Consolidated balance sheet
| Note |
2008 |
2007 |
|||
|---|---|---|---|---|---|
| Assets |
|||||
| Cash and balances at central banks |
5,008 |
4,330 |
|||
| Items in the course of collection from banks |
946 |
1,242 |
|||
| Trading and other financial assets at fair value through profit or loss |
45,064 |
57,911 |
|||
| Derivative financial instruments |
28,884 |
8,659 |
|||
| Loans and advances to banks |
40,758 |
34,845 |
|||
| Loans and advances to customers |
242,735 |
209,814 |
|||
| Available-for-sale financial assets |
55,707 |
20,196 |
|||
| Investment property |
2,631 |
3,722 |
|||
| Goodwill |
2,256 |
2,358 |
|||
| Value of in-force business |
1,893 |
2,218 |
|||
| Other intangible assets |
197 |
149 |
|||
| Tangible fixed assets |
2,965 |
2,839 |
|||
| Current tax recoverable |
300 |
– |
|||
| Deferred tax assets |
833 |
– |
|||
| Other assets |
5,856 |
5,063 |
|||
| Total assets |
436,033 |
353,346 |
The accompanying notes are an integral part of the consolidated financial statements.
| Equity and liabilities |
Note |
2008 |
2007 |
|
|---|---|---|---|---|
| Liabilities |
||||
| Deposits from banks |
66,514 |
39,091 |
||
| Customer accounts |
170,938 |
156,555 |
||
| Items in course of transmission to banks |
508 |
668 |
||
| Trading and other liabilities at fair value through profit or loss |
6,754 |
3,206 |
||
| Derivative financial instruments |
26,892 |
7,582 |
||
| Debt securities in issue |
75,710 |
51,572 |
||
| Liabilities arising from insurance contracts and participating investment contracts |
33,792 |
38,063 |
||
| Liabilities arising from non-participating investment contracts |
14,243 |
18,197 |
||
| Unallocated surplus within insurance businesses |
270 |
554 |
||
| Other liabilities |
11,456 |
9,690 |
||
| Retirement benefit obligations |
1,771 |
2,144 |
||
| Current tax liabilities |
– |
484 |
||
| Deferred tax liabilities |
– |
948 |
||
| Other provisions |
230 |
209 |
||
| Subordinated liabilities |
17,256 |
11,958 |
||
| Total liabilities |
426,334 |
340,921 |
||
| Equity |
||||
| Share capital |
1,513 |
1,432 |
||
| Share premium account |
2,096 |
1,298 |
||
| Other reserves |
(2,476) |
(60) |
||
| Retained profits |
8,260 |
9,471 |
||
| Shareholders' equity |
9,393 |
12,141 |
||
| Minority interests |
306 |
284 |
||
| Total equity |
9,699 |
12,425 |
||
| Total equity and liabilities |
436,033 |
353,346 |
The accompanying notes are an integral part of the consolidated financial statements.
The directors approved the consolidated financial statements on 26 February 2009.
Sir Victor Blank |
J Eric Daniels |
Tim J W Tookey |
Chairman |
Group Chief Executive |
Group Finance Director |