RBS 2013 Annual Report Download - page 172
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Business review
170
Income statement for the year ended 31 December 2012
Reallocation
of one-off
Managed items Statutory
£m £m £m
Net interest income 11,417 (15) 11,402
Non-interest income 10,668 (4,129) 6,539
Total income 22,085 (4,144) 17,941
Operating expenses (13,854) (4,085) (17,939)
Operating profit before impairment losses 8,231 (8,229) 2
Impairment losses (5,279) — (5,279)
Operating profit/(loss) 2,952 (8,229) (5,277)
Own credit adjustments (4,649) 4,649 —
Payment Protection Insurance costs (1,110) 1,110 —
Interest Rate Hedging Products redress and related costs (700) 700 —
Regulatory and legal actions (381) 381 —
Integration and restructuring costs (1,415) 1,415 —
Gain on redemption of own debt 454 (454) —
Write-down of goodwill (18) 18 —
A
sset Protection Scheme (44) 44 —
A
mortisation of purchased intangible assets (178) 178 —
Strategic disposals 113 (113) —
Bank levy (175) 175 —
Write-down of other intangible assets (106) 106 —
RFS Holdings minority interest (20) 20 —
Operating loss before tax (5,277) — (5,277)
Tax charge (441) — (441)
Loss from continuing operations (5,718) — (5,718)
(Loss)/profit from discontinued operations, net of tax
- Direct Line Group (184) — (184)
- Other 12 — 12
Loss from discontinued operations, net of tax (172) — (172)
Loss for the year (5,890) — (5,890)
Non-controlling interests 136 — 136
Preference share and other dividends (301) — (301)
Loss attributable to ordinary and B shareholders (6,055) — (6,055)