RBS 2012 Annual Report Download - page 431

RBS GROUP 2012
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(d) Other comprehensive income relating to Direct Line Group
2012 2011 2010
£m £m £m
Other comprehensive income
Available-for-sale financial assets 20 129 87
Currency translation (11) (4) (3)
Actuarial losses on defined benefit plans (3) (1) 11
Other comprehensive income before tax 6 124 95
Tax credit/(charge) 2 (35) (27)
8 89 68
(e) Direct Line Group assets and liabilities
2012 2011 2010
General insurance business assets and liabilities £m £m £m
Loans and advances to banks 2,036 2,579 2,484
Loans and advances to customers 881 893 1,118
Debt securities and equity shares 7,156 7,992 7,868
Derivatives 12 — —
Intangible assets 750 1,065 985
Property, plant and equipment 222 132 138
Prepayments, accrued income and other assets 1,640
1,200 1,382
Assets of disposal group 12,697
Assets separately consolidated 13,861 13,975
Derivatives 4 — —
Insurance liabilities 6,193 6,233 6,716
Subordinated liabilities 529 — —
Accruals, deferred income and other liabilities 2,541 2,739 2,905
Liabilities of disposal group 9,267
Liabilities separately consolidated 8,972 9,621
2012 2011 2010
£m £m £m
Notified claims 3,805 3,872 4,023
Incurred but not reported claims 1,647 1,939 2,316
Insurance liabilities 6,193 6,233 6,716
Reinsurance (743) (423) (380)
Net claims 5,450 5,810 6,336
Provision for unearned income 1,775 1,872 2,216
Outstanding claims are not discounted for the time value of money, except for claims settled by periodical payments under the Courts Act 2003. Of the
insurance liabilities above, £818 million (2011 - £835 million: 2010 - £827 million) relates to claims that are being or may be settled by periodical
payments, net of reinsurance.
21 Short positions
2012 2011 2010
£m £m £m
Debt securities
- Government 23,551 32,895 34,056
- Other issuers 3,429 6,164 6,961
Equity shares 611 1,980 2,101
27,591 41,039 43,118
Note:
(1) All short positions are classified as held-for-trading.