RBS 2011 Annual Report Download - page 309

RBS Group 2011 307
Note
2011
£m
2010
£m
2009
£m
Interest receivable 21,410 22,776 26,311
Interest payable (8,731) (8,567) (12,923)
Net interest income 112,679 14,209 13,388
Fees and commissions receivable 26,384 8,193 8,738
Fees and commissions payable 2(1,460) (2,211) (2,790)
Income from trading activities 22,701 4,517 3,761
Gain on redemption of own debt 2255 553 3,790
Other operating income (excluding insurance net premium income) 24,122 1,479 873
Insurance net premium income 24 4,256 5,128 5,266
Non-interest income 16,258 17,659 19,638
Total income 28,937 31,868 33,026
Staff costs
-excluding curtailment gains (8,678) (9,671) (9,993)
- pension schemes curtailment gains —— 2,148
Premises and equipment (2,451) (2,402) (2,594)
Other administrative expenses (4,931) (3,995) (4,449)
Depreciation and amortisation (1,875) (2,150) (2,166)
Write-down of goodwill and other intangible assets (91) (10) (363)
Operating expenses 3 (18,026) (18,228) (17,417)
Profit before insurance net claims and impairment losses 10,911 13,640 15,609
Insurance net claims 24 (2,968) (4,783) (4,357)
Impairment losses 13 (8,709) (9,256) (13,899)
Operating loss before tax (766) (399) (2,647)
Tax (charge)/credit 6(1,250) (634) 429
Loss from continuing operations (2,016) (1,033) (2,218)
Profit/(loss) from discontinued operations, net of tax 20 47 (633) (105)
Loss for the year (1,969) (1,666) (2,323)
Loss attributable to:
Non-controlling interests 28 (665) 349
Preference shareholders 7—105 878
Paid-in equity holders 7—19 57
Ordinary and B shareholders (1,997) (1,125) (3,607)
(1,969) (1,666) (2,323)
Per ordinary and B share (1)
Basic loss from continuing operations 9(1.8p) (0.5p) (6.3p)
Diluted loss from continuing operations 9(1.8p) (0.5p) (6.3p)
Basic loss from discontinued operations 9—— (0.1p)
Diluted loss from discontinued operations 9—— (0.1p)
Note:
(1) B shares rank pari-passu with ordinary shares.
The accompanying notes on pages 327 to 419, the accounting policies on pages 314 to 325 and the audited sections of the Business review: Risk and
balance sheet management on pages 100 to 249 form an integral part of these financial statements.
Consolidated income statement for the year ended 31 December 2011