RBS 2008 Annual Report Download - page 42

41RBS Group Annual Report and Accounts 2008
Average balance sheet and related interest
Pro forma 2008 Pro forma 2007
Average Average
balance Interest Rate balance Interest Rate
£m £m % £m £m %
Assets
Loans and advances to banks – UK 18,909 939 4.97 22,172 1,066 4.81
– Overseas 28,474 1,311 4.60 27,212 1,323 4.86
Loans and advances to customers – UK 321,066 19,055 5.93 276,660 19,062 6.89
– Overseas 275,000 16,030 5.83 234,913 13,364 5.69
Debt securities – UK 35,725 1,493 4.18 14,725 914 6.21
– Overseas 57,998 3,114 5.37 35,702 1,905 5.34
Total interest-earning assets – banking business (2, 3) 737,172 41,942 5.69 611,384 37,634 6.16
– trading business (4) 425,454 449,140
Total interest-earning assets 1,162,626 1,060,524
Non-interest-earning assets (2, 3) 661,549 372,688
Total assets 1,824,175 1,433,212
Percentage of assets applicable to overseas operations 42.5% 36.0%
Liabilities and owners’ equity
Deposits by banks – UK 46,217 1,739 3.76 50,784 2,180 4.29
– Overseas 109,705 4,630 4.22 98,795 4,525 4.58
Customer accounts: demand deposits – UK 99,852 2,796 2.80 95,379 3,369 3.53
– Overseas 36,108 672 1.86 30,917 804 2.60
Customer accounts: savings deposits – UK 42,870 1,691 3.94 36,519 1,655 4.53
– Overseas 23,753 570 2.40 21,679 660 3.04
Customer accounts: other time deposits – UK 95,181 3,964 4.16 90,067 4,269 4.74
– Overseas 88,570 3,426 3.87 90,186 4,601 5.10
Debt securities in issue – UK 111,099 4,617 4.16 67,651 3,595 5.31
– Overseas 106,207 4,734 4.46 66,532 3,535 5.31
Subordinated liabilities – UK 26,799 1,369 5.11 23,752 1,312 5.52
– Overseas 8,068 413 5.12 2,887 154 5.33
Internal funding of trading business – UK (85,664) (3,445) 4.02 (59,334) (2,956) 4.98
– Overseas (18,090) (729) 4.03 (57,536) (2,313) 4.02
Total interest-bearing liabilities – banking business (2, 3) 690,675 26,447 3.83 558,278 25,390 4.55
– trading business (4) 466,610 463,230
Total interest-bearing liabilities 1,157,285 1,021,508
Non-interest-bearing liabilities:
Demand deposits – UK 24,300 20,421
– Overseas 9,721 12,048
Other liabilities (3, 4) 574,325 334,841
Owners’ equity 58,544 44,394
Total liabilities and owners’ equity 1,824,175 1,433,212
Percentage of liabilities applicable to overseas operations 42.8% 34.1%
Notes:
(1) The analysis into UK and Overseas has been compiled on the basis of location of office.
(2) Interest-earning assets and interest-bearing liabilities exclude the Retail bancassurance assets and liabilities attributable to policyholders, in view of their distinct nature. As a result, net interest
income has been adjusted by £84 million (2007 – £85 million).
(3) Interest income has been adjusted by £332 million (2007 – £313 million) and interest expense by £860 million (2007 – £536 million) to record interest on financial assets and liabilities designated as
at fair value through profit or loss. Related interest-earning assets and interest-bearing liabilities have also been adjusted.
(4) Interest receivable and interest payable on trading assets and liabilities are included in income from trading activities.