RBS 2010 Annual Report Download - page 270

Note
2010
£m
2009 (1)
£m
2008 (1)
£m
Interest receivable 22,776 26,311 42,190
Interest payable (8,567) (12,923) (26,708)
Net interest income 114,209 13,388 15,482
Fees and commissions receivable 28,193 8,738 8,855
Fees and commissions payable 2(2,211) (2,790) (2,444)
Income/(loss) from trading activities 24,517 3,761 (9,025)
Gain on redemption of own debt 2553 3,790 —
Other operating income (excluding insurance net premium income) 21,479 873 2,153
Insurance net premium income 26 5,128 5,266 5,709
Non-interest income 17,659 19,638 5,248
Total income 31,868 33,026 20,730
Staff costs
-excluding curtailment gains (9,671) (9,993) (8,898)
- pension schemes curtailment gains —2,148 —
Premises and equipment (2,402) (2,594) (2,163)
Other administrative expenses (3,995) (4,449) (4,716)
Depreciation and amortisation (2,150) (2,166) (2,377)
Write-down of goodwill and other intangible assets (10) (363) (16,911)
Operating expenses 3(18,228) (17,417) (35,065)
Profit/(loss) before other operating charges and impairment losses 13,640 15,609 (14,335)
Insurance net claims 26 (4,783) (4,357) (3,917)
Impairment losses 14 (9,256) (13,899) (7,439)
Operating loss before tax (399) (2,647) (25,691)
Tax (charge)/credit 6(634) 429 2,167
Loss from continuing operations (1,033) (2,218) (23,524)
Loss from discontinued operations, net of tax 22 (633) (105) (11,018)
Loss for the year (1,666) (2,323) (34,542)
Loss attributable to:
Non-controlling interests (665) 349 (10,832)
Preference shareholders 7105 878 536
Paid-in equity holders 719 57 60
Ordinary and B shareholders (1,125) (3,607) (24,306)
(1,666) (2,323) (34,542)
Per ordinary and B share (2)
Basic loss from continuing operations 10 (0.5p) (6.3p) (146.2p)
Diluted loss from continuing operations 10 (0.5p) (6.3p) (146.2p)
Basic loss from discontinued operations 10 —(0.1p) (0.5p)
Diluted loss from discontinued operations 10 —(0.1p) (0.5p)
Dividends 8—— 19.3p
Notes:
(1) The Dutch retail and other banking businesses transferred to the Dutch State on 1 April 2010 are recognised as discontinued operations. Comparative information has been changed accordingly.
(2) B shares rank pari-passu with ordinary shares.
The accompanying notes on pages 287 to 385, the accounting policies on pages 275 to 286 and the audited sections of the Business review: Risk and
balance sheet management on pages 119 to 224 form an integral part of these financial statements.
RBS Group 2010268
Consolidated income statement
for the year ended 31 December 2010