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Consolidated Profit and Loss Account History
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|
1997
£m |
1998
£m |
1999
£m |
2000
£m |
2001
£m |
Change
£m |
Change
% |
| Net interest income |
208.8 |
241.0 |
278.5 |
294.1 |
313.5 |
19.4 |
6.6 |
| Non-interest income |
107.2 |
113.4 |
124.8 |
134.9 |
142.1 |
7.2 |
5.3 |
|
|
| |
316.0 |
354.4 |
403.3 |
429.0 |
455.6 |
26.6 |
6.2 |
| Expenses |
(236.5) |
(241.0) |
(261.7) |
(272.9) |
(281.9) |
(9.0) |
(3.3) |
|
|
| Profit before bad debts |
79.5 |
113.4 |
141.6 |
156.1 |
173.7 |
17.6 |
11.3 |
| Provisions for bad debts |
(26.3) |
(41.6) |
(53.3) |
(59.9) |
(66.2) |
(6.3) |
(10.5) |
|
|
| Operating profit |
53.2 |
71.8 |
88.3 |
96.2 |
107.5 |
11.3 |
11.7 |
Associated undertakings
& exceptional items |
1.8 |
1.8 |
0.3 |
0.1 |
- |
(0.1) |
(100.0) |
|
|
| Profit before taxation |
55.0 |
73.6 |
88.6 |
96.3 |
107.5 |
11.2 |
11.6 |
| Taxation |
(18.0) |
(22.8) |
(27.5) |
(29.8) |
(31.7) |
(1.9) |
(6.4) |
|
|
| Profit after taxation |
37.0 |
50.8 |
61.1 |
66.5 |
75.8 |
9.3 |
14.0 |
| Minority interests |
(0.8) |
(0.9) |
(1.4) |
(1.7) |
(1.8) |
(0.1) |
(5.9) |
| Dividends |
(5.5) |
(5.5) |
(5.5) |
(5.6) |
(5.5) |
0.1 |
1.8 |
|
|
| Retentions |
30.7 |
44.4 |
54.2 |
59.2 |
68.5 |
9.3 |
15.7 |
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Average numbers of staff |
4,155 |
4,049 |
4,010 |
4,100 |
4,067 |
|
|
| Net interest margin % |
4.5 |
4.7 |
5.0 |
4.8 |
4.4 |
|
|
| Cost/income ratio % |
74.8 |
68.0 |
64.9 |
63.6 |
61.9 |
|
|
Return on opening equity
shareholder's funds % |
23.5 |
26.7 |
25.7 |
22.3 |
21.1 |
|
|
| Earnings per share |
4.64p |
6.34p |
7.75p |
8.46p |
9.79p |
|
|
|
|
| Consolidated Balance Sheet History |
| |
1997
£m |
1998
£m |
1999
£m |
2000
£m |
2001
£m |
| Equity share capital |
35.0 |
35.0 |
35.0 |
35.0 |
35.0 |
| Reserves |
131.5 |
175.9 |
230.1 |
289.3 |
357.8 |
| Preference shares |
60.0 |
60.0 |
60.0 |
60.0 |
60.0 |
|
|
| Shareholders' funds |
226.5 |
270.9 |
325.1 |
384.3 |
452.8 |
| Minority interests |
8.2 |
8.9 |
15.2 |
16.3 |
17.4 |
| Subordinated liabilities |
197.9 |
198.1 |
192.9 |
179.1 |
179.4 |
| Debt securities in issue |
167.0 |
56.8 |
62.4 |
54.1 |
87.5 |
| Deposits by banks |
575.6 |
599.0 |
912.3 |
750.4 |
727.3 |
| Deposits by customers |
3,912.6 |
4,196.2 |
4,533.0 |
5,186.3 |
6,115.8 |
| Other liabilities |
184.2 |
209.5 |
192.9 |
217.8 |
246.0 |
|
|
| |
5,272.0 |
5,539.4 |
6,233.8 |
6,788.3 |
7,826.2 |
|
|
| |
|
|
|
|
|
| Tangible fixed assets |
64.1 |
60.8 |
64.7 |
69.2 |
67.3 |
| Loans and advances to banks |
507.7 |
431.3 |
493.9 |
580.6 |
733.2 |
| Loans and advances to customers |
2,502.6 |
2,784.0 |
2,978.1 |
3,363.7 |
3,869.2 |
| Debt securities and bills |
1,938.7 |
1,978.4 |
2,375.6 |
2,417.2 |
2,751.0 |
Cash, balances at central banks and
items in the course of collection from
other banks |
158.7 |
152.9 |
210.1 |
178.6 |
259.3 |
| Other assets |
100.2 |
132.0 |
111.4 |
179.0 |
146.2 |
|
|
| |
5,272.0 |
5,539.4 |
6,233.8 |
6,788.3 |
7,826.2 |
|
|
|
|
|
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The financial information set out above does not constitute the company's statutory accounts for the 52 weeks ended 12 January 2002 or the 53 weeks ended 13 January 2001, but is derived from these accounts. Statutory accounts for 2001 are available: follow this link to download. The auditors have reported on those accounts; their reports were unqualified and did not contain a statement under section 237 (2) or (3) of the Companies Act 1985.
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