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7
RBS – Interim Results 2015
Appendix 1 Capital and risk management
Capital resources
End-point CRR basis (1) PRA transitional basis (1)
30 June 31 March 31 Decembe
r
30 June 31 March 31 Decembe
r
2015 2015 2014 2015 2015 2014
£m £m £m £m £m £m
Shareholders’ equity (excluding
non-controlling interests)
Shareholders’ equity 56,064 56,808 57,246 56,064 56,808 57,246
Preference shares - equity (4,313) (4,313) (4,313) (4,313) (4,313) (4,313)
Other equity instruments (634) (634) (784) (634) (634) (784)
51,117 51,861 52,149 51,117 51,861 52,149
Regulatory adjustments and deductions
Own credit 345 609 500 345 609 500
Defined benefit pension fund
adjustment (250) (245) (238) (250) (245) (238)
Cash flow hedging reserve (435) (1,109) (1,029) (435) (1,109) (1,029)
Deferred tax assets (1,206) (1,140) (1,222) (1,206) (1,140) (1,222)
Prudential valuation adjustments (366) (393) (384) (366) (393) (384)
Goodwill and other intangible assets (7,198) (7,619) (7,781) (7,198) (7,619) (7,781)
Expected losses less impairments (1,319) (1,512) (1,491) (1,319) (1,512) (1,491)
Other regulatory adjustments (635) (327) (585) (612) (305) (855)
(11,064) (11,736) (12,230) (11,041) (11,714) (12,500)
CET1 capital 40,053 40,125 39,919 40,076 40,147 39,649
A
dditional Tier 1 (AT1) capital
Qualifying instruments and related
share premium subject to phase out - - -6,709 5,092 5,820
Qualifying instruments issued by
subsidiaries and held by third parties - - -- 1,114 1,648
AT1 capital - - -6,709 6,206 7,648
Tier 1 capital 40,053 40,125 39,919 46,785 46,353 47,117
Qualifying Tier 2 capital
Qualifying instruments and related
share premium 5,433 5,734 5,542 10,141 6,254 6,136
Qualifying instruments issued by
subsidiaries and held by third parties 2,748 2,955 3,175 3,432 6,716 7,490
Tier 2 capital 8,181 8,689 8,717 13,573 12,970 13,626
Total regulatory capital 48,234 48,814 48,636 60,358 59,323 60,743
Note:
(1) Capital Requirements Regulation (CRR) as implemented by the Prudential Regulation Authority in the UK, with effect from 1 January 2014. All regulatory adjustments and
deductions to CET1 have been applied in full for the end-point CRR basis with the exception of unrealised gains on available-for-sale (AFS) securities which has been
included from 2015 for the PRA transitional basis.