RBS 2012 Annual Report Download - page 464

462
Notes on the consolidated accounts continued
33 Net cash (outflow)/inflow from operating activities
2012 2011 2010
£m £m £m
Operating loss before tax - continuing operations (5,165) (1,190)(154)
Operating (loss)/profit before tax - discontinued operations (111)482 (786)
Decrease/(increase) in prepayments and accrued income 787 976 (67)
Interest on subordinated liabilities 841 740 500
Decrease in accruals and deferred income (3,653) (2,897) (1,915)
Provisions for impairment losses 5,283 8,709 9,298
Loans and advances written-off net of recoveries (3,925) (4,000) (5,631)
Unwind of discount on impairment losses (476) (484) (455)
Profit on sale of property, plant and equipment (20)(22)(50)
(Profit)/loss on sale of subsidiaries and associates (95) 28 107
Profit on sale of securities (1,235) (882) (496)
Charge for defined benefit pension schemes 446 349 540
Pension schemes curtailment and settlement gains (41)— (78)
Cash contribution to defined benefit pension schemes (977) (1,059) (832)
Other provisions charged net of releases 2,899 963 381
Other provisions utilised (1,507) (513) (211)
Depreciation and amortisation 1,854 1,875 2,220
Gain on redemption of own debt (454) (255) (553)
Write-down of goodwill and other intangible assets 518 91 10
Elimination of foreign exchange differences 7,140 2,702 (691)
Other non-cash items 1,809 1,340 494
Net cash inflow from trading activities 3,918 6,953 1,631
Decrease in loans and advances to banks and customers 30,719 15,800 42,766
Decrease in securities 13,537 10,418 8,723
Decrease in other assets 1,672 4,991 445
Decrease/(increase) in derivative assets 88,134 (102,972)10,741
Changes in operating assets 134,062 (71,763) 62,675
(Decrease)/increase in deposits by banks and customers (7,848) 24,096 (24,794)
(Decrease)/increase in insurance liabilities (119) (482) 494
Decrease in debt securities in issue (68,029) (55,496) (28,493)
(Decrease)/increase in other liabilities (4,022)1,827 1,108
(Decrease)/increase in derivative liabilities (89,763) 100,133 2,454
(Decrease)/increase in settlement balances and short positions (13,017) (1,759) 3,651
Changes in operating liabilities (182,798) 68,319 (45,580)
Income taxes (paid)/received (295) (184) 565
Net cash (outflow)/inflow from operating activities (45,113) 3,325 19,291
34 Analysis of the net investment in business interests and intangible assets
Acquisitions and disposals
2012
£m
2011
£m
2010
£m
Fair value given for businesses acquired (68) (44) (210)
Other assets sold 1,317 (299) 4,539
Non-cash consideration (90)— —
Loss on disposal 95 (28) (107)
Net inflow/(outflow) of cash in respect of disposals 1,322 (327) 4,432
Dividends received from joint ventures 22 11 7
Cash expenditure on intangible assets (924) (1,068) (783)
Net inflow/(outflow) 352 (1,428) 3,446
The Group's reported results from continuing operations for 2012, 2011 and 2010 would not have been materially affected had all acquisitions occurred
on 1 January 2010.