RBS 2006 Annual Report Download - page 203
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Financial statements
RBS Group • Annual Report and Accounts 2006
202
Notes on the accounts continued
39 Interest received and paid
Group Company
2006 2005 2004 2006 2005 2004
£m £m £m £m £m £m
Interest received 24,381 21,608 17,025 594 488 337
Interest paid (14,656) (11,878) (8,164) (632) (704) (402)
9,725 9,730 8,861 (38) (216) (65)
40 Analysis of changes in financing during the year
Group Company
Share capital Share capital
& share premium Subordinated liabilities & share premium Subordinated liabilities
2006 2005 2006 2005 2006 2005 2006 2005
£m £m £m £m £m £m £m £m
At 1 January 12,603 13,786 28,274 20,366 12,603 13,786 9,242 5,935
Implementation of IAS 32 on 1 January 2005 (3,161) 7,160 (3,161) 3,308
Issue of ordinary shares 104 163 104 163
Issue of equity preference shares 671 1,649 671 1,649
Repurchase of ordinary shares (394) —(394) —
Net proceeds from issue of
subordinated liabilities 3,027 1,234 399 337
Repayment of subordinated liabilities (1,318) (1,553) (547) (1,183)
Net cash inflow/(outflow) from financing 381 1,812 1,709 (319) 381 1,812 (148) (846)
Currency translation and other adjustments 313 166 (2,329) 1,067 313 166 (900) 845
At 31 December 13,297 12,603 27,654 28,274 13,297 12,603 8,194 9,242
41 Analysis of cash and cash equivalents
Group Company
2006 2005 2004 2006 2005 2004
£m £m £m £m £m £m
At 1 January
– cash 25,476 23,723 20,937 30 60 19
– cash equivalents 27,073 26,298 27,184 1,096 249 64
Net cash inflow 19,102 2,528 1,900 (469) 817 226
At 31 December 71,651 52,549 50,021 657 1,126 309
Comprising:
Cash and balances at central banks 5,752 4,456 4,035 ———
Treasury bills and debt securities 1,596 998 3,016 ———
Loans and advances to banks 64,303 47,095 42,970 657 1,126 309
Cash and cash equivalents 71,651 52,549 50,021 657 1,126 309
Certain subsidiary undertakings are required to maintain balances with the Bank of England which, at 31 December 2006, amounted
to £369 million (2005 – £303 million). Certain subsidiary undertakings are required by law to maintain reserve balances with the Federal
Reserve Bank in the US. Such reserve balances amounted to US$13 million at 31 December 2006 (2005 – US$156 million).