RBS 2008 Annual Report Download - page 175

Consolidated income statement for the year ended 31 December 2008
RBS Group Annual Report and Accounts 2008174
2008 2007 2006
Note £m £m £m
Interest receivable 49,522 32,252 24,688
Interest payable (30,847) (20,183) (14,092)
Net interest income 118,675 12,069 10,596
Fees and commissions receivable 29,831 8,278 7,116
Fees and commissions payable 2(2,386) (2,193) (1,922)
(Loss)/income from trading activities 2(8,477) 1,292 2,675
Other operating income (excluding insurance premium income) 21,899 4,833 3,564
Insurance net premium income 24 6,326 6,087 5,973
Non-interest income 7,193 18,297 17,406
Total income 25,868 30,366 28,002
Staff costs 10,241 7,338 6,723
Premises and equipment 2,593 1,703 1,421
Other administrative expenses 5,464 2,969 2,658
Depreciation and amortisation 3,154 1,932 1,678
Write-down of goodwill and other intangible assets 32,581 ——
Operating expenses 354,033 13,942 12,480
(Loss)/profit before other operating charges and impairment (28,165) 16,424 15,522
Insurance net claims 24 4,430 4,624 4,458
Impairment 12 8,072 1,968 1,878
Operating (loss)/profit before tax (40,667) 9,832 9,186
Tax 6(2,323) 2,044 2,689
(Loss)/profit from continuing operations (38,344) 7,788 6,497
Profit/(loss) from discontinued operations, net of tax 20 3,971 (76) —
(Loss)/profit for the year (34,373) 7,712 6,497
(Loss)/profit attributable to:
Minority interests (10,832) 163 104
Other owners 7596 246 191
Ordinary shareholders (24,137) 7,303 6,202
(34,373) 7,712 6,497
Per 25p ordinary share:
Basic earnings 10 (145.7p) 64.0p 54.4p
Diluted earnings 10 (145.7p) 63.4p 53.9p
Dividends 819.3p 27.0p 21.6p
The accompanying notes on pages 189 to 266, the accounting policies on pages 178 to 188 and the audited sections of ‘The Business Review: Risk,
Capital and Liquidity Management’ on pages 78 to 144 form an integral part of these financial statements.