You are a business adviser and one of your clients is considering whether to purchase shares of the Lloyds Banking Group. Your client is unfamiliar with the following terms which feature in the group's-Half-Year Results for the six months to June 2012: management basis; statutory basis; core business; impairment.
You are required to prepare a report for your client which explains these terms and critically examines their significance in the context of the accounts published by the Lloyds Banking Group for the half-year to June 2012.
The Lloyds Banking Group's 2012 Half-Year Results are accessible at https://www.11oydsbankinqqrouo.com/investors/financial performance/2012 halfyear results.asp