
| Non-executive directors – emoluments | 998 | 924 |
| Chairman and executive directors – emoluments | 19,448 | 8,994 |
| – contributions and allowances in respect of defined contribution pension schemes | 101 | 220 |
| 20,547 | 10,138 | |
| – amounts receivable under long-term incentive plans | 3,997 | 4,778 |
| – gains on exercise of share options | 2 | 11 |
| 24,546 | 14,927 |
Retirement benefits are accruing to five directors (2005 – four) under defined benefit schemes, two (2005 – two) of whom also accrued benefits under defined contribution schemes.
The comparative figures for directors' remuneration include remuneration of directors who did not serve during the year ended 31 December 2006.
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