RBS 2011 Annual Report Download - page 411

RBS Group 2011 409
33 Net cash inflow/(outflow) from operating activities
2011 2010 2009
£m £m £m
Operating loss before tax - continuing operations (766) (399) (2,647)
Operating profit/(loss) before tax - discontinued operations 58 (541) (49)
Decrease/(increase) in prepayments and accrued income 976 (67) 433
Interest on subordinated liabilities 740 500 1,490
Decrease in accruals and deferred income (2,897) (1,915) (1,538)
Provisions for impairment losses 8,709 9,298 14,950
Loans and advances written-off net of recoveries (4,000) (5,631) (6,540)
Unwind of discount on impairment losses (484) (455) (408)
Profit on sale of property, plant and equipment (22) (50) (43)
Loss on sale of subsidiaries and associates 28 107 135
Profit on sale of securities (882) (496) (294)
Charge for defined benefit pension schemes 349 540 659
Pension schemes curtailment gains —(78) (2,148)
Cash contribution to defined benefit pension schemes (1,059) (832) (1,153)
Other provisions utilised (513) (211) (159)
Depreciation and amortisation 1,875 2,220 2,809
Gain on redemption of own debt (255) (553) (3,790)
Write-down of goodwill and other intangible assets 91 10 363
Elimination of foreign exchange differences 2,702 (691) 12,217
Other non-cash items 2,303 875 1,404
Net cash inflow from trading activities 6,953 1,631 15,691
Decrease in loans and advances to banks and customers 15,800 42,766 151,568
Decrease/(increase) in securities 10,418 8,723 (5,902)
Decrease/(increase) in other assets 4,991 445 (1,839)
(Increase)/decrease in derivative assets (102,972) 10,741 544,744
Changes in operating assets (71,763) 62,675 688,571
Increase/(decrease) in deposits by banks and customers 24,096 (24,794) (131,685)
(Decrease)/increase in insurance liabilities (482) 494 429
Decrease in debt securities in issue (55,496) (28,493) (34,528)
Increase in other liabilities 1,827 1,108 20
Increase/(decrease) in derivative liabilities 100,133 2,454 (540,540)
(Decrease)/increase in settlement balances and short positions (1,759) 3,651 1,769
Changes in operating liabilities 68,319 (45,580) (704,535)
Income taxes (paid)/received (184) 565 (719)
Net cash inflow/(outflow) from operating activities 3,325 19,291 (992)
34 Analysis of the net investment in business interests and intangible assets
Acquisitions and disposals
2011
£m
2010
£m
2009
£m
Fair value given for businesses acquired (44) (210) (115)
Other assets sold (299) 4,539 896
Loss on disposal (28) (107) (135)
Net (outflow)/inflow of cash in respect of disposals (327) 4,432 761
Dividends received from joint ventures 11 7 21
Cash expenditure on intangible assets (1,068) (783) (562)
Net (outflow)/inflow (1,428) 3,446 105
The Group's reported results from continuing operations for 2011, 2010 and 2009 would not have been materially affected had all acquisitions occurred
on 1 January 2009.