RBS 2011 Annual Report Download - page 59

RBS Group 2011 57
Restructuring costs
2011 2010 2009
£m £m £m
Staff costs 356 353 328
Premises and equipment 156 117 48
Other administrative expenses 276 104 51
788 574 427
2011 compared with 2010
Restructuring costs were £788 million compared with £574 million in
2010. The increase is due to the number of Group restructuring projects
increasing during the year.
2010 compared with 2009
Restructuring costs were £574 million compared with £427 million in
2009. The increase is a result of the number of restructuring projects
being undertaken.
Accruals in relation to restructuring costs are set out below.
At Currency Charge Utilised At
1 January translation to income during 31 December
2011 adjustments statement the year 2011
£m £m £m £m £m
Staff costs - redundancy 201 — 274 (349) 126
Staff costs - other 17 (1) 82 (58) 40
Premises and equipment 117 — 156 (107) 166
Other administrative expenses 46 (2) 276 (210) 110
381 (3) 788 (724) 442
Divestment costs
2011 2010 2009
£m £m £m
Staff costs 95 51 —
Premises and equipment 11 6 —
Other administrative expenses 59 25 —
165 82 —
2011 compared with 2010
Divestment costs of £165 million compared to £82 million in 2010 related
to the European Commission mandated divestments.
2010 compared with 2009
Divestment costs of £82 million in the year relate to the European
Commission mandated divestments.
Accruals in relation to divestment costs are set out below.
At Charge Utilised At
1 January to income during 31 December
2011 statement the year 2011
£m £m £m £m
Staff costs - redundancy 22 36 (13) 45
Staff costs - other 859 (66) 1
Premises and equipment —11 (11) —
Other administrative expenses 259 (40) 21
32 165 (130) 67