RBS 2008 Annual Report Download - page 78

77RBS Group Annual Report and Accounts 2008
Balance sheet as at 31 December 2007
Shared Restated
Pro forma Transfers(1) assets statutory(2)
£m £m £m £m
Assets
Cash and balances at central banks 14,240 3,626 — 17,866
Loans and advances to banks 211,000 2,599 5,861 219,460
Net loans and advances to customers 558,075 126,711 1,395 686,181
Reverse repurchase agreements and stock borrowing 142,116 241 — 142,357
Loans and advances to customers 700,191 126,952 1,395 828,538
Debt securities 240,801 35,957 17,898 294,656
Equity shares 46,704 5,532 790 53,026
Settlement balances 16,533 56 — 16,589
Derivatives 275,146 741 1,515 277,402
Intangible assets 27,610 22,198 108 49,916
Property, plant and equipment 16,913 1,826 6 18,745
Prepayments, accrued income and other assets 16,631 285 (1,254) 15,662
Deferred taxation 1,680 1,454 (15) 3,119
Assets of disposal groups 395 44,537 918 45,850
1,567,844 245,763 27,222 1,840,829
Share of shared assets 27,222 — (27,222) —
Total assets 1,595,066 245,763 — 1,840,829
Liabilities
Deposits by banks 303,499 5,813 2,982 312,294
Customer deposits 437,060 108,486 1,901 547,447
Repurchase agreements and stock lending 120,062 14,854 — 134,916
Customer accounts 557,122 123,340 1,901 682,363
Debt securities in issue 220,577 38,003 15,592 274,172
Settlement balances and short positions 89,829 739 453 91,021
Derivatives 270,814 369 869 272,052
Accruals, deferred income and other liabilities 27,873 5,330 1,005 34,208
Retirement benefit liabilities 265 82 113 460
Deferred taxation 3,728 1,471 201 5,400
Insurance liabilities 7,650 2,512 — 10,162
Subordinated liabilities 28,052 6,368 3,623 38,043
Liabilities of disposal groups 6 28,739 483 29,228
1,509,415 212,766 27,222 1,749,403
Share of shared assets 27,222 — (27,222) —
Total liabilities 1,536,637 212,766 — 1,749,403
Minority interests 5,391 32,997 — 38,388
Owners’ equity 53,038 ——53,038
Total equity 58,429 32,997 — 91,426
Total liabilities and equity 1,595,066 245,763 — 1,840,829
Note:
(1) Businesses to be transferred to other consortium members in due course.
(2) The pro forma and statutory balance sheets as at 31 December 2007 have been restated to reflect the finalisation of the purchase accounting adjustments in respect of ABN AMRO and the netting
of certain derivative contracts.