0000930413-18-000876.txt : 20180309 0000930413-18-000876.hdr.sgml : 20180309 20180309071757 ACCESSION NUMBER: 0000930413-18-000876 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180309 FILED AS OF DATE: 20180309 DATE AS OF CHANGE: 20180309 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: 18678459 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 c90710_6k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K   

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                      

For the date of 9 March 2018

Commission File Number 001-15246


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.....


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

 

This report on Form 6-K shall be deemed incorporated by reference into the Company's Registration Statement on Form F-3
(File No’s. 333-211791; 333-211791-01) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.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 No’s. 333-211791; 333-211791-01):

 

 

 

Exhibit  

Document

 

12.1   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)
       
Date: 9 March 2018      
       
       
  By:   /s/ G Culmer
    Name: George Culmer
    Title: Chief Financial Officer
       

 

 EX-12.1 2 c90710_ex12-1.htm

 

Exhibit 12.1

 

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 plus preference dividends and similar distributions:

 

                    Year ended
Earnings (1)

 

31 Dec 2017

 

31 Dec

2016

 

31 Dec

2015

 

31 Dec

2014

 

31 Dec

2013

(2) 

  
  £m  £m  £m  £m  £m   
Profit (loss) profit before tax 5,625 3,888 1,644 1,762  415   
Add: Share of losses / (profits) from joint ventures and associates (6) 1 3 (32) (43)  
Add: Dividends received from joint ventures and associates - 2 7 -  26    
Add: Fixed charges 5,663 7,974 7,125 9,173  14,253    
Earnings 11,282 11,865 8,779 10,903  14,651   
             
             
Fixed charges            
             
Interest expensed and capitalised (3) 5,572 7,880 7,047 9,080  14,144  
Estimated interest included within rental expense (4) 91 94 78 93  109  
Fixed charges 5,663 7,974 7,125 9,173  14,253  
             
Preference dividends and similar distributions (5) 415 412 394 287  -   
             
Combined fixed charges plus preference dividends and similar distributions 6,078 8,386 7,519 9,460  14,253  
             
Ratios            
Ratio of earnings to fixed charges 1.99 1.49 1.23 1.19  1.03  
Ratio of earnings to combined fixed charges plus preference dividends and similar distributions 1.86 1.41 1.17 1.15  1.03  

 

 

 

 

 

 

Notes

 

(1)For the purposes of these ratios, earnings consist of (loss) 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)During 2013 there were no preference shares accounted for as equity; all preference shares in those years being accounted for as debt and therefore preference share dividends were already included within interest costs. As a result, the ratios calculated using fixed charges and combined fixed charges plus preference dividends and similar distributions were the same in those years.

 

(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)Preference dividends and similar distributions include interest payments (gross of tax relief received by the Group) on the Additional Tier 1 securities delivered on 7 April 2014, accounted for under other equity instruments. Interest payments are, however, discretionary and subject to certain restrictions. See Amendment No. 1 to Form F-4 dated 27 March 2014 for further information.