Call me a cynical old flightless bird, but I am not one tiny bit surprised at the miraculous "improvement" in Lloyds TSB's results, from a £6.2BILLION loss in 2009 to a £2.2BILLION profit in 2010.
It's a classic ploy. Senior management can see that there is an opportunity to have a massive clearout of all the "problems" without getting any blame because of some external calamity or an unusual situation, such as the "banking collapse" or some take-over or other. So not only do you recognise and write-off all the known issues, you also recognise and write-off through the P&L account a good few extra provisional possible maybe problems. This then gives you a very handy cushion going forward, ensuring bonuses and promotions all round as the "recovery" takes place under your wise and brilliant stewardship.
What's the bottom line? What ever the directors want it to be, of course.