RBS 2008 Annual Report Download - page 258

257RBS Group Annual Report and Accounts 2008
(b) Other acquisitions and disposals
Group
2008 2007 2006
£m £m £m
Fair value given for businesses acquired (1,810) (280) (21)
Cash and cash equivalents acquired — 5—
Non-cash consideration (17) ——
Net outflow of cash in respect of purchases (1,827) (275) (21)
Cash and cash equivalents in businesses sold — 21 229
Other assets sold 739 16 36
Non-cash consideration (103) (2) (1)
Profit on disposal 943 67 44
Net inflow of cash in respect of disposals 1,579 102 308
Dividends received from joint ventures 89 11 29
Cash expenditure on intangible assets 2,411 (435) (379)
Net outflow 2,252 (597) (63)
The Group’s reported result from continuing operations for the year would not have been materially affected had all acquisitions occurred on
1 January 2008. The profit on disposal arises on the sales of Angel Trains, Tesco Personal Finance and the European Consumer Finance business
during the year.
35 Interest received and paid
Group Company
2008 2007 2006 2008 2007 2006
£m £m £m £m £m £m
Interest received 52,393 31,552 24,381 794 457 594
Interest paid (31,614) (18,407) (14,656) (1,325) (746) (632)
20,779 13,145 9,725 (531) (289) (38)