RBS 2007 Annual Report Download - page 42

RBS Group • Annual Report and Accounts 2007
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Business review continued
Business review
Average balance sheet and related interest
2005
Average
balance Interest Rate
£m £m %
Assets
Treasury bills and other eligible bills – UK 3,160 138 4.37
– Overseas 63 2 3.17
Loans and advances to banks – UK 15,338 649 4.23
– Overseas 9,465 308 3.25
Loans and advances to customers – UK 212,991 13,510 6.34
– Overseas 104,594 5,207 4.98
Debt securities – UK 15,553 697 4.48
– Overseas 22,526 994 4.41
Total interest-earning assets – banking business (2, 3) 383,690 21,505 5.60
– trading business (4) 172,990
Total interest-earning assets 556,680
Non-interest-earning assets (2, 3)180,368
Total assets 737,048
Percentage of assets applicable to overseas operations 35.3%
Liabilities and owners’ equity
Deposits by banks – UK 34,742 1,192 3.43
– Overseas 27,383 891 3.25
Customer accounts: demand deposits – UK 73,653 2,056 2.79
– Overseas 13,858 299 2.16
Customer accounts: savings deposits – UK 26,727 778 2.91
– Overseas 21,700 381 1.76
Customer accounts: other time deposits – UK 60,454 2,328 3.85
– Overseas 32,024 979 3.06
Debt securities in issue – UK 52,672 2,071 3.93
– Overseas 19,621 633 3.23
Subordinated liabilities – UK 23,948 1,122 4.69
– Overseas 2,642 154 5.83
Internal funding of trading business – UK (37,628) (1,125) 2.99
– Overseas (2,186) (39) 1.78
Total interest-bearing liabilities – banking business (2, 3) 349,610 11,720 3.35
– trading business (4) 172,744
Total interest-bearing liabilities 522,354
Non-interest-bearing liabilities
Demand deposits – UK 17,484
– Overseas 11,181
Other liabilities (3, 4) 153,081
Owners’ equity 32,948
Total liabilities and owners’ equity 737,048
Percentage of liabilities applicable to overseas operations 33.5%
Notes:
(1) The analysis into UK and Overseas has been compiled on the basis of location of office.
(2) Interest-earning assets and interest-bearing liabilities exclude the Retail bancassurance assets and liabilities attributable to policyholders, in view of their distinct nature.
As a result, net interest income has been adjusted by £59 million.
(3) Interest income has been adjusted by £115 million and interest expense by £307 million to record interest on financial assets and liabilities designated as at fair value through
profit or loss. Related interest-earning assets and interest-bearing liabilities have also been adjusted.
(4) Interest receivable and interest payable on trading assets and liabilities are included in income from trading activities.