RBS 2004 Annual Report Download - page 75

section
01
Operating and
financial review
73
Annual Report and Accounts 2004
Operating and financial review
2002*
Average
balance Interest Rate
£m £m %
Assets
Treasury and other eligible bills – UK 910 24 2.64
Treasury and other eligible bills – Overseas 351 6 1.71
Loans and advances to banks – UK 13,439 532 3.96
Loans and advances to banks – Overseas 9,811 304 3.10
Loans and advances to customers – UK 154,202 9,141 5.93
Loans and advances to customers – Overseas 35,759 1,963 5.49
Debt securities – UK 17,950 675 3.76
Debt securities – Overseas 18,188 916 5.04
Total interest-earning assets – banking business 250,610 13,561 5.41
– trading business (3) 78,380
Total interest-earning assets 328,990
Non-interest-earning assets 64,867
Total assets 393,857
Percentage of assets applicable to overseas operations 32.0%
Liabilities and shareholders’ equity
Deposits by banks – UK 21,090 544 2.58
Deposits by banks – Overseas 9,058 215 2.37
Customer accounts: demand deposits – UK 58,618 1,062 1.81
Customer accounts: demand deposits – Overseas 8,275 99 1.20
Customer accounts: savings deposits – UK 16,002 463 2.89
Customer accounts: savings deposits – Overseas 11,742 229 1.95
Customer accounts: other time deposits – UK 45,902 1,542 3.36
Customer accounts: other time deposits – Overseas 16,264 462 2.84
Debt securities in issue – UK 24,154 965 4.00
Debt securities in issue – Overseas 8,693 209 2.40
Loan capital – UK 13,154 640 4.87
Loan capital – Overseas 166 17 10.24
Internal funding of trading business – UK (20,129) (709) 3.52
Internal funding of trading business – Overseas (1,301) (26) 2.00
Total interest-bearing liabilities – banking business 211,688 5,712 2.70
– trading business (3) 75,059
Total interest-bearing liabilities 286,747
Non-interest-bearing liabilities
Demand deposits – UK 21,848
Demand deposits – Overseas 6,401
Other liabilities 52,047
Shareholders’ funds – equity 23,075
Shareholders’ funds – non-equity 3,739
Total liabilities and shareholders’ equity 393,857
Percentage of liabilities applicable to overseas operations 30.4%
* 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.