RBS 2009 Annual Report Download - page 80

RBS Group Annual Report and Accounts 200978
Average balance sheet and related interest Statutory 2009 Statutory 2008
Average Average
balance Interest Rate balance Interest Rate
£m £m % £m £m %
Assets
Loans and advances to banks – UK 21,385 312 1.46 18,909 943 4.99
– Overseas 32,362 613 1.89 31,680 1,465 4.62
Loans and advances to customers – UK 333,707 11,952 3.58 321,066 19,066 5.94
– Overseas 377,019 16,339 4.33 393,724 22,893 5.81
Debt securities – UK 53,955 1,466 2.72 35,725 1,493 4.18
– Overseas 85,410 3,220 3.77 86,090 4,078 4.74
Total interest-earning assets – banking business (2, 3) 903,838 33,902 3.75 887,194 49,938 5.63
– trading business (4) 291,092 425,454
Total interest-earning assets 1,194,930 1,312,648
Non-interest-earning assets (2, 3) 828,550 728,037
Total assets 2,023,480 2,040,685
Percentage of assets applicable to overseas operations 47.4% 48.6%
Liabilities and owners’ equity
Deposits by banks – UK 24,837 679 2.73 46,217 1,804 3.90
– Overseas 104,396 2,362 2.26 113,592 4,772 4.20
Customer accounts: demand deposits – UK 110,294 569 0.52 99,852 2,829 2.83
– Overseas 82,177 1,330 1.62 70,399 1,512 2.15
Customer accounts: savings deposits – UK 54,270 780 1.44 42,870 1,708 3.98
– Overseas 83,388 2,114 2.54 72,473 2,203 3.04
Customer accounts: other time deposits – UK 69,687 932 1.34 95,181 4,011 4.21
– Overseas 72,391 2,255 3.12 106,306 4,097 3.85
Debt securities in issue – UK 130,002 3,162 2.43 111,099 4,617 4.16
– Overseas 122,247 2,500 2.05 138,297 6,171 4.46
Subordinated liabilities – UK 26,710 852 3.19 26,799 1,369 5.11
– Overseas 13,152 656 4.99 13,019 788 6.05
Internal funding of trading business – UK (60,284) (317) 0.53 (85,664) (3,445) 4.02
– Overseas (14,845) (192) 1.29 (18,090) (729) 4.03
Total interest-bearing liabilities – banking business (2, 3) 818,422 17,682 2.16 832,350 31,707 3.81
– trading business (4) 331,380 466,610
Total interest-bearing liabilities 1,149,802 1,298,960
Non-interest-bearing liabilities:
Demand deposits – UK 16,456 19,796
– Overseas 27,149 17,625
Other liabilities (3, 4) 772,770 645,760
Owners’ equity 57,303 58,544
Total liabilities and owners’ equity 2,023,480 2,040,685
Percentage of liabilities applicable to overseas operations 45.8% 47.2%
Notes:
(1) The analysis into UK and Overseas has been compiled on the basis of location of office.
(2) Interest-earning assets and interest-bearing liabilities exclude the Retail bancassurance assets and liabilities attributable to policyholders, in view of their distinct nature. As a result, net interest
income has been increased by £20 million (2008 – £84 million).
(3) Interest income has been increased by £46 million (2008 – £332 million) and interest expense by £350 million (2008 – £860 million) to record interest on financial assets and liabilities designated
as at fair value through profit or loss. Related interest-earning assets and interest-bearing liabilities have also been adjusted.
(4) Interest receivable and interest payable on trading assets and liabilities are included in income from trading activities.
Business review continued