The accounts
Balance sheets
| Note | Group | Company | |||
|---|---|---|---|---|---|
| 2007 £m |
2006 £m |
2007 £m |
2006 £m |
||
| Assets | |||||
| Cash and balances at central banks | 209.2 | 202.6 | 209.2 | 202.6 | |
| Treasury bills | 185.0 | - | 185.0 | - | |
| Loans and advances to banks | 9 | 2,392.1 | 3,301.4 | 1,901.9 | 2,413.5 |
| Loans and advances to customers | 10 | 40,444.5 | 36,131.7 | 51,435.4 | 41,895.5 |
| Fair value adjustments on portfolio hedging | 39 | (53.8) | (70.4) | (53.8) | (70.4) |
| Debt securities | 13 | 6,778.7 | 5,299.9 | 7,398.2 | 4,840.9 |
| Derivative financial instruments | 39g | 1,175.4 | 291.0 | 468.6 | 278.2 |
| Prepayments and accrued income | 14 | 28.5 | 25.0 | 22.1 | 20.4 |
| Shares in Group undertakings | 15 | - | - | 543.7 | 543.7 |
| Other assets | 16 | 653.7 | 21.3 | 652.3 | 19.9 |
| Current tax asset | - | - | 39.3 | - | |
| Deferred tax assets | 17 | 23.8 | 5.7 | 21.8 | 8.0 |
| Property, plant and equipment | 18 | 106.5 | 90.8 | 95.8 | 79.5 |
| Intangible assets | 19 | 41.0 | 55.2 | 12.6 | 21.9 |
| Total assets | 51,984.6 | 45,354.2 | 62,932.1 | 50,253.7 | |
| Liabilities | |||||
| Deposits by banks | 20 | 2,074.4 | 1,512.4 | 1,658.5 | 885.8 |
| Customer accounts | 21 | 24,152.6 | 22,201.0 | 43,601.8 | 34,542.8 |
| Fair value adjustments on portfolio hedging | 39 | (5.9) | - | (5.9) | - |
| Derivative financial instruments | 39g | 498.6 | 493.4 | 483.2 | 408.8 |
| Debt securities in issue | 22 | 22,308.1 | 17,841.3 | 14,409.1 | 11,246.5 |
| Other liabilities | 23 | 141.2 | 115.6 | 128.1 | 107.9 |
| Accruals and deferred income | 24 | 84.1 | 84.4 | 85.4 | 84.1 |
| Current tax liabilities | 23.7 | 96.0 | - | 48.9 | |
| Post-retirement benefit obligations | 25 | 22.0 | 83.2 | 22.0 | 83.2 |
| Provisions | 26 | 59.7 | 94.8 | 59.7 | 94.8 |
| Subordinated liabilities | 27 | 1,253.7 | 1,247.0 | 1,565.3 | 1,561.8 |
| Other capital instruments | 28 | 161.6 | 165.2 | - | - |
| Total liabilities | 50,773.8 | 43,934.3 | 62,007.2 | 49,064.6 | |
| Equity | |||||
| Capital and reserves attributable to equity holders | |||||
 - Share capital |
29, 30 | 154.4 | 158.6 | 154.4 | 158.6 |
| - Share premium reserve |
30 | 4.9 | 4.9 | 4.9 | 4.9 |
| - Capital redemption reserve |
30 | 29.2 | 25.0 | 29.2 | 25.0 |
| - Other reserves |
30 | (122.3) | 19.1 | (122.3) | 19.2 |
| - Retained earnings |
30 | 1,144.6 | 1,212.3 | 858.7 | 981.4 |
| Total attributable equity | 1,210.8 | 1,419.9 | 924.9 | 1,189.1 | |
| Total equity and liabilities | 51,984.6 | 45,354.2 | 62,932.1 | 50,253.7 | |
The notes form an integral part of these Financial Statements.
The Financial Statements were approved by the Board of Directors and authorised for issue on 12 February 2008 and signed on its behalf by:
Steven Crawshaw
Group Chief Executive
Chris Willford
Group Finance Director
 |
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