RBS 2009 Annual Report Download - page 116
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RBS Group Annual Report and Accounts 2009114
Income statement for the year ended 31 December 2008 RFS Reallocation
minority of one-off
Pro forma interest items Statutory
£m £m £m £m
Net interest income 15,764 2,911 — 18,675
Non-interest income (excluding insurance net premium income) (874) 1,299 442 867
Insurance net premium income 5,709 617 — 6,326
Non-interest income 4,835 1,916 442 7,193
Total income 20,599 4,827 442 25,868
Operating expenses (16,188) (19,303) (18,711) (54,202)
Profit/(loss) before other operating charges 4,411 (14,476) (18,269) (28,334)
Insurance net claims (3,917) (513) — (4,430)
Operating profit/(loss) before impairment losses 494 (14,989) (18,269) (32,764)
Impairment losses (7,432) (640) — (8,072)
Operating loss (6,938) (15,629) (18,269) (40,836)
Amortisation of purchased intangible assets (443) — 443 —
Write-down of goodwill and other intangible assets (16,911) — 16,911 —
Integration and restructuring costs (1,357) — 1,357 —
Strategic disposals 442 — (442) —
Operating loss before tax (25,207) (15,629) — (40,836)
Tax credit 1,995 328 — 2,323
Loss from continuing operations (23,212) (15,301) — (38,513)
(Loss)/profit from discontinued operations, net of tax (86) 4,057 — 3,971
Loss for the year (23,298) (11,244) — (34,542)
Minority interests (412) 11,244 — 10,832
Preference share and other dividends (596) — — (596)
Loss attributable to ordinary and B shareholders (24,306) — — (24,306)
Business review continued