RBS 2014 Annual Report Download - page 42

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40
RBS – Interim Results 2015
Commercial Banking
Half year ended Quarter ended
30 June 30 June 30 June 31 March 30 June
2015 2014 2015 2015 2014
£m £m £m £m £m
Income statement
Net interest income 1,108 999 562 546 511
Net fees and commissions 433 448 226 207 227
Other non-interest income 173 121 104 69 60
Non-interest income 606 569 330 276 287
Total income 1,714 1,568 892 822 798
Direct expenses
- staff costs (255) (266) (126) (129) (133)
- other costs (110) (122) (56) (54) (60)
Indirect expenses (433) (402) (208) (225) (189)
Restructuring costs
- direct (10) (40) (10) - (40)
- indirect (8) (22) (7) (1) (21)
Litigation and conduct costs (59) (50) (59) - (50)
Operating expenses (875) (902) (466) (409) (493)
Profit before impairment losses 839 666 426 413 305
Impairment (losses)/releases (27) (31) (26) (1) 9
Operating profit 812 635 400 412 314
Operating profit - adjusted (1) 889 747 476 413 425
Note:
(1) Excluding restructuring costs and litigation and conduct costs.