RBS 2013 Annual Report Download - page 156
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Business review
154
Non-Core 2013 2012 2011
£m £m £m
Net interest income (61) 346 828
Net fees and commissions 55 105 54
Loss from trading activities (148) (654) (721)
Other operating income
- rental income 142 421 743
- other (1) (334) 70 70
Non-interest income (285) (58) 146
Total income (346) 288 974
Direct expenses
- staff (203) (276) (376)
- operating lease depreciation (76) (246) (347)
- other (128) (164) (240)
Indirect expenses (198) (258) (313)
(605) (944) (1,276)
Loss before impairment losses (951) (656) (302)
Impairment losses (4,576) (2,223) (3,917)
Operating loss (5,527) (2,879) (4,219)
A
nalysis of (loss)/income by business
Banking & portfolios (496) 40 1,251
International businesses 51 250 411
Markets 99 (2) (688)
Total income (346) 288 974
Loss from trading activities
Monoline exposures (46) (205) (670)
Credit derivative product companies (5) (205) (85)
A
sset-backed products (2) 103 101 29
Other credit exotics 32 (28) (175)
Equities 2 (2) (11)
Banking book hedges 3 (38) (1)
Other (237) (277) 192
(148) (654) (721)
Impairment losses
Banking & portfolios 4,646 2,346 3,831
International businesses 1 56 82
Markets (71) (179) 4
Total impairment losses 4,576 2,223 3,917
Of which RCR related (3) 3,118 — —
Loan impairment charge as % of gross customer loans and advances
(excluding reverse repurchase agreements) (4)
Banking & portfolios 12.9% 4.2% 4.9%
International businesses 0.5% 5.1% 3.7%
Markets — — (3.0%)
Total 12.8% 4.2% 4.8%
Notes:
(1) Includes losses on disposals of £221 million for 2013 (2012 - £14 million; 2011 - £127 million).
(2) Asset-backed products include super asset backed structures and other asset-backed products.
(3) Pertaining to the creation of RCR and related strategy.
(4) Includes disposal groups.