RBS 2010 Annual Report Download - page 344

23 Short positions
Group
2010 2009 2008
£m £m £m
Debt securities
- Government 34,506 26,647 32,519
- Other issuers 6,510 10,871 6,374
Equity shares 2,102 2,945 3,643
43,118 40,463 42,536
Note:
(1) All short positions are classified as held-for-trading.
24 Accruals, deferred income and other liabilities
Group Company
2010 2009 2008 2010 2009 2008
£m £m £m £m £m £m
Notes in circulation 1,793 1,889 1,619 — — —
Current tax 723 429 585 114 169 —
Accruals 6,773 7,429 7,531 3 3 3
Deferred income 4,766 5,818 7,640 2 3 4
Other liabilities (1) 9,034 14,762 14,107 915 1,182 40
23,089 30,327 31,482 1,034 1,357 47
Note:
(1) Other liabilities include £18 million (2009 - £10 million; 2008 - £1 million) in respect of share-based compensation.
Included in other liabilities are provisions for liabilities and charges as follows:
Group
£m
At 1 January 2010 562
Currency translation and other movements (58)
Disposal of subsidiaries (17)
Transfer to disposal groups (33)
Charge to income statement - continuing operations 453
Releases to income statement - continuing operations (72)
Provisions utilised (211)
At 31 December 2010 624
Note:
(1) The table above includes property provisions and other provisions arising in the normal course of business.
25 Deferred tax
Group Company
2010 2009 2008 2010 2009 2008
£m £m £m £m £m £m
Deferred tax liability 2,142 2,811 4,165 — — —
Deferred tax asset (6,373) (7,039) (7,082) (2) (2) (3)
Net deferred tax asset (4,231) (4,228) (2,917) (2) (2) (3)
RBS Group 2010342
Notes on the accounts continued