RBS 2011 Annual Report Download - page 414

412 RBS Group 2011
38 Segmental analysis continued
Net
interest
income
Non-interest
income
Total
income
Operating
expenses and
insurance
claims
Depreciation
and
amortisation
Impairment
losses
Operating
profit/(loss)
2011 £m £m £m £m £m £m £m
UK Retail 4,272 1,206 5,478 (2,699) — (788) 1,991
UK Corporate 2,585 1,275 3,860 (1,489) (172) (785) 1,414
Wealth 718 459 1,177 (820) (11) (25) 321
Global Transaction Services 1,076 1,175 2,251 (1,335) (7) (166) 743
Ulster Bank 696 211 907 (546) (1) (1,384) (1,024)
US Retail & Commercial 1,896 1,004 2,900 (1,979) (117) (325) 479
Global Banking & Markets 665 5,276 5,941 (4,170) (161) (49) 1,561
RBS Insurance 343 3,729 4,072 (3,583) (35) — 454
Central items (228) 213 (15) 950 (781) 2 156
Core 12,023 14,548 26,571 (15,671) (1,285) (3,520) 6,095
Non-Core 666 540 1,206 (1,133) (357) (3,919) (4,203)
Managed basis 12,689 15,088 27,777 (16,804) (1,642) (7,439) 1,892
Reconciling items
Fair value of own debt — 1,846 1,846 — — — 1,846
Asset Protection Scheme — (906) (906) — — — (906)
Payment Protection Insurance costs — — — (850) — — (850)
Sovereign debt impairment — — — — — (1,099) (1,099)
Amortisation of purchased intangible assets — — — — (222) — (222)
Integration and restructuring costs (2) (3) (5) (1,048) (11) — (1,064)
Gain on redemption of own debt — 255 255 — — — 255
Strategic disposals — (24) (24) (80) — — (104)
Bank levy — — — (300) — — (300)
Bonus tax — — — (27) — — (27)
Interest rate hedge adjustments on impaired available-for-sale
Greek government bonds — — — — — (169) (169)
Write-down of goodwill and other intangible assets — — — (11) — — (11)
RFS Holdings minority interest (8) 2 (6) 1 — (2) (7)
Statutory basis 12,679 16,258 28,937 (19,119) (1,875) (8,709) (766)
2010
UK Retail 4,078 1,422 5,500 (2,967) (1) (1,160) 1,372
UK Corporate 2,572 1,323 3,895 (1,498) (173) (761) 1,463
Wealth 609 447 1,056 (723) (11) (18) 304
Global Transaction Services 974 1,587 2,561 (1,459) (5) (9) 1,088
Ulster Bank 761 214 975 (573) (2) (1,161) (761)
US Retail & Commercial 1,917 1,029 2,946 (2,024) (99) (517) 306
Global Banking & Markets 1,215 6,697 7,912 (4,281) (116) (151) 3,364
RBS Insurance 381 4,135 4,516 (4,788) (23) — (295)
Central items 10 327 337 1,095 (852) (3) 577
Core 12,517 17,181 29,698 (17,218) (1,282) (3,780) 7,418
Non-Core 1,683 1,281 2,964 (2,513) (480) (5,476) (5,505)
Managed basis 14,200 18,462 32,662 (19,731) (1,762) (9,256) 1,913
Reconciling items
Fair value of own debt —174 174 — — — 174
Asset Protection Scheme — (1,550) (1,550) — — — (1,550)
Amortisation of purchased intangible assets — — — — (369) — (369)
Integration and restructuring costs — — — (1,012) (20) — (1,032)
Gain on redemption of own debt —553 553 — — — 553
Strategic disposals —171 171 — — — 171
Bonus tax — — — (99) — — (99)
Write-down of goodwill and other intangible assets — — — (10) — — (10)
RFS Holdings minority interest 9(151) (142) (9) 1 — (150)
Statutory basis 14,209 17,659 31,868 (20,861) (2,150) (9,256) (399)
Notes on the consolidated accounts continued