RBS 2008 Annual Report Download - page 77

RBS Group Annual Report and Accounts 200876
Business review continued
Balance sheet as at 31 December 2008
Shared
Pro forma Transfers(1) assets Statutory
£m £m £m £m
Assets
Cash and balances at central banks 11,830 570 — 12,400
Loans and advances to banks 129,408 8,698 91 138,197
Net loans and advances to customers 691,876 143,433 100 835,409
Reverse repurchase agreements and stock borrowing 39,289 24 — 39,313
Loans and advances to customers 731,165 143,457 100 874,722
Debt securities 253,098 14,390 61 267,549
Equity shares 22,094 4,132 104 26,330
Settlement balances 17,812 20 — 17,832
Derivatives 991,493 1,064 2 992,559
Intangible assets 16,386 3,634 29 20,049
Property, plant and equipment 17,169 1,768 12 18,949
Prepayments, accrued income and other assets 20,715 2,829 858 24,402
Deferred taxation 5,409 1,296 377 7,082
Assets of disposal groups 67 1,101 413 1,581
2,216,646 182,959 2,047 2,401,652
Share of shared assets 2,047 — (2,047) —
Total assets 2,218,693 182,959 — 2,401,652
Liabilities
Deposits by banks 261,934 (4,565) 675 258,044
Net customer accounts 460,318 121,051 — 581,369
Repurchase agreements and stock lending 58,143 ——58,143
Customer accounts 518,461 121,051 — 639,512
Debt securities in issue 269,188 30,831 270 300,289
Settlement balances and short positions 54,264 13 — 54,277
Derivatives 969,396 1,955 13 971,364
Accruals, deferred income and other liabilities 23,453 7,342 687 31,482
Retirement benefit liabilities 1,547 468 17 2,032
Deferred taxation 2,930 988 247 4,165
Insurance liabilities 7,480 2,496 — 9,976
Subordinated liabilities 43,678 5,476 — 49,154
Liabilities of disposal groups — 721 138 859
2,152,331 166,776 2,047 2,321,154
Share of shared assets 2,047 — (2,047) —
Total liabilities 2,154,378 166,776 — 2,321,154
Minority interests 5,436 16,183 — 21,619
Owners’ equity 58,879 ——58,879
Total equity 64,315 16,183 — 80,498
Total liabilities and equity 2,218,693 182,959 — 2,401,652
Note:
(1) Businesses to be transferred to other consortium members in due course.