RBS 2005 Annual Report Download - page 243

section
04
Additional
information
241
Additional information
Annual Report and Accounts 2005
Amounts in accordance with US GAAP
2005 2005 2004 2003 2002 2001
$m £m £m £m £m £m
Net income available for ordinary shareholders (1) 7,692 4,475 3,909 2,564 3,108 2,062
Shareholders’ equity (1) 69,146 40,229 36,191 31,665 28,177 29,088
Total assets (1) 1,203,823 700,386 631,100 488,046 430,573 386,696
Other financial data based upon US GAAP: 2005 2004 2003 2002 2001
Basic earnings per ordinary share – pence 140.6 126.7 87.5 107.9 74.7
Diluted earnings per ordinary share – pence (2) 140.0 125.9 86.8 106.3 73.2
Dividends per ordinary share – pence 60.6 52.5 45.6 39.7 34.5
Dividend payout ratio 43.1% 40.6% 51.9% 36.7% 45.7%
Return on average total assets (3) 0.64% 0.70% 0.55% 0.75% 0.57%
Return on average ordinary shareholders’ equity (4) 13.4% 13.2% 9.5% 12.1% 8.8%
Average shareholders’ equity as a percentage
of average total assets 5.4% 6.3% 6.5% 7.3% 7.7%
Ratio of earnings to combined fixed charges and preference
share dividends (5)
– including interest on deposits 1.57 1.73 1.98 1.97 1.51
– excluding interest on deposits 5.31 6.34 7.24 6.49 4.63
Ratio of earnings to combined fixed charges only (5)
– including interest on deposits 1.58 1.79 2.07 2.07 1.59
– excluding interest on deposits 5.71 8.28 9.96 9.03 6.98
Notes:
(1) The dollar information included above has been converted from sterling at a rate of US$1.7188, the Noon Buying Rate on 30 December 2005.
(2) All convertible preference shares have a dilutive effect in the current year and as such have been included in the computation of diluted earnings per share. In prior years their
effect was anti-dilutive.
(3) Return on average total assets represents profit attributable to ordinary shareholders as a percentage of average total assets.
(4) Return on average ordinary shareholders’ equity represents profit attributable to ordinary shareholders expressed as a percentage of average ordinary shareholders’ equity.
(5) For this purpose, earnings consist of income before tax and minority interests, plus fixed charges less the unremitted income of associated undertakings (share of profits less
dividends received). Fixed charges consist of total interest expense, including or excluding interest on deposits and debt securities in issue, as appropriate, and the proportion
of rental expense deemed representative of the interest factor (one third of total rental expenses).