RBS 2008 Annual Report Download - page 2

1RBS Group Annual Report and Accounts 2008
Contents
02 Chairman’s statement
04 Group Chief Executive’s review
Divisional review
07 Global Banking & Markets
09 Global Transaction Services
10 UK Retail & Commercial Banking
13 US Retail & Commercial Banking
14 Europe & Middle East Retail &
Commercial Banking
15 Asia Retail & Commercial Banking
16 RBS Insurance
Corporate Responsibility
18 Our approach
18 Progress against priorities in 2008
19 Investing in financial education
20 Supporting business customers
21 Supporting personal customers
21 Environment
Report and accounts
23 Business review
145 Governance
171 Financial statements
267 Additional information
285 Shareholder information
2008 Key financials
Annual Report and
Accounts 2008
Pro forma
Underlying profit (1) £80 million
Loss attributable to
ordinary shareholders (2) £7.9 billion
Total income (3) £26.9 billion
Impairment losses (4) £7.0 billion
Credit market losses (5) £7.8 billion
Write-down of goodwill and
other intangible assets (6) £16.2 billion
Total capital ratio 14.2%
Core Tier 1 capital ratio (7) 7.0%
Tier 1 capital ratio 9.9%
Basic loss per ordinary share (8) (61.0p)
Statutory
Loss before tax £40.7 billion
Loss attributable to
ordinary shareholders £24.1 billion
Basic loss per ordinary share (145.7p)
Core Tier 1 capital ratio 6.8%
The key pro forma financials above are based on the pro forma results
for the year ended 31 December 2008 and include only those business
units of ABN AMRO Holding N.V. which will be retained by the Group.
The statutory results are presented on pages 177 to 266.
Notes:
(1) Profit before tax, credit market write-downs and one-off items, impairment losses on
reclassified assets, purchased intangibles amortisation, write-down of goodwill and
other intangible assets, integration costs, restructuring costs and share of ABN AMRO
shared assets.
(2) Before write-down of goodwill and other intangible assets, net of tax.
(3) Excluding credit market write-downs and one-off items and share of shared assets.
(4) Excluding impairment losses on reclassified assets.
(5) Net of CDS hedging.
(6) Net of tax.
(7) Adjusted for the conversion of preference shares into ordinary shares.
(8) Loss per ordinary share is based on the assumption that the rights issue and capitalisation
issue were completed on 1 January 2008.