RBS 2013 Annual Report Download - page 485
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Notes on the consolidated accounts
483
33 Net cash (outflow)/inflow from operating activities 2013 2012* 2011*
£m £m £m
Operating loss before tax - continuing operations (8,243) (5,277) (1,396)
Operating profit/(loss) before tax - discontinued operations 177 (111) 482
Decrease in prepayments and accrued income 300 787 976
Interest on subordinated liabilities 886 841 740
Decrease in accruals and deferred income (889) (3,653) (2,897)
Provisions for impairment losses 8,432 5,283 8,709
Loans and advances written-off net of recoveries (4,090) (3,925) (4,000)
Unwind of discount on impairment losses (391) (476) (484)
Profit on sale of property, plant and equipment (44) (20) (22)
(Profit)/loss on sale of subsidiaries and associates (240) (95) 28
Profit on sale of securities (830) (1,235) (882)
Charge for defined benefit pension schemes 517 558 555
Pension schemes curtailment and settlement gains (7) (41) —
Cash contribution to defined benefit pension schemes (821) (977) (1,059)
Other provisions charged net of releases 4,422 2,899 963
Other provisions utilised (2,066) (1,507) (513)
Depreciation and amortisation 1,410 1,854 1,875
Gain on redemption of own debt (175) (454) (255)
Write-down of goodwill and other intangible assets 1,403 518 91
Elimination of foreign exchange differences (47) 7,140 2,702
Other non-cash items (1,209) 1,809 1,340
Net cash (outflow)/inflow from trading activities (1,505) 3,918 6,953
Decrease in loans and advances to banks and customers 49,314 30,719 15,800
Decrease in securities 29,140 13,537 10,418
(Increase)/decrease in other assets (190) 1,672 4,991
Decrease/(increase) in derivative assets 153,864 88,134 (102,972)
Changes in operating assets 232,128 134,062 (71,763)
(Decrease)/increase in deposits by banks and customers (84,364) (7,848) 24,096
Decrease in insurance liabilities — (119) (482)
Decrease in debt securities in issue (26,868) (68,029) (55,496)
(Decrease)/increase in other liabilities (885) (4,022) 1,827
(Decrease)/increase in derivative liabilities (148,807) (89,763) 100,133
Increase/(decrease) in settlement balances and short positions 16 (13,017) (1,759)
Changes in operating liabilities (260,908) (182,798) 68,319
Income taxes paid (346) (295) (184)
Net cash (outflow)/inflow from operating activities (30,631) (45,113) 3,325
*Restated