RBS 2005 Annual Report Download - page 66

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64
Operating and financial review
Operating and financial review continued
Analysis of change in net interest income – volume and rate analysis
Volume and rate variances have been calculated based on movements in average balances over the period and changes in interest
rates on average interest-earning assets and average interest-bearing liabilities. Changes due to a combination of volume and rate
are allocated pro rata to volume and rate movements.
2005 over 2004 2005 over pro forma 2004
Increase/(decrease) due to changes in: Increase/(decrease) due to changes in:
Average Average Net Average Average Net
volume rate change volume rate change
£m £m £m £m £m £m
Interest-earning assets
Treasury bills and other eligible bills
UK 101 3 104 102 2 104
Overseas — 1 1 —11
Loans and advances to banks
UK 73 47 120 73 25 98
Overseas 8 36 44 83644
Loans and advances to customers
UK 1,680 680 2,360 1,570 447 2,017
Overseas 1,748 258 2,006 1,652 312 1,964
Debt securities
UK (170) 141 (29) (141) 103 (38)
Overseas 193 40 233 195 38 233
Total interest receivable of the banking business
UK 1,684 871 2,555 1,604 577 2,181
Overseas 1,949 335 2,284 1,855 387 2,242
3,633 1,206 4,839 3,459 964 4,423
Interest-bearing liabilities
Deposits by banks
UK 10 (142) (132) 9 (141) (132)
Overseas (326) (167) (493) (320) (150) (470)
Customer accounts: demand deposits
UK (151) (337) (488) (119) (304) (423)
Overseas (33) (119) (152) (33) (119) (152)
Customer accounts: savings deposits
UK (102) (51) (153) (102) (44) (146)
Overseas (50) (79) (129) (50) (79) (129)
Customer accounts: other time deposits
UK (322) (307) (629) (322) (307) (629)
Overseas (313) (187) (500) (313) (187) (500)
Debt securities in issue
UK (427) (293) (720) (442) (224) (666)
Overseas (180) (224) (404) (125) (279) (404)
Subordinated liabilities
UK (254) (203) (457) (98) (61) (159)
Overseas (140) 1 (139) (16) (36) (52)
Internal funding of trading business
UK 62 143 205 62 143 205
Overseas 27 (8) 19 27 (8) 19
Total interest payable of the banking business
UK (1,184) (1,190) (2,374) (1,012) (938) (1,950)
Overseas (1,015) (783) (1,798) (830) (858) (1,688)
(2,199) (1,973) (4,172) (1,842) (1,796) (3,638)
Movement in net interest income
UK 500 (319) 181 592 (361) 231
Overseas 934 (448) 486 1,025 (471) 554
1,434 (767) 667 1,617 (832) 785