RBS 2003 Annual Report Download - page 187

185
Annual Report and Accounts 2003
Notes on the accounts
Rest of
UK USA Europe the World Total
2002 £m £m £m £m £m
Interest receivable 10,372 2,240 837 112 13,561
Dividend income 32 10 16 — 58
Fees and commissions receivable 4,434 601 251 22 5,308
Dealing profits 736 649 42 35 1,462
Other operating income 1,156 28 33 (8) 1,209
General insurance premium income (net of reinsurance) 1,815 — 79 — 1,894
Gross income 18,545 3,528 1,258 161 23,492
Profit/(loss) on ordinary activities before tax 3,840 620 337 (34) 4,763
Total assets 280,390 102,582 25,354 3,674 412,000
Net assets 21,038 4,086 1,928 — 27,052
2001
Interest receivable 11,360 1,816 973 272 14,421
Dividend income 28 9 17 — 54
Fees and commissions receivable 4,079 412 238 6 4,735
Dealing profits 816 532 45 33 1,426
Other operating income 1,039 6 14 (7) 1,052
General insurance premium income (net of reinsurance) 1,364 — 11 — 1,375
Gross income 18,686 2,775 1,298 304 23,063
Profit/(loss) on ordinary activities before tax 3,270 628 426 (72) 4,252
Total assets 243,382 99,082 19,226 7,169 368,859
Net assets 21,392 4,170 1,106 — 26,668
50 Directors’ remuneration
2003 2002
£000 £000
Non-executive directors – emoluments 759 716
Chairman and executive directors – emoluments 7,945 12,286
Chairman and executive directors – contributions and allowances in respect of defined
contribution pension schemes 164 153
8,868 13,155
Chairman and executive directors – amounts receivable under long-term incentive plans 6,056 546
Chairman and executive directors – gains on exercise of share options 2 16
14,926 13,717
Retirement benefits are accruing to six directors (2002 – six) under defined benefit schemes, two (2002 – two) of whom also accrued
benefits under defined contribution schemes.
The executive directors may also participate in the company’s executive share option, sharesave and option 2000 schemes and
details of their interests in the company’s shares arising from their participation are contained on page 129. Details of the
remuneration received by each director during the year and each directors’ pension arrangements are given on pages 128 to 131.