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261RBS Group Annual Report and Accounts 2008
2008 2007 2006
Inter Inter Inter
External segment Total External segment Total External segment Total
Total revenue £m £m £m £m £m £m £m £m £m
Global Markets
Global Banking & Markets 10,324 13,135 23,459 13,338 9,544 22,882 11,246 7,638 18,884
– Global Transaction Services 3,087 80 3,167 2,959 77 3,036 2,073 4 2,077
Regional Markets
– UK Retail & Commercial Banking 18,690 3,718 22,408 18,222 3,820 22,042 16,207 2,804 19,011
– US Retail & Commercial Banking 5,031 5,031 5,184 — 5,184 5,456 2 5,458
– Europe & Middle East Retail
& Commercial Banking 3,572 738 4,310 2,940 197 3,137 2,373 196 2,569
– Asia Retail & Commercial Banking 823 350 1,173 563 330 893 218 252 470
RBS Insurance 6,177 33 6,210 6,333 89 6,422 6,365 82 6,447
Group Manufacturing 37 37 44 1 45 52 5 57
Central Items 1,700 13,405 15,105 1,650 9,972 11,622 296 7,985 8,281
Share of shared assets 257 257 264 — 264 ———
49,698 31,459 81,157 51,497 24,030 75,527 44,286 18,968 63,254
RFS Holdings minority interest 9,703 (24) 9,679 1,534 (255) 1,279 ———
Eliminations (31,435) (31,435) (23,775) (23,775) (18,968) (18,968)
59,401 — 59,401 53,031 — 53,031 44,286 — 44,286
2008 2007 2006
Inter Inter Inter
External segment Total External segment Total External segment Total
Total income £m £m £m £m £m £m £m £m £m
Global Markets
– Global Banking & Markets (99) (2,421) (2,520) 8,457 (1,638) 6,819 8,375 (1,671) 6,704
– Global Transaction Services 2,000 472 2,472 2,134 (356) 1,778 1,528 2 1,530
Regional Markets
– UK Retail & Commercial Banking 12,445 (1,447) 10,998 11,959 (853) 11,106 11,495 (922) 10,573
– US Retail & Commercial Banking 3,049 (39) 3,010 2,837 (56) 2,781 3,072 (82) 2,990
– Europe & Middle East Retail
& Commercial Banking 2,071 (553) 1,518 1,823 (477) 1,346 1,297 (153) 1,144
Asia Retail & Commercial Banking 434 347 781 83 272 355 1 210 211
RBS Insurance 5,549 17 5,566 5,649 7 5,656 5,662 17 5,679
Group Manufacturing (204) (9) (213) (192) (4) (196) (159) (21) (180)
Central Items (4,798) 4,420 (378) (3,576) 3,504 (72) (3,269) 2,620 (649)
Share of shared assets 56 (249) (193) (39) — (39) ———
20,503 538 21,041 29,135 399 29,534 28,002 — 28,002
RFS Holdings minority interest 5,365 (538) 4,827 1,231 (399) 832 ———
25,868 — 25,868 30,366 — 30,366 28,002 — 28,002
Note:
(1) Segmental results for 2007 and 2006 have been restated to reflect transfers of businesses between segments in 2008.
Group
2008 2007
Cost to Cost to
acquire acquire
fixed assets fixed assets
and intangible and intangible
Assets Liabilities assets Assets Liabilities assets
£m £m £m £m £m £m
Global Markets
– Global Banking & Markets 1,672,158 1,580,651 3,105 1,147,384 1,043,060 2,061
– Global Transaction Services 23,962 54,109 4 22,730 58,905 15
Regional Markets
– UK Retail & Commercial Banking 249,385 193,101 1,447 232,821 196,674 1,497
– US Retail & Commercial Banking 103,940 91,834 204 79,078 67,814 171
– Europe & Middle East Retail & Commercial Banking 66,382 48,397 2 56,087 44,772 35
– Asia Retail & Commercial Banking 8,284 15,700 18 7,562 11,629 14
RBS Insurance 12,855 9,086 61 12,459 8,935 92
Group Manufacturing 6,105 2,469 1,235 5,658 2,139 1,001
Central Items 73,575 156,984 4,065 75,487
Share of shared assets 2,047 2,047 27,222 27,222
2,218,693 2,154,378 6,076 1,595,066 1,536,637 4,886
RFS Holdings minority interest 182,959 166,776 174 245,763 212,766 675
2,401,652 2,321,154 6,250 1,840,829 1,749,403 5,561