RBS 2005 Annual Report Download - page 65

section
01
Operating and
financial review
63
Operating and financial review
Annual Report and Accounts 2005
Pro forma
2004
Average
balance Interest Rate
£m £m %
Assets
Treasury bills and other eligible bills – UK 832 34 4.09
– Overseas 62 1 1.61
Loans and advances to banks – UK 13,589 551 4.05
– Overseas 9,190 264 2.87
Loans and advances to customers – UK 188,141 11,493 6.11
– Overseas 70,947 3,243 4.57
Debt securities – UK 18,907 735 3.89
– Overseas 18,063 761 4.21
Total interest-earning assets – banking business (2, 3) 319,731 17,082 5.34
– trading business (4) 148,545
Total interest-earning assets 468,276
Non-interest-earning assets (2, 3) 155,493
Total assets 623,769
Percentage of assets applicable to overseas operations 28.7%
Liabilities and shareholders’ equity
Deposits by banks – UK 35,033 1,060 3.03
– Overseas 16,806 421 2.51
Customer accounts: demand deposits – UK 68,859 1,633 2.37
– Overseas 11,580 147 1.27
Customer accounts: savings deposits – UK 23,158 632 2.73
– Overseas 18,349 252 1.37
Customer accounts: other time deposits – UK 51,436 1,699 3.30
– Overseas 20,725 479 2.31
Debt securities in issue – UK 40,929 1,405 3.43
– Overseas 13,787 229 1.66
Subordinated liabilities – UK 21,812 963 4.42
– Overseas 2,311 102 4.41
Internal funding of trading business – UK (35,317) (920) 2.60
– Overseas (758) (20) 2.64
Total interest-bearing liabilities – banking business (2, 3) 288,710 8,082 2.80
– trading business (4) 146,771
Total interest-bearing liabilities 435,481
Non-interest-bearing liabilities
Demand deposits – UK 17,263
– Overseas 9,096
Other liabilities (3, 4) 134,523
Shareholders’ equity 27,406
Total liabilities and shareholders’ equity 623,769
Percentage of liabilities applicable to overseas operations 26.7%
Notes:
(1) The analysis into UK and Overseas has been compiled on the basis of location of office.
(2) Interest-earning assets and interest-bearing liabilities exclude the Retail bancassurance long-term assets and liabilities attributable to policyholders, in view of their distinct
nature. As a result, net interest income has been adjusted by £59 million (2004 – £47 million).
(3) Interest income has been adjusted by £115 million (2004 – £49 million) and interest expense by £307 million (2004 – £99 million) to record interest on financial assets and
liabilities designated as at fair value through profit or loss. Related interest-earning assets and interest-bearing liabilities have also been adjusted.
(4) Interest receivable and interest payable on trading assets and liabilities are included in income from trading activites.