RBS 2010 Annual Report Download - page 68

Average balance sheet and related interest continued
Statutory 2008
Average
balance Interest Rate
£m £m %
Assets
Loans and advances to banks - UK 18,893 939 4.97
- Overseas
28,534 1,314 4.61
Loans and advances to customers - UK 321,002 19,055 5.94
- Overseas
275,177 16,041 5.83
Debt securities - UK 35,725 1,493 4.18
- Overseas
76,935 3,764 4.89
Interest-earning assets -UK 375,620 21,487 5.72
- Overseas 380,646 21,119 5.55
Total interest-earning assets -banking business (2,3,5) 756,266 42,606 5.63
-trading business (4) 425,454
Interest-earning assets 1,181,720
Non-interest-earning assets (2,3) 858,965
Total assets 2,040,685
Percentage of assets applicable to overseas operations 48.6%
Liabilities
Deposits by banks - UK 45,684 1,659 3.63
- Overseas
111,697 4,703 4.21
Customer accounts: demand deposits - UK 99,840 2,794 2.80
- Overseas
36,461 681 1.87
Customer accounts: savings deposits - UK 42,870 1,691 3.94
- Overseas
23,753 570 2.40
Customer accounts: other time deposits - UK 95,181 3,998 4.20
- Overseas
101,316 3,908 3.86
Debt securities in issue - UK 111,099 4,617 4.16
- Overseas
115,474 5,149 4.46
Subordinated liabilities - UK 26,799 1,369 5.11
- Overseas
10,577 603 5.70
Internal funding of trading business - UK (85,664) (3,445) 4.02
- Overseas
(18,090) (729) 4.03
Interest-bearing liabilities -UK 335,809 12,683 3.78
- Overseas 381,188 14,885 3.90
Total interest-bearing liabilities -banking business (2,3,6) 716,997 27,568 3.84
-trading business (4) 466,610
Interest-bearing liabilities 1,183,607
Non-interest-bearing liabilities:
Demand deposits - UK 19,796
- Overseas
17,625
Other liabilities (3,4) 761,113
Owners' equity 58,544
Total liabilities and owners' equity 2,040,685
Percentage of liabilities applicable to overseas operations 47.2%
Notes:
(1) The analysis into UK and Overseas has been compiled on the basis of location of office.
(2) Interest-earning assets and interest-bearing liabilities exclude the Retail bancassurance long-term assets and liabilities attributable to policyholders, in view of their distinct nature. As a result, net
interest receivable has been increased by £6 million (2009 - £20 million; 2008 - £84 million).
(3) Interest receivable has been increased by £11 million (2009 - £46 million; 2008 - £332 million) and interest payable decreased by £30 million (2009 - £350 million increase; 2008 - £860 million
increase) to record interest on financial assets and liabilities designated as at fair value through profit or loss. Related interest-earning assets and interest-bearing liabilities have also been adjusted.
(4) Interest receivable and interest payable on trading assets and liabilities are included in income from trading activities.
(5) Interest receivable has been decreased by £90 million for 2010 in respect of a non-recurring receivable (2009 and 2008 - nil).
(6) Interest payable has been increased by £319 million for 2010 in respect of non-recurring adjustments (2009 and 2008 - nil).
RBS Group 201066
Business review continued