RBS 2011 Annual Report Download - page 100

98 RBS Group 2011
Income statement for the year ended 31 December 2009
Reallocation
of one-off
Managed items Statutory
£m £m £m
Net interest income 13,567 (179) 13,388
Non-interest income (excluding insurance net premium income) 10,734 3,638 14,372
Insurance net premium income 5,266 — 5,266
Non-interest income 16,000 3,638 19,638
Total income 29,567 3,459 33,026
Operating expenses (17,401) (16) (17,417)
Profit before insurance net claims and impairment losses 12,166 3,443 15,609
Insurance net claims (4,357) — (4,357)
Operating profit before impairment losses 7,809 3,443 11,252
Impairment losses (13,899) — (13,899)
Operating loss (6,090) 3,443 (2,647)
Fair value of own debt (142) 142 —
Amortisation of purchased intangible assets (272) 272 —
Integration and restructuring costs (1,286) 1,286 —
Gain on redemption of own debt 3,790 (3,790) —
Strategic disposals 132 (132) —
Bonus tax (208) 208 —
Gains on pensions curtailment 2,148 (2,148) —
Write-down of goodwill and other intangible assets (363) 363 —
RFS Holdings minority interest (356) 356 —
Loss before tax (2,647) — (2,647)
Tax credit 429 — 429
Loss from continuing operations (2,218) — (2,218)
Loss from discontinued operations, net of tax (105) — (105)
Loss for the year (2,323) — (2,323)
Non-controlling interests (349) — (349)
Preference share and other dividends (935) — (935)
Loss attributable to ordinary and B shareholders (3,607) — (3,607)
Business review continued