RBS 2009 Annual Report Download - page 301

Financial statements
Notes on the accounts
299RBS Group Annual Report and Accounts 2009
15 Equity shares Group
2009 2008 2007
Listed Unlisted Total Listed Unlisted Total Listed Unlisted Total
£m £m £m £m £m £m £m £m £m
Held-for-trading 14,394 49 14,443 15,894 1,160 17,054 33,696 3,850 37,546
Designated as at fair value
through profit or loss 1,548 644 2,192 1,340 761 2,101 1,856 6,010 7,866
Available-for-sale 937 1,956 2,893 4,882 2,293 7,175 5,622 1,992 7,614
16,879 2,649 19,528 22,116 4,214 26,330 41,174 11,852 53,026
Available-for-sale
Gross unrealised gains 293 312 605 1,505 172 1,677 3,467 130 3,597
Gross unrealised losses (14) (68) (82) (225) (103) (328) (3) (7) (10)
Gross gains of £393 million (2008 – £190 million; 2007 – £475 million)
and gross losses of £132 million (2008 – £70 million; 2007 – £9 million)
were realised on the sale of available-for-sale equity shares.
Dividend income from available-for-sale equity shares was £86 million
(2008 – £281 million; 2007 – £137 million).
Unquoted equity investments whose fair value cannot be reliably
measured are carried at cost and classified as available-for-sale
financial assets. They include capital stock (redeemable at cost) in the
Federal Home Loan Bank and the Federal Reserve Bank of £0.8 billion
(2008 – £0.9 billion; 2007 – £0.5 billion) that the Group’s banking
subsidiaries in the US are required to hold; and a number of individually
small shareholdings in unlisted companies. Disposals in the year
generated losses of £21 million (2008 – nil; 2007 – £0.5 million gain).