Investor Presentaiton
Reconciliation of reported to adjusted PBT
Reported profit before tax
Includes:
Currency translation
Significant items:
Discrete quarter
2016
4Q15
4Q16
vs. 4Q15
2015
2016
vs. 2015
(858) (3,445)
(2,587)
18,867
7,112
(11,755)
139
(139)
840
(840)
FVOD
Fair value gains / losses on own debt (credit spreads only)
Gain on the partial sale of shareholding in Industrial Bank
(773)
(1,648)
(875)
1,002 (1,792)
(2,794)
1,372
(1,372)
Gains on
disposal
Gain on the disposal of our membership interest in Visa Europe
Gain on the disposal of our membership interest in Visa US
584
584
116
116
116
116
Includes
Loss on disposal of operations in Brazil
(1,743)
(1,743)
Brazil disposal
-
Trading results from disposed operations in Brazil
(190)
190
(78)
(338)
(260)
$1.5bn tangible
gain
$(1.9)bn FX
recycling
$(1.3)bn of
Settlements and provisions in connection with legal matters
(370)
42
412
(1,649)
(681)
968
goodwill
Impairment of GPB Europe goodwill
(2,440)
(2,440)
(3,240)
(3,240)
Cost-related
UK customer redress programmes
(337)
(70)
267
(541)
(559)
(18)
Costs to achieve
(743) (1,086)
(343)
(908)
(3,118)
(2,210)
Other
Other significant items*
(465)
(978)
(515)
(699)
(1,417)
(718)
Adjusted profit before tax
1,881
2,619
738
19,528
19,300
(228)
*Other significant items include portfolio disposals and the costs associated with these, debit valuation adjustment (DVA) movements, fair value movements on non-qualifying hedges
(NQHs), regulatory provisions in GPB, restructuring, and provisions arising from the on-going review of compliance with the Consumer Credit Act in the UK
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