RBS 2013 Annual Report Download - page 472
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Notes on the consolidated accounts
470
31 Capital resources
The Group's regulatory capital resources in accordance with PRA definitions were as follows:
2013 2012 2011
£m £m £m
Shareholders’ equity (excluding non-controlling interests)
Shareholders' equity 58,742 68,678 75,367
Preference shares - equity (4,313) (4,313) (4,313)
Other equity instruments (979) (979) (979)
53,450 63,386 70,075
Non-controlling interests
Non-controlling interests 473 1,770 686
Regulatory adjustments to non-controlling interests — (1,367) (259)
473 403 427
Regulatory adjustments and deductions
Own credit 726 691 (2,634)
Defined benefit pension fund adjustment 362 913 —
Net unrealised AFS losses 308 346 957
Cash flow hedging reserve 84 (1,666) (879)
Other regulatory adjustments (103) (197) 571
Goodwill and other intangible assets (12,368) (13,545) (14,858)
50% of expected losses less impairment provisions (19) (1,904) (2,536)
50% of securitisation positions (748) (1,107) (2,019)
50% of APS first loss — — (2,763)
(11,758) (16,469) (24,161)
Core Tier 1 capital 42,165 47,320 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
9,431 9,492 10,074
Tier 1 deductions
50% of material holdings (1) (976) (295) (340)
Tax on expected losses less impairment provisions 6 618 915
(970) 323 575
Total Tier 1 capital 50,626 57,135 56,990
Note:
(1) From 1 January 2013 material holdings in insurance companies are deducted 50% from Tier 1 and 50% from Tier 2.