RBS 2009 Annual Report Download - page 85

83RBS Group Annual Report and Accounts 2009
2009 compared with 2008 – pro forma
Impairment losses were £13,899 million compared with £7,432 million.
Impairment losses in the Core divisions increased by £2,182 million,
while Non-Core losses increased by £4,285 million.
In the Core business, the biggest increases were in UK Retail, UK
Corporate and Ulster Bank, reflecting the difficult economic
environment.
Non-Core losses also increased substantially, particularly across the
corporate and property sectors.
2009 compared with 2008 – statutory
Impairment losses were £14,950 million compared with £8,072 million.
Impairment losses in the Core divisions increased by £2,182 million,
Non-Core losses increased by £4,285 million and RFS Holdings
minority interest losses increased by £411 million.
In the Core business, the biggest increases were in UK Retail, UK
Corporate and Ulster Bank, reflecting the difficult economic
environment.
Non-Core losses also increased substantially, particularly across the
corporate and property sectors.
Impairment losses Pro forma Statutory
2009 2008 2009 2008
£m £m £m £m
New impairment losses 14,224 7,693 15,349 8,391
less: recoveries of amounts previously written-off (325) (261) (399) (319)
Charge to income statement 13,899 7,432 14,950 8,072
Comprising
Loan impairment losses 13,090 6,478 14,134 7,091
Impairment of available-for-sale securities 809 954 816 981
Charge to income statement 13,899 7,432 14,950 8,072
Business review