I bet if you watch this 100 times you will still laugh

Restructuring costs of $181 million. Approximately a quarter relates to redundancy programs in Korea The bank levy has risen a significant 56 per cent to $366 million In August 2014, the Group reached a settlement with the US authorities of $300 million Following a detailed review of the outlook for our Korean business, and taking into account encouraging PDRS trends, it is nonetheless currently loss making and hence the remaining goodwill of $726 million is being written off. This is on top of the $1 billion write-down last year. This write-off has no cash impact and does not affect Group capital ratios, as goodwill is already fully deducted for prudential purposes. On this basis adjusted profit before tax for the year was $5.2 billion, down 25 per cent. Normalised Earnings per Share declined 28 per cent to 146 cents and normalised Return on Equity was 7.8 per cent. Dividend per share at 86 cents per share, the same level as 2013. The balance sheet remains in good shape, diversified, well structured, and highly liquid, with total deposits up $29 billion or 6 per cent in the second half. Loans and advances to customers are down $16 billion or 5 per cent in the second half, driven by continued de-risking of the retail unsecured portfolio; reducing exposure to the energy, mining and quarrying sectors, more assertive management of low returning relationships, high levels of liquidity resulting in early repayments, and currency translation. As a result, Advances to Deposits ratio is now below 70 per cent and Liquid Asset Ratio is 32.2 per cent.

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