RBS 2011 Annual Report Download - page 435

RBS Group 2011 433
Financial summary
The Group's financial statements are prepared in accordance with IFRS. Selected data under IFRS for each of the five years ended 31 December 2011
are presented below.
Summary consolidated income statement 2011
£m
2010
£m
2009
£m
2008
£m
2007
£m
Net interest income 12,679 14,209 13,388 15,482 11,550
Non-interest income (1,2,3) 16,258 17,659 19,638 5,248 17,922
Total income 28,937 31,868 33,026 20,730 29,472
Operating expenses (4,5,6,7,8)(18,026) (18,228) (17,417) (35,065) (13,383)
Profit/(loss) before insurance net claims and impairment losses 10,911 13,640 15,609 (14,335) 16,089
Insurance net claims (2,968) (4,783) (4,357) (3,917) (4,528)
Impairment losses (9,10) (8,709) (9,256) (13,899) (7,439) (1,925)
Operating (loss)/profit before tax (766) (399) (2,647) (25,691) 9,636
Tax (charge)/credit (1,250) (634) 429 2,167 (2,011)
(Loss)/profit from continuing operations (2,016) (1,033) (2,218) (23,524) 7,625
Profit/(loss) from discontinued operations, net of tax 47 (633) (105) (11,018) 87
(Loss)/profit for the year (1,969) (1,666) (2,323) (34,542) 7,712
(Loss)/profit attributable to:
Non-controlling interests 28 (665) 349 (10,832) 163
Preference shareholders — 105 878 536 246
Paid-in equity holders — 19 57 60 —
Ordinary and B shareholders (1,997) (1,125) (3,607) (24,306) 7,303
Notes:
(1) Includes loss on strategic disposals of £104 million (2010 - £171 million gain; 2009 - £132 million gain; 2008 - £442 million gain).
(2) Includes gain on redemption of own debt of £255 million (2010 - £553 million; 2009 - £3,790 million).
(3) Includes movement in fair value of own debt of £1,846 million profit (2010 - £174 million profit; 2009 - £142 million loss; 2008 - £1,232 million profit).
(4) Includes Payment Protection Insurance costs of £850 million.
(5) Includes integration and restructuring costs of £1,064 million (2010 - £1,032 million; 2009 - £1,286 million; 2008 - £1,357 million; 2007 - £108 million).
(6) Includes amortisation of purchased intangible assets of £222 million (2010 - £369 million; 2009 - £272 million; 2008 - £443 million; 2007 - £162 million).
(7) Includes write-down of goodwill and other intangible assets of £11 million (2010 - £10 million; 2009 - £363 million; 2008 - £16,911 million).
(8) Includes gains on pensions curtailment of £2,148 million in 2009.
(9) Includes sovereign debt impairment of £1,099 million.
(10) Includes interest rate hedge adjustments on impaired available-for-sale Greek government bonds of £169 million.
Summary consolidated balance sheet 2011
£m
2010
£m
2009
£m
2008
£m
2007
£m
Loans and advances 598,916 655,778 820,146 1,012,919 1,047,998
Debt securities and equity shares 224,263 239,678 286,782 293,879 347,682
Derivatives and settlement balances 537,389 438,682 453,487 1,010,391 293,991
Other assets 146,299 119,438 136,071 84,463 151,158
Total assets 1,506,867 1,453,576 1,696,486 2,401,652 1,840,829
Owners' equity 74,819 75,132 77,736 58,879 53,038
Non-controlling interests 1,234 1,719 16,895 21,619 38,388
Subordinated liabilities 26,319 27,053 37,652 49,154 38,043
Deposits 611,759 609,483 756,346 897,556 994,657
Derivatives, settlement balances and short positions 572,499 478,076 475,017 1,025,641 363,073
Other liabilities 220,237 262,113 332,840 348,803 353,630
Total liabilities and equity 1,506,867 1,453,576 1,696,486 2,401,652 1,840,829