Combined consolidated income statement
For the year to 31 March
Notes
2007
2006
£'000
Interest receivable
1 233 226
934 389
Interest payable
(889 311)
(675 237)
Net interest income
343 915
259 152
Fees and commissions receivable
577 773
478 465
Fees and commissions payable
(56 275)
(41 591)
Principal transactions
245 463
246 059
Operating income from associates
10 685
6 694
Investment income on assurance activities
36 821
141 559
Premiums and reinsurance recoveries on insurance contracts
80 542
164 631
Other operating income
49 685
2 721
Other income
944 694
998 538
Claims and reinsurance premiums on insurance business
(111 492)
(293 135)
Total operating income net of insurance claims
1 177 117
964 555
Impairment losses on loans and advances
(16 530)
(9 160)
Operating income
1 160 587
955 395
Administrative expenses
(680 687)
(558 887)
Depreciation, amortisation and impairment of property, equipment and intangibles
(13 315)
(7 741)
Operating profit before goodwill
466 585
388 767
Goodwill
2 569
(21 356)
Operating profit
469 154
367 411
Profit on disposal of group operations
-
73 573
Profit before taxation
469 154
440 984
Taxation
(119 781)
(111 616)
Profit after taxation
349 373
329 368
Earnings attributable to minority shareholders
9 054
14 267
Earnings attributable to shareholders
340 319
315 101
349 373
329 368
Earnings per share (pence)
- Basic
8
54.7
53.8
- Diluted
8
50.4
50.0
Dividends per share (pence)
- Interim
9
10.0
7.6
- Final
9
13.0
10.6
