Summary Financial Statement For Year Ending 31 March 2011
| 2011 | 2010 | |
| £000 | £000 |
|
| RESULTS FOR THE YEAR | ||
| Profit for the year before taxation | 30,190 | 16,383 |
| Taxation on profit for the year | (2,882) | (1,606) |
| Profit for the year after taxation | 27,308 | 14,777 |
| ASSETS | ||
| Cash and balances with banks | 8,248 | 12,186 |
| Funds placed with parent company | 4,896,781 | 4,240,278 |
| Prepaid expenses | 68 | 63 |
| Property, plant and equipment | 154 | 284 |
| Deferred tax asset | 136 | 129 |
| Total assets | 4,905,387 | 4,252,940 |
| LIABILITIES | ||
| Due to customers | 4,736,701 | 4,111,651 |
| Other liabilities | 8,355 | 7,972 |
| Current tax liabilities | 2,876 | 2,999 |
| Retirement benefit obligation | 1,166 | 1,050 |
| Depositors Compensation Scheme | 350 | 525 |
| 4,749,448 | 4,124,197 | |
| SHAREHOLDERS' EQUITY | ||
| Share Capital | 28,500 | 28,500 |
| General Reserve | 127,439 | 100,243 |
| Total shareholders' equity and liabilities | 4,905,387 | 4,252,940 |
You can download a PDF copy of the Summary Financial Statement for 2010/2011 here.
The Summary Financial Statement was approved by the Board of Directors on 25 May 2011. Copies of the Annual Directors' Report and Financial Statements are available on request.
For copies of Nationwide Building Society's Annual Report & Accounts click here.
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