SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549

FORM 6-K   

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

                                      

11 July, 2008


LLOYDS TSB GROUP plc
(Translation of registrant's name into English)

5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom

                   
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

Form 20-F..X..Form 40-F.....


Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes .....No ..X..

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________

 

Index to Exhibits

Item

No. 1         Regulatory News Service Announcement, dated 11 July, 2008
                   re:  Segmental Analysis Restatement

11 July 200 8

65/08

 

LLOYDS TSB segmental analysis restatement

As part of Lloyds TSB Group’s transition to Basel II on 1 January 2008, the Group has taken the opportunity to update its capital and liquidity pricing methodology. The main difference in this approach is to allocate a greater share of certain funding costs, previously allocated to the Central group items segment, to individual divisions.

In addition, to enable meaningful year-on-year comparisons to be made, the Group intends to report its 2008 segmental results on a continuing businesses basis, excluding the impact of the businesses sold in 2007.

 

The attached appendix sets out the relevant segmental analyses for 2007 which have been restated to reflect these reporting changes, and which have no impact on the statutory results of the Group.

 

 

For further information:-

Investor Relations

Michael Oliver     +44 (0) 20 7356 2167

Director of Investor Relations

E-mail: michael.oliver@ltsb-finance.co.uk

 

Douglas Radcliffe     +44 (0) 20 7356 1571

Senior Manager, Investor Relations

E-mail: douglas.radcliffe@ltsb-finance.co.uk      

 

FORWARD LOOKING STATEMENTS

This announcement contains forward looking statements with respect to the business, strategy and plans of the Lloyds TSB Group, its current goals and expectations relating to its future financial condition and performance. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. The Group’s actual future results may differ materially from the results expressed or implied in these forward looking statements as a result of a variety of factors, including UK domestic and global economic and business conditions, risks concerning borrower credit quality, market related risks such as interest rate risk and exchange rate risk in its banking business and equity risk in its insurance businesses, changing demographic trends, unexpected changes to regulation, the policies and actions of governmental and regulatory authorities in the UK or jurisdictions outside the UK, including other European countries and the US, exposure to legal proceedings or complaints, changes in customer preferences, competition and other factors. Please refer to the latest Annual Report on Form 20-F filed with the US Securities and Exchange Commission for a discussion of such factors. The forward looking statements contained in this announcement are made as at the date of this announcement, and the Group undertakes no obligation to update any of its forward looking statements.

APPENDIX

SUMMARISED SEGMENTAL ANALYSIS

2007

UK 
Retail 
Banking 

Insurance 
and 

Investments 

Wholesale 
and 

International 

Banking 

Central 
group 
items 

Group 
excluding 
insurance 
gross up 

Insurance 
gross up 

Group 
 

£m 

  

£m 

  

£m 

  

£m 

  

£m 

  

£m 

  

£m 
                           

Net interest income

3,695 

  

(106)

  

2,380 

  

(368)

  

5,601 

  

421 

  

6,022 

Other income

1,797 

  

1,741 

  

1,644 

  

362 

  

5,544 

  

6,233 

  

11,777 

Total income

5,492 

  

1,635 

  

4,024 

  

(6)

  

11,145 

  

6,654 

  

17,799 

Insurance claims

- 

  

(302)

  

- 

  

- 

  

(302)

  

(6,615)

  

(6,917)

Total income, net of
insurance claims

5,492 

  

1,333 

  

4,024 

  

(6)

  

10,843 

  

39 

  

10,882 

Operating expenses

(2,548)

  

(611)

  

(2,152)

  

(6)

  

(5,317)

  

(13)

  

(5,330)

Trading surplus (deficit)

2,944 

  

722 

  

1,872 

  

(12)

  

5,526 

  

26 

  

5,552 

Impairment

(1,224)

  

- 

  

(572)

  

- 

  

(1,796)

  

- 

  

(1,796)

Profit (loss) before tax

1,720 

  

722 

  

1,300 

  

(12)

  

3,730 

  

26 

  

3,756 

Volatility

                          

- Insurance

- 

  

(277)

  

- 

  

- 

  

(277)

  

- 

  

(277)

- Policyholder interests

- 

  

- 

  

- 

  

- 

  

- 

  

(222)

  

(222)

Profit on sale of businesses

- 

  

272 

  

385 

  

- 

  

657 

  

- 

  

657 

Discontinued businesses

- 

  

145 

  

28 

  

- 

  

173 

  

(11)

  

162 

Settlement of overdraft claims

(76)

  

- 

  

- 

  

- 

  

(76)

  

- 

  

(76)

Profit (loss) before tax

1,644 

  

862 

  

1,713 

  

(12)

  

4,207 

  

(207)

  

4,000 
               

Half-year to 30 June 2007

UK 
Retail 
Banking 

Insurance 
and 

Investments 

Wholesale 
and 

International 

Banking 

Central 
group 
items 

Group 
excluding 
insurance 
gross up 

Insurance 
gross up 

Group 
 

£m 

  

£m 

  

£m 

  

£m 

  

£m 

  

£m 

  

£m 
                           

Net interest income

1,798 

  

(56)

  

1,109 

  

(154)

  

2,697 

  

100 

  

2,797 

Other income

883 

  

833 

  

931 

  

182 

  

2,829 

  

3,380

  

6,209 

Total income

2,681 

  

777 

  

2,040 

  

28

  

5,526 

  

3,480 

  

9,006 

Insurance claims

- 

  

(152)

  

- 

  

- 

  

(152)

  

(3,462)

  

(3,614)

Total income, net of
insurance claims

2,681 

  

625 

  

2,040 

  

28 

  

5,374 

  

18 

  

5,392 

Operating expenses

(1,261)

  

(307)

  

(1,041)

  

(3)

  

(2,612)

  

(6)

  

(2,618)

Trading surplus

1,420 

  

318 

  

999 

  

25

  

2,762 

  

12 

  

2,774 

Impairment

(627)

  

- 

  

(210)

  

- 

  

(837)

  

- 

  

(837)

Profit before tax

793 

  

318 

  

789 

  

25 

  

1,925 

  

12 

  

1,937 

Volatility

                          

- Insurance

- 

  

9 

  

- 

  

- 

  

9 

  

- 

  

9 

- Policyholder interests

- 

  

- 

  

- 

  

- 

  

- 

  

(63)

  

(63)

Discontinued businesses

- 

  

119 

  

22 

  

- 

  

141 

  

5 

  

146 

Settlement of overdraft claims

(36) 

  

- 

  

- 

  

- 

  

(36)

  

- 

  

(36)

Profit (loss) before tax

757 

  

446 

  

811 

  

25 

  

2,039 

  

(46)

  

1,993  
               

Half-year to
31 December 2007

UK 
Retail 
Banking 

Insurance 
and 

Investments 

Wholesale 
and 

International 

Banking 

Central 
group 
items 

Group 
excluding 
insurance 
gross up 

Insurance 
gross up 

Group 
 

£m 

  

£m 

  

£m 

  

£m 

  

£m 

  

£m 

  

£m 
                           

Net interest income

1,897 

  

(50)

  

1,271 

  

(214)

  

2,904 

  

321 

  

3,225 

Other income

914 

  

908 

  

713 

  

180 

  

2,715 

  

2,853 

  

5,568 

Total income

2,811 

  

858 

  

1,984 

  

(34)

  

5,619 

  

3,174 

  

8,793 

Insurance claims

- 

  

(150)

  

- 

  

- 

  

(150)

  

(3,153)

  

(3,303)

Total income, net of
insurance claims

2,811 

  

708 

  

1,984 

  

(34)

  

5,469 

  

21 

  

5,490 

Operating expenses

(1,287)

  

(304)

  

(1,111)

  

(3)

  

(2,705)

  

(7)

  

(2,712)

Trading surplus (deficit)

1,524 

  

404 

  

873 

  

(37)

  

2,764 

  

14 

  

2,778 

Impairment

(597)

  

- 

  

(362)

  

- 

  

(959)

  

- 

  

(959)

Profit (loss) before tax

927 

  

404 

  

511 

  

(37)

  

1,805 

  

14 

  

1,819  

Volatility

                          

- Insurance

- 

  

(286)

  

- 

  

- 

  

(286)

  

- 

  

(286)

- Policyholder interests

- 

  

- 

  

- 

  

- 

  

- 

  

(159)

  

(159)

Profit on sale of businesses

- 

  

272 

  

385

  

- 

  

657 

  

- 

  

657 

Discontinued businesses

- 

  

26 

  

6

  

- 

  

32 

  

(16)

  

16 

Settlement of overdraft claims

(40)

  

- 

  

- 

  

- 

  

(40)

  

- 

  

(40)

Profit (loss) before tax

887 

  

416 

  

902 

  

(37)

  

2,168 

  

(161)

  

2,007 


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

                                                                                          LLOYDS TSB GROUP plc
                                                                                                (Registrant)

 

                                                                                                                               By:          M D Oliver

                                                                                                                               Name:     M D Oliver

                                                                                                                               Title:        Director of Investor Relations

 

Date:     11 July, 2008