RBS 2004 Annual Report Download - page 74

72
Operating and financial review
Operating and financial review continued
Average balance sheet and related interest
2004 2003*
Average Average
balance Interest Rate balance Interest Rate
£m £m % £m £m %
Assets
Treasury and other eligible bills – UK 835 34 4.07 1,378 48 3.48
– Overseas 62 1 1.61 64 1 1.56
Loans and advances to banks – UK 13,528 527 3.90 13,724 459 3.34
– Overseas 9,189 264 2.87 9,559 212 2.22
Loans and advances to customers – UK 184,837 11,152 6.03 168,390 9,519 5.65
– Overseas 69,118 3,201 4.63 44,862 2,240 4.99
Debt securities – UK 19,549 756 3.87 23,810 754 3.17
– Overseas 18,132 761 4.20 17,927 765 4.27
Total interest-earning assets – banking business 315,250 16,696 5.30 279,714 13,998 5.00
– trading business (3) 133,353 96,648
Total interest-earning assets 448,603 376,362
Non-interest-earning assets 70,510 66,060
Total assets 519,113 442,422
Percentage of assets applicable to overseas operations 33.1% 32.4%
Liabilities and shareholders’ equity
Deposits by banks – UK 35,059 1,060 3.02 28,220 703 2.49
– Overseas 16,425 398 2.42 9,565 218 2.28
Customer accounts: demand deposits – UK 67,519 1,569 2.32 64,469 1,028 1.59
– Overseas 11,580 147 1.27 9,166 70 0.76
Customer accounts: savings deposits – UK 24,147 673 2.79 18,653 503 2.70
– Overseas 18,349 252 1.37 16,310 260 1.59
Customer accounts: other time deposits – UK 51,591 1,712 3.32 49,880 1,478 2.96
– Overseas 20,725 479 2.31 16,642 374 2.25
Debt securities in issue – UK 37,097 1,229 3.31 29,977 914 3.05
– Overseas 12,320 229 1.86 9,630 119 1.24
Loan capital – UK 17,959 665 3.70 15,342 534 3.48
– Overseas 235 15 6.38 154 16 10.39
Internal funding of trading business – UK (35,317) (920) 2.60 (21,258) (497) 2.34
– Overseas (758) (20) 2.64 (1,651) (23) 1.39
Total interest-bearing liabilities – banking business 276,931 7,488 2.70 245,099 5,697 2.32
– trading business (3) 131,743 93,466
Total interest-bearing liabilities 408,674 338,565
Non-interest-bearing liabilities
Demand deposits – UK 17,765 17,589
– Overseas 9,101 7,330
Other liabilities 53,726 52,810
Shareholders’ funds – equity 26,538 22,973
– non-equity 3,309 3,155
Total liabilities and shareholders’ equity 519,113 442,422
Percentage of liabilities applicable to overseas operations 30.6% 30.6%
* restated (see page 139)
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.