RBS 2007 Annual Report Download - page 211
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RBS Group • Annual Report and Accounts 2007 209
Financial statements
Group
Cost to
acquire fixed
assets and
Assets – Liabilities – intangible Cost to
before before assets – before acquire
allocation of Allocation of allocation of Allocation of allocation of Allocation of fixed assets
Manufacturing Manufacturing Manufacturing Manufacturing Manufacturing Manufacturing and intangible
assets assets Assets liabilities liabilities Liabilities assets assets assets
2006 £m £m £m £m £m £m £m £m £m
Global Banking & Markets 498,267 228 498,495 444,496 — 444,496 2,069 14 2,083
UK Corporate Banking 88,694 417 89,111 80,254 — 80,254 1,284 46 1,330
Retail 113,383 3,546 116,929 92,981 1,014 93,995 13 186 199
Wealth Management 10,987 196 11,183 29,375 — 29,375 79 19 98
Ulster Bank 44,515 265 44,780 34,534 — 34,534 166 24 190
Citizens 82,531 — 82,531 69,770 — 69,770 203 — 203
RBS Insurance 12,252 397 12,649 9,085 — 9,085 83 54 137
Manufacturing 5,709 (5,709) — 1,884 (1,884) — 361 (361) —
Central items 15,094 660 15,754 63,563 870 64,433 482 18 500
Group 871,432 — 871,432 825,942 — 825,942 4,740 — 4,740
2007 2006
Owners’ equity by division £m £m
Global Banking & Markets 11,584 10,745
RFS Holdings excluding minority interests 18,162 —
UK Corporate Banking 7,619 6,987
Retail 5,977 6,057
Wealth Management 549 487
Ulster Bank 2,829 2,960
Citizens 11,001 11,765
RBS Insurance 2,646 2,461
Manufacturing 250 246
Central items (7,579) (1,481)
Group 53,038 40,227
Note:
(1) Segmental results for 2006 have been restated to reflect transfers of businesses between segments in 2007.
Segmental analysis of goodwill is as follows:
Group
Global UK
Banking & Corporate Wealth Ulster RBS ABN Central
Markets Banking Retail Management Bank Citizens Insurance AMRO items Total
£m £m £m £m £m £m £m £m £m £m
At 1 January 2006 31 55 263 137 414 7,444 1,064 — 9,415 18,823
Currency translation and other adjustments 4 — (8) (7) (9) (904) — — — (924)
Disposals — — — (3) — (7) — — — (10)
At 1 January 2007 35 55 255 127 405 6,533 1,064 — 9,415 17,889
Currency translation and other adjustments 2 (7) 10 7 38 (126) 1 1,274 — 1,199
Acquisitions — — — — — 66 — 23,255 — 23,321
Transfer between divisions — — (54) — 54—————
Impairment of goodwill — — (40) — —————(40)
At 31 December 2007 37 48 171 134 497 6,473 1,065 24,529 9,415 42,369