RBS 2011 Annual Report Download - page 430
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428 RBS Group 2011
9Accruals, deferred income and other liabilities
2011 2010 2009
£m £m £m
Current tax 92 114 169
Accruals —3 3
Deferred income — 2 3
Other liabilities 612 915 1,182
704 1,034 1,357
10 Subordinated liabilities
2011 2010 2009
£m £m £m
Dated loan capital 6,459 6,685 6,526
Undated loan capital 1,516 563 574
Preference shares 802 800 1,662
8,777 8,048 8,762
Certain preference shares issued by the company are classified as liabilities; these securities remain subject to the capital maintenance rules of the
Companies Act 2006.
2011
Currently
£m
2012
£m
2013
£m
2014-2016
£m
2017-2021
£m
Thereafter
£m
Perpetual
£m
Total
£m
- final redemption — 121 484 1,079 226 4,570 2,297 8,777
-call date 870 1,165 1,032 2,754 626 1,389 941 8,777
2010
Currently
£m
2011
£m
2012
£m
2013-2015
£m
2016-2020
£m
Thereafter
£m
Perpetual
£m
Total
£m
-final redemption —307 — 1,558 225 4,605 1,353 8,048
-call date 868 306 1,076 3,357 1,056 901 484 8,048
2009
Currently
£m
2010
£m
2011
£m
2012-2014
£m
2015-2019
£m
Thereafter
£m
Perpetual
£m
Total
£m
- final redemption —130 185 1,075 630 4,529 2,213 8,762
-call date 1,039 315 185 3,901 1,474 1,847 1 8,762
2011 2010 2009
Dated loan capital £m £m £m
US$300 million 6.375% subordinated notes 2011 (redeemed February 2011) (1) —198 190
US$750 million 5% subordinated notes 2013 (1) 487 485 464
US$750 million 5% subordinated notes 2014 (1) 490 488 469
US$250 million 5% subordinated notes 2014 (1) 163 162 153
US$675 million 5.05% subordinated notes 2015 (1) 445 444 425
US$350 million 4.7% subordinated notes 2018 (1) 231 230 220
€1,250 million 6.467% (callable June 2012) (1) 1,079 1,111 1,143
US$750 million 6.8% (callable March 2012) (1) 485 483 462
US$850 million 4.709% (callable July 2013) (1) 548 546 522
US$650 million 6.425% (callable January 2034) (1) 417 416 397
€500 million 4.243% (callable January 2016) (1) 435 449 463
US$950 million 5.512% (callable September 2014) (1) 621 619 591
US$550 million floating rate (callable September 2014) (1) 354 353 337
US$450 million floating rate (callable September 2014) (1) 291 290 277
£400 million 5.6457% (callable June 2017) 413 411 413
6,459 6,685 6,526
Note:
(1) On-lent to The Royal Bank of Scotland plc on a subordinated basis.
Parent company financial statement and notes continued