RBS 2010 Annual Report Download - page 376

35 Net cash inflow/(outflow) from operating activities
Group Company
2010 2009 2008 2010 2009 2008
£m £m £m £m £m £m
Operating loss before tax - continuing operations (399) (2,647) (25,691) (4,471) (1,286) (10,017)
Operating loss before tax - discontinued operations (541) (49) (10,937) —— —
(Increase)/decrease in prepayments and accrued income (67) 433 (921) —— —
Interest on subordinated liabilities 500 1,490 2,144 462 537 499
(Decrease)/increase in accruals and deferred income (1,915) (1,538) 3,961 (1) (1) 7
Provisions for impairment losses 9,298 14,950 8,072 —— —
Loans and advances written-off net of recoveries (5,631) (6,540) (2,829) —— —
Unwind of discount on impairment losses (455) (408) (194) —— —
Profit on sale of property, plant and equipment (50) (43) (167) —— —
Loss/(profit) on sale of subsidiaries and associates 107 135 (943) —— (487)
Profit on sale of securities (496) (294) (342) —— —
Charge for defined benefit pension schemes 540 659 490 —— —
Pension scheme curtailment gains (78) (2,148) — —— —
Cash contribution to defined benefit pension schemes (832) (1,153) (810) —— —
Other provisions utilised (211) (159) (32) —— —
Depreciation and amortisation 2,220 2,809 3,154 —— —
Gain on redemption of own debt (553) (3,790) — (53) (238) —
Write-down of goodwill and other intangible assets 10 363 32,581 —— —
Write-down of investment in subsidiaries —— — 5,124 5,139 14,321
Elimination of foreign exchange differences (691) 12,217 (41,874) 272 (753) 1,778
Elimination of non-cash items on discontinued activities —— 592 —— —
Other non-cash items 875 1,404 2,167 —21 2
Net cash inflow/(outflow) from trading activities 1,631 15,691 (31,579) 1,333 3,419 6,103
Decrease/(increase) in loans and advances to banks and customers 42,766 151,568 (5,469) (6,300) 4,121 (15,542)
Decrease/(increase) in securities 8,723 (5,902) 75,964 (168) (1,286) —
Decrease/(increase) in other assets 445 (1,839) (5,845) 105 (10) (73)
Decrease/(increase) in derivative assets 10,741 544,744 (708,607) (306) (1) (995)
Changes in operating assets 62,675 688,571 (643,957) (6,669) 2,824 (16,610)
(Decrease)/increase in deposits by banks and customers (24,794) (131,685) (78,166) (78) 11,533 (4,064)
Increase/(decrease) in insurance liabilities 494 429 (186) —— —
(Decrease)/increase in debt securities in issue (28,493) (34,528) 27,222 (3,020) (1,828) (1,794)
Increase/(decrease) in other liabilities 1,108 20 (8,869) (267) (66) 32
Increase/(decrease) in derivative liabilities 2,454 (540,540) 699,601 (215) 85 182
Increase/(decrease) in settlement balances and short positions 3,651 1,769 (37,864) 11 (11) —
Changes in operating liabilities (45,580) (704,535) 601,738 (3,569) 9,713 (5,644)
Total income taxes received/(paid) 565 (719) (1,540) (133) 409 119
Net cash inflow/(outflow) from operating activities 19,291 (992) (75,338) (9,038) 16,365 (16,032)
RBS Group 2010374
Notes on the accounts continued