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Royal Bank of Scotland Regulatory News (RBS)



Regulatory News for Royal Bank of Scotland (RBS)


Share Price: 366.40Bid: 365.70Ask: 365.80Change: 0.70 (+0.19%)Riser - Royal Bank Scot
Spread: 0.10Spread as %: 0.03%Open: 366.70High: 368.00Low: 362.80Yesterday’s Close: 365.70





Interim Management Statement Part 10 of 11

Fri, 5th Nov 2010 07:00

RNS Number : 6739V
Royal Bank of Scotland Group PLC
05 November 2010
 

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Appendix 1

 

Reconciliations of pro forma to statutory income statements and balance sheets

 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets

 

Income statement for the quarter ended 30 September 2010

 


Pro forma 

RFS Minority 

interest 

Reallocation 

of one-off 

 items 

Statutory 


£m 

£m 

£m 

£m 






Net interest income

3,404 

3,411 






Non-interest income (excluding insurance net premium income)

3,224 

(182)

(1,656)

1,386 

Insurance net premium income

1,289 

1,289 






Non-interest income

4,513 

(182)

(1,656)

2,675 






Total income

7,917 

(175)

(1,656)

6,086 

Operating expenses

(4,096)

(6)

(449)

(4,551)






Profit before other operating charges

3,821 

(181)

(2,105)

1,535 

Insurance net claims

(1,142)

(1,142)






Operating profit before impairment losses

2,679 

(181)

(2,105)

393 

Impairment losses

(1,953)

(1,953)






Operating profit/(loss) before fair value of own debt

726 

(181)

(2,105)

(1,560)

Fair value of own debt

(858)

858 






Operating loss

(132)

(181)

(1,247)

(1,560)

Amortisation of purchased intangible assets

(123)

123 

Integration and restructuring costs

(311)

311 

Strategic disposals

27 

(27)

Bonus tax

(15)

15 

Asset Protection Scheme credit default swap - fair value changes

(825)

825 






Loss before tax

(1,379)

(181)

(1,560)

Tax credit

261 

34 

295 






Loss from continuing operations

(1,118)

(147)

(1,265)

Profit from discontinued operations, net of tax

16 

18 






Loss for the period

(1,116)

(131)

(1,247)

Minority interests

(30)

131 

101 

Preference share and other dividends






Loss attributable to ordinary and B shareholders

(1,146)

(1,146)

 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Income statement for the quarter ended 30 June 2010

 


Pro forma 

RFS Minority 

interest 

Reallocation 

of one-off 

 items 

Statutory 


£m 

£m 

£m 

£m 






Net interest income

3,684 

(8)

3,676 






Non-interest income (excluding insurance net premium income)

3,201 

21 

1,261 

4,483 

Insurance net premium income

1,278 

1,278 






Non-interest income

4,479 

21 

1,261 

5,761 






Total income

8,163 

13 

1,261 

9,437 

Operating expenses

(4,103)

(354)

(4,453)






Profit before other operating charges

4,060 

17 

907 

4,984 

Insurance net claims

(1,323)

(1,323)






Operating profit before impairment losses

2,737 

17 

907 

3,661 

Impairment losses

(2,487)

(2,487)






Operating profit before fair value of own debt

250 

17 

907 

1,174 

Fair value of own debt

619 

(619)






Operating profit

869 

17 

288 

1,174 

Amortisation of purchased intangible assets

(85)

85 

Integration and restructuring costs

(254)

254 

Gain on redemption of own debt

553 

(553)

Strategic disposals

(411)

411 

Bonus tax

(15)

15 

Asset Protection Scheme credit default swap - fair value changes

500 

(500)






Profit before tax

1,157 

17 

1,174 

Tax charge

(825)

(825)






Profit from continuing operations

332 

17 

349 

Loss from discontinued operations, net of tax

(26)

(993)

(1,019)






Profit/(loss) for the period

306 

(976)

(670)

Minority interests

(30)

976 

946 

Preference share and other dividends

(19)

(19)






Profit attributable to ordinary and B shareholders

257 

257 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Income statement for the quarter ended 30 September 2009

 


Pro forma 

RFS Minority 

interest 

Reallocation 

of one-off 

 items 

Statutory 


£m 

£m 

£m 

£m 






Net interest income

3,261 

(141)

3,120 






Non-interest income (excluding insurance net premium income)

3,015 

(638)

2,385 

Insurance net premium income

1,301 

1,301 






Non-interest income

4,316 

(638)

3,686 






Total income

7,577 

(133)

(638)

6,806 

Operating expenses

(4,195)

(397)

(4,590)






Profit before other operating charges

3,382 

(131)

(1,035)

2,216 

Insurance net claims

(1,145)

(1,145)






Operating profit before impairment losses

2,237 

(131)

(1,035)

1,071 

Impairment losses

(3,279)

(3,279)






Operating loss before fair value of own debt

(1,042)

(131)

(1,035)

(2,208)

Fair value of own debt

(483)

483 






Operating loss

(1,525)

(131)

(552)

(2,208)

Amortisation of purchased intangible assets

(73)

73 

Integration and restructuring costs

(324)

324 

Strategic disposals

(155)

155 






Loss before tax

(2,077)

(131)

(2,208)

Tax credit

576 

41 

617 






Loss from continuing operations

(1,501)

(90)

(1,591)

Loss from discontinued operations, net of tax

(7)






Loss for the period

(1,508)

(83)

(1,591)

Minority interests

(47)

83 

36 

Preference share and other dividends

(245)

(245)






Loss attributable to ordinary and B shareholders

(1,800)

(1,800)

 

 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Income statement for the nine months ended 30 September 2010

 


Pro forma 

RFS Minority 

interest 

Reallocation 

of one-off 

 items 

Statutory 


£m 

£m 

£m 

£m 






Net interest income

10,622 

10,629






Non-interest income (excluding insurance net premium income)

10,725 

(153)

(1,011)

9,561 

Insurance net premium income

3,856 

3,856 






Non-interest income

14,581 

(153)

(1,011)

13,417 






Total income

25,203 

(146)

(1,011)

24,046 

Operating expenses

(12,629)

(2)

(1,090)

(13,721)






Profit/(loss) before other operating charges

12,574 

(148)

(2,101)

10,325 

Insurance net claims

(3,601)

(3,601)






Operating profit before impairment losses

8,973 

(148)

(2,101)

6,724 

Impairment losses

(7,115)

(7,115)






Operating profit/(loss) before fair value of own debt

1,858 

(148)

(2,101)

(391)

Fair value of own debt

(408)

408 






Operating profit/(loss)

1,450 

(148)

(1,693)

(391)

Amortisation of purchased intangible assets

(273)

273 

Integration and restructuring costs

(733)

733 

Gain on redemption of own debt

553 

(553)

Strategic disposals

(331)

331 

Bonus tax

(84)

84 

Asset Protection Scheme credit default swap - fair value changes

(825)

825 






Loss before tax

(243)

(148)

(391)

Tax charge

(670)

33 

(637)






Loss from continuing operations

(913)

(115)

(1,028)

Loss from discontinued operations, net of tax

(28)

(660)

(688)






Loss for the period

(941)

(775)

(1,716)

Minority interests

(72)

775 

703 

Preference share and other dividends

(124)

(124)






Loss attributable to ordinary and B shareholders

(1,137)

(1,137)

 

 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Income statement for the nine months ended 30 September 2009

 


Pro forma 

RFS Minority 

interest 

Reallocation 

of one-off 

 items 

Statutory 


£m 

£m 

£m 

£m 






Net interest income

10,121 

(152)

9,969 






Non-interest income (excluding insurance net premium income)

8,218 

3,676 

11,900 

Insurance net premium income

3,958 

3,958 






Non-interest income

12,176 

3,676 

15,858 






Total income

22,297 

(146)

3,676 

25,827 

Operating expenses

(12,928)

(40)

(1,582)

(14,550)






Profit before other operating charges

9,369 

(186)

2,094 

11,277 

Insurance net claims

(3,036)

(3,036)






Operating profit before impairment losses

6,333 

(186)

2,094 

8,241 

Impairment losses

(10,800)

(10,800)






Operating loss before fair value of own debt

(4,467)

(186)

2,094 

(2,559)

Fair value of own debt

(412)

412 






Operating loss

(4,879)

(186)

2,506 

(2,559)

Amortisation of purchased intangible assets

(213)

213 

Integration and restructuring costs

(1,058)

1,058 

Write-down of goodwill

(311)

311 

Gain on redemption of own debt

3,790 

(3,790)

Strategic disposals

298 

(298)






Loss before tax

(2,373)

(186)

(2,559)

Tax credit

988 

85 

1,073 






Loss from continuing operations

(1,385)

(101)

(1,486)

(Loss)/profit from discontinued operations, net of tax

(65)

95 

30 






Loss for the period

(1,450)

(6)

(1,456)

Minority interests

(601)

(595)

Preference share and other dividends

(791)

(791)






Loss attributable to ordinary and B shareholders

(2,842)

(2,842)

 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Balance sheet at 30 September 2010

 


Pro forma 

Transfers 

Statutory 


£m 

£m 

£m 





Assets




Cash and balances at central banks

61,416 

61,416 

Net loans and advances to banks

60,330 

60,334 

Reverse repurchase agreements and stock borrowing

48,407 

48,407 

Loans and advances to banks

108,737 

108,741 

Net loans and advances to customers

528,049 

528,049 

Reverse repurchase agreements and stock borrowing

44,503 

44,503 

Loans and advances to customers

572,552 

572,552 

Debt securities

226,410 

226,410 

Equity shares

21,755 

21,755 

Settlement balances

22,874 

22,874 

Derivatives

548,805 

548,805 

Intangible assets

14,369 

14,369 

Property, plant and equipment

17,398 

17,398 

Deferred taxation

5,907 

5,909 

Prepayments, accrued income and other assets

11,903 

11,908 

Assets of disposal groups

16,537 

913 

17,450 





Total assets

1,628,663 

924 

1,629,587 





Liabilities




Bank deposits

80,186 

118 

80,304 

Repurchase agreements and stock lending

41,465 

41,465 

Deposits by banks

121,651 

118 

121,769 

Customer deposits

420,639 

420,639 

Repurchase agreements and stock lending

87,287 

87,287 

Customer accounts

507,926 

507,926 

Debt securities in issue

235,083 

235,083 

Settlement balances

20,628 

20,628 

Short positions

44,004 

44,004 

Derivatives

543,397 

543,397 

Accruals, deferred income and other liabilities

23,650 

17 

23,667 

Retirement benefit liabilities

2,606 

31 

2,637 

Deferred taxation

2,237 

33 

2,270 

Insurance liabilities

6,782 

6,782 

Subordinated liabilities

27,890 

27,890 

Liabilities of disposal groups

15,667 

487 

16,154 





Total liabilities

1,551,521 

686 

1,552,207 





Equity




Minority interests

1,542 

238 

1,780 

Owners' equity

75,600 

75,600 





Total equity

77,142 

238 

77,380 





Total liabilities and equity

1,628,663 

924 

1,629,587 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Balance sheet at 30 June 2010

 


Pro forma 

Transfers 

Statutory 


£m 

£m 

£m 





Assets




Cash and balances at central banks

29,591 

29,591 

Net loans and advances to banks

54,471 

18 

54,489 

Reverse repurchase agreements and stock borrowing

47,663 

47,663 

Loans and advances to banks

102,134 

18 

102,152 

Net loans and advances to customers

539,340 

35 

539,375 

Reverse repurchase agreements and stock borrowing

39,396 

39,396 

Loans and advances to customers

578,736 

35 

578,771 

Debt securities

236,260 

236,260 

Equity shares

17,326 

17,326 

Settlement balances

20,718 

-  

20,718 

Derivatives

522,871 

522,871 

Intangible assets

14,482 

14,482 

Property, plant and equipment

17,608 

17,608 

Deferred taxation

5,841 

(2)

5,839 

Prepayments, accrued income and other assets

13,630 

465 

14,095 

Assets of disposal groups

21,656 

684 

22,340 





Total assets

1,580,853 

1,200 

1,582,053 





Liabilities




Bank deposits

96,614 

96 

96,710 

Repurchase agreements and stock lending

44,165 

44,165 

Deposits by banks

140,779 

96 

140,875 

Customer deposits

420,890 

420,890 

Repurchase agreements and stock lending

70,655 

70,655 

Customer accounts

491,545 

491,545 

Debt securities in issue

217,317 

217,317 

Settlement balances

19,730 

19,730 

Short positions

42,994 

42,994 

Derivatives

508,966 

508,966 

Accruals, deferred income and other liabilities

24,842 

25 

24,867 

Retirement benefit liabilities

2,600 

11 

2,611 

Deferred taxation

2,126 

69 

2,195 

Insurance liabilities

6,521 

6,521 

Subordinated liabilities

27,523 

27,523 

Liabilities of disposal groups

16,999 

616 

17,615 





Total liabilities

1,501,942 

817 

1,502,759 





Equity




Minority interests

2,109 

383 

2,492 

Owners' equity

76,802 

76,802 





Total equity

78,911 

383 

79,294 





Total liabilities and equity

1,580,853 

1,200 

1,582,053 

 



Appendix 1 Reconciliations of pro forma to statutory

income statements and balance sheets (continued)

 

Balance sheet at 31 December 2009

 


Pro forma 

Transfers 

Statutory 


£m 

£m 

£m 





Assets




Cash and balances at central banks

51,548 

713 

52,261 

Net loans and advances to banks

48,777 

7,879 

56,656 

Reverse repurchase agreements and stock borrowing

35,097 

35,097 

Loans and advances to banks

83,874 

7,879 

91,753 

Net loans and advances to customers

554,654 

132,699 

687,353 

Reverse repurchase agreements and stock borrowing

41,040 

41,040 

Loans and advances to customers

595,694 

132,699 

728,393 

Debt securities

249,095 

18,159 

267,254 

Equity shares

15,960 

3,568 

19,528 

Settlement balances

12,024 

12,033 

Derivatives

438,199 

3,255 

441,454 

Intangible assets

14,786 

3,061 

17,847 

Property, plant and equipment

17,773 

1,624 

19,397 

Deferred taxation

6,492 

547 

7,039 

Prepayments, accrued income and other assets

18,604 

2,381 

20,985 

Assets of disposal groups

18,432 

110 

18,542 





Total assets

1,522,481 

174,005 

1,696,486 





Liabilities




Bank deposits

115,642 

(11,504)

104,138 

Repurchase agreements and stock lending

38,006 

38,006 

Deposits by banks

153,648 

(11,504)

142,144 

Customer deposits

414,251 

131,598 

545,849 

Repurchase agreements and stock lending

68,353 

68,353 

Customer accounts

482,604 

131,598 

614,202 

Debt securities in issue

246,329 

21,239 

267,568 

Settlement balances

10,412 

10,413 

Short positions

40,463 

40,463 

Derivatives

421,534 

2,607 

424,141 

Accruals, deferred income and other liabilities

24,624 

5,703 

30,327 

Retirement benefit liabilities

2,715 

248 

2,963 

Deferred taxation

2,161 

650 

2,811 

Insurance liabilities

7,633 

2,648 

10,281 

Subordinated liabilities

31,538 

6,114 

37,652 

Liabilities of disposal groups

18,857 

33 

18,890 





Total liabilities

1,442,518 

159,337 

1,601,855 





Equity




Minority interests

2,227 

14,668 

16,895 

Owners' equity

77,736 

77,736 





Total equity

79,963 

14,668 

94,631 





Total liabilities and equity

1,522,481 

174,005 

1,696,486 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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