RBS 2010 Annual Report Download - page 311

The following table provides information for reclassifications made in 2008.
2008 2007
2008 - on reclassification
31 December 2008 After reclassification
Carrying
value
Effective
interest
rate
Expected
cash flows
Carrying
value
Fair
value
Gains/
(losses)
up to the
date of
reclassification Income
Impairment
losses
Amount
that would
have been
recognised had
reclassification
not occurred
Increase in
profit or loss
as result of
reclassification
Gains/(losses)
recognised in
the income
statement
in prior
period
£m % £m £m £m £m £m £m £m £m £m
Reclassified from
HFT to LAR
Loans
-leveraged finance 3,602 10.14 6,091 4,304 2,714 (456) 455 — (1,015) 1,470 (155)
- corporate and
other loans 5,205 6.03 7,752 6,053 5,143 (74) 267 — (639) 906 (46)
8,807 13,843 10,357 7,857 (530) 722 — (1,654) 2,376 (201)
Debt securities
-CDO 215 4.92 259 236 221 4 5 — (11) 16 5
- RMBS 1,765 6.05 2,136 2,059 1,579 (115) 171 — (293) 464 (12)
- CMBS 1,877 4.77 2,402 2,144 1,776 (42) 50 — (293) 343 (19)
- CLOs 835 6.34 1,141 1,121 851 (22) 104 — (164) 268 (14)
- other ABS 2,203 5.07 3,203 2,242 1,943 (68) 129 — (151) 280 3
- other 2,548 2.64 2,778 2,615 2,401 73 7 — (162) 169 95
9,443 11,919 10,417 8,771 (170) 466 — (1,074) 1,540 58
18,250 25,762 20,774 16,628 (700) 1,188 — (2,728) 3,916 (143)
Reclassified from
HFT to AFS
Debt securities (1)
-CDO 3,592 10.32 5,607 1,346 1,346 (994) (514) (446) (1,468) 508 (400)
- RMBS 5,205 8.03 8,890 5,171 5,171 (531) 21 — (131) 152 (4)
- CMBS 590 6.65 836 256 256 (110) (48) — (408) 360 4
- CLOs 3,498 4.89 4,257 3,759 3,759 (353) (797) — (1,633) 836 36
- other ABS 1,323 5.70 2,013 712 712 (185) (36) — (5) (31) (42)
- other 756 10.17 1,311 777 777 — 131 — (3) 134 (1)
14,964 22,914 12,021 12,021 (2,173) (1,243) (446) (3,648) 1,959 (407)
Equity shares 34 — 32 26 26 (9) — — (9) 9 13
14,998 22,946 12,047 12,047 (2,182) (1,243) (446) (3,657) 1,968 (394)
Reclassified from
AFS to LAR:
Debt securities (2) 694 1.38 760 1,016 956 (12) 6 — 6 — —
33,942 49,468 33,837 29,631 (2,894) (49) (446) (6,379) 5,884 (537)
Notes:
(1) The amount taken to AFS reserves was £(2,193) million.
(2) The amount that would have been in AFS reserves if reclassification had not occurred is £(39) million.
309RBS Group 2010
Financial statements