RBS 2007 Annual Report Download - page 146

RBS Group • Annual Report and Accounts 2007
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Notes on the accounts continued
Financial statements
6 Profit attributable to other owners
Group
2007 2006 2005
£m £m £m
Dividends paid to other owners:
Non-cumulative preference shares of US$0.01 152 99 58
Non-cumulative preference shares of 0.01 94 92 51
Total 246 191 109
Notes:
(1) In accordance with IAS 32, certain preference share issued by the company are included in subordinated liabilities and the related finance cost in interest payable.
(2) Between 1 January 2008 and the date of approval of these accounts, dividends amounting to US$161 million have been declared in respect of equity preference shares for
payment on 31 March 2008.
7 Ordinary dividends
Prior year ordinary dividends per share in the table below have been restated for the effect of the bonus issue of ordinary shares
in May 2007.
Group
2007 2006 2005 2007 2006 2005
p per share p per share p per share £m £m £m
Final dividend for previous year declared during the current year 22.1 17.7 13.7 2,091 1,699 1,308
Interim dividend 10.1 8.1 6.5 953 771 619
Total dividends paid on ordinary equity shares 32.2 25.8 20.2 3,044 2,470 1,927
Final dividends are not accounted for until they have been ratified by members in a general meeting. At the Annual General Meeting
on 23 April 2008, a final dividend will be proposed in respect of 2007 of 23.1 pence per share (2006 – 22.1 pence per share) amounting
to a total of £2.3 billion (2006 – £2.1 billion). The financial statements for the year ended 31 December 2007 do not reflect this dividend
which, if approved, will be accounted for in owners’ equity as an appropriation of retained profits in the year ending
31 December 2008.
8 Profit dealt with in the accounts of the company
As permitted by section 230(3) of the Companies Act 1985, the primary financial statements of the company do not include an
income statement. Condensed information is set out below:
Company
2007 2006 2005
£m £m £m
Dividends received from banking subsidiary 2,330 3,502 2,082
Dividends received from other subsidiaries 415 229 100
Total income 2,745 3,731 2,182
Interest receivable from subsidiaries 460 516 577
Interest payable to subsidiaries (307) (246) (189)
Other net interest payable and operating expenses (526) (515) (638)
Operating profit before tax 2,372 3,486 1,932
Tax 127 13 142
Profit for the year 2,499 3,499 2,074
Profit attributable to:
Ordinary shareholders 2,253 3,308 1,965
Other owners 246 191 109
2,499 3,499 2,074