RBS 2005 Annual Report Download - page 3

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Report and accounts
51 Section 01
Operating and financial review
107 Section 02
Governance
133 Section 03
Financial statements
231 Section 04
Additional information
259 Section 05
Shareholder information
Group reviewDivisional reviewCorporate
responsibility
Governance and
financial review
01
Highlights of 2005
Contents
02 Financial highlights
04 Chairman’s statement
06 Group Chief Executive’s review
08 Group profile
10 Divisional profile
Divisional review
14 Corporate Markets
22 Retail Markets
30 Ulster Bank Group
32 Citizens
38 RBS Insurance
42 Manufacturing
Corporate responsibility
46 Corporate responsibility
47 2005 activities
48 Community investment
Annual Report and Accounts 2005
Group operating profit up 16%
to £8.3 billion
Profit before tax up 21% to £7.9 billion
Total dividend for the year of 72.5p
per share, up 25%
Share repurchase of up to £1 billion
Income up 14% to £25.6 billion
Cost:income ratio, excluding acquisitions,
41.8% unchanged from 2004
Adjusted earnings per ordinary share
up 8% to 175.9p
The financial comparisons are with 2004 pro forma results which have been prepared on the basis set out on page 57.