RBS 2013 Annual Report Download - page 153
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Business review
151
2013 2012 2011
£bn £bn £bn
Capital and balance sheet
Loans and advances to customers (gross) 25.4 29.8 31.5
Loan impairment provisions (0.2) (0.2) (0.2)
Net loans and advances to customers 25.2 29.6 31.3
Net loans and advances to banks 12.5 16.6 29.9
Reverse repos 76.2 103.8 100.5
Securities 69.8 92.4 108.4
Cash and eligible bills 20.3 30.2 28.1
Other 8.8 11.9 15.7
Total third party assets (excluding derivatives mark-to-market) 212.8 284.5 313.9
Net derivative assets (after netting) 15.5 21.9 37.0
Provision coverage (1) 85% 77% 75%
Customer deposits (excluding repos) 21.5 26.3 36.8
Bank deposits (excluding repos) 23.8 45.4 48.2
Risk-weighted assets
- credit risk
- non-counterparty 10.8 14.0 16.7
- counterparty 17.5 34.7 39.9
- market risk 26.4 36.9 50.6
- operational risk 9.8 15.7 13.1
Total risk-weighted assets 64.5 101.3 120.3
Income statement (ongoing business) £m £m £m
Total income 3,094 4,076 3,507
Direct expenses (1,750) (1,902) (2,220)
Indirect expenses (682) (753) (762)
Impairment (losses)/recoveries (7) 10 (2)
Operating profit 655 1,431 523
Performance ratios (ongoing business)
Return on equity (2) 6.8% 11.5% 4.3%
Cost:income ratio 79% 65% 85%
Compensation ratio (3) 35% 31% 46%
Balance sheet (ongoing businesses) £bn £bn £bn
Total third party assets (excluding derivatives mark-to-market) 198.8 259.3 278.6
Risk-weighted assets 52.1 79.1 95.5
Notes:
(1) Provision coverage percentage represents loan impairment provisions as a percentage of risk elements in lending.
(2) Divisional return on equity is based on divisional operating profit after tax, divided by average notional equity (based on 10% of the monthly average of divisional RWAs, adjusted for capital
deductions), for ongoing businesses.
(3) Compensation ratio is based on staff costs as a percentage of total income.