FIVE YEAR financial SUMMARY
The financial information set out in the table below has been derived from the annual report and accounts of Lloyds Banking Group plc for each of the past four years. 2005 was the first year in which the annual report and accounts were prepared under International Financial Reporting Standards (IFRS). 2004 figures have been derived from the comparative information disclosed in the 2005 annual report and accounts. Under IFRS, accounting standards dealing with financial instruments (IAS 32 and IAS 39) and insurance (IFRS 4 and FRS 27) were applied only from 1 January 2005. To aid comparison, IFRS balance sheet data is presented as at 1 January 2005 rather than 31 December 2004; the 2004 IFRS income statement data is not comparable to the data for the other years presented. The financial statements for each of the years presented have been audited by PricewaterhouseCoopers LLP, independent auditors.
|
2008 |
2007 |
2006 |
2005 |
2004 |
|
|---|---|---|---|---|---|
|
Income statement data for the year ended 31 December (£m) |
|||||
|
Total income, net of insurance claims |
9,872 |
10,706 |
11,104 |
10,540 |
9,661 |
|
Operating expenses |
(6,053) |
(5,567) |
(5,301) |
(5,471) |
(5,297) |
|
Trading surplus |
3,819 |
5,139 |
5,803 |
5,069 |
4,364 |
|
Impairment |
(3,012) |
(1,796) |
(1,555) |
(1,299) |
(866) |
|
Profit before tax |
807 |
4,000 |
4,248 |
3,820 |
3,477 |
|
Profit for the year |
845 |
3,321 |
2,907 |
2,555 |
2,459 |
|
Profit for the year attributable to equity shareholders |
819 |
3,289 |
2,803 |
2,493 |
2,392 |
|
Total dividend for the year1 |
648 |
2,026 |
1,927 |
1,915 |
1,914 |
|
31 December |
31 December |
31 December |
31 December |
1 January |
|
|
Balance sheet data (£m) |
|||||
|
Share capital |
1,513 |
1,432 |
1,429 |
1,420 |
1,419 |
|
Shareholders' equity |
9,393 |
12,141 |
11,155 |
10,195 |
9,489 |
|
Net asset value per ordinary share |
155p |
212p |
195p |
180p |
167p |
|
Customer accounts |
170,938 |
156,555 |
139,342 |
131,070 |
126,349 |
|
Subordinated liabilities |
17,256 |
11,958 |
12,072 |
12,402 |
11,211 |
|
Loans and advances to customers |
242,735 |
209,814 |
188,285 |
174,944 |
161,162 |
|
Total assets |
436,033 |
353,346 |
343,598 |
309,754 |
292,854 |
|
2008 |
2007 |
2006 |
2005 |
2004 |
|
|
Share information |
|||||
|
Basic earnings per ordinary share |
14.3p |
58.3p |
49.9p |
44.6p |
42.8p |
|
Diluted earnings per ordinary share |
14.2p |
57.9p |
49.5p |
44.2p |
42.5p |
|
Total dividend per ordinary share1 |
11.4p |
35.9p |
34.2p |
34.2p |
34.2p |
|
Market price (year end) |
126.0p |
472.0p |
571.5p |
488.5p |
473p |
|
Number of shareholders (thousands) |
824 |
814 |
870 |
920 |
953 |
|
Number of ordinary shares in issue (millions)2 |
5,973 |
5,648 |
5,638 |
5,603 |
5,596 |
|
2008 |
2007 |
2006 |
2005 |
2004 |
|
|
Financial ratios (%)3 |
|||||
|
Dividend payout ratio |
79.1 |
61.6 |
68.7 |
76.8 |
80.0 |
|
Post-tax return on average shareholders' equity |
7.4 |
28.2 |
26.6 |
25.6 |
22.8 |
|
Cost:income ratio4 |
61.3 |
52.0 |
47.7 |
51.9 |
54.8 |
|
31 December |
31 December |
31 December |
31 December |
1 January |
|
|
Capital ratios (%)5 |
|||||
|
Total capital |
11.2 |
11.0 |
10.7 |
10.9 |
10.1 |
|
Tier 1 capital |
8.0 |
8.1 |
8.2 |
7.9 |
8.2 |
1Annual dividends comprise both interim and estimated final dividend payments. Under IFRS, the total dividend for the year represents the interim dividend paid during the year and the final dividend which will be paid and accounted for during the following year.
2This figure excludes 79 million limited voting ordinary shares.
3Averages are calculated on a monthly basis from the consolidated financial data of Lloyds Banking Group.
4The cost:income ratio is calculated as total operating expenses as a percentage of total income (net of insurance claims).
5Capital ratios for 2008 are in accordance with Basel II requirements; ratios for 2007 and earlier years reflect Basel I.