Restatement 2013 reported segmental financial info

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2013	Retail	Consumer Finance		Commercial Banking		Insurance	Run-off and Central Items	TSB	Group
	£m		£m		£m	£m	£m	£m	£m

Net interest income	6,500		1,333		2,113	(107)	431	615	10,885
Other income	1,435		1,359		2,259	1,864	840	163	7,920
Total underlying income	7,935		2,692		4,372	1,757	1,271	778	18,805
Total costs	(4,160)		(1,384)		(2,084)	(669)	(775)	(563)	(9,635)
Impairment	(760)		(343)		(398)	−	(1,394)	(109)	(3,004)
Underlying profit (loss)	3,015		965		1,890	1,088	(898)	106	6,166

Banking net interest margin	2.09%		6.94%		2.21%			2.57%	2.12%
Asset quality ratio	0.24%		1.76%		0.37%			0.45%	0.57%
Return on risk-weighted assets	3.81%		4.51%		1.53%			1.91%	2.14%

Key balance sheet items at 31 December 2013	£bn		£bn		£bn	£bn	£bn	£bn	£bn

Loans and advances to customers	314.3		19.1		108.0		30.3	23.5	495.2
Customer deposits	283.2		18.7		110.5		2.8	23.1	438.3
Total customer balances	597.5		37.8		218.5		33.1	46.6	933.5

Risk-weighted assets¹	73.1		20.1		120.8		44.1	5.8	263.9
Risk-weighted assets²	72.9		20.1		124.0		49.5	5.6	272.1

		Year to 31 Dec 2013
		£m

TSB underlying profit (Lloyds Banking Group reporting basis)		106

Accounting adjustments³		13
Presentational adjustments⁴		(52)

TSB profit before tax reported in the TSB price range prospectus (historical financial information basis)		67

¹	Risk-weighted assets per prevailing rules as at 31 December 2013.
²	Risk-weighted assets per prevailing rules as at 1 January 2014.
³	Differences in the funding arrangements and the treatment of hedging transactions
⁴	Banking volatility and pension curtailment costs which are reported outside underlying profit by Lloyds Banking Group

Half-year to 30 June 2013	Retail	Consumer Finance		Commercial Banking		Insurance	Run-off and Central Items		TSB		Group
	£m		£m		£m	£m	£m		£m		£m

Net interest income	3,036		670		1,009	(49)	235	305		5,206
Other income	733		681		1,154	945	657	88		4,258
Total underlying income	3,769		1,351		2,163	896	892	393		9,464
Total costs	(2,007)		(665)		(1,024)	(337)	(442)	(274)		(4,749)
Impairment	(462)		(177)		(285)	−	(830)	(59)		(1,813)
Underlying profit (loss)	1,300		509		854	559	(380)	60		2,902

Banking net interest margin	1.97%		7.04%		2.16%			2.54%		2.01%
Asset quality ratio	0.29%		1.84%		0.55%			0.49%		0.69%
Return on risk-weighted assets	3.21%		4.67%		1.38%			2.18%		1.95%

Key balance sheet items at 30 June 2013	£bn		£bn		£bn	£bn	£bn	£bn		£bn

Loans and advances to customers	312.6		19.0		104.5		43.6	24.2		503.9
Customer deposits	278.8		20.1		105.9		2.8	23.0		430.6
Total customer balances	591.4		39.1		210.4		46.4	47.2		934.5

Risk-weighted assets	79.5		22.0		124.2		57.5	5.5		288.7

Half-year to 31 December 2013
	£m	£m		£m		£m		£m		£m		£m

Net interest income	3,464	663	1,104		(58)		196		310		5,679
Other income	702	678	1,105		919		183		75		3,662
Total underlying income	4,166	1,341	2,209		861		379		385		9,341
Total costs	(2,153)	(719)	(1,060)		(332)		(333)		(289)		(4,886)
Impairment	(298)	(166)	(113)		−		(564)		(50)		(1,191)
Underlying profit (loss)	1,715	456	1,036		529		(518)		46		3,264

Banking net interest margin	2.22%	6.84%	2.26%						2.61%		2.23%
Asset quality ratio	0.18%	1.68%	0.21%						0.41%		0.45%
Return on risk-weighted assets	4.43%	4.30%	1.69%						1.66%		2.34%

Key balance sheet items at 31 December 2013	£bn	£bn	£bn		£bn		£bn		£bn		£bn

Loans and advances to customers	314.3	19.1	108.0				30.3		23.5		495.2
Customer deposits	283.2	18.7	110.5				2.8		23.1		438.3
Total customer balances	597.5	37.8	218.5				33.1		46.6		933.5

Risk-weighted assets	73.1	20.1	120.8				44.1		5.8		263.9

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