RBS 2014 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2014 RBS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 199

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199

68
RBS – Interim Results 2015
Condensed consolidated statement of comprehensive income for the period ended 30 June 2015
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
Profit/(loss) for the period 358 1,954 814 (456) 665
Items that do qualify for reclassification
A
vailable-for-sale financial assets (45) 529 (247) 202 265
Cash flow hedges (710) 248 (834) 124 (47)
Currency translation (573) (733) (584) 11 (598)
Tax 144 (160) 246 (102) (72)
Other comprehensive (loss)/income after tax (1,184) (116) (1,419) 235 (452)
Total comprehensive (loss)/income for the period (826) 1,838 (605) (221) 213
Total comprehensive (loss)/income is
attributable to:
Non-controlling interests 299 30 252 47 6
Preference shareholders 143 140 73 70 75
Paid-in equity holders 24 27 20 4 17
Dividend access share -320 - - 320
Ordinary and B shareholders (1,292) 1,321 (950) (342) (205)
(826) 1,838 (605) (221) 213
Key points
● The movement in available-for-sale financial assets during the quarter reflects unrealised losses on
available-for-sale euro and US dollar securities, partially offset by realised gains on available-for-sale
equity shares. During the half year, these unrealised losses are largely offset by realised losses on
available-for-sale bonds.
● Cash flow hedging losses for both the quarter and half year predominantly result from increases in the
sterling swap rate across the maturity profile of the portfolio.
● Currency translation losses for the quarter are due to the strengthening of sterling against both the
euro and the US dollar. Losses for the half year are predominantly due to the strengthening of sterling
against the euro.