RBS 2007 Annual Report Download - page 209

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RBS Group • Annual Report and Accounts 2007 207
Financial statements
Group
Operating
expenses
Net and Depreciation Allocation of Operating
interest Non-interest insurance and Impairment Manufacturing profit
income income Total claims amortisation losses Contribution costs before tax
2007 £m £m £m £m £m £m £m £m £m
Global Banking & Markets 1,049 5,531 6,580 (2,254) (455) (39) 3,832 (145) 3,687
RFS Holdings excluding
minority interest 275 539 814 (816) (48) (65) (115) — (115)
UK Corporate Banking 2,260 1,482 3,742 (836) (328) (180) 2,398 (437) 1,961
Retail 4,191 3,571 7,762 (2,468) (25) (1,196) 4,073 (1,603) 2,470
Wealth Management 569 459 1,028 (455) (11) (4) 558 (145) 413
Ulster Bank 923 374 1,297 (437) (24) (104) 732 (219) 513
Citizens 1,975 1,147 3,122 (1,340) (118) (341) 1,323 — 1,323
RBS Insurance 611 5,045 5,656 (4,708) (46) — 902 (219) 683
Manufacturing (175) 36 (139) (2,223) (552) — (2,914) 2,914 —
Central items (154) (174) (328) (436) 15 (1) (750) (146) (896)
RFS Holdings minority interest 1,144 437 1,581 (1,056) (84) (198) 243 — 243
12,668 18,447 31,115 (17,029) (1,676) (2,128) 10,282 — 10,282
Amortisation of intangibles — — — (40) (234) — (274) — (274)
Integration cost — — — (48) (60) — (108) — (108)
12,668 18,447 31,115 (17,117) (1,970) (2,128) 9,900 — 9,900
2006
Global Banking & Markets 1,113 5,718 6,831 (2,351) (472) (85) 3,923 (144) 3,779
UK Corporate Banking 2,115 1,347 3,462 (742) (338) (189) 2,193 (431) 1,762
Retail 4,108 3,458 7,566 (2,396) (30) (1,310) 3,830 (1,580) 2,250
Wealth Management 496 393 889 (415) (11) (1) 462 (144) 318
Ulster Bank 812 313 1,125 (364) (21) (104) 636 (215) 421
Citizens 2,085 1,232 3,317 (1,398) (156) (181) 1,582 — 1,582
RBS Insurance 511 5,168 5,679 (4,671) (44) — 964 (215) 749
Manufacturing (174) 45 (129) (2,223) (520) — (2,872) 2,872 —
Central items (470) (268) (738) (582) 24 (8) (1,304) (143) (1,447)
10,596 17,406 28,002 (15,142) (1,568) (1,878) 9,414 — 9,414
Amortisation of intangibles ————(94) — (94) — (94)
Integration costs — — — (118) (16) — (134) — (134)
10,596 17,406 28,002 (15,260) (1,678) (1,878) 9,186 — 9,186
2005
Global Banking & Markets 1,035 4,583 5,618 (1,814) (473) (139) 3,192 (139) 3,053
UK Corporate Banking 1,906 1,266 3,172 (646) (343) (196) 1,987 (416) 1,571
Retail 3,965 3,333 7,298 (2,393) (37) (1,135) 3,733 (1,526) 2,207
Wealth Management 439 345 784 (369) (14) (13) 388 (139) 249
Ulster Bank 713 290 1,003 (314) (25) (95) 569 (208) 361
Citizens 2,122 1,142 3,264 (1,407) (151) (131) 1,575 — 1,575
RBS Insurance 461 5,028 5,489 (4,527) (27) — 935 (208) 727
Manufacturing (169) 50 (119) (2,134) (523) — (2,776) 2,776 —
Central items (554) (386) (940) (419) 5 2 (1,352) (140) (1,492)
9,918 15,651 25,569 (14,023) (1,588) (1,707) 8,251 — 8,251
Amortisation of intangibles ————(97) — (97) — (97)
Integration costs — — — (318) (140) — (458) — (458)
Net gain on sale of strategic
investments and subsidiaries — 333 333 (93) — — 240 — 240
9,918 15,984 25,902 (14,434) (1,825) (1,707) 7,936 — 7,936