RBS 2013 Annual Report Download - page 199
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Business review Risk and balance sheet management
197
2013 2012 2011
Current Transitional Full Current Transitional Full Current
basis basis basis basis basis basis basis
(Basel 2.5) (PRA) (final CRR) (Basel 2.5) (draft CRR) (draft CRR) (Basel 2.5)
£m £m £m £m £m £m £m
Shareholders’ equity (excluding non-controlling interests)
Shareholders' equity 58,742 58,742 58,742 68,678 68,678 68,168 75,367
Preference shares - equity (4,313) (4,313) (4,313) (4,313) (4,313) (4,313) (4,313)
Other equity instruments (979) (979) (979) (979) (979) (979) (979)
53,450 53,450 53,450 63,386 63,386 62,876 70,075
Non-controlling interests
Non-controlling interests 473 — — 1,770 1,770 1,770 686
Regulatory adjustments to non-controlling interests — — — (1,367) (1,367) (1,770) (259)
473 — — 403 403 — 427
Regulatory adjustments and deductions
Own credit 726 601 601 691 691 493 (2,634)
Defined benefit pension fund adjustment 362 (172) (172) 913 (144) (144) —
Net unrealised AFS losses 308 — — 346 346 — 957
Cash flow hedging reserve 84 84 84 (1,666) (1,666) (1,666) (879)
Other regulatory adjustments (103) (55) (55) (197) — — 571
Deferred tax assets —(2,260) (2,260) — (323) (3,231) —
Prudential valuation adjustments —(781) (781) — (310) (310) —
Qualifying deductions exceeding Additional Tier 1 (AT1) capital — — — — (8,420) — —
Goodwill and other intangible assets (12,368) (12,368) (12,368) (13,545) — (13,956) (14,858)
50% of expected losses less impairment provisions (19) (1,731) (1,731) (1,904) — (6,154) (2,536)
50% of securitisation positions (748) — — (1,107) — — (2,019)
50% of APS first loss — — — — — — (2,763)
(11,758) (16,682) (16,682) (16,469) (9,826) (24,968) (24,161)
Core Tier 1 capital 42,165 36,768 36,768 47,320 53,963 37,908 46,341
Other Tier 1 capital
Preference shares - equity 4,313 — — 4,313 — — 4,313
Preference shares - debt 911 — — 1,054 — — 1,094
Innovative/hybrid Tier 1 securities 4,207 — — 4,125 — — 4,667
Qualifying Tier 1 capital and related share premium subject to
phase out from AT1 capital —5,831 — — 4,571 — —
Qualifying Tier 1 capital included in consolidated AT1 capital
issued by subsidiaries and held by third parties —1,749 — — 4,042 — —
9,431 7,580 — 9,492 8,613 — 10,074
Tier 1 deductions
50% of material holdings (1) (976) — — (295) — — (340)
Tax on expected losses less impairment provisions 6 — — 618 — — 915
Other regulatory adjustments — — — — (17,033) — —
(970) — — 323 (17,033) — 575
Qualifying deductions exceeding AT1 capital — — — — 8,420 — —
Total Tier 1 capital 50,626 44,348 36,768 57,135 53,963 37,908 56,990
For the note to this table refer to the following page.
*unaudited