bank-r-and-a

Recommendations

Info

Overview Strategic report Corporate governance Risk management Financial statements Other information The Bank financial statements The Co-operative Bank plc Annual report and accounts 2013 127
Overview Strategic report Corporate governance Risk management Financial statements Other information The Bank income statement For the year ended 31 December 2013 All amounts are stated in £m unless otherwise indicated In plain english: The Bank income statement shows most of the income earned and expenses incurred during the year for all the companies in the Bank. Other items are shown in the statement of comprehensive income on the next page. The numbers in brackets are costs or losses. The earnings per share is simply the net profit or loss divided by the weighted average number of shares. Notes 2013 2012 Interest receivable and similar income 8 1,388.4 1,488.3 Provision for potential customer redress claims 8 (194.5) – 1,193.9 1,488.3 Interest expense and similar charges 8 (930.7) (922.5) Net interest income 263.2 565.8 Fee and commission income 9 219.9 241.4 Provision for potential customer redress claims 9 (185.1) (149.7) 34.8 91.7 Fee and commission expense 9 (72.1) (64.2) Net fee and commission (expense)/income (37.3) 27.5 Net trading income 10 3.8 14.1 Other operating income 11 40.4 33.9 Operating income 270.1 641.3 Operating expenses Operating expenses 12 (880.7) (697.5) Intangible asset impairment 23 (148.4) (150.0) Total operating expenses (1,029.1) (847.5) Operating loss before impairment losses (759.0) (206.2) Impairment losses on loans and advances 18 (516.2) (474.1) Impairment gains on investments – 5.4 Operating loss pre Liability Management Exercise (1,275.2) (674.9) Profit from Liability Management Exercise 4 688.3 – Operating loss post Liability Management Exercise (586.9) (674.9) Share of post tax profits from joint ventures 38 0.7 1.2 Loss before taxation (586.2) (673.7) Income tax 14 (161.8) 165.6 Loss for the financial year (748.0) (508.1) Attributable to: Equity shareholders 15 (748.9) (509.1) Minority interests 0.9 1.0 (748.0) (508.1) Earnings per share (basic and fully diluted) 15 (9.43)p (6.21)p In total £411.5m (2012: £149.7m) of conduct and legal provisions have been incurred during the year. This includes £194.5m (2012: £nil) reported within interest receivable and similar income, £185.1m (2012: £149.7m) reported within fee and commission income and £31.9m (2012: £nil) reported within operating expenses. The notes on pages 134 to 219 form part of these financial statements. 128 The Co-operative Bank plc Annual report and accounts 2013
Page 1 and 2:
The Co-operative Bank plc Annual re
Page 3 and 4:
Overview Strategic report Corporate
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78: Overview Strategic report Corporate
Page 127: Overview Strategic report Corporate
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
Page 273 and 274:
Page 275 and 276:
Page 277:
The Co-operative Bank plc Registere
show all

bank-r-and-a

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?