RBS 2012 Annual Report Download - page 465

RBS GROUP 2012
463
35 Interest received and paid
2012
£m
2011
£m
2010
£m
Interest received 19,238 21,777 23,571
Interest paid (7,044) (8,629) (9,823)
12,194 13,148 13,748
36 Analysis of changes in financing during the year
Share capital, share premium,
paid-in equity and merger reserve Subordinated liabilities
2012
£m
2011
£m
2010
£m
2012
£m
2011
£m
2010
£m
At 1 January 52,972 52,75064,240 26,319 27,053 37,652
Issue of ordinary shares 120 21 — — —
Redemption of preference shares — —117 — — —
Redemption of paid-in equity — —(132)— — —
Cancellation of non-voting deferred shares — —(27) — — —
Net proceeds from issue of subordinated liabilities — —— 2,093 — —
Repayment of subordinated liabilities — —— (258) (627) (1,588)
Net cash inflow/(outflow) from financing 120 2(41) 1,835 (627) (1,588)
Transfer to retained earnings — (50)(12,252)— — —
Share capital sub-division and consolidation (8,933) —— — — —
Ordinary shares issued in respect of employee share
schemes 437 270803 — — —
Other adjustments including foreign exchange (1) —
—— (1,381)(107) (9,011)
At 31 December 44,596 52,97252,750 26,773 26,319 27,053
Note:
(1) The subordinated liabilities adjustment in 2010 includes £6.1 billion relating to the disposal of RFS Holdings minority interest.
37 Analysis of cash and cash equivalents
2012
£m
2011
£m
2010
£m
At 1 January
- cash 109,888 102,573 95,330
- cash equivalents 42,767 49,957 48,856
152,655 152,530 144,186
Disposal of subsidiaries — — (4,112)
Net cash (outflow)/inflow (19,814) 125 12,456
At 31 December 132,841 152,655 152,530
Comprising:
Cash and balances at central banks 79,290 79,269 56,590
Treasury bills and debt securities 772 3,172 5,672
Loans and advances to banks 52,779 70,214 90,268
Cash and cash equivalents 132,841 152,655 152,530
Certain members of the Group are required by law or regulation to maintain balances with the central banks in the jurisdictions in which they operate.
These balances are set out below.
2012 2011 2010
Bank of England £0.4bn £0.4bn £0.4bn
US Federal Reserve US$1.2bn US$1.2bn US$1.0bn
De Nederlandsche Bank €0.4bn €1.0bn €1.0bn