RBS 2011 Annual Report Download - page 47

RBS Group 2011 45
2010 compared with 2009 - statutory
Operating loss
Operating loss before tax for the year was £399 million compared with a
loss of £2,647 million in 2009.
Total income
Total income decreased 4% to £31,868 million in 2010.
Net interest income
Net interest income increased by 6% to £14,209 million.
Non-interest income
Non-interest income decreased to £17,659 million from £19,638 million in
2009. This included movements in the fair value of the Asset Protection
Scheme resulting in a £1,550 million charge and gain on redemption of
own debt of £553 million (2009 - £3,790 million). Excluding these items,
non-interest income was up 18% primarily reflecting an increase in
income from trading activities.
Operating expenses
Operating expenses increased to £18,228 million (2009 - £17,417 million)
of which integration and restructuring costs were £1,032 million
compared with £1,286 million in 2009. Write down of goodwill and other
intangible assets was £10 million compared with £363 million in 2009.
Net insurance claims
Bancassurance and general insurance claims, after reinsurance,
increased by 10% to £4,783 million.
Impairment losses
Impairment losses were £9,256 million, compared with £13,899 million in
2009.
Risk elements in lending and potential problem loans represented 7.4%
of gross loans and advances to customers excluding reverse repos at 31
December 2010 (2009 - 5.5%).
Provision coverage of risk elements in lending and potential problem
loans was 46% (2009 - 45%).
Tax
The tax charge for 2010 was £634 million compared with a tax credit of
£429 million in 2009.
Earnings
Basic earnings per ordinary share, including discontinued operations,
was a loss of 0.5p per share compared with a loss of 6.4p for 2009.