RBS 2011 Annual Report Download - page 377

RBS Group 2011 375
19 Prepayments, accrued income and other assets
2011 2010 2009
£m £m £m
Prepayments 1,123 1,529 1,872
Accrued income 672 1,186 897
Deferred expenses 502 568 596
Pension schemes in net surplus (see Note 4) 188 105 58
Other assets 8,491 9,188 17,562
10,976 12,576 20,985
20 Discontinued operations and assets and liabilities of disposal groups
(a) Profit/(loss) from discontinued operations, net of tax
2011 2010 2009
£m £m £m
Discontinued operations
Total income 42 1,433 5,664
Operating expenses (5) (803) (4,061)
Insurance net claims —(161) (500)
Impairment losses 8(42) (1,051)
Profit before tax 45 427 52
Gain on disposal before recycling of reserves —113 —
Recycled reserves —(1,076) —
Operating profit/(loss) before tax 45 (536) 52
Tax (11) (92) (58)
Profit/(loss) after tax 34 (628) (6)
Businesses acquired exclusively with a view to disposal
Profit/(loss) after tax 13 (5) (99)
Profit/(loss) from discontinued operations, net of tax 47 (633) (105)
Discontinued operations reflect the results of RFS Holdings attributable to the State of the Netherlands and Santander following the legal separation of
ABN AMRO Bank N.V. on 1 April 2010.
(b) Cash flows attributable to discontinued operations
Included within the Group's cash flows are the following amounts attributable to discontinued operations:
2011 2010 2009
£m £m £m
Net cash flows from operating activities —2,528 (542)
Net cash flows from investing activities —400 (264)
Net cash flows from financing activities —129 1,020
Net increase/(decrease) in cash and cash equivalents — 3,062 (402)
The effect of net cash flows from discontinued operations on the consolidated assets and liabilities of the Group for 2011 was nil, due to the net cash
flows being internally funded.