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Consolidated balance sheet

at 31 December 2007

  Note   2007
£ million		   2006
£ million
Assets          
Cash and balances at central banks     4,330   1,898
Items in the course of collection from banks     1,242   1,431
Trading and other financial assets at fair value through profit or loss 15   57,911   67,695
Derivative financial instruments 16   8,659   5,565
Loans and advances to banks 17   34,845   40,638
Loans and advances to customers 18   209,814   188,285
Available-for-sale financial assets 20   20,196   19,178
Investment property 21   3,722   4,739
Goodwill 22   2,358   2,377
Value of in-force business 23   2,218   2,723
Other intangible assets 24   149   138
Tangible fixed assets 25   2,839   4,252
Other assets 26   5,063   4,679
Total assets     353,346   343,598
Liabilities          
Deposits from banks 27   39,091   36,394
Customer accounts 28   156,555   139,342
Items in course of transmission to banks     668   781
Trading and other liabilities at fair value through profit or loss 29   3,206   1,184
Derivative financial instruments 16   7,582   5,763
Debt securities in issue 30   51,572   54,118
Liabilities arising from insurance contracts and participating investment contracts 31   38,063   41,445
Liabilities arising from non-participating investment contracts 32   18,197   24,370
Unallocated surplus within insurance businesses 33   554   683
Other liabilities 34   9,690   10,985
Retirement benefit obligations 35   2,144   2,462
Current tax liabilities     484   817
Deferred tax liabilities 36   948   1,416
Other provisions 37   209   259
Subordinated liabilities 38   11,958   12,072
Total liabilities     340,921   332,091
Equity          
Share capital 39   1,432   1,429
Share premium account 40   1,298   1,266
Other reserves 41   (60)   336
Retained profits 42   9,471   8,124
Shareholders’ equity     12,141   11,155
Minority interests     284   352
Total equity     12,425   11,507
Total equity and liabilities     353,346   343,598

The accompanying notes are an integral part of the consolidated financial statements.

The directors approved the consolidated financial statements on 21 February 2008.

Sir Victor Blank
Chairman

J Eric Daniels
Group Chief Executive

Helen A Weir
Group Finance Director