RBS 2012 Annual Report Download - page 453

RBS GROUP 2012
451
31 Capital resources
The Group's regulatory capital resources in accordance with Financial Services Authority (FSA) definitions were as follows:
Shareholders’ equity (excluding non-controlling interests) 2012
£m
2011
£m
2010
£m
Shareholders’ equity per balance sheet 68,130 74,819 75,132
Preference shares - equity (4,313) (4,313) (4,313)
Other equity instruments (431)(431) (431)
63,386 70,075 70,388
Non-controlling interests
Non-controlling interests per balance sheet 2,318 1,234 1,719
Non-controlling preference shares (548) (548) (548)
Other adjustments to non-controlling interests for regulatory purposes (1,367) (259) (259)
403 427 912
Regulatory adjustments and deductions
Own credit 691 (2,634) (1,182)
Defined benefit pension adjustment 913 — —
Unrealised losses on AFS debt securities 409 1,065 2,061
Unrealised gains on AFS equity shares (63) (108) (25)
Cash flow hedging reserve (1,666) (879) 140
Other adjustments for regulatory purposes (197) 571 204
Goodwill and other intangible assets (13,545) (14,858) (14,448)
50% excess of expected losses over impairment provisions (net of tax) (1,904) (2,536) (1,900)
50% of securitisation positions (1,107) (2,019) (2,321)
50% of APS first loss — (2,763) (4,225)
(16,469) (24,161)(21,696)
Core Tier 1 capital 47,320 46,341 49,604
Other Tier 1 capital
Preference shares - equity 4,313 4,313 4,313
Preference shares - debt 1,054 1,094 1,097
Innovative/hybrid Tier 1 securities 4,125 4,667 4,662
9,492 10,074 10,072
Tier 1 deductions
50% of material holdings (295) (340)(310)
Tax on excess of expected losses over impairment provisions 618 915 758
323 575 448
Total Tier 1 capital 57,135 56,990 60,124