RBS 2006 Annual Report Download - page 3

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06
05
04
04
03
02
28,002
25,569
22,515 pro forma
22,754
19,281
17,016
IFRS
UK GAAP
Income
(£m)
The Group’s total income grew by 10%
to £28,002 million in 2006.
06
05
04
03
02
90.6
72.5
58.0
50.3
43.7
Dividend per ordinary share
(pence)
The directors have recommended a final dividend
of 66.4p per ordinary share which, when added
to the interim dividend of 24.2p, makes a total for
2006 of 90.6p, an increase of 25%.
06
05
04
04
03
02
42.1
42.4
42.0 pro forma
40.8
42.6
44.2
IFRS
UK GAAP
Adjusted cost:income ratio
(%)
The Group’s cost:income ratio was 42.1%.
The cost:income ratio is calculated excluding purchased
intangibles amortisation, integration costs and net gain on
sale of strategic investments and subsidiaries, and after
netting operating lease depreciation against rental income.
06
05
04
04
03
02
9,186
7,936
6,543 pro forma
6,917
6,076
4,852
IFRS
UK GAAP
Profit before tax
(£m)
Group profit before tax rose by 16%
to £9,186 million in 2006.
RBS Group • Annual Report and Accounts 2006
2
Financial highlights
Financial highlights
06
05
04
04
03
02
9,414
8,251
7,108 pro forma
8,101
7,068
6,540
IFRS
UK GAAP
Group operating profit – profit before tax,
purchased intangibles amortisation, integration
costs, and net gain on sale of strategic
investments and subsidiaries in 2005
(£m)
Group operating profit increased by 14%
to £9,414 million in 2006.
06
05
04
04
03
02
200.0
175.9
162.6 pro forma
172.5
157.2
146.3
IFRS
UK GAAP
Adjusted earnings per share
(pence)
Earnings per share increased by 14% to 200.0p for
2006, adjusted for purchased intangibles amortisation,
integration costs, and net gain on sale of strategic
investments and subsidiaries in 2005, and in 2002–2003
for the AVS dividend.
Note:
The accounts are prepared in accordance with International Financial Reporting Standards. Certain standards relating to financial instruments were not adopted until January 2005.
The Group has provided comparative information on a pro forma basis that includes the estimated effect of these standards for the year ended 31 December 2004.