RBS 2008 Annual Report Download - page 263
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RBS Group Annual Report and Accounts 2008262
Notes on the accounts continuedNotes on the accounts continued
38 Segmental analysis (continued)
2008 2007
Owners’ equity £m £m
Global Markets
– Global Banking & Markets 17,100 9,076
– Global Transaction Services 1,202 567
Regional Markets
– UK Retail & Commercial Banking 9,928 8,696
– US Retail & Commercial Banking 10,035 10,865
– Europe & Middle East Retail & Commercial Banking 1,894 1,652
– Asia Retail & Commercial Banking 396 149
RBS Insurance 3,048 2,646
Group Manufacturing 257 149
Central Items 15,019 19,238
58,879 53,038
Note:
(1) Segmental results for 2007 have been restated to reflect transfers of businesses between segments in 2008.
Segmental analysis of goodwill is as follows:
Europe &
Middle East Asia RFS
Global Global UK Retail & US Retail & Retail & Retail & Holdings
Banking & Transaction Commercial Commercial Commercial Commercial RBS minority
Markets Services Banking Banking Banking Banking Insurance interest Total
£m £m £m £m £m £m £m £m £m
At 1 January 2007 2,281 1,742 6,172 5,429 903 298 1,064 — 17,889
Currency translation and other adjustments 227 24 — (103) 48 34 — 957 1,187
Acquisitions 4,834 865 — 66 118 570 — 17,464 23,917
Goodwill written off — (40) ——————(40)
At 1 January 2008 7,342 2,591 6,172 5,392 1,069 902 1,064 18,421 42,953
Transfers to disposal groups ———————(3,692) (3,692)
Currency translation and other adjustments 1,475 678 (2) 2,013 173 225 7 4,336 8,905
Acquisitions 448 42 —— 628 ——524
Disposals (2) ———(47) ——(3,017) (3,066)
Write-down of goodwill (8,946) (44) (46) (4,382) (1,201) (863) (42) (14,538) (30,062)
At 31 December 2008 317 3,267 6,124 3,023 — 292 1,029 1,510 15,562