RBS 2007 Annual Report Download - page 216

Amounts in accordance with IFRS
2007 2007 2006 2005 2004
Summary consolidated income statement – IFRS $m £m £m £m £m
Net interest income 25,137 12,668 10,596 9,918 9,071
Non-interest income (1) 36,604 18,447 17,406 15,984 14,320
Total income 61,741 31,115 28,002 25,902 23,391
Operating expenses (2, 3, 4) 28,643 14,435 12,480 11,946 10,362
Profit before other operating charges and impairment losses 33,098 16,680 15,522 13,956 13,029
Insurance net claims 9,231 4,652 4,458 4,313 4,260
Impairment losses 4,222 2,128 1,878 1,707 1,485
Operating profit before tax 19,645 9,900 9,186 7,936 7,284
Tax 4,072 2,052 2,689 2,378 1,995
Profit from continuing operations 15,573 7,848 6,497 5,558 5,289
Loss from discontinued operations, net of tax 270 136 ———
Profit for the year 15,303 7,712 6,497 5,558 5,289
Profit attributable to:
Minority interests 324 163 104 57 177
Other owners 488 246 191 109 256
Ordinary shareholders 14,491 7,303 6,202 5,392 4,856
Notes:
(1) Includes gain on sale of strategic investment of £333 million in 2005.
(2) Includes loss on sale of subsidiaries of £93 million in 2005.
(3) Includes integration expenditure of £108 million in 2007 (2006 – £134 million; 2005 – £458 million; 2004 – £520 million).
(4) Includes purchased intangibles amortisation of £274 million in 2007 (2006 – £94 million; 2005 – £97 million; 2004 – £45 million).
2007 2007 2006 2005 2004
Summary consolidated balance sheet – IFRS $m £m £m £m £m
Loans and advances 2,080,955 1,048,710 549,499 487,813 408,324
Debt securities and equity shares 653,734 329,453 140,755 130,266 98,631
Derivatives and settlement balances 702,440 353,999 124,106 101,668 23,482
Other assets 334,071 168,357 57,072 57,080 57,685
Total assets 3,771,200 1,900,519 871,432 776,827 588,122
Equity owners 105,243 53,038 40,227 35,435 33,905
Minority interests 76,173 38,388 5,263 2,109 3,492
Subordinated liabilities 75,362 37,979 27,654 28,274 20,366
Deposits 1,974,375 994,998 516,365 453,274 383,198
Derivatives, settlement balances and short positions 839,520 423,081 167,588 140,426 51,866
Other liabilities 700,527 353,035 114,335 117,309 95,295
Total liabilities and equity 3,771,200 1,900,519 871,432 776,827 588,122
RBS Group • Annual Report and Accounts 2007
214
Additional information
Additional information
Financial summary
The Group’s financial statements are prepared in accordance
with IFRS as issued by the IASB. Selected data under IFRS for
each of the four years ended 31 December 2007 are
presented on page 214 to 222. Selected data under UK GAAP
for each of the two years ended 31 December 2004 are
presented on pages 223 to 229. The dollar financial
information included below has been converted from sterling at
a rate of £1.00 to US$1.9843, being the Noon Buying Rate on
31 December 2007.