Summary consolidated income statement for the year ended 31 December 2006
The income statement set out below shows purchased intangibles amortisation, integration costs and net gain on sale of strategic investments and subsidiaries separately. In the statutory consolidated income statement on page 139, these items are included in non-interest income and operating expenses as appropriate.
| 2006 £m |
2005 £m |
||
| Net interest income | 10,596 | 9,918 | |
| Fees and commissions receivable | 7,116 | 6,750 | |
| Fees and commissions payable | (1,922) | (1,841) | |
| Other non-interest income | 6,239 | 4,963 | |
| Insurance premium income | 6,243 | 6,076 | |
| Reinsurers’ share | (270) | (297) | |
| Non-interest income | 17,406 | 15,651 | |
| Total income | 28,002 | 25,569 | |
| Operating expenses | 12,252 | 11,298 | |
| Profit before other operating charges | 15,750 | 14,271 | |
| Insurance claims | 4,550 | 4,413 | |
| Reinsurers’ share | (92) | (100) | |
| Operating profit before impairment losses | 11,292 | 9,958 | |
| Impairment losses | 1,878 | 1,707 | |
| Profit before tax, purchased intangibles amortisation, integration costs and | |||
| net gain on sale of strategic investments and subsidiaries | 9,414 | 8,251 | |
| Amortisation of purchased intangible assets | 94 | 97 | |
| Integration costs | 134 | 458 | |
| Net gain on sale of strategic investments and subsidiaries | — | 240 | |
| Profit before tax | 9,186 | 7,936 | |
| Tax | 2,689 | 2,378 | |
| Profit for the year | 6,497 | 5,558 | |
| Minority interests | 104 | 57 | |
| Preference dividends | 191 | 109 | |
| Profit attributable to ordinary shareholders | 6,202 | 5,392 | |
| Basic earnings per ordinary share | 194.7p | 169.4p | |
| Intangibles amortisation | 2.0p | 2.0p | |
| Integration costs | 3.3p | 9.9p | |
| Net gain on sale of strategic investments and subsidiaries | — | (5.4p) | |
| Adjusted earnings per ordinary share | 200.0p | 175.9p |
© 2007