RBS 2013 Annual Report Download - page 173
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Business review
171
Income statement for the year ended 31 December 2011
Reallocation
of one-off
Managed items Statutory
£m £m £m
Net interest income 12,313 (10) 12,303
Non-interest income 11,111 1,237 12,348
Total income 23,424 1,227 24,651
Operating expenses (14,846) (2,494) (17,340)
Operating profit before impairment losses 8,578 (1,267) 7,311
Impairment losses (7,437) (1,270) (8,707)
Operating profit/(loss) 1,141 (2,537) (1,396)
Own credit adjustments 1,914 (1,914) —
Payment Protection Insurance costs (850) 850 —
Sovereign debt impairment and related interest rate hedge adjustments (1,268) 1,268 —
Integration and restructuring costs (1,021) 1,021 —
Gain on redemption of own debt 255 (255) —
A
sset Protection Scheme (906) 906 —
A
mortisation of purchased intangible assets (222) 222 —
Strategic disposals (105) 105 —
Bank levy (300) 300 —
Bonus Tax (27) 27 —
RFS Holdings minority interest (7) 7 —
Operating loss before tax (1,396) — (1,396)
Tax charge (1,075) — (1,075)
Loss from continuing operations (2,471) — (2,471)
Profit from discontinued operations, net of tax
- Direct Line Group 301 — 301
- Other 47 — 47
Profit from discontinued operations, net of tax 348 — 348
Loss for the year (2,123) — (2,123)
Non-controlling interests (28) — (28)
Loss attributable to ordinary and B shareholders (2,151) — (2,151)