RBS 2004 Annual Report Download - page 184
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182
Notes on the accounts
Notes on the accounts continued
43 Reconciliation of operating profit to net cash inflow from operating activities
2004 2003* 2002*
£m £m £m
Operating profit 6,917 6,076 4,852
Increase in prepayments and accrued income (1,609) (514) (636)
Interest on subordinated liabilities 681 551 659
Increase in accruals and deferred income 2,300 1,455 872
Amortisation of and provisions against investment securities 92 60 99
Provisions for bad and doubtful debts 1,428 1,461 1,286
Loans and advances written off net of recoveries (1,321) (1,447) (973)
Profit on sale of tangible fixed assets (69) (30) (32)
Profit on sale of subsidiaries and associates (4) (63) (13)
Profit from associated undertakings (35) (12) (2)
Profit on sale of investment securities (167) (172) (85)
Charge for pensions 381 330 127
Pension contributions (1,146) (141) (168)
Provisions for liabilities and charges 20 36 47
Provisions utilised (47) (99) (56)
Depreciation and amortisation of tangible and intangible fixed assets 2,022 1,682 1,626
Increase in value of long-term assurance business (94) (73) (61)
Net cash inflow from trading activities 9,349 9,100 7,542
(Increase)/decrease in items in the course of collection (128) 240 547
(Increase)/decrease in treasury and other eligible bills (1,264) 6,626 (1,323)
(Increase)/decrease in loans and advances to banks (3,370) 2,797 (2,756)
Increase in loans and advances to customers (69,543) (26,140) (32,670)
(Increase)/decrease in securities (10,367) (9,871) 1,799
Increase in other assets (3,503) (977) (1,181)
Decrease in items in the course of transmission (156) (300) (851)
Increase in deposits by banks 24,310 11,188 14,512
Increase in customer accounts 29,107 15,669 19,383
Increase in debt securities in issue 17,163 7,078 3,269
Increase/(decrease) in other liabilities 4,817 (168) 3,817
Increase in settlement balances and short positions 8,796 3,202 482
Effect of other accruals/deferrals and other non-cash movements 1,096 1,264 1,167
Net cash inflow from operating activities 6,307 19,708 13,737
* restated (see page 139)