Amounts in accordance with US GAAP
| 2006 $m(1) |
2006 £m |
2005 £m |
2004 £m |
2003 £m |
2002 £m |
|
| Net income available for ordinary shareholders | 10,655 | 5,440 | 4,475 | 3,909 | 2,564 | 3,108 |
| Shareholders’ equity | 78,495 | 40,077 | 40,229 | 36,191 | 31,665 | 28,177 |
| Total assets | 1,509,718 | 770,815 | 700,386 | 631,100 | 488,046 | 430,573 |
| Other financial data based upon US GAAP | 2006 | 2005 | 2004 | 2003 | 2002 |
| Basic earnings per ordinary share – pence | 170.8 | 140.6 | 126.7 | 87.5 | 107.9 |
| Diluted earnings per ordinary share – pence (2) | 169.7 | 140.0 | 125.9 | 86.8 | 106.3 |
| Dividends earnings per ordinary share – pence | 77.3 | 60.6 | 52.5 | 45.6 | 39.7 |
| Dividend payout ratio | 45.4% | 43.1% | 40.6% | 51.9% | 36.7% |
| Return on average total assets (3) | 0.73% | 0.64% | 0.70% | 0.55% | 0.75% |
| Return on average ordinary shareholders' equity (4) | 16.0% | 13.4% | 13.2% | 9.5% | 12.1% |
| Average shareholders' equity as a percentage of average total assets |
5.3% | 5.4% | 6.3% | 6.5% | 7.3% |
| Ratio of earnings to combined fixed charges and preference share dividends (5) | |||||
| – including interest on deposits | 1.53% | 1.55% | 1.73% | 1.98% | 1.97% |
| – excluding interest on deposits | 5.39% | 5.17% | 6.34% | 7.24% | 6.49% |
| Ratio of earnings to combined fixed charges only (5) | |||||
| – including interest on deposits | 1.57% | 1.60% | 1.79% | 2.07% | 2.07% |
| – excluding interest on deposits | 6.55% | 6.56% | 8.28% | 9.96% | 9.03% |
Notes:
(1) The dollar information included above has been converted from sterling at a rate of US$1.9586, the Noon Buying Rate on 29 December 2006.
(2) All convertible preference shares have a dilutive effect in 2006 and 2005 and as such have been included in the computation of diluted earnings per share. In prior years their effect was anti-dilutive.
(3) Return on average total assets represents profit attributable to ordinary shareholders as a percentage of average total assets.
(4) Return on average ordinary shareholders’ equity represents profit attributable to ordinary shareholders expressed as a percentage of average ordinary shareholders’ equity.
(5) For this purpose, earnings consist of income before tax and minority interests, plus fixed charges less the unremitted income of associated undertakings (share of profits less dividends received). Fixed charges consist of total interest expense, including or excluding interest on deposits and debt securities in issue, as appropriate, and the proportion of rental expense deemed representative of the interest factor (one third of total rental expenses).
© 2007