RBS 2006 Annual Report Download - page 55
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RBS Group • Annual Report and Accounts 2006
54
Operating and financial review continued
Operating and financial review
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.
2006 over 2005
Increase/(decrease) due to changes in:
Average Average Net
volume rate change
£m £m £m
Interest-earning assets
Treasury bills and other eligible bills
UK (48) — (48)
Overseas —11
Loans and advances to banks
UK 22 26 48
Overseas (72) 46 (26)
Loans and advances to customers
UK 1,681 13 1,694
Overseas 886 884 1,770
Debt securities
UK (115) 80 (35)
Overseas (23) 80 57
Total interest receivable of the banking business
UK 1,540 119 1,659
Overseas 791 1,011 1,802
2,331 1,130 3,461
Interest-bearing liabilities
Deposits by banks
UK (44) (157) (201)
Overseas (49) (288) (337)
Customer accounts: demand deposits
UK (353) (19) (372)
Overseas 17 (159) (142)
Customer accounts: savings deposits
UK (133) (147) (280)
Overseas 37 (185) (148)
Customer accounts: other time deposits
UK (296) (183) (479)
Overseas (164) (493) (657)
Debt securities in issue
UK (133) (466) (599)
Overseas (209) (234) (443)
Subordinated liabilities
UK (3) (106) (109)
Overseas — (6) (6)
Internal funding of trading business
UK 231 537 768
Overseas 81 87 168
Total interest payable of the banking business
UK (731) (541) (1,272)
Overseas (287) (1,278) (1,565)
(1,018) (1,819) (2,837)
Movement in net interest income
UK 809 (422) 387
Overseas 504 (267) 237
1,313 (689) 624