Interim Management Statement.

RNS Number : 0964C

Royal Bank of Scotland Group PLC

06 November 2009

 



Appendix 5

Third quarter 2009 results

Revisions 

Appendix 5 - Revisions

Revision to net interest income  

Certain income reported in other operating income in the interim results for the half year ended 30 June has been reclassified to net interest income. This reclassification does not affect total income, results of operation or profit before tax.

The effect of the reclassification on the income statement for the quarter ended 30 June 2009 is as follows:

	Previously   reported	Adjustment	Revised
	£m	£m	£m
Net interest income	3,117	205	3,322
Non-interest income (excluding insurance net premium income)	1,703	(205)	1,498
Net interest margin - quarter ended 30 June 2009	1.60%	0.10%	1.70%
Net interest margin - half year ended 30 June 2009	1.69%	0.05%	1.74%

Appendix 5 - Revisions

Divisional revisions 

Divisional results have been revised to reflect the finalisation of transfers to Non-Core and between divisions. These changes do not affect the Group's results.

	Quarter ended 31 March 2009				Quarter ended 30 June 2009
	Previously   reported	Adjustment	Revised		Previously   reported	Adjustment	Revised
UK Retail	£m	£m	£m		£m	£m	£m
Net interest income	807	(10)	797		877	(9)	868
Direct expenses
- other	(118)	3	(115)		(103)	1	(102)
Indirect expenses	(487)	-	(487)		(451)	(1)	(452)
Operating profit	24	(7)	17		29	(9)	20
UK Corporate	£m	£m	£m		£m	£m	£m
Net interest income	473	26	499		533	27	560
Non-interest income	273	38	311		296	32	328
Direct expenses
- staff costs	(172)	(13)	(185)		(170)	(12)	(182)
- other costs	(66)	(8)	(74)		(40)	(6)	(46)
Impairment losses	(101)	1	(100)		(450)	-	(450)
Operating profit	277	44	321		44	41	85
	£bn	£bn	£bn		£bn	£bn	£bn
Total assets	108.7	11.4	120.1		106.0	10.2	116.2
Loans and advances to customers - gross	105.4	11.3	116.7		102.4	10.2	112.6
Customer deposits	81.2	1.7	82.9		84.1	1.5	85.6
Risk weighted assets	81.6	4.6	86.2		85.1	4.4	89.5
Wealth	£m	£m	£m		£m	£m	£m
Net interest income	160	(2)	158		179	(3)	176
Non-interest income	112	(1)	111		113	(2)	111
Direct expenses
- staff costs	(90)	-	(90)		(79)	1	(78)
- other costs	(33)	-	(33)		(35)	1	(34)
Operating profit	97	(3)	94		121	(3)	118
	£bn	£bn	£bn		£bn	£bn	£bn
Loans and advances to customers - gross	12.6	(0.3)	12.3		12.7	(0.3)	12.4
Customer deposits	35.3	(0.4)	34.9		35.7	(0.4)	35.3
Risk weighted assets	10.8	(0.2)	10.6		10.5	(0.2)	10.3

Appendix 5 - Revisions (continued)

	Quarter ended 31 March 2009				Quarter ended 30 June 2009
	Previously   reported	Adjustment	Revised		Previously   reported	Adjustment	Revised
Global Banking & Markets	£m	£m	£m		£m	£m	£m
Net interest income	848	(36)	812		712	(52)	660
Non-interest income	4,587	(60)	4,527		1,683	(33)	1,650
Direct expenses
- staff costs	(1,014)	13	(1,001)		(773)	11	(762)
- other costs	(306)	6	(300)		(233)	2	(231)
Impairment losses	(269)	-	(269)		32	(1)	31
Operating profit	3,653	(77)	3,576		1,220	(73)	1,147
	£bn	£bn	£bn		£bn	£bn	£bn
Loans and advances (including banks)	217.9	(11.4)	206.5		166.4	(10.4)	156.0
Reverse repos	80.6	-	80.6		75.2	-	75.2
Securities	124.3	-	124.3		115.5	-	115.5
Cash and eligible bills	28.6	-	28.6		51.5	-	51.5
Other	43.1	-	43.1		46.3	(0.1)	46.2
Total third party assets (excluding derivatives mark to market)	494.5	(11.4)	483.1		454.9	(10.5)	444.4
Customer deposits (excluding repos)	83.1	(1.3)	81.8		66.0	(1.0)	65.0
Risk weighted assets	153.1	(4.5)	148.6		126.6	(4.2)	122.4
Global Transaction Services	£m	£m	£m		£m	£m	£m
Net interest income	220	-	220		226	(1)	225
Non-interest income	385	-	385		397	1	398
Direct expenses
- staff costs	(95)	-	(95)		(88)	1	(87)
- other costs	(35)	-	(35)		(37)	(1)	(38)
Operating profit	231	-	231		265	-	265
	£bn	£bn	£bn		£bn	£bn	£bn
Total third party assets	20.9	0.2	21.1		19.7	(0.3)	19.4
Loans and advances	14.4	0.3	14.7		13.8	(0.3)	13.5
Customer deposits	58.2	0.1	58.3		54.0	-	54.0
Risk weighted assets	17.9	0.8	18.7		16.7	-	16.7
Central items	£m	£m	£m		£m	£m	£m
Operating profit	489	-	489		(314)	2	(312)

Appendix 5 - Revisions (continued)

	Quarter ended 31 March 2009				Quarter ended 30 June 2009
	Previously   reported	Adjustment	Revised		Previously   reported	Adjustment	Revised
Non-Core	£m	£m	£m		£m	£m	£m
Net interest income	373	22	395		239	35	274
Non-interest income	(2,442)	24	(2,418)		(1,172)	4	(1,168)
Staff costs	(187)	(1)	(188)		(72)	1	(71)
Other costs	(371)	(1)	(372)		(358)	1	(357)
Impairment losses	(1,827)	(1)	(1,828)		(3,517)	1	(3,516)
Contribution	(4,631)	43	(4,588)		(5,017)	42	(4,975)
	£bn	£bn	£bn		£bn	£bn	£bn
Total third party assets (including derivatives)	297.1	-	297.1		231.1	0.8	231.9
Loans and advances to customers - gross	183.1	-	183.1		166.3	(2.7)	163.6
Customer deposits	22.0	(0.1)	21.9		20.8	(7.4)	13.4
Risk weighted assets	164.4	(0.7)	163.7		164.0	0.1	164.1

 

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