RBS 2007 Annual Report Download - page 172

RBS Group • Annual Report and Accounts 2007
170
Notes on the accounts continued
Financial statements
24 Subordinated liabilities
Group Company
2007 2006 2007 2006
£m £m £m £m
Dated loan capital 23,065 13,772 5,585 5,531
Undated loan capital 9,866 9,555 781 834
Preference shares 1,686 2,277 1,377 1,829
Trust preferred securities 3,362 2,050 ——
37,979 27,654 7,743 8,194
Certain preference shares issued by the company are classified as liabilities; these securities remain subject to the capital maintenance
rules of the Companies Act 1985.
The following tables analyse the remaining maturity of subordinated liabilities by (1) the final redemption date; and (2) the next
callable date.
Group
2008 2009 2010-2012 2013-2017 Thereafter Perpetual Total
2007 – final redemption £m £m £m £m £m £m £m
Sterling 194 — 34 1,405 389 5,818 7,840
US$ 874 1,505 620 5,477 743 3,985 13,204
Euro 764 1,312 1,405 5,711 1,674 3,164 14,030
Other 35 — 6 2,076 325 463 2,905
Total 1,867 2,817 2,065 14,669 3,131 13,430 37,979
Group
Currently 2008 2009 2010-2012 2013-2017 Thereafter Perpetual Total
2007 – call date £m £m £m £m £m £m £m £m
Sterling — 194 — 1,497 2,456 3,527 166 7,840
US$ 1,347 1,463 2,550 4,485 1,678 1,681 — 13,204
Euro — 1,612 1,685 4,992 5,091 611 39 14,030
Other — 35 431 843 1,468 128 — 2,905
Total 1,347 3,304 4,666 11,817 10,693 5,947 205 37,979
Group
2007 2008 2009-2011 2012-2016 Thereafter Perpetual Total
2006 – final redemption £m £m £m £m £m £m £m
Sterling 352 — — 772 391 5,960 7,475
US$ 112 87 1,123 3,938 229 4,893 10,382
Euro 187 173 955 2,656 1,578 2,381 7,930
Other 24 — — 984 445 414 1,867
Total 675 260 2,078 8,350 2,643 13,648 27,654
Group
Currently 2007 2008 2009–2011 2012–2016 Thereafter Perpetual Total
2006 – call date £m £m £m £m £m £m £m £m
Sterling — 502 — 1,103 2,161 3,543 166 7,475
US$ 1,843 1,200 469 3,835 1,859 1,176 — 10,382
Euro — 274 948 1,634 4,473 565 36 7,930
Other — 24 — 701 1,043 99 — 1,867
Total 1,843 2,000 1,417 7,273 9,536 5,383 202 27,654