Pro forma Financial Info

Royal Bank of Scotland Group PLC 28 February 2008 Pro forma financial information for the Group under the revised divisional structure THE ROYAL BANK OF SCOTLAND GROUP plc Set out below are summarised pro forma unaudited results for the Group under the revised divisional structure. These show the underlying performance of the Group including the full year results of the ABN AMRO businesses acquired by RBS. These figures are provisional and may be refined in due course. However, no material adjustments are anticipated. GROUP 2007 2006 £m £m Total income 33,490 31,737 Operating expenses 16,553 15,957 Insurance net claims 4,528 4,458 _______ _______ Operating profit before impairment losses 12,409 11,322 Impairment losses 2,095 2,000 _______ _______ Group operating profit * 10,314 9,322 _______ _______ BALANCE SHEET 2007 AT 31 DECEMBER 2007 £bn Loans and advances to customers - gross 707.2 Customer Deposits 559.0 Risk Weighted Assets 490.0 DIVISIONAL ANALYSIS 2007 2006 £m £m Global Banking & Markets 4,916 4,365 Global Transaction Services 1,632 1,561 UK Retail & Commercial Banking 6,250 5,722 US Retail & Commercial Banking 1,557 1,821 Europe and Middle East Retail & Commercial Banking 760 662 Asia Retail & Commercial Banking 209 119 RBS Insurance 902 964 Global Manufacturing (4,234) (4,164) Central items (1,678) (1,728) _______ _______ Group operating profit * 10,314 9,322 _______ _______ * Group operating profit Excludes •RBS unusual items - credit market write-downs and goodwill payments, offset by the gains on sale of Southern Water and certain other assets •ABN AMRO pre and post acquisition credit market write-downs and the impact of the LaSalle sale •RBS share of ABN AMRO's shared assets •amortisation of purchased intangible assets and integration costs; and Includes •the cost of funding the ABN AMRO acquisition within Central Items. Whilst part of the acquisition consideration was funded by the issue of preference shares, these pro forma results assume that the cash element of the consideration was debt funded. THE ROYAL BANK OF SCOTLAND GROUP plc 2007 2006 Global Banking & Markets £m £m Rates, Currencies & Commodities 3,280 2,050 Equities 1,221 1,036 Credit Markets 2,667 2,869 Asset & Portfolio Management 3,722 3,936 _______ _______ Total income 10,890 9,891 Direct expenses 5,850 5,476 _______ _______ Contribution before impairment losses 5,040 4,415 Impairment losses 124 50 _______ _______ Contribution 4,916 4,365 _______ _______ Global Banking & Markets comprises the Global Banking and Markets businesses of RBS and ABN AMRO except for transaction banking. 2007 2006 Global Transaction Services £m £m Net interest income 839 759 Non-interest income 1,348 1,318 _______ _______ Total income 2,187 2,077 Direct expenses 543 519 _______ _______ Contribution before impairment losses 1,644 1,558 Impairment losses 12 (3) _______ _______ Contribution 1,632 1,561 _______ _______ Global Transaction Services comprises RBS and ABN AMRO transaction banking, UK and US corporate money transmission, UK and US merchant acquiring and UK commercial cards. THE ROYAL BANK OF SCOTLAND GROUP plc 2007 2006 UK Retail & Commercial Banking £m £m Net interest income 6,677 6,406 Non-interest income 4,432 4,170 _______ _______ Total income 11,109 10,576 Direct expenses 2,973 2,868 Insurance net claims 518 488 _______ _______ Contribution before impairment losses 7,618 7,220 Impairment losses 1,368 1,498 _______ _______ Contribution 6,250 5,722 _______ _______ UK Retail & Commercial Banking comprises UK Retail Banking and UK Commercial Banking which are set out below. 2007 2006 UK Retail Banking £m £m Net interest income 4,680 4,544 Non-interest income 3,423 3,276 _______ _______ Total income 8,103 7,820 Direct expenses 2,068 2,027 Insurance net claims 518 488 _______ _______ Contribution before impairment losses 5,517 5,305 Impairment losses 1,188 1,309 _______ _______ Contribution 4,329 3,996 _______ _______ UK Retail Banking comprises Retail Markets except for merchant acquiring, commercial cards and International Wealth Management. 2007 2006 UK Commercial Banking £m £m Net interest income 1,997 1,862 Non-interest income 1,009 894 _______ _______ Total income 3,006 2,756 Direct expenses 905 841 _______ _______ Contribution before impairment losses 2,101 1,915 Impairment losses 180 189 _______ _______ Contribution 1,921 1,726 _______ _______ UK Commercial Banking comprises UK Corporate Banking except for money transmission. THE ROYAL BANK OF SCOTLAND GROUP plc 2007 2006 US Retail & Commercial Banking $m $m Net interest income 3,873 3,765 Non-interest income 1,870 1,905 _______ _______ Total income 5,743 5,670 Direct expenses 1,949 1,975 _______ _______ Contribution before impairment losses 3,794 3,695 Impairment losses 682 333 _______ _______ Contribution 3,112 3,362 _______ _______ US Retail & Commercial Banking comprises Citizens except for corporate money transmission, merchant acquiring and its manufacturing activities. 2007 2006 Europe and Middle East Retail & Commercial Banking £m £m Net interest income 1,053 925 Non-interest income 363 287 _______ _______ Total income 1,416 1,212 Direct expenses 521 423 _______ _______ Contribution before impairment losses 895 789 Impairment losses 135 127 _______ _______ Contribution 760 662 _______ _______ Europe and Middle East Retail & Commercial Banking comprises Ulster Bank and ABN AMRO retail and commercial businesses in Europe and Middle East. 2007 2006 Asia Retail & Commercial Banking £m £m Net interest income 285 226 Non-interest income 398 305 _______ _______ Total income 683 531 Direct expenses 356 272 _______ _______ Contribution before impairment losses 327 259 Impairment losses 118 140 _______ _______ Contribution 209 119 _______ _______ Asia Retail & Commercial Banking comprises the International Wealth Management activities of RBS and the retail and commercial businesses of ABN AMRO in Asia. Global Manufacturing comprises RBS and ABN AMRO Manufacturing activities. The scope of Global Manufacturing has been expanded to include US Retail & Commercial Banking's manufacturing activities and UK Cards operations. Central Items comprises RBS group and corporate functions, the RBS share of ABN AMRO's head office costs and the pro forma funding costs associated with the ABN AMRO acquisition. This information is provided by RNS The company news service from the London Stock Exchange

Companies

NATWEST GROUP (NWG)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today