0000930413-13-001837.txt : 20130325 0000930413-13-001837.hdr.sgml : 20130325 20130325145906 ACCESSION NUMBER: 0000930413-13-001837 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130325 FILED AS OF DATE: 20130325 DATE AS OF CHANGE: 20130325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lloyds Banking Group plc CENTRAL INDEX KEY: 0001160106 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15246 FILM NUMBER: 13713870 BUSINESS ADDRESS: STREET 1: 25 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7HN BUSINESS PHONE: 44 0 20 7626 1500 MAIL ADDRESS: STREET 1: 25 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7HN FORMER COMPANY: FORMER CONFORMED NAME: LLOYDS TSB GROUP PLC DATE OF NAME CHANGE: 20010926 6-K 1 c73185_6-k.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

25 March 2013

LLOYDS BANKING GROUP plc
(Translation of registrant’s name into English)

25 Gresham Street
London
EC2V 7HN
United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________

This report on Form 6-K shall be deemed incorporated by reference into the company’s Registration Statement on Form F-3 (File Nos. 333-167844; 333-167844-01) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

Lloyds Banking Group plc

Lloyds Banking Group plc hereby incorporates by reference the following exhibit to this report on Form 6-K into its Registration Statement on Form F-3 (File Nos. 333-167844;333-167844-01):

 

 

Exhibit

Document

 

 
   

1

Statement of Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preference Dividends.

   

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

LLOYDS BANKING GROUP plc
(Registrant)

25 March 2013

 

 

 

 

 

 

 

By:

 

 

/s/ G Culmer

 

 

 

  

 

 

 

Name:

 

George Culmer

 

 

 

Title:

 

Group Finance Director

 

 

 

 

 

Lloyds Banking Group plc

 

EX-1 2 c73185_ex1.htm

Exhibit 1

Ratio of earnings to fixed charges

The table below shows the ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preference dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended

 

 

  

Earnings (1)

 

 

31 Dec
2012

 

 

31 Dec
2011

 

 

31 Dec
2010

 

 

31 Dec
2009

 

 

31 Dec
2008

(2)

 

 

 

£m

 

 

£m

 

 

£m

 

 

£m

 

 

£m

 

(Loss) profit before tax

 

 

(570

)

 

(342

)

 

(2,919

)

 

1,042

 

 

760

 

Add: Share of losses / (profits) from joint ventures and associates

 

 

(28

)

 

(31

)

 

88

 

 

752

 

 

(4

)

Add: Dividends received from joint ventures and associates

 

 

13

 

 

6

 

 

1

 

 

21

 

 

2

 

Add: Fixed charges

 

 

15,065

 

 

14,221

 

 

17,173

 

 

19,866

 

 

10,352

 

 

 

                              

Earnings

 

 

14,480

 

 

13,854

 

 

14,343

 

 

21,681

 

 

11,110

 

 

 

                              

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalised (3)

 

 

14,961

 

 

14,097

 

 

17,034

 

 

19,730

 

 

10,277

 

Estimated interest included within rental expense (4)

 

 

104

 

 

124

 

 

139

 

 

136

 

 

75

 

 

 

                              

Fixed charges

 

 

15,065

 

 

14,221

 

 

17,173

 

 

19,866

 

 

10,352

 

 

 

                              

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preference dividends (5)

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                              

Combined fixed charges and preference dividends

 

 

15,065

 

 

14,221

 

 

17,173

 

 

19,866

 

 

10,352

 

 

 

                              

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

N/A

 

 

N/A

 

 

N/A

 

 

1.09

 

 

1.07 

 

Ratio of earnings to combined fixed charges and preference dividends

 

 

N/A

 

 

N/A

 

 

N/A

 

 

1.09

 

 

1.07 

 

In the year ended 31 December 2012 earnings were inadequate to cover fixed charges by £585 million and to cover combined fixed charges and preference dividends by £585 million.

In the year ended 31 December 2011 earnings were inadequate to cover fixed charges by £367 million and to cover combined fixed charges and preference dividends by £367 million.

In the year ended 31 December 2010 earnings were inadequate to cover fixed charges by £2,830 million and to cover combined fixed charges and preference dividends by £2,830 million.

Notes

 

 

(1)

For the purposes of these ratios, earnings consist of profit before tax, less the unremitted income of joint ventures and associates plus fixed charges. Unremitted income is calculated as the share of profits / losses from joint ventures and associates less dividends received.

 

 

(2)

The profit before tax for 2008 was restated in 2009 to show the impact of amendment to IFRS 2 Share-based Payment, which was adopted in the Group’s 2009 consolidated financial statements, as disclosed in note 1 on page F-11 of the Group’s 2010 Annual Report on Form 20-F.

 

 

(3)

Interest expensed and capitalised includes the amortisation of debt issuance costs, discounts and premiums and includes interest expense from the banking book included within “interest and similar expense” as well as interest expense from the trading book included within “other operating income”.

 

 

(4)

Fixed charges consist of total interest expensed and capitalised plus an estimate for the proportion of rental expenses deemed to represent interest cost. This has been estimated at 30% of rental expenses, as a reasonable approximation of the interest factor.

 

 

(5)

There are no preference shares accounted for as equity; all preference shares being accounted for as debt and therefore preference share dividends are already included within interest costs. As a result, the ratios calculated using fixed charges and combined fixed charges plus preference dividends are the same.