Consolidated Balance Sheet
(as at 31 December 1997)
31.12.97 31.12.96
Notes £m £m £m £m

Assets
Cash and balances at central banks 486.0 184.0
Treasury bills and other eligible bills 15 1,520.2 1,325.5
Loans and advances to banks 16 9,419.4 4,886.3
Loans and advances to customers 17 83,367.0 81,756.0
Debt securities 18 17,273.1 12,321.0
Tangible fixed assets 21 957.2 889.4
Other assets 22 533.4 221.5
Prepayments and accrued income 23 859.5 541.2
Long term assurance business attributable to shareholders 24 743.5 695.7

115,159.3 102,820.6

Long term assurance assets attributable to policyholders 24 15,940.5 13,254.7

Total assets 131,099.8 116,075.3

Liabilities
Deposits by banks 25 5,370.5 2,389.4
Customer accounts 26 81,101.4 79,055.0
Debt securities in issue 27 14,042.2 8,956.1
Other liabilities 28 1,590.7 767.1
Accruals and deferred income 29 3,778.7 3,128.6
Provisions for liabilities and charges 30 154.7 375.7
Subordinated liabilities 31 1,905.7 1,543.2
Equity shareholders’ funds:
Called up share capital 32 503.9 0.1
Share premium account 32 70.1 -

Profit and loss account 33 6,641.4 6,605.4

7,215.4 6,605.5

115,159.3 102,820.6

Long term assurance liabilities attributable to policy holders

24

15,940.5

13,254.7

Total liabilities 131,099.8 116,075.3

Memorandum Items
Commitments 35 2,630.5 2,198.2


Approved by the Board on 2 March 1998 and signed on its behalf by:
  • H J Foulds Chairman
  • J M Blackburn Director and Chief Executive
  • R F Boyes Group Finance Director
The notes in Section 17 form part of these financial statements.