RBS 2012 Annual Report Download - page 485

RBS GROUP 2012
483
9 Accruals, deferred income and other liabilities
2012 2011 2010
£m £m £m
Current tax 183 92 114
Accruals 1 — 3
Deferred income — — 2
Other liabilities 307 612 915
491 704 1,034
10 Subordinated liabilities
2012 2011 2010
£m £m £m
Dated loan capital 7,590 6,459 6,685
Undated loan capital 2,946 1,516 563
Preference shares 769 802 800
11,305 8,777 8,048
Certain preference shares issued by the company are classified as liabilities; these securities remain subject to the capital maintenance rules of the
Companies Act 2006.
2012
Currently
£m
2013
£m
2014
£m
2015-2017
£m
2018-2022
£m
Thereafter
£m
Perpetual
£m
Total
£m
- final redemption — 647 618 417 1,601 4,420 3,602 11,305
- call date 767 2,257 1,822 1,225 1,601 1,514 2,119 11,305
2011
Currently
£m
2012
£m
2013
£m
2014-2016
£m
2017-2021
£m
Thereafter
£m
Perpetual
£m
Total
£m
- final redemption — 121 484 1,079 226 4,570 2,297 8,777
- call date 870 1,165 1,032 2,754 626 1,389 941 8,777
2010
Currently
£m
2011
£m
2012
£m
2013-2015
£m
2016-2020
£m
Thereafter
£m
Perpetual
£m
Total
£m
- final redemption — 307 — 1,558 225 4,605 1,353 8,048
- call date 868 306 1,076 3,357 1,056 901 484 8,048
2012 2011 2010
Dated loan capital £m £m £m
US$300 million 6.375% subordinated notes 2011 (1) — —198
US$750 million 5% subordinated notes 2013 (1) 467 487 485
US$750 million 5% subordinated notes 2014 (1) 469
490488
US$250 million 5% subordinated notes 2014 (1) 156 163 162
US$675 million 5.05% subordinated notes 2015 (1) 427 445 444
US$350 million 4.7% subordinated notes 2018 (1) 221 231230
US$2,250 million 6.125% subordinated notes 2022 (issued December 2012) (1) 1,392 ——
€1,250 million floating rate 2042 (callable quarterly from June 2012) (1,2) 1,019 1,079 1,111
US$750 million 6.8% 2042 (callable quarterly from December 2042) (1,2) 464
485 483
US$850 million 4.709% 2043 (callable quarterly from July 2013) (1,2) 526 548 546
US$650 million 6.425% 2043 (callable quarterly from January 2034) (1,2) 399 417416
€500 million 4.243% 2046 (callable quarterly from January 2016) (1,2) 424 435 449
US$950 million 5.512% 2044 (callable quarterly from September 2014) (1,2) 595 621 619
US$550 million floating rate 2044 (callable quarterly from September 2014) (1,2) 340 354 353
US$450 million floating rate 2044 (callable quarterly from September 2014) (1,2) 278 291290
£400 million 5.6457% 2047 (callable quarterly from June 2017) (2) 413 413411
7,590 6,459 6,685
Notes:
(1) On-lent to The Royal Bank of Scotland plc on a subordinated basis.
(2) The call is on the underlying security in the partnership, rather than the internal issued debt.