RBS 2011 Annual Report Download - page 114

112 RBS Group 2011
Balance sheet management: Capital management continued
Capital resources
The Group’s regulatory capital resources in accordance with FSA definitions were as follows:
Statutory Proportional*
Shareholders’ equity (excluding non-controlling interests) 2011
£m
2010
£m
2009
£m
2009
£m
Shareholders’ equity per balance sheet 74,819 75,132 77,736 77,736
Preference shares - equity (4,313) (4,313) (7,281) (7,281)
Other equity instruments (431) (431) (565) (565)
70,075 70,388 69,890 69,890
Non-controlling interests
Non-controlling interests per balance sheet 1,234 1,719 16,895 2,227
Non-controlling preference shares (548) (548) (656) (656)
Other adjustments to non-controlling interests for regulatory purposes (259) (259) (497) (497)
427 912 15,742 1,074
Regulatory adjustments and deductions
Own credit (2,634) (1,182) (1,057) (1,057)
Unrealised losses on AFS debt securities 1,065 2,061 1,888 1,888
Unrealised gains on AFS equity shares (108) (25) (134) (134)
Cash flow hedging reserve (879) 140 252 252
Other adjustments for regulatory purposes 571 204 (193) 41
Goodwill and other intangible assets (14,858) (14,448) (17,847) (14,786)
50% excess of expected losses over impairment provisions (net of tax) (2,536) (1,900) (2,558) (2,558)
50% of securitisation positions (2,019) (2,321) (1,353) (1,353)
50% of APS first loss (2,763) (4,225) (5,106) (5,106)
(24,161) (21,696) (26,108) (22,813)
Core Tier 1 capital 46,341 49,604 59,524 48,151
Other Tier 1 capital
Preference shares - equity 4,313 4,313 7,281 7,281
Preference shares - debt 1,094 1,097 3,984 3,984
Innovative/hybrid Tier 1 securities 4,667 4,662 5,213 2,772
10,074 10,072 16,478 14,037
Tier 1 deductions
50% of material holdings (340) (310) (601) (310)
Tax on excess of expected losses over impairment provisions 915 758 1,020 1,020
575 448 419 710
Total Tier 1 capital 56,990 60,124 76,421 62,898
*unaudited
Business review Risk and balance sheet management continued