Liberty Financial on Friday published some highlights, but not financial statements, covering the year to June 2008.In a media release, Liberty said normalised net profit after tax fell three per cent to $36.3 million in 2008. The cost of funding increased 13 per cent to $273 million.The lender's loans under management fell six per cent to $3.5 billion. New lending for mortgages fell 37 per cent, though Liberty did not spell out what this level of lending was.Impairment provisions increased 28 per cent to $17 million.In addition to lending for home loans (both prime, through Beat Home Loans, and non-conforming, through a network of mortgage managers) Liberty also provides car loans (often sub-prime) and commercial loans. Lending in these last two categories appears to have expanded over the financial year.While most of Liberty's assets under management are reported through the Liberty Financial entity it isn't clear if the result publicised in the media release reflects a consolidated result for the group.