RBS 2009 Annual Report Download - page 341

339RBS Group Annual Report and Accounts 2009
Financial statements
Notes on the accounts
(b) Other acquisitions and disposals Group
2009 2008 2007
£m £m £m
Fair value given for businesses acquired (115) (1,810) (280)
Cash and cash equivalents acquired ——5
Non-cash consideration —(17) —
Net outflow of cash in respect of purchases (115) (1,827) (275)
Cash and cash equivalents in businesses sold ——21
Other assets sold 896 739 16
Non-cash consideration —(103) (2)
(Loss)/profit on disposal (135) 943 67
Net inflow of cash in respect of disposals 761 1,579 102
Dividends received from joint ventures 21 89 11
Cash expenditure on intangible assets (562) 2,411 (435)
Net inflow/(outflow) 105 2,252 (597)
The Group’s reported result from continuing operations for 2009 and 2008 would not have been materially affected had all acquisitions occurred on
1 January 2008 or 1 January 2009. The profit on disposal arises on the sales of Angel Trains, Tesco Personal Finance and the European Consumer
Finance business during 2008.
35 Interest received and paid Group Company
2009 2008 2007 2009 2008 2007
£m £m £m £m £m £m
Interest received 36,396 52,393 31,552 1,140 794 457
Interest paid (21,224) (31,614) (18,407) (866) (1,325) (746)
15,172 20,779 13,145 274 (531) (289)