RBS 2006 Annual Report Download - page 227
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RBS Group • Annual Report and Accounts 2006
226
Additional information
Additional information
Financial summary
The Group’s accounts are prepared in accordance with IFRS,
which differ in certain significant respects from US GAAP.
For a discussion of such differences and a reconciliation
between IFRS and US GAAP, see Note 47 on the accounts.
The dollar financial information included below has been
converted from sterling at a rate of £1.00 to US$1.9586, being
the Noon Buying Rate on 29 December 2006 (the last business
day in 2006).
Amounts in accordance with IFRS
2006 2006 2005 2004
Summary consolidated income statement – IFRS $m £m £m £m
Net interest income 20,753 10,596 9,918 9,071
Non-interest income (1) 34,091 17,406 15,984 14,320
Total income 54,844 28,002 25,902 23,391
Operating expenses (2,3,4) 24,443 12,480 11,946 10,362
Insurance net claims 8,731 4,458 4,313 4,260
Operating profit before impairment losses 21,670 11,064 9,643 8,769
Impairment losses 3,678 1,878 1,707 1,485
Operating profit before tax 17,992 9,186 7,936 7,284
Tax 5,267 2,689 2,378 1,995
Profit for the year 12,725 6,497 5,558 5,289
Minority interests 204 104 57 177
Preference dividends 374 191 109 256
Profit attributable to ordinary shareholders 12,147 6,202 5,392 4,856
Notes:
(1) Includes gain on sale of strategic investment of £333 million in 2005.
(2) Includes loss on sale of subsidiaries of £93 million in 2005.
(3) Includes integration expenditure of £134 million for the year ended 31 December 2006 (2005 – £458 million; 2004 – £520 million).
(4) Includes purchased intangibles amortisation of £94 million for the year ended 31 December 2006 (2005 – £97 million; 2004 – £45 million).
2006 2006 2005 2004
Summary consolidated balance sheet – IFRS $m £m £m £m
Loans and advances 1,076,249 549,499 487,813 408,324
Debt securities and equity shares 275,683 140,755 130,266 98,631
Derivatives and settlement balances 243,074 124,106 101,668 23,482
Other assets 111,781 57,072 57,080 57,685
Total assets 1,706,787 871,432 776,827 588,122
Shareholders’ equity 78,789 40,227 35,435 33,905
Minority interests 10,308 5,263 2,109 3,492
Subordinated liabilities 54,163 27,654 28,274 20,366
Total capital resources 143,260 73,144 65,818 57,763
Deposits 1,011,352 516,365 453,274 383,198
Derivatives, settlement balances and short positions 328,238 167,588 140,426 51,866
Other liabilities 223,937 114,335 117,309 95,295
Total liabilities and equity 1,706,787 871,432 776,827 588,122