CREATING THE UK'S LEADING
FINANCIAL SERVICES PROVIDER
Addressing the key questions
GROUP RESULTS SUMMARY
Profit before tax† (£m)
† Excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy, goodwill impairment; and, in 2007, results of discontinued businesses, profit on sale of businesses and the settlement of overdraft claims; and, in 2006, the pension scheme related credit.
Income and cost
growth 2008† (%)
† Excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy, goodwill impairment; and, in 2007, results of discontinued businesses, profit on sale of businesses and the settlement of overdraft claims; and, in 2006, the pension scheme related credit.
Economic profit† (£m)
† Excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy, goodwill impairment; and, in 2007, results of discontinued businesses, profit on sale of businesses and the settlement of overdraft claims; and, in 2006, the pension scheme related credit.
DIVISIONAL RESULTS SUMMARY
Contribution to Group*
* Before impact of market dislocation and excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy and Goodwilll impairment. Also excludes central group items.
Contribution to Group*
* Before impact of market dislocation and excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy and Goodwilll impairment. Also excludes central group items.
Contribution to Group*
* Before impact of market dislocation and excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy and Goodwilll impairment. Also excludes central group items.
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This publication contains the 2008 report and accounts for Lloyds Banking Group plc (formerly Lloyds TSB Group plc).
HBOS plc was acquired by Lloyds Banking Group plc on 16 January 2009 and, accordingly, is dealt with in the accounts only as a post balance sheet event (see note 52). The 2008 report and accounts for HBOS plc therefore do not form part of this publication.