RBS 2012 Annual Report Download - page 467

RBS GROUP 2012
465
Net
interest
income
Non-interest
income
Total
income
Operating
expenses and
insurance
claims
Depreciation
and
amortisation
Impairment
losses
Operating
profit/(loss)
2012 £m £m £m £m £m £m £m
UK Retail 3,990 979 4,969 (2,549)— (529)1,891
UK Corporate 2,974 1,749 4,723 (1,916)(173)(838)1,796
Wealth 720 450 1,170 (852) (19)(46)253
International Banking 913 1,209 2,122 (1,417)— (111) 594
Ulster Bank 649 196 845 (521) — (1,364)(1,040)
US Retail & Commercial 1,948 1,143 3,091 (2,143) (103)(91) 754
Markets 111 4,372 4,483 (2,707)(
230) (37)1,509
Direct Line Group (1) 280 3,437 3,717 (3,225)(51) —441
Central items (134)513 379 512 (708)(40) 143
Core 11,451 14,048 25,499 (14,818)(1,284)(3,056)6,341
Non-Core 244 44 288 (694)(250) (2,223)(2,879)
Managed basis 11,695 14,092 25,787 (15,512) (1,534)(5,279)3,462
Reconciling items
Own credit adjustments — (4,649)(4,649)— —
—(4,649)
Asset Protection Scheme — (44)(44)— — — (44)
Payment Protection Insurance costs — — — (1,110) — — (1,110)
Interest Rate Hedging Products redress and related costs — — — (700) — — (700)
Regulatory fines — — — (381) — — (381)
Amortisation of purchased intangible assets — — — — (178)—(178)
Integration and restructuring costs — — — (1,408)(
142) —(1,550)
Gain on redemption of own debt — 454 454 — — — 454
Strategic disposals — 113 113 — — — 113
Bank levy — — — (175)— — (175)
Write-down of goodwill and other intangible assets — — — (518)— — (518)
RFS Holdings minority interest (15)(3)(18) (2) — — (20)
Statutory basis including the results of Direct Line Group
discontinued operations 11,680 9,963 21,643 (19,806)(1,854)(5,279)(5,296)
Direct Line Group discontinued operations (1) (278)(3,424)(3,702) 3,781 52—131
Statutory basis 11,402 6,539 17,941 (16,025)(1,802) (5,279)(5,165)
Note:
(1) Included within Direct Line Group discontinued operations are the managed basis divisional results of Direct Line Group (DLG), certain DLG related activities in Central items; and related one-off and
other items including write-down of goodwill, integration and restructuring costs and strategic disposals. Refer to Note 20 for further information.