RBS 2007 Annual Report Download - page 206

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Financial statements
RBS Group • Annual Report and Accounts 2007
204
Notes on the accounts continued
(b) Other acquisitions and disposals
Group
2007 2006 2005
£m £m £m
Fair value given for businesses acquired (280) (21) (85)
Cash and cash equivalents acquired 5 ——
Non-cash consideration —10
Net outflow of cash in respect of purchases (275) (21) (75)
Cash and cash equivalents in businesses sold 21 229 10
Other assets sold 16 36 208
Non-cash consideration (2) (1) (30)
Profit/(loss) on disposal 67 44 (80)
Net inflow of cash in respect of disposals 102 308 108
Dividends received from joint ventures 11 29 16
Cash expenditure on intangible assets (435) (379) (345)
Net outflow (597) (63) (296)
Excluding the impact of the amortisation of fair value adjustments and funding costs, it is estimated that the Group would have
reported total income of £40.7 billion and profit after tax from continuing operations for the year of £9.2 billion had all acquisitions
occurred on 1 January 2007.
36 Interest received and paid
Group Company
2007 2006 2005 2007 2006 2005
£m £m £m £m £m £m
Interest received 32,720 24,381 21,608 457 594 488
Interest paid (18,976) (14,656) (11,878) (746) (632) (704)
13,744 9,725 9,730 (289) (38) (216)
35 Analysis of the net investment in business interests and intangible assets (continued)