RBS 2014 Annual Report Download - page 83

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81
RBS – Interim Results 2015
Notes
7. Loan impairment provisions and risk elements in lending
Operating profit is stated after net loan impairment releases from continuing operations of £431 million for
the half year ended 30 June 2015 (H1 2014 - £169 million losses). The balance sheet loan impairment
provisions decreased in the half year ended 30 June 2015 from £17,500 million to £10,751 million and the
movements thereon were:
Half year ended
30 June 2015 30 June 2014
RBS RBS
excl. RCR RCR Total excl. RCR RCR Total
£m £m £m £m £m £m
A
t beginning of period 6,554 10,946 17,500 8,716 16,500 25,216
Transfers to disposal groups (20) - (20)
Currency translation and other adjustments (212) (466) (678) (118) (395) (513)
A
mounts written-off (634) (4,981) (5,615) (868) (1,619) (2,487)
Recoveries of amounts previously written-off 57 22 79 84 14 98
(Releases)/charges to income statement
- continuing operations (76) (355) (431) 188 (19) 169
- discontinued operations - - - 102 - 102
Unwind of discount (recognised in interest income) (59) (25) (84) (63) (76) (139)
A
t end of period 5,610 5,141 10,751 8,041 14,405 22,446
Quarter ended
30 June 2015 31 March 2015 30 June 2014
RBS RBS RBS
excl. RC
R
RCR Total excl. RCR RCR Total excl. RCR RCR Total
£m £m £m £m £m £m £m £m £m
A
t beginning of period 6,031 7,170 13,201 6,554 10,946 17,500 8,516 15,719 24,235
Transfers to disposal groups - - -(20) -(20) - - -
Currency translation and other
adjustments (49) (59) (108) (163) (407) (570) (75) (333) (408)
A
mounts written-off (353) (1,776) (2,129) (281) (3,205) (3,486) (447) (827) (1,274)
Recoveries of amounts previously
written-off 18 11 29 39 11 50 43 346
(Releases)/charges to income statement
- continuing operations (8) (195) (203) (68) (160) (228) 7 (125) (118)
- discontinued operations - - -- -- 29 -29
Unwind of discount
(recognised in interest income) (29) (10) (39) (30) (15) (45) (32) (32) (64)
A
t end of period 5,610 5,141 10,751 6,031 7,170 13,201 8,041 14,405 22,446
Provisions at 30 June 2015 include £26 million in respect of loans and advances to banks (31 March 2015 -
£38 million; 31 December 2014 - £40 million; 30 June 2014 - £50 million).