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This excerpt taken from the BCS 6-K filed Aug 7, 2008. Office Functions and Other
Operations
Head Office Functions and Other
Operations
comprises
head office and central support
functions
, businesses in transition
and consolidation
adjustments
.
Head office and central support functions
comprises the following areas: Executive Management, Finance, Treasury,
Corporate Affairs, Human Resources, Strategy and Planning, Internal Audit,
Legal, Corporate Secretariat, Property, Tax, Compliance and Risk. Costs
incurred wholly on behalf of the businesses are recharged to them.
Businesses in transition principally relate to
certain lending portfolios that are centrally managed with the objective of
maximising recovery from the assets.
Consolidation adjustments largely reflect the
elimination of inter-segment transactions.
Notes to the Condensed Consolidated Interim
Financial Statements
3
4
.
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