Proforma reconciliation of group operating profit to profit after tax – IFRS
4. Analysis of other operations and regional costs
| 6 months 2009 | |||
|---|---|---|---|
| Regional Costs £m |
Other Operations £m |
Total £m |
|
| United Kingdom | – | (36) | (36) |
| Europe | (11) | (37) | (48) |
| North America | (9) | 1 | (8) |
| Asia Pacific | (15) | – | (15) |
| Total | (35) | (72) | (107) |
| 6 months 2008 | |||
|---|---|---|---|
| Regional Costs £m |
Other Operations £m |
Total £m |
|
| United Kingdom | – | (33) | (33) |
| Europe | (12) | (10) | (22) |
| North America | (5) | 1 | (4) |
| Asia Pacific | (7) | – | (7) |
| Total | (24) | (42) | (66) |
| Full year 2008 | |||
|---|---|---|---|
| Regional Costs £m |
Other Operations £m |
Total £m |
|
| United Kingdom | – | (12) | (12) |
| Europe | (28) | (123) | (151) |
| North America | (14) | 2 | (12) |
| Asia Pacific | (23) | – | (23) |
| Total | (65) | (133) | (198) |
Other operations and regional costs increased to £107 million (six months to 30 June 2008: £66 million) driven by the loss in the Netherlands of £23 million relating to the banking and retail mortgage operations, in line with the second half of 2008. The increases in regional costs for North America and Asia Pacific are driven by foreign exchange movements and increases in headcount and property expenses.
