RBS 2010 Annual Report Download - page 116

Income statement for the year ended 31 December 2009
RFS Reallocation
minority of one-off
Pro forma interest items Statutory
£m £m £m £m
Net interest income 13,567 (179) — 13,388
Non-interest income (excluding insurance net premium income) 10,734 (142) 3,780 14,372
Insurance net premium income 5,266 — — 5,266
Non-interest income 16,000 (142) 3,780 19,638
Total income 29,567 (321) 3,780 33,026
Operating expenses (17,401) (35) 19 (17,417)
Profit before other operating charges 12,166 (356) 3,799 15,609
Insurance net claims (4,357) — — (4,357)
Operating profit before impairment losses 7,809 (356) 3,799 11,252
Impairment losses (13,899) — — (13,899)
Operating loss before fair value of own debt (6,090) (356) 3,799 (2,647)
Fair value of own debt (142) — 142 —
Operating loss (6,232) (356) 3,941 (2,647)
Amortisation of purchased intangible assets (272) — 272 —
Integration and restructuring costs (1,286) — 1,286 —
Gain on redemption of own debt 3,790 — (3,790) —
Strategic disposals 132 — (132) —
Bonus tax (208) — 208 —
Gains on pensions curtailment 2,148 — (2,148) —
Write-down of goodwill and other intangible assets (363) — 363 —
Loss before tax (2,291) (356) — (2,647)
Tax credit 339 90 — 429
Loss from continuing operations (1,952) (266) — (2,218)
Loss from discontinued operations, net of tax (72) (33) — (105)
Loss for the year (2,024) (299) — (2,323)
Non-controlling interests (648) 299 — (349)
Preference share and other dividends (935) — — (935)
Loss attributable to ordinary and B shareholders (3,607) — — (3,607)
RBS Group 2010114
Business review continued