RBS 2010 Annual Report Download - page 53

Pro forma results
The pro forma financial information shows the underlying performance of
the Group including the results of the ABN AMRO businesses retained by
the Group. This information is prepared using the Group’s accounting
policies and is being provided to give a better understanding of the
results of RBS operations excluding the results attributable to the other
Consortium Members.
In future periods, there will be no significant differences between pro
forma and statutory results other than presentation aspects discussed
below.
Consistent with the manner in which the Group is managed, Group
operating profit on a pro forma basis excludes:
xamortisation of purchased intangible assets;
xintegration and restructuring costs;
xgain on redemption of own debt;
xstrategic disposals;
xbonus tax;
xAsset Protection Scheme credit default swap - fair value changes;
xgains on pensions curtailment;
xwrite-down of goodwill and other intangible assets; and
xother Consortium Members’ interest in shared assets.
Statutory results
The statutoryresults of the Group include the results and financial
position of RFS Holdings, the entity that acquired ABN AMRO (see page
50). The interests of the State of the Netherlands and Santander are
included in non-controlling interests.
Reconciliations between pro forma and statutory results are detailed on
pages 113 to 118.
Comparative information
Following legal separation of ABN AMRO Bank NV, the results of ABN
AMRO attributable to the Consortium Members are classified as
discontinued operations, with consequent changes to the presentation of
comparative financial information.
Glossary
Aglossary of terms is detailed on pages 434 to 439.
51RBS Group 2010
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