Transcription of 2019 HALF-YEAR RESULTS - lloydsbankinggroup.com
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2019 HALF-YEAR RESULTS - lloydsbankinggroup.com
2019 HALF-YEAR RESULTS . News Release Y'. BASIS OF PRESENTATION. This release covers the RESULTS of Lloyds Banking Group plc together with its subsidiaries (the Group) for the six months ended 30 June 2019. IFRS 16 and IAS 12 (further information in note 1 on page 67): The Group adopted IFRS 16 Leases from 1 January 2019 and as permitted elected to apply the standard retrospectively with the cumulative effect of initial application being recognised at that date; comparative information has not been restated. The Group has implemented the amendments to IAS 12 Income Taxes with effect from 1 January 2019 and as a result tax relief on distributions on other equity instruments, previously recognised in equity, is now reported within tax expense. Comparatives have been restated.
LLOYDS BANKING GROUP PLC 2019 HALF-YEAR RESULTS Page 1 of 113 RESULTS FOR THE HALF-YEAR The Group has continued to make strong strategic progress during the first half of 2019 and delivered a good financial
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