RBS 2015 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2015 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 60

  • 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

FY 2015 vs. FY 2014
30
P&L (£m) FY 2015 vs. FY
2014 Q4 2015 vs. Q4
2014
Adjusted Income
(1) 402 (78%) (233) n.m.
Total Income
539 (70%) (262) n.m.
Adj. operating expenses
(2) (1,539) (24%) (394) (20%)
Restructuring costs
(1,307) n.m. (104) +53%
Litigation & conduct costs
(2,105) n.m. (1,498) n.m.
Write
-down of goodwill - (100%) - +0%
Operating Expenses
(4,951) +98% (1,996) n.m.
Impairment (losses) / releases
725 (45%) 356 (44%)
Operating profit / (loss)
(3,687) n.m. (1,902) n.m.
Balance sheet (£bn)
Funded Assets
53.4 (54%) 53.4 (54%)
Risk elements in lending
3.4 (78%) 3.4 (78%)
Provision coverage
67% (4ppts) 67% (4ppts)
RWAs
49.0 (48%) 49.0 (48%)
RWAe
(3) 50.3 (50%) 50.3 (50%)
Capital Resolution
Operating loss of £3.7bn
including conduct and litigation
costs of £2.1bn, restructuring
costs of £1.3bn and income
related disposal losses of £367m
Adj. operating expenses fell
£481m, primarily reflecting
reduced headcount
RWAs reduced by £46.1bn to
£49.0bn driven by significant
reductions across CIB Capital
Resolution and RCR, which
primarily reflected disposals and
repayment activity
RCR achieved its 85% funded
asset reduction objective a year
ahead of schedule
(1) Excluding own credit adjustments, (loss)/gain on redemption of own debt and strategic disposals.
(2) Excluding restructuring costs , litigation and conduct costs and write-down of goodwill.
(3) RWAes = risk-weighted assets after capital deductions