RBS 2012 Annual Report Download - page 355

RBS GROUP 2012
353
Note
2012
£m
2011
£m
2010
£m
Interest receivable 18,530 21,036 22,352
Interest payable (7,128) (8,733) (8,570)
Net interest income 1 11,402 12,303 13,782
Fees and commissions receivable 2 5,709 6,379 8,193
Fees and commissions payable 2 (834) (962)(1,892)
Income from trading activities 2 1,675 2,701 4,517
Gain on redemption of own debt 2 454 255 553
Other operating income 2 (465) 3,975 1,355
Insurance net premium income — — 114
Non-interest income 6,539 12,348 12,840
Total income 17,941 24,651 26,622
Staff costs (8,076) (8,356) (9,379)
Premises and equipment (2,232)(2,423) (2,380)
Other administrative expenses (5,593) (4,436) (3,571)
Depreciation and amortisation (1,802)(1,839) (2,125)
Write-down of goodwill and other intangible assets (124) (80)(1)
Operating expenses 3 (17,827) (17,134) (17,456)
Profit before insurance net claims and impairment losses 114 7,517 9,166
Insurance net claims — — (85)
Impairment losses 13 (5,279) (8,707) (9,235)
Operating loss before tax (5,165) (1,190) (154)
Tax charge 6 (469) (1,127) (703)
Loss from continuing operations (5,634) (2,317) (857)
(Loss)/profit from discontinued operations, net of tax
- Direct Line Group 20 (184) 301 (176)
- Other 20 12 47 (633)
(Loss)/profit from discontinued operations, net of tax (172)348 (809)
Loss for the year (5,806) (1,969) (1,666)
Loss attributable to:
Non-controlling interests (123) 28 (665)
Preference shareholders 7 273 — 105
Paid-in equity holders 7 15 — 19
Ordinary and B shareholders (5,971)(1,997) (1,125)
(5,806) (1,969) (1,666)
Per ordinary and B share (1,2)
Basic and diluted loss from continuing operations 9 (53.7p) (21.3p) (2.9p)
Basic and diluted loss from continuing and discontinued operations 9 (54.3p) (18.5p) (4.8p)
Notes:
(1) B shares rank pari-passu with ordinary shares.
(2) Prior years have been adjusted for the sub-division and one-for-ten consolidation of ordinary shares in 2012.
The accompanying notes on pages 373 to 474, the accounting policies on pages 360 to 371 and the audited sections of the Business review: Risk and
balance sheet management on pages 107 to 293 form an integral part of these financial statements.
Consolidated income statement for the year ended 31 December 2012