RBS 2012 Annual Report Download - page 468

466
Notes on the consolidated accounts continued
38 Segmental analysis continued
Net
interest
income
Non-interest
income
Total
income
Operating
expenses and
insurance
claims
Depreciation
and
amortisation
Impairment
losses
Operating
profit/(loss)
2011 £m £m £m £m £m £m £m
UK Retail 4,302 1,206 5,508 (2,699)— (788)2,021
UK Corporate 3,092 1,771 4,863 (1,974)(172) (793)1,924
Wealth 645 459 1,104 (820) (11) (25)248
International Banking 1,157 1,398 2,555 (1,623)(9)(
168)755
Ulster Bank 736 211 947 (546) (1) (1,384)(984)
US Retail & Commercial 1,900 1,137 3,037 (2,057) (117)(326)537
Markets 67 4,348 4,415 (3,319)(159)(38)899
Direct Line Group (1) 343 3,729 4,072 (3,583)(35)— 454
Central items (201) 221 20 950 (781) 2 191
Core 12,041 14,480 26,521 (15,671) (1,285)(3,520) 6,045
Non-Core 648 540 1,188 (1,133)(357)(3,919)(4,221)
Managed basis 12,689 15,020 27,709 (16,804)(1,642) (7,439)1,824
Reconciling items
Own credit adjustments — 1,914 1,914 — — — 1,914
Asset Protection Scheme — (906)(906)— — — (906)
Payment Protection Insurance costs — — — (850) — — (850)
Sovereign debt impairment — — — — — (1,099)(1,099)
Interest rate hedge adjustments on impaired available-for-sale
sovereign debt — — — — — (169)(169)
Amortisation of purchased intangible assets — — — — (222) —(222)
Integration and restructuring costs (2) (3)(5)(1,048) (11) —(1,064)
Gain on redemption of own debt — 255 255 — — — 255
Strategic disposals — (24)(24)(80) — — (104)
Bank levy — — — (300) — — (300)
Bonus tax — — — (27)— — (27)
Write-down of goodwill and other intangible assets — — — (11) — — (11)
RFS Holdings minority interest (8)2 (6)1 — (2) (7)
Statutory basis including the results of Direct Line Group
discontinued operations 12,679 16,258 28,937 (19,119)(1,875)(8,709)(766)
Direct Line Group discontinued operations (1) (376)(3,910) (4,286)3,824 36 2(424)
Statutory basis 12,303 12,348 24,651 (15,295)(1,839)(8,707)(1,190)
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 Non-Core; and
related one-off and other items including integration and restructuring costs and strategic disposals. Refer to Note 20 for further information.