RBS 2003 Annual Report Download - page 70

Operating and financial review continued
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Operating and financial review
Average balance sheet and related interest
2003 2002
Average Average
balance Interest Rate balance Interest Rate
£m £m % £m £m %
Assets
Treasury and other eligible bills – UK 1,378 48 3.5 910 24 2.6
– Overseas 64 1 1.6 351 6 1.7
Loans and advances to banks – UK 13,724 459 3.3 13,439 532 4.0
– Overseas 9,559 212 2.2 9,811 304 3.1
Loans and advances to customers – UK 168,390 9,519 5.7 154,202 9,141 5.9
– Overseas 44,862 2,240 5.0 35,759 1,963 5.5
Debt securities – UK 23,810 754 3.2 17,950 675 3.8
– Overseas 17,927 765 4.3 18,188 916 5.0
Total interest-earning assets – banking business 279,714 13,998 5.0 250,610 13,561 5.4
– trading business (3) 96,648 78,380
Total interest-earning assets 376,362 328,990
Non-interest-earning assets 67,026 65,898
Total assets 443,388 394,888
Percentage of assets applicable to overseas operations 32.4% 32.0%
Liabilities and shareholders’ equity
Deposits by banks – UK 28,220 703 2.5 21,090 544 2.6
– Overseas 9,565 218 2.3 9,058 215 2.4
Customer accounts: demand deposits – UK 64,469 1,028 1.6 58,618 1,062 1.8
– Overseas 9,166 70 0.8 8,275 99 1.2
Customer accounts: savings deposits – UK 18,653 503 2.7 16,002 463 2.9
– Overseas 16,310 260 1.6 11,742 229 2.0
Customer accounts: other time deposits – UK 49,880 1,478 3.0 45,902 1,542 3.4
– Overseas 16,642 374 2.2 16,264 462 2.8
Debt securities in issue – UK 29,977 914 3.0 24,154 965 4.0
– Overseas 9,630 119 1.2 8,693 209 2.4
Loan capital – UK 15,342 534 3.5 13,154 640 4.9
– Overseas 154 16 10.4 166 17 10.2
Internal funding of trading business – UK (21,258) (497) 2.3 (20,129) (709) 3.5
– Overseas (1,651) (23) 1.4 (1,301) (26) 2.0
Total interest-bearing liabilities – banking business 245,099 5,697 2.3 211,688 5,712 2.7
– trading business (3) 93,466 75,059
Total interest-bearing liabilities 338,565 286,747
Non-interest-bearing liabilities
Demand deposits – UK 17,589 21,848
– Overseas 7,330 6,401
Other liabilities 51,793 52,600
Shareholders’ funds – equity 24,956 23,553
– non-equity 3,155 3,739
Total liabilities and shareholders’ equity 443,388 394,888
Percentage of liabilities applicable to overseas operations 30.7% 30.4%
Notes:
(1) The analysis into UK and Overseas has been compiled on the basis of location of office.
(2) Loans and advances to customers include non-accrual loans. Interest income includes income on non-accruing loans only to the extent cash payments have been received.
(3) Interest receivable and interest payable on trading assets and liabilities are included in dealing profits.