RBS 2012 Annual Report Download - page 94

Non-Core
2012 2011 2010
£m £m £m
Net interest income 346 863 1,749
Net fees and commissions 105 (38) 471
Loss from trading activities (654) (721) (31)
Insurance net premium income — 286 702
Other operating income
- rental income 421 743 752
- other (1) 70 55 (889)
Non-interest income (58) 325 1,005
Total income 288 1,188 2,754
Direct expenses
- staff (272) (375) (731)
- operating lease depreciation (246) (347) (452)
- other (163) (256) (573)
Indirect expenses (263) (317) (500)
(944) (1,295) (2,256)
Operating (loss)/profit before insurance net claims and impairment losses (656) (107) 498
Insurance net claims — (195) (737)
Impairment losses (2,223) (3,919) (5,476)
Operating loss (2,879) (4,221) (5,715)
Analysis of income/(loss) by business
Banking & portfolios 40 1,465 1,463
International businesses 250 411 778
Markets (2) (688) 513
Total income 288 1,188 2,754
Loss from trading activities
Monoline exposures (205) (670) (5)
Credit derivative product companies (205) (85) (139)
Asset-backed products (2) 101 29 235
Other credit exotics (28) (175) 77
Equities (2) (11) (17)
Banking book hedges (38) (1) (82)
Other (277) 192 (100)
(654) (721) (31)
Impairment losses
Banking & portfolios 2,346 3,833 5,328
International businesses 56 82 200
Markets (179) 4 (52)
Total impairment losses 2,223 3,919 5,476
Loan impairment charge as % of gross customer loans and advances (excluding reverse repurchase
agreements) (3)
Banking & portfolios 4.2% 4.9% 5.0%
International businesses 5.1% 3.7% 4.4%
Markets — (3.0%) 0.2%
Total 4.2% 4.8% 4.9%
Notes:
(1) Includes losses on disposals of £14 million for 2012 (2011 - £127 million; 2010 - £504 million).
(2) Asset-backed products include super asset backed structures and other asset-backed products.
(3) Includes disposal groups.
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