Information


Financial results

Year end 31 December 2003 2004** 2005 IFRS 2006 2007
Total assets (£,000) 7,850,938 8,884,200 9,656,402 11,138,242 13,087,382
Profits after tax (£,000) 39,413 31,100 34,983 40,906 45,374
Profit as a % of mean total assets 0.54 0.37 0.38 0.39 0.37
Cost/income ratio (%) 45.2 54.8 52.3 50.6 51.4
Management expenses as a % of mean total assets 0.66 0.65 0.60 0.59 0.56
Liquid assets (%) 24.92 24.00 23.80 23.10 24.97
Non retail funds (%) 18.80 19.73 20.40 25.30 31.37
Free capital ratio (%) 5.80 4.90 5.20 4.90 5.50
Group solvency ratio (%) 14.30 12.10 12.90 12.10 12.80

** 2004 Figures have been restated under IFRS for comparison.

Ratings from credit rating agencies

  Short term Long term Outlook
Moody's P1 A2 Negative
Fitch F1 A- Stable

Fitch ratings are as at 21 November 2008.
Moody's ratings are as at 7 October 2008.
Chelsea maintains regular dialogue with the rating agencies.