Accessible Reporting |  Site Map |  Tell A Friend |  Download |  How to Join  
*
The Co-operative Bank*
*
Key Extracts |  Financial Statements 2002 |  Our Performance |  Home 
*
**
*
Consolidated Profit and Loss Account >>
 Consolidated Balance Sheet
 Movements in Shareholders' Funds
 5 Year Financial History

*
Key Extracts : Consolidated Profit and Loss Account
*
Consolidated Profit and Loss Account

for the year ended 11th January 2003
all amounts are stated in £m unless otherwise indicated

 *
  2002 2001
Interest receivable    
Interest receivable and similar income arising from debt securities 131.3 166.8
Other interest receivable and similar income 397.4 396.4
*
  528.7 563.2
Interest payable (199.1) (249.7)
*
Net Interest Income 329.6 313.5
     
Dividend income 0.2 -
Fees and commissions receivable 179.0 163.7
Fees and commissions payable (23.8) (20.1)
Dealing losses (1.6) (1.5)
*
Operating Income 483.4 455.6
     
Administrative expenses    
Staff costs
Other
Depreciation and amortisation		 (122.0)
(148.7)
(20.1)		 (116.3)
(143.5)
(22.1)
  (290.8) (281.9)
*
  192.6 173.7
Provisions for bad and doubtful debts (70.1) (66.2)
*
Group Operating Profit 122.5 107.5
Income from interests in associated undertakings - -
*
Profit on Ordinary Activities before Taxation 122.5 107.5
Taxation on profit on ordinary activities (36.6) (31.7)
*
Profit on Ordinary Activities after Taxation 85.9 75.8
Minority interests (2.2) (1.8)
*
Profit for the Financial Year 83.7 74.0
Preference dividend to non-equity shareholders (5.5) (5.5)
*
Retained Profit for the Year 78.2 68.5
*
Earnings per share (basic and diluted) 11.17p 9.79p
*

All profits have been derived from continuing operations.

 *
Continue to: Consolidated Balance Sheet Back To Top

The financial information set out above does not constitute the company's statutory accounts for the year ended 11 January 2003 or the year ended 12 January 2002, but is derived from these accounts. Statutory accounts for 2002 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.