Key financials
| Pro forma | Statutory | |||
|---|---|---|---|---|
| for the year ended 31 December | 2008 £m |
2007 £m |
2008 £m |
2007 £m |
| Total income (1) | 26,875 | 33,564 | 25,868 | 30,366 |
| Underlying profit (2) | 80 | 10,314 | — | — |
| (Loss)/profit before tax (3) | (8,127) | 8,962 | (40,667) | 9,832 |
| (Loss)/profit attributable to ordinary shareholders | (24,051) | 6,823 | (24,137) | 7,303 |
| Cost:income ratio (4) | 59.2% | 49.5% | 208.9% | 45.9% |
| Basic (loss)/earnings per share (pence) (5) | (61.0p) | 40.8p | (145.7p) | 64.0p |
| Adjusted (loss)/earnings per share (pence) (5, 6) | (5.2p) | 44.5p | — | — |
| Pro forma | Statutory | |||
|---|---|---|---|---|
| at 31 December | 2008 £m |
2007 £m |
2008 £m |
2007 £m |
| Total assets | 2,218,693 | 1,595,066 | 2,401,652 | 1,840,829 |
| Loans and advances to customers | 731,165 | 700,191 | 874,722 | 828,538 |
| Deposits | 780,395 | 860,621 | 897,556 | 994,657 |
| Owners' equity | 58,879 | 53,038 | 58,879 | 53,038 |
| Risk asset ratio –Tier 1 (7) | 9.9% | 7.0% | 10.0% | 7.3% |
| – total | 14.2% | 11.3% | 14.1% | 11.2% |
Notes:
- (1)
- Pro forma total income excludes credit market write-downs and one-off items and share of shared assets. In the consolidated income statement, these items are included in total income.
- (2)
- Underlying profit represents pro forma profit before tax, credit market write-downs and one-off items impairment losses on reclassified assets, purchased intangibles amortisation, write-down of goodwill and other intangible assets, integration costs, restructuring costs and share of shared assets.
- (3)
- Pro forma excludes write-down of goodwill and other intangible assets.
- (4)
- Pro forma cost:income ratio represents operating expenses excluding purchased intangibles amortisation, write-down of goodwill and other intangible assets, integration costs, restructuring costs and share of shared assets expressed as a percentage of total income excluding credit market write-downs and one-off items.
- (5)
- Prior year per share data have been restated to reflect the rights issue in June 2008 and the capitalisation issue in September 2008.
- (6)
- Adjusted earnings per share is based on earnings adjusted for purchased intangibles amortisation, write-down of goodwill and other intangible assets, integration costs, restructuring costs, share of shared assets and credit market write-downs and one-off items.
- (7)
- 2008 data are on a Basel II basis; data for 2007 are on a Basel I basis.
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