RBS 2009 Annual Report Download - page 339

337RBS Group Annual Report and Accounts 2009
Financial statements
Notes on the accounts
33 Net cash (outflow)/inflow from operating activities
Group Company
Restated
2009 2008 2007 2009 2008 2007
£m £m £m £m £m £m
Operating (loss)/profit before tax (2,595) (40,836) 9,832 (1,286) (10,017) 2,372
Operating (loss)/profit before tax on discontinued activities (101) 4,208 68 ———
Decrease/(increase) in prepayments and accrued income 433 (921) (662) —— (1)
Interest on subordinated liabilities 1,490 2,144 1,518 537 499 470
(Decrease)/increase in accruals and deferred income (1,538) 3,961 (818) (1) 7—
Provisions for impairment losses 14,950 8,072 1,968 ———
Loans and advances written-off net of recoveries (6,540) (2,829) (1,669) ———
Unwind of discount on impairment losses (408) (194) (164) ———
Profit on sale of property, plant and equipment (43) (167) (741) ———
Profit/(loss) on sale of subsidiaries and associates 135 (943) (67) —(487) —
Profit on sale of securities (294) (342) (544) ———
Charge for defined benefit pension schemes 659 490 489 ———
Pension scheme curtailment gains (2,148) —————
Cash contribution to defined benefit pension schemes (1,153) (810) (599) ———
Other provisions utilised (159) (32) (211) ———
Depreciation and amortisation 2,809 3,154 1,932 ———
Gain on redemption of own debt (3,790) ——(238) ——
Write down of goodwill and other intangible assets 363 32,581 — ———
Write down of investment in subsidiaries — ——5,139 14,321 —
Elimination of foreign exchange differences 12,217 (41,874) (10,282) (753) 1,778 (58)
Elimination of non-cash items on discontinued activities — 592 62 ———
Other non-cash items 1,404 2,167 (327) 21 22
Net cash inflow/(outflow) from trading activities 15,691 (31,579) (215) 3,419 6,103 2,785
Decrease/(increase) in loans and advances to banks and customers 151,568 (5,469) (90,829) 4,121 (15,542) (8)
(Increase)/decrease in securities (5,902) 75,964 (26,167) (1,286) ——
(Increase)/decrease in other assets (1,839) (5,845) (384) (10) (73) —
Decrease/(increase) in derivative assets 544,744 (708,607) (88,948) (1) (995) (173)
Changes in operating assets 688,571 (643,957) (206,328) 2,824 (16,610) (181)
(Decrease)/increase in deposits by banks and customers (131,685) (78,166) 81,645 11,533 (4,064) 4,677
Increase/(decrease) in insurance liabilities 429 (186) 2,706 ———
(Decrease)/increase in debt securities in issue (34,528) 27,222 59,735 (1,828) (1,794) 10,936
Increase/(decrease) in other liabilities 20 (8,869) (1,036) (66) 32 (7)
(Decrease)/increase in derivative liabilities (540,540) 699,601 83,466 85 182 137
Increase/(decrease) in settlement balances and short positions 1,769 (37,864) 8,073 (11) ——
Changes in operating liabilities (704,535) 601,738 234,589 9,713 (5,644) 15,743
Total income taxes (paid)/received (719) (1,540) (2,442) 409 119 6
Net cash (outflow)/inflow from operating activities (992) (75,338) 25,604 16,365 (16,032) 18,353