RBS 2007 Annual Report Download - page 213

RBS Group • Annual Report and Accounts 2007 211
Financial statements
Group
Rest of
UK USA Europe the World Total
2005 £m £m £m £m £m
Total revenue 27,461 7,562 3,650 780 39,453
Net interest income 6,942 2,225 713 38 9,918
Fees and commissions (net) 3,466 1,100 263 80 4,909
Income from trading activities 1,263 959 56 65 2,343
Other operating income 2,330 211 403 9 2,953
Insurance premium income (net of reinsurers’ share) 5,462 — 317 — 5,779
Total income 19,463 4,495 1,752 192 25,902
Operating profit before tax 5,278 2,032 602 24 7,936
Total assets 492,962 205,514 62,203 16,148 776,827
Total liabilities 473,581 191,189 58,527 15,986 739,283
Net assets attributable to equity owners and minority interests 19,381 14,325 3,676 162 37,544
Contingent liabilities and commitments 168,887 51,392 10,714 1,164 232,157
Cost to acquire property, plant and equipment and intangible assets 3,353 337 1,581 17 5,288
40 Directors’ and key management remuneration
Group
2007 2006
Directors’ remuneration £000 £000
Non-executive directors – emoluments 1,081 998
Chairman and executive directors – emoluments 16,461 19,448
– contributions and allowances in respect of defined
contribution pension schemes 30 101
17,572 20,547
– amounts receivable under long-term incentive plans 1,839 3,997
– gains on exercise of share options 1,474 2
20,885 24,546
Retirement benefits are accruing to five directors (2006 – five) under defined benefit schemes, one (2006 – two) of whom also
accrued benefits under defined contribution schemes.
The executive directors may also participate in the company’s executive share option and sharesave schemes and details of their
interests in the company’s shares arising from their participation are given on page 111. Details of the remuneration received by each
director during the year and each director’s pension arrangements are given on pages 110 to 114.
Compensation of key management
The aggregate remuneration of directors and other members of key management during the year was as follows:
Group
2007 2006
£000 £000
Short-term benefits 37,763 41,003
Post-employment benefits 10,051 11,264
Other long-term 708 3,309
Share-based payments 5,165 2,787
53,687 58,363