MORTGAGE INDUSTRY PERFORMANCE DATA	TOTAL	HBOS	Abbey National	Lloyds  TSB	Cheltenham  & Gloucester	The Royal Bank of Scotland	Northern Rock	Barclays
TABLE D  2005
INCOME STATEMENT RATIOS		31-12-05	31-12-05	31-12-05	31-12-05	31-12-05	31-12-05	31-12-05
	%	%	%	%	%	%	%	%
As % of Gross Income: Net Interest Margin	21.27	16.19	11.20	18.60	16.36	25.33	17.85	28.98
As % of Total Assets: Net Interest Margin	1.16	1.26	0.58	1.83	0.87	1.28	0.91	0.87
As % of Net Interest Margin:-
-Gross Commission	62.68	32.39	62.88	52.72	16.91	68.06	20.87	79.63
-Other Income	119.23	231.94	378.13	252.95	3.12	53.40	0.12	41.19
-Bad Debts Specific & Write Offs	13.07	16.47	18.06	19.01	0.00	17.21	7.52	(0.04)
As % of Cost of Funding: Commission Paid	8.00	6.37	2.46	10.85	0.05	13.89	0.86	7.28
As % of Net Interest Margin +Other Income:-
-Profit before Tax	25.06	20.29	9.28	16.81	48.89	30.64	57.69	29.50
-Profit on Ordinary Activities after Tax	17.84	13.76	6.54	11.24	34.93	21.46	40.78	21.46
-Profit Retained	9.40	7.88	6.54	2.55	9.05	13.52	23.89	9.83
As % of Operating Income: Operating Costs	41.78	25.65	31.09	26.79	49.80	49.70	33.29	60.16
As % of Total Operating Costs
-Staff Costs	27.33	13.11	15.58	15.06	25.77	33.35	43.70	49.58
-Depreciation of Fixed Assets and Amortisation	5.71	5.05	3.42	3.37	2.44	10.16	7.05	2.84
-Bad Debts Specific & Write Offs	6.11	6.06	3.74	5.69	0.00	9.50	17.12	(0.02)
-Other Expenses inc. General Provision	60.73	75.78	77.26	75.88	71.79	46.99	32.14	47.60
As % of Total Assets:-
-Profit before Tax	0.83	0.89	0.29	1.23	0.51	1.02	0.60	0.57
-Profit on Ordinary Activities after Tax	0.59	0.60	0.20	0.82	0.36	0.72	0.42	0.42
-Profit Retained	0.31	0.35	0.20	0.19	0.09	0.45	0.25	0.19
As % of Total Shareholders funds+ Sub debt
-Profit on Ordinary Activities after Tax	9.95	8.47	3.63	11.31	7.79	8.72	13.51	12.85
-Profit Retained	5.24	4.85	3.63	2.56	2.02	5.50	7.92	5.89
Cost/Income Ratio Calculated	54.77	43.77	70.18	51.91	49.70	55.33	31.10	60.73
Cost/Income Ratio Published		42.20	N/A	51.90	N/A	41.80	30.20	N/S
thedata Mortgage Sector Information Service	TOTAL	HBOS	Abbey National	Lloyds  TSB	Cheltenham  & Gloucester	The Royal Bank of Scotland	Northern Rock	Barclays
TABLE D  2004
INCOME STATEMENT RATIOS		31-12-04	31-12-04	31-12-04	31-12-04	31-12-04	31-12-04	31-12-04
	%	%	%	%	%	%	%	%
As % of Gross Income: Net Interest Margin	22.62	14.84	17.78	19.86	18.06	27.59	14.12	29.61
As % of Total Assets: Net Interest Margin	1.41	1.31	0.79	1.80	0.94	1.54	0.72	1.27
As % of Net Interest Margin:-
-Gross Commission	67.47	47.43	44.63	59.77	20.93	71.36	65.35	80.62
-Other Income	103.46	259.80	132.47	223.27	0.95	45.49	2.51	38.71
-Bad Debts Specific & Write Offs	10.77	17.03	(3.76)	16.71	(0.28)	16.37	10.39	(0.16)
As % of Cost of Funding: Commission Paid	10.13	7.77	2.68	13.10	2.92	20.30	2.47	8.56
As % of Net Interest Margin +Other Income:-
-Profit before Tax	23.16	19.23	(0.52)	17.28	59.99	28.77	55.54	28.57
-Profit on Ordinary Activities after Tax	16.64	13.92	(1.33)	12.22	41.97	20.89	39.49	20.59
-Profit Retained	6.76	7.81	(21.73)	2.38	18.09	11.92	7.13	10.76
As % of Operating Income: Operating Costs	44.19	25.30	71.27	30.57	43.90	48.57	38.98	57.43
As % of Total Operating Costs
-Staff Costs	27.79	12.82	25.73	17.13	45.23	32.21	42.13	48.01
-Depreciation of Fixed Assets and Amortisation	6.43	4.21	13.81	4.05	4.67	10.39	6.41	2.73
-Bad Debts Specific & Write Offs	5.20	5.61	(1.39)	5.41	(0.78)	9.22	17.08	(0.10)
-Other Expenses inc. General Provision	60.58	77.36	61.84	73.41	50.88	48.18	34.38	49.37
As % of Total Assets:-
-Profit before Tax	0.96	1.03	(0.01)	1.22	0.69	1.24	0.67	0.85
-Profit on Ordinary Activities after Tax	0.69	0.74	(0.03)	0.86	0.48	0.90	0.48	0.61
-Profit Retained	0.28	0.42	(0.48)	0.17	0.21	0.51	0.09	0.32
As % of Total Shareholders funds+ Sub debt
-Profit on Ordinary Activities after Tax	9.74	10.46	(0.54)	11.55	9.82	9.75	8.71	11.73
-Profit Retained	3.96	5.87	(8.88)	2.25	4.23	5.56	1.57	6.13
Cost/Income Ratio Calculated	40.69	44.25	94.48	54.83	37.17	54.16	32.73	60.50
Cost/Income Ratio Published		44.70	N/A	54.80	N/A	41.80	29.90	N/S