RBS 2011 Annual Report Download - page 87

RBS Group 2011 85
Non-Core
2011 2010 2009
£m £m £m
Net interest income 881 1,959 1,534
Net fees and commissions (38) 471 510
Loss from trading activities (721) (31) (5,161)
Insurance net premium income 286 702 784
Other operating income
-rental income 743 752 690
- other (1) 55 (889) (727)
Non-interest income 325 1,005 (3,904)
Total income/(loss) 1,206 2,964 (2,370)
Direct expenses
- staff (375) (731) (851)
- operating lease depreciation (347) (452) (402)
- other (256) (573) (573)
Indirect expenses (317) (500) (552)
(1,295) (2,256) (2,378)
Operating (loss)/profit before insurance net claims and impairment losses (89) 708 (4,748)
Insurance net claims (195) (737) (588)
Impairment losses (3,919) (5,476) (9,221)
Operating loss (4,203) (5,505) (14,557)
Analysis of income/(loss) by business
Banking & portfolios 1,474 1,673 (155)
International businesses 419 778 1,204
Markets (687) 513 (3,419)
Total income/(loss) 1,206 2,964 (2,370)
Loss from trading activities
Monoline exposures (670) (5) (2,387)
Credit derivative product companies (85) (139) (947)
Asset-backed products (2) 29 235 (288)
Other credit exotics (175) 77 (558)
Equities (11) (17) (47)
Banking book hedges (1) (82) (1,613)
Other (3) 192 (100) 679
(721) (31) (5,161)
Impairment losses
Banking & portfolios 3,833 5,328 8,350
International businesses 82 200 499
Markets 4(52) 372
Total impairment losses 3,919 5,476 9,221
Loan impairment charge as % of gross customer loans and advances (excluding reverse repurchase
agreements) (4)
Banking & portfolios 4.9% 5.0% 5.8%
International businesses 3.7% 4.4% 4.1%
Markets (3.0%) 0.2% 7.5%
Total 4.8% 4.9% 5.7%
Notes:
(1) Includes losses on disposals of £127 million for 2011 (2010 - £504 million).
(2) Asset-backed products include super asset backed structures and other asset-backed products.
(3) Includes profits in RBS Sempra Commodities JV of £4 million for 2011 (2010 - £372 million).
(4) Includes disposal groups.