RBS 2013 Annual Report Download - page 171
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Business review
169
Reconciliations of managed to statutory income statements
Basis of preparation of managed results
The financial information on a managed basis, prepared using the Group’s accounting policies, shows the underlying performance of the Group which
excludes certain one-off and other items which are listed on page 102. This information is provided to give a better understanding of the results of the
Group’s operations.
Income statement for the year ended 31 December 2013
Reallocation
of one-off
Managed items Statutory
£m £m £m
Net interest income 10,992 (11) 10,981
Non-interest income 8,450 326 8,776
Total income 19,442 315 19,757
Operating expenses (13,313) (6,255) (19,568)
Operating profit before impairment losses 6,129 (5,940) 189
Impairment losses (8,432) — (8,432)
Operating loss (2,303) (5,940) (8,243)
Own credit adjustments (120) 120 —
Payment Protection Insurance costs (900) 900 —
Interest Rate Hedging Products redress and related costs (550) 550 —
Regulatory and legal actions (2,394) 2,394 —
Integration and restructuring costs (656) 656 —
Gain on redemption of own debt 175 (175) —
Write-down of goodwill (1,059) 1,059 —
A
mortisation of purchased intangible assets (153) 153 —
Strategic disposals 161 (161) —
Bank levy (200) 200 —
Write-down of other intangible assets (344) 344 —
RFS Holdings minority interest 100 (100) —
Operating loss before tax (8,243) — (8,243)
Tax charge (382) — (382)
Loss from continuing operations (8,625) — (8,625)
Profit from discontinued operations, net of tax
- Direct Line Group 127 — 127
- Other 21 — 21
Profit from discontinued operations, net of tax 148 — 148
Loss for the year (8,477) — (8,477)
Non-controlling interests (120) — (120)
Preference share and other dividends (398) — (398)
Loss attributable to ordinary and B shareholders (8,995) — (8,995)