Julian Hodge Bank Fixed Rate Savings
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Group Accounts



Consolidated Profit and Loss Account
for the year ended 31 October 2007
2007
£'000
2006
£'000
 
Interest receivable and similar income 25,355 37,126
Interest payable (14,025) (18,899)
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Net interest income 11,330 18,227
Dividend income from listed equity shares 92 99
Fees and commissions receivable 5,140 8,681
Fees and commissions payable (2,632) (5,456)
Other finance income 400 300
Other operating income:    
  Rents receivable - 429
  Profit from life assurance activities 9,281 9,989
  Profit on sale of reversionary interests 1,346 1,025
  Profit on sale of mortgage assets 558 811
  Profit on sale of equity shares 399 599
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Net operating income 25,914 34,704
     
Administrative expenses:    
  Staff costs (5,546) (8,283)
  Other administrative expenses (2,102) (3,896)
Depreciation and amortisation (254) (796)
Movement on provisions for bad and doubtful debts (618) (5,429)
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Group operating profit 17,394 16,300
     
Share of operating loss in associate (460) (347)
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Total operating profit 16,934 15,953
Profit on sale of a discontinued operation 3,499 149
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Profit on ordinary activities before taxation 20,433 16,102
Tax on profit on ordinary activities (5,080) (4,246)
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Profit on ordinary activities after taxation being profit for the financial year 15,353 11,856
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Consolidated Balance Sheet
at 31 October 2007
2007
£'000
2006
£'000
Assets    
Loans and advances to banks 11,987 53,167
Loans and advances to customers 365,600 304,918
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377,587 358,085
Equity shares 114 127
Investments in associates (581) (243)
Tangible fixed assets 322 648
Reversionary interests in properties 50,481 46,656
Other assets 3,024 4,306
Prepayments and accrued income 2,463 2,481
Pension asset 2,800 500
Long-term assurance business attributable to shareholders 50,922 44,273
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487,132 456,833
Long-term assurance business attributable to policyholders 103,095 107,121
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Total assets 590,227 563,954
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Liabilities    
Deposits by banks 9,125 146
Customer accounts 304,732 302,144
Other liabilities:    
  Corporation tax 639 (103)
  Other 9,791 1,354
Accruals and deferred income 2,944 2,744
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327,231 306,285
Share capital and reserves    
Called-up share capital 100,000 100,000
Profit and loss account 59,901 50,548
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Shareholder's funds 159,901 150,548
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Long-term assurance liabilities to policyholders 103,095 107,121
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Total liabilities and shareholder's funds 590,227 563,954
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Memorandum items
Contingent liabilities 424 1,223
Commitments 233,859 173,893
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