RBS 2014 Annual Report Download - page 78

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76
RBS – Interim Results 2015
Notes
3. Accounting policies
There have been no significant changes to the Group’s principal accounting policies as set out on pages 349
to 357 of the 2014 Annual Report and Accounts. Amendments to IFRSs effective for 2015 have not had a
material effect on the results for the half year ended 30 June 2015.
Critical accounting policies and key sources of estimation uncertainty
The reported results of the Group are sensitive to the accounting policies, assumptions and estimates that
underlie the preparation of its financial statements. The judgements and assumptions that are considered to
be the most important to the portrayal of the Group’s financial condition are those relating to pensions;
goodwill; provisions for liabilities; deferred tax; loan impairment provisions and fair value of financial
instruments. These critical accounting policies and judgments are described on pages 357 to 359 of the
Group’s 2014 Annual Report and Accounts.