Business Context and Reporting Period
This Form 6-K filing by Lloyds Banking Group plc, dated May 11, 2012, incorporates a capitalisation table as of March 31, 2012. The document serves to update the company's Registration Statement on Form F-3 regarding its consolidated capital structure and indebtedness in accordance with IFRS.
Key Financial Metrics
The filing provides a snapshot of the Group's capitalisation and indebtedness as of March 31, 2012, measured in millions of pounds (£m):
| Category | Amount (£m) |
|---|---|
| Total Equity | 46,789 |
| Shareholders' equity | 46,094 |
| Non-controlling interests | 695 |
| Total Indebtedness | 208,074 |
| Subordinated liabilities | 34,351 |
| Total debt securities | 173,723 |
| Debt securities in issue | 167,915 |
| Liabilities held at fair value | 5,808 |
| Total Capitalisation and Indebtedness | 254,863 |
The filing does not provide data on revenue, profit, cash flow, or operating margins.
Material Changes
The registrant states that there has been no material change in the capitalisation information set forth in the table since March 31, 2012. Additionally, there have been no issuances or redemptions of subordinated liabilities since that date.
Outlook, Risks, and Contingencies
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the disclosure of debt security structures. Regarding contingencies and security:
- Excluding indebtedness issued under government-guaranteed funding programmes, no indebtedness is guaranteed by persons other than Group members.
- As of March 31, 2012, all indebtedness was unsecured except for £77.1 billion of securitisation notes and covered bonds and £7.1 billion of debt securities issued by the Group's asset-backed conduits.
Investor Verification Checklist
- Verify the classification of preference shares as debt under IFRS within the subordinated liabilities figure of £34,351 million.
- Confirm the status of the £77.1 billion in securitisation notes and covered bonds regarding their secured nature.
- Review the specific terms of government-guaranteed funding programmes excluded from the guarantee disclosure.
- Check for subsequent filings to confirm the "no material change" statement remains valid beyond May 11, 2012.