Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 46

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 46
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74 |

| LLOYDS BANKING GROUP PLC | 2025HALF-YEAR RESULTS |

NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (UNAUDITED) (continued) Note 8: Impairment

|                                                                   | Half-yearto 30 Jun2025£m |     | Half-yearto 30 Jun2024£m |     | Half-yearto 31 Dec2024£m |
| Loans and advances to banks                                       |                        – |     |                       -5 |     |                       -2 |
| Loans and advances to customers                                   |                      492 |     |                      161 |     |                      346 |
| Debt securities                                                   |                        – |     |                       -3 |     |                       -3 |
| Financial assets held at amortised cost                           |                      492 |     |                      153 |     |                      341 |
| Financial assets at fair value through other comprehensive income |                        – |     |                       -2 |     |                       -1 |
| Other assets                                                      |                       -1 |     |                       -8 |     |                       -1 |
| Loan commitments and financial guarantees                         |                      -49 |     |                      -43 |     |                       -8 |
| Total impairment charge (credit)                                  |                      442 |     |                      100 |     |                      331 |

There was a £ 70 million charge in respect of residual value impairment and voluntary terminations within the

Group’s UK Motor Finance business in the current period (half-year to 30 June 2024 : £ 10 million ; half-year to

31 December 2024 : £ 14 million ).

Note 9: Tax

In accordance with IAS 34, the Group’s income tax expense for the half-year to 30 June 2025 is based on the best

estimate of the weighted-average annual income tax rate expected for the full financial year. The tax effects of

one-off items are not included in the weighted-average annual income tax rate, but are recognised in the relevant

period.

An explanation of the relationship between tax expense and accounting profit is set out below:

|                                                          | Half-yearto 30 Jun2025£m |     | Half-yearto 30 Jun2024£m |     | Half-yearto 31 Dec2024£m |
| Profit before tax                                        |                    3,504 |     |                    3,324 |     |