RBS 2008 Annual Report Download - page 76

75RBS Group Annual Report and Accounts 2008
Income statement for the year ended 31 December 2007
Credit Intangibles
289 days 76 days 76 days market amortisation
RBS share RBS share RFS write-downs and
of ABN Funding of shared minority and one-off integration
Pro forma AMRO adjustments assets interest items costs Statutory
£m £m £m £ £m £m £m £m
Net interest income 12,382 (1,350) 477 15 545 — — 12,069
Non-interest income (excluding insurance
net premium income) 15,200 (1,866) 16 (54) 182 (1,268) — 12,210
Insurance net premium income 5,982 — — — 105 — — 6,087
Non-interest income excluding credit market
write-downs and one-off items 21,182 (1,866) 16 (54) 287 (1,268) — 18,297
Credit market write-downs and one-off items (1,268) ————1,268 — —
Non-interest income 19,914 (1,866) 16 (54) 287 — — 18,297
Total income 32,296 (3,216) 493 (39) 832 — — 30,366
Operating expenses excluding one-off items 16,618 (3,376) — 37 535 (242) 370 13,942
One-off items (242) ——— — 242 — —
Profit before other operating charges 15,920 160 493 (76) 297 — (370) 16,424
Insurance net claims 4,528 — — — 96 — — 4,624
Operating profit before impairment 11,392 160 493 (76) 201 — (370) 11,800
Impairment 2,104 (171) — (3) 38 — — 1,968
Group operating profit 9,288 331 493 (73) 163 — (370) 9,832
Amortisation of purchased intangible assets 124 53 — — 85 — (262) —
Integration costs 108 — — — — — (108) —
Share of shared assets 94 (21) — (73) — — — —
Profit before tax 8,962 299 493 — 78 — — 9,832
Tax 1,709 193 148 — (6) — — 2,044
Profit from continuing operations 7,253 106 345 — 84 — — 7,788
Loss from discontinued operations, net of tax — — — — (76) — — (76)
Profit for the period 7,253 106 345 — 8 — — 7,712
Minority interests 184 (26) — — 5 — — 163
Preference dividends 246 ——— — — — 246
Profit attributable to ordinary shareholders 6,823 132 345 —3— — 7,303