TIDMRBS
RNS Number : 0957C
Royal Bank of Scotland Group PLC
06 November 2009
?
Appendix 1
Third quarter 2009 results
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 2009
+-------------------------------------+----------+----------+--------------+-----------+
| | Adjustments | |
+------------------------------------------------+-------------------------+-----------+
| | Pro | RFS | Reallocation | Statutory |
| | forma | Minority | | |
| | | interest | of one-off | |
| | | | items | |
+-------------------------------------+----------+----------+--------------+-----------+
| | GBPm | GBPm | GBPm | GBPm |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Net interest income | 3,261 | 602 | - | 3,863 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 2,532 | 568 | (155) | 2,945 |
| (excluding insurance net | | | | |
| premium income) | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net premium income | 1,301 | (29) | - | 1,272 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 3,833 | 539 | (155) | 4,217 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Total income | 7,094 | 1,141 | (155) | 8,080 |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating expenses | (4,195) | (960) | (397) | (5,552) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit/(loss) before other | 2,899 | 181 | (552) | 2,528 |
| operating charges | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net claims | (1,145) | (64) | - | (1,209) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating profit/(loss) before | 1,754 | 117 | (552) | 1,319 |
| impairment losses | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Impairment losses | (3,279) | (209) | - | (3,488) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Group operating loss | (1,525) | (92) | (552) | (2,169) |
+-------------------------------------+----------+----------+--------------+-----------+
| Amortisation of purchased | (73) | - | 73 | - |
| intangible assets | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Integration and restructuring costs | (324) | - | 324 | - |
+-------------------------------------+----------+----------+--------------+-----------+
| Strategic disposals | (155) | - | 155 | - |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss before tax from continuing | (2,077) | (92) | - | (2,169) |
| operations | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Tax | 576 | 21 | - | 597 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss from continuing operations | (1,501) | (71) | - | (1,572) |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss from discontinued operations, | (7) | (12) | - | (19) |
| net of tax | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss for the period | (1,508) | (83) | - | (1,591) |
+-------------------------------------+----------+----------+--------------+-----------+
| Minority interests | (47) | 83 | - | 36 |
+-------------------------------------+----------+----------+--------------+-----------+
| Preference share and other | (245) | - | - | (245) |
| dividends | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss attributable to ordinary | (1,800) | - | - | (1,800) |
| shareholders | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Income statement for the quarter ended 30 June 2009
+-------------------------------------+----------+----------+--------------+-----------+
| | Adjustments | |
+------------------------------------------------+-------------------------+-----------+
| | Pro | RFS | Reallocation | Statutory |
| | forma | Minority | | |
| | | interest | of one-off | |
| | | | items | |
+-------------------------------------+----------+----------+--------------+-----------+
| | GBPm | GBPm | GBPm | GBPm |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Net interest income | 3,322 | 657 | - | 3,979 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 1,498 | 622 | 4,002 | 6,122 |
| (excluding insurance net | | | | |
| premium income) | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net premium income | 1,301 | 51 | - | 1,352 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 2,799 | 673 | 4,002 | 7,474 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Total income | 6,121 | 1,330 | 4,002 | 11,453 |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating expenses | (4,066) | (945) | (721) | (5,732) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit before other operating | 2,055 | 385 | 3,281 | 5,721 |
| charges | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net claims | (925) | (122) | - | (1,047) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating profit before impairment | 1,130 | 263 | 3,281 | 4,674 |
| losses | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Impairment losses | (4,663) | (307) | - | (4,970) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Group operating (loss)/profit | (3,533) | (44) | 3,281 | (296) |
+-------------------------------------+----------+----------+--------------+-----------+
| Amortisation of purchased | (55) | - | 55 | - |
| intangible assets | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Integration and restructuring costs | (355) | - | 355 | - |
+-------------------------------------+----------+----------+--------------+-----------+
| Write-down of goodwill | (311) | - | 311 | - |
+-------------------------------------+----------+----------+--------------+-----------+
| Gain on redemption of own debt | 3,790 | - | (3,790) | - |
+-------------------------------------+----------+----------+--------------+-----------+
| Strategic disposals | 212 | - | (212) | - |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss before tax from continuing | (252) | (44) | - | (296) |
| operations | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Tax | 640 | 42 | - | 682 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit/(loss) from continuing | 388 | (2) | - | 386 |
| operations | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss/(profit) from discontinued | (13) | 67 | - | 54 |
| operations, net of tax | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit for the period | 375 | 65 | - | 440 |
+-------------------------------------+----------+----------+--------------+-----------+
| Minority interests | (83) | (65) | - | (148) |
+-------------------------------------+----------+----------+--------------+-----------+
| Preference share and other | (432) | - | - | (432) |
| dividends | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss attributable to ordinary | (140) | - | - | (140) |
| shareholders | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Income statement for the quarter ended 30 September 2008
+-------------------------------------+----------+----------+--------------+-----------+
| | Adjustments | |
+------------------------------------------------+-------------------------+-----------+
| | Pro | RFS | Reallocation | Statutory |
| | forma | Minority | | |
| | | interest | of one-off | |
| | | | items | |
+-------------------------------------+----------+----------+--------------+-----------+
| | GBPm | GBPm | GBPm | GBPm |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Net interest income | 3,836 | 954 | - | 4,790 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 3,340 | 285 | - | 3,625 |
| (excluding insurance net | | | | |
| premium income) | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net premium income | 1,409 | 138 | - | 1,547 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 4,749 | 423 | - | 5,172 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Total income | 8,585 | 1,377 | - | 9,962 |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating expenses | (4,060) | (853) | (408) | (5,321) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit/(loss) before other | 4,525 | 524 | (408) | 4,641 |
| operating charges | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net claims | (934) | (112) | - | (1,046) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating profit/(loss) before | 3,591 | 412 | (408) | 3,595 |
| impairment losses | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Impairment losses | (1,280) | (117) | - | (1,397) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Group operating profit/(loss) | 2,311 | 295 | (408) | 2,198 |
+-------------------------------------+----------+----------+--------------+-----------+
| Amortisation of purchased | (119) | - | 119 | - |
| intangible assets | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Integration and restructuring costs | (289) | - | 289 | - |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit before tax from continuing | 1,903 | 295 | - | 2,198 |
| operations | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Tax | (724) | (61) | - | (785) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit from continuing operations | 1,179 | 234 | - | 1,413 |
+-------------------------------------+----------+----------+--------------+-----------+
| Loss/(profit) from discontinued | (46) | 3,572 | - | 3,526 |
| operations, net of tax | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit for the period | 1,133 | 3,806 | - | 4,939 |
+-------------------------------------+----------+----------+--------------+-----------+
| Minority interests | (43) | (3,806) | - | (3,849) |
+-------------------------------------+----------+----------+--------------+-----------+
| Preference share and other | (219) | - | - | (219) |
| dividends | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit attributable to ordinary | 871 | - | - | 871 |
| shareholders | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Income statement for the nine months ended 30 September 2009
+-------------------------------------+----------+-----------+--------------+-----------+
| | Adjustments | |
+------------------------------------------------+--------------------------+-----------+
| | Pro | RFS | Reallocation | Statutory |
| | forma | Minority | | |
| | | interest | of one-off | |
| | | | items | |
+-------------------------------------+----------+-----------+--------------+-----------+
| | GBPm | GBPm | GBPm | GBPm |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Net interest income | 10,121 | 2,116 | - | 12,237 |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Non-interest income | 7,806 | 1,697 | 4,088 | 13,591 |
| (excluding insurance net | | | | |
| premium income) | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Insurance net premium income | 3,958 | 135 | - | 4,093 |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Non-interest income | 11,764 | 1,832 | 4,088 | 17,684 |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Total income | 21,885 | 3,948 | 4,088 | 29,921 |
+-------------------------------------+----------+-----------+--------------+-----------+
| Operating expenses | (12,928) | (2,933) | (1,582) | (17,443) |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Profit before other operating | 8,957 | 1,015 | 2,506 | 12,478 |
| charges | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Insurance net claims | (3,036) | (307) | - | (3,343) |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Operating profit before impairment | 5,921 | 708 | 2,506 | 9,135 |
| losses | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Impairment losses | (10,800) | (748) | - | (11,548) |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Group operating (loss)/profit | (4,879) | (40) | 2,506 | (2,413) |
+-------------------------------------+----------+-----------+--------------+-----------+
| Amortisation of purchased | (213) | - | 213 | - |
| intangible assets | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| 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 from continuing | (2,373) | (40) | - | (2,413) |
| operations | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Tax | 988 | 50 | - | 1,038 |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| (Loss)/profit from continuing | (1,385) | 10 | - | (1,375) |
| operations | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Loss from discontinued operations, | (65) | (16) | - | (81) |
| net of tax | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Loss for the period | (1,450) | (6) | - | (1,456) |
+-------------------------------------+----------+-----------+--------------+-----------+
| Minority interests | (601) | 6 | - | (595) |
+-------------------------------------+----------+-----------+--------------+-----------+
| Preference share and other | (791) | - | - | (791) |
| dividends | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
| Loss attributable to ordinary | (2,842) | - | - | (2,842) |
| shareholders | | | | |
+-------------------------------------+----------+-----------+--------------+-----------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Income statement for the nine months ended 30 September 2008
+-------------------------------------+----------+----------+--------------+-----------+
| | | Adjustments | |
+-------------------------------------+----------+-------------------------+-----------+
| | Pro | RFS | Reallocation | Restated |
| | forma | Minority | | |
| | | | of one-off | statutory |
| | | interest | items | |
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | GBPm | GBPm | GBPm | GBPm |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Net interest income | 11,337 | 2,148 | - | 13,485 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income (excluding | 4,629 | 987 | - | 5,616 |
| insurance net premium | | | | |
| income) | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net premium income | 4,270 | 433 | - | 4,703 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Non-interest income | 8,899 | 1,420 | - | 10,319 |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Total income | 20,236 | 3,568 | - | 23,804 |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating expenses | (12,453) | (2,601) | (986) | (16,040) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit/(loss) before other | 7,783 | 967 | (986) | 7,764 |
| operating charges | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Insurance net claims | (2,861) | (374) | - | (3,235) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Operating profit/(loss) before | 4,922 | 593 | (986) | 4,529 |
| impairment losses | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Impairment losses | (2,759) | (299) | - | (3,058) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Group operating profit/(loss) | 2,163 | 294 | (986) | 1,471 |
+-------------------------------------+----------+----------+--------------+-----------+
| Amortisation of purchased | (381) | - | 381 | - |
| intangible assets | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Integration costs | (605) | - | 605 | - |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit before tax from continuing | 1,177 | 294 | - | 1,471 |
| operations | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Tax | (421) | (31) | - | (452) |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit from continuing operations | 756 | 263 | - | 1,019 |
+-------------------------------------+----------+----------+--------------+-----------+
| (Loss)/profit from discontinued | (87) | 3,847 | - | 3,760 |
| operations, net of tax | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit for the period | 669 | 4,110 | - | 4,779 |
+-------------------------------------+----------+----------+--------------+-----------+
| Minority interests | (191) | (4,110) | - | (4,301) |
+-------------------------------------+----------+----------+--------------+-----------+
| Preference share and other | (434) | - | - | (434) |
| dividends | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
| Profit attributable to ordinary | 44 | - | - | 44 |
| shareholders | | | | |
+-------------------------------------+----------+----------+--------------+-----------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Balance sheet at 30 September 2009
+-----------------------------------------------+-----------+-----------+------------+
| | Pro | Transfers | Statutory |
| | forma | | |
+-----------------------------------------------+-----------+-----------+------------+
| | GBPm | GBPm | GBPm |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Assets | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Cash and balances at central banks | 36,567 | 580 | 37,147 |
+-----------------------------------------------+-----------+-----------+------------+
| Net loans and advances to banks | 60,274 | 8,584 | 68,858 |
+-----------------------------------------------+-----------+-----------+------------+
| Reverse repurchase agreements and stock | 37,190 | - | 37,190 |
| borrowing | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Loans and advances to banks | 97,464 | 8,584 | 106,048 |
+-----------------------------------------------+-----------+-----------+------------+
| Net loans and advances to customers | 587,996 | 137,770 | 725,766 |
+-----------------------------------------------+-----------+-----------+------------+
| Reverse repurchase agreements and stock | 43,463 | - | 43,463 |
| borrowing | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Loans and advances to customers | 631,459 | 137,770 | 769,229 |
+-----------------------------------------------+-----------+-----------+------------+
| Debt securities | 251,281 | 19,085 | 270,366 |
+-----------------------------------------------+-----------+-----------+------------+
| Equity shares | 16,830 | 3,764 | 20,594 |
+-----------------------------------------------+-----------+-----------+------------+
| Settlement balances | 28,634 | 5 | 28,639 |
+-----------------------------------------------+-----------+-----------+------------+
| Derivatives | 552,466 | 2,606 | 555,072 |
+-----------------------------------------------+-----------+-----------+------------+
| Intangible assets | 15,339 | 3,192 | 18,531 |
+-----------------------------------------------+-----------+-----------+------------+
| Property, plant and equipment | 18,208 | 1,692 | 19,900 |
+-----------------------------------------------+-----------+-----------+------------+
| Deferred taxation | 7,667 | 700 | 8,367 |
+-----------------------------------------------+-----------+-----------+------------+
| Prepayments, accrued income and other assets | 19,664 | 2,721 | 22,385 |
+-----------------------------------------------+-----------+-----------+------------+
| Assets of disposal groups | 4,737 | 140 | 4,877 |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Total assets | 1,680,316 | 180,839 | 1,861,155 |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Liabilities | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Bank deposits | 138,584 | (12,033) | 126,551 |
+-----------------------------------------------+-----------+-----------+------------+
| Repurchase agreements and stock lending | 39,816 | - | 39,816 |
+-----------------------------------------------+-----------+-----------+------------+
| Deposits by banks | 178,400 | (12,033) | 166,367 |
+-----------------------------------------------+-----------+-----------+------------+
| Customer deposits | 423,769 | 132,319 | 556,088 |
+-----------------------------------------------+-----------+-----------+------------+
| Repurchase agreements and stock lending | 69,465 | - | 69,465 |
+-----------------------------------------------+-----------+-----------+------------+
| Customer accounts | 493,234 | 132,319 | 625,553 |
+-----------------------------------------------+-----------+-----------+------------+
| Debt securities in issue | 266,213 | 26,206 | 292,419 |
+-----------------------------------------------+-----------+-----------+------------+
| Settlement balances and short positions | 71,891 | 61 | 71,952 |
+-----------------------------------------------+-----------+-----------+------------+
| Derivatives | 537,522 | 2,483 | 540,005 |
+-----------------------------------------------+-----------+-----------+------------+
| Accruals, deferred income and other | 20,754 | 8,048 | 28,802 |
| liabilities | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Retirement benefit liabilities | 1,410 | 398 | 1,808 |
+-----------------------------------------------+-----------+-----------+------------+
| Deferred taxation | 3,275 | 815 | 4,090 |
+-----------------------------------------------+-----------+-----------+------------+
| Insurance liabilities | 7,480 | 2,633 | 10,113 |
+-----------------------------------------------+-----------+-----------+------------+
| Subordinated liabilities | 33,085 | 4,578 | 37,663 |
+-----------------------------------------------+-----------+-----------+------------+
| Liabilities of disposal groups | 8,201 | 31 | 8,232 |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Total liabilities | 1,621,465 | 165,539 | 1,787,004 |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Equity: | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Minority interests | 2,185 | 15,300 | 17,485 |
+-----------------------------------------------+-----------+-----------+------------+
| Owners' equity | 56,666 | - | 56,666 |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Total equity | 58,851 | 15,300 | 74,151 |
+-----------------------------------------------+-----------+-----------+------------+
| | | | |
+-----------------------------------------------+-----------+-----------+------------+
| Total liabilities and equity | 1,680,316 | 180,839 | 1,861,155 |
+-----------------------------------------------+-----------+-----------+------------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Balance sheet at 30 June 2009
+-----------------------------------------------+------------+-----------+------------+
| | Pro | Transfers | Statutory |
| | forma | | |
+-----------------------------------------------+------------+-----------+------------+
| | GBPm | GBPm | GBPm |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Assets | | | |
+-----------------------------------------------+------------+-----------+------------+
| Cash and balances at central banks | 34,302 | 5,644 | 39,946 |
+-----------------------------------------------+------------+-----------+------------+
| Net loans and advances to banks | 48,624 | 11,706 | 60,330 |
+-----------------------------------------------+------------+-----------+------------+
| Reverse repurchase agreements and stock | 35,076 | - | 35,076 |
| borrowing | | | |
+-----------------------------------------------+------------+-----------+------------+
| Loans and advances to banks | 83,700 | 11,706 | 95,406 |
+-----------------------------------------------+------------+-----------+------------+
| Net loans and advances to customers | 593,277 | 128,983 | 722,260 |
+-----------------------------------------------+------------+-----------+------------+
| Reverse repurchase agreements and stock | 47,485 | 29 | 47,514 |
| borrowing | | | |
+-----------------------------------------------+------------+-----------+------------+
| Loans and advances to customers | 640,762 | 129,012 | 769,774 |
+-----------------------------------------------+------------+-----------+------------+
| Debt securities | 229,059 | 15,030 | 244,089 |
+-----------------------------------------------+------------+-----------+------------+
| Equity shares | 14,220 | 3,360 | 17,580 |
+-----------------------------------------------+------------+-----------+------------+
| Settlement balances | 23,244 | 20 | 23,264 |
+-----------------------------------------------+------------+-----------+------------+
| Derivatives | 555,890 | 1,394 | 557,284 |
+-----------------------------------------------+------------+-----------+------------+
| Intangible assets | 15,117 | 3,063 | 18,180 |
+-----------------------------------------------+------------+-----------+------------+
| Property, plant and equipment | 16,292 | 1,603 | 17,895 |
+-----------------------------------------------+------------+-----------+------------+
| Deferred taxation | 7,573 | 819 | 8,392 |
+-----------------------------------------------+------------+-----------+------------+
| Prepayments, accrued income and other assets | 20,620 | 2,645 | 23,265 |
+-----------------------------------------------+------------+-----------+------------+
| Assets of disposal groups | 3,666 | 182 | 3,848 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total assets | 1,644,445 | 174,478 | 1,818,923 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Liabilities | | | |
+-----------------------------------------------+------------+-----------+------------+
| Bank deposits | 135,601 | (8,749) | 126,852 |
+-----------------------------------------------+------------+-----------+------------+
| Repurchase agreements and stock lending | 44,142 | - | 44,142 |
+-----------------------------------------------+------------+-----------+------------+
| Deposits by banks | 179,743 | (8,749) | 170,994 |
+-----------------------------------------------+------------+-----------+------------+
| Customer deposits | 415,267 | 125,407 | 540,674 |
+-----------------------------------------------+------------+-----------+------------+
| Repurchase agreements and stock lending | 75,015 | - | 75,015 |
+-----------------------------------------------+------------+-----------+------------+
| Customer accounts | 490,282 | 125,407 | 615,689 |
+-----------------------------------------------+------------+-----------+------------+
| Debt securities in issue | 248,710 | 25,470 | 274,180 |
+-----------------------------------------------+------------+-----------+------------+
| Settlement balances and short positions | 60,282 | 5 | 60,287 |
+-----------------------------------------------+------------+-----------+------------+
| Derivatives | 534,632 | 2,432 | 537,064 |
+-----------------------------------------------+------------+-----------+------------+
| Accruals, deferred income and other | 21,543 | 8,578 | 30,121 |
| liabilities | | | |
+-----------------------------------------------+------------+-----------+------------+
| Retirement benefit liabilities | 1,363 | 368 | 1,731 |
+-----------------------------------------------+------------+-----------+------------+
| Deferred taxation | 3,344 | 678 | 4,022 |
+-----------------------------------------------+------------+-----------+------------+
| Insurance liabilities | 7,186 | 2,356 | 9,542 |
+-----------------------------------------------+------------+-----------+------------+
| Subordinated liabilities | 32,106 | 3,597 | 35,703 |
+-----------------------------------------------+------------+-----------+------------+
| Liabilities of disposal groups | 7,465 | 33 | 7,498 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total liabilities | 1,586,656 | 160,175 | 1,746,831 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Equity: | | | |
+-----------------------------------------------+------------+-----------+------------+
| Minority interests | 2,123 | 14,303 | 16,426 |
+-----------------------------------------------+------------+-----------+------------+
| Owners' equity | 55,666 | - | 55,666 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total equity | 57,789 | 14,303 | 72,092 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total liabilities and equity | 1,644,445 | 174,478 | 1,818,923 |
+-----------------------------------------------+------------+-----------+------------+
Appendix 1 Reconciliations of pro forma to statutory income statements and
balance sheets
Balance sheet at 31 December 2008
+-----------------------------------------------+------------+-----------+------------+
| | Pro | Transfers | Statutory |
| | forma | | |
+-----------------------------------------------+------------+-----------+------------+
| | GBPm | GBPm | GBPm |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Assets | | | |
+-----------------------------------------------+------------+-----------+------------+
| Cash and balances at central banks | 11,830 | 570 | 12,400 |
+-----------------------------------------------+------------+-----------+------------+
| Net loans and advances to banks | 70,728 | 8,698 | 79,426 |
+-----------------------------------------------+------------+-----------+------------+
| Reverse repurchase agreements and stock | 58,771 | - | 58,771 |
| borrowing | | | |
+-----------------------------------------------+------------+-----------+------------+
| Loans and advances to banks | 129,499 | 8,698 | 138,197 |
+-----------------------------------------------+------------+-----------+------------+
| Net loans and advances to customers | 691,976 | 143,433 | 835,409 |
+-----------------------------------------------+------------+-----------+------------+
| Reverse repurchase agreements and stock | 39,289 | 24 | 39,313 |
| borrowings | | | |
+-----------------------------------------------+------------+-----------+------------+
| Loans and advances to customers | 731,265 | 143,457 | 874,722 |
+-----------------------------------------------+------------+-----------+------------+
| Debt securities | 253,159 | 14,390 | 267,549 |
+-----------------------------------------------+------------+-----------+------------+
| Equity shares | 22,198 | 4,132 | 26,330 |
+-----------------------------------------------+------------+-----------+------------+
| Settlement balances | 17,812 | 20 | 17,832 |
+-----------------------------------------------+------------+-----------+------------+
| Derivatives | 991,495 | 1,064 | 992,559 |
+-----------------------------------------------+------------+-----------+------------+
| Intangible assets | 16,415 | 3,634 | 20,049 |
+-----------------------------------------------+------------+-----------+------------+
| Property, plant and equipment | 17,181 | 1,768 | 18,949 |
+-----------------------------------------------+------------+-----------+------------+
| Deferred taxation | 5,786 | 1,296 | 7,082 |
+-----------------------------------------------+------------+-----------+------------+
| Prepayments, accrued income and other assets | 21,573 | 2,829 | 24,402 |
+-----------------------------------------------+------------+-----------+------------+
| Assets of disposal groups | 480 | 1,101 | 1,581 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total assets | 2,218,693 | 182,959 | 2,401,652 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Liabilities | | | |
+-----------------------------------------------+------------+-----------+------------+
| Bank deposits | 178,943 | (4,565) | 174,378 |
+-----------------------------------------------+------------+-----------+------------+
| Repurchase agreements and stock lending | 83,666 | - | 83,666 |
+-----------------------------------------------+------------+-----------+------------+
| Deposits by banks | 262,609 | (4,565) | 258,044 |
+-----------------------------------------------+------------+-----------+------------+
| Customer deposits | 460,318 | 121,051 | 581,369 |
+-----------------------------------------------+------------+-----------+------------+
| Repurchase agreements and stock lending | 58,143 | - | 58,143 |
+-----------------------------------------------+------------+-----------+------------+
| Customer accounts | 518,461 | 121,051 | 639,512 |
+-----------------------------------------------+------------+-----------+------------+
| Debt securities in issue | 269,458 | 30,831 | 300,289 |
+-----------------------------------------------+------------+-----------+------------+
| Settlement balances and short positions | 54,264 | 13 | 54,277 |
+-----------------------------------------------+------------+-----------+------------+
| Derivatives | 969,409 | 1,955 | 971,364 |
+-----------------------------------------------+------------+-----------+------------+
| Accruals, deferred income and other | 24,140 | 7,342 | 31,482 |
| liabilities | | | |
+-----------------------------------------------+------------+-----------+------------+
| Retirement benefit liabilities | 1,564 | 468 | 2,032 |
+-----------------------------------------------+------------+-----------+------------+
| Deferred taxation | 3,177 | 988 | 4,165 |
+-----------------------------------------------+------------+-----------+------------+
| Insurance liabilities | 7,480 | 2,496 | 9,976 |
+-----------------------------------------------+------------+-----------+------------+
| Subordinated liabilities | 43,678 | 5,476 | 49,154 |
+-----------------------------------------------+------------+-----------+------------+
| Liabilities of disposal groups | 138 | 721 | 859 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total liabilities | 2,154,378 | 166,776 | 2,321,154 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Equity: | | | |
+-----------------------------------------------+------------+-----------+------------+
| Minority interests | 5,436 | 16,183 | 21,619 |
+-----------------------------------------------+------------+-----------+------------+
| Owners' equity | 58,879 | - | 58,879 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total equity | 64,315 | 16,183 | 80,498 |
+-----------------------------------------------+------------+-----------+------------+
| | | | |
+-----------------------------------------------+------------+-----------+------------+
| Total liabilities and equity | 2,218,693 | 182,959 | 2,401,652 |
+-----------------------------------------------+------------+-----------+------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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