REG - Royal Bk Scot.Grp. - Restatement Document <Origin Href="QuoteRef">RBS.L</Origin> - Part 5
06/09/2014 18:36
- Part 5: For the preceding part double click ID:nRSU8278Md
400 45
Memo: operating profit
- adjusted (1) 90 454 45
Key metrics
Net interest margin 3.03% 4.10% 2.61% 1.45%
Cost:income ratio 49% 64% 56% 27%
Cost:income ratio - adjusted (1) n/a 63% 52% 27%
30 June 2013
Allocated to
Previously Commercial
reported UK PBB Banking CIB
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 104.6 15.2 80.9 8.5
Loan impairment provisions (2.4) (0.9) (1.5) -
Net loans and advances to customers 102.2 14.3 79.4 8.5
Funded assets 107.6 15.1 83.9 8.6
Risk elements in lending 6.2 1.1 4.4 0.7
Customer deposits (excluding repos) 126.2 28.3 91.0 6.9
Loan:deposit ratio (excluding repos) 81% 51% 87% 123%
Provision coverage (2) 39% 77% 34% -
Risk-weighted assets 88.1 14.4 66.7 7.0
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
UK Corporate
Quarter ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification Allocated to
Previously to/(from) to/(from) Treasury of one-off and Commercial
reported Functions Services allocations other items UK PBB Banking CIB
Income statement £m £m £m £m £m £m £m £m
Net interest income 715 - - (54) - 153 479 29
Non-interest income 427 - - - - 95 323 9
Total income 1,142 - - (54) - 248 802 38
Direct expenses
- staff (214) 7 21 - (9) (64) (127) (4)
- other (113) 9 14 - - (13) (77) -
Indirect expenses (226) (23) (37) - - (75) (205) (6)
Restructuring costs
- direct - - - - (7) - (7) -
- indirect - - - - (12) (3) (9) -
Total expenses (553) (7) (2) - (28) (155) (425) (10)
Operating profit before
impairment losses 589 (7) (2) (54) (28) 93 377 28
Impairment losses (194) - - - - (37) (155) (2)
Operating profit 395 (7) (2) (54) (28) 56 222 26
Memo: operating profit
- adjusted (1) 59 238 26
Key metrics
Net interest margin 3.05% 4.13% 2.71% 1.45%
Cost:income ratio 48% 63% 53% 26%
Cost:income ratio - adjusted (1) n/a 61% 51% 26%
30 June 2013
Allocated to
Previously Commercial
reported UK PBB Banking CIB
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 104.6 15.2 80.9 8.5
Loan impairment provisions (2.4) (0.9) (1.5) -
Net loans and advances to customers 102.2 14.3 79.4 8.5
Funded assets 107.6 15.1 83.9 8.6
Risk elements in lending 6.2 1.1 4.4 0.7
Customer deposits (excluding repos) 126.2 28.3 91.0 6.9
Loan:deposit ratio (excluding repos) 81% 51% 87% 123%
Provision coverage (2) 39% 77% 34% -
Risk-weighted assets 88.1 14.4 66.7 7.0
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Wealth
Quarter ended 31 March 2014
Net impact
Transfer Transfer of revised Reclassification Revised
Previously to/(from) to/(from) Treasury of one-off and Private
reported Functions Services allocations other items Banking
Income statement £m £m £m £m £m £m
Net interest income 171 - - (1) - 170
Non-interest income 103 - - - - 103
Total income 274 - - (1) - 273
Direct expenses
- staff (94) 6 10 - (2) (80)
- other (30) 6 6 - - (18)
Indirect expenses (73) (10) (18) - - (101)
Total expenses (197) 2 (2) - (2) (199)
Operating profit before impairment losses 77 2 (2) (1) (2) 74
Impairment recoveries 1 - - - - 1
Operating profit 78 2 (2) (1) (2) 75
Memo: operating profit - adjusted 75
Key metrics
Net interest margin 3.72% 3.70%
Cost:income ratio 72% 73%
Cost:income ratio - adjusted n/a 73%
Private
Banking
31 March 2014 £bn
Capital and balance sheet
Loans and advances to customers (gross) 16.8
Loan impairment provisions (0.1)
Net loans and advances to customers 16.7
Funded assets 21.1
Risk elements in lending 0.3
Customer deposits (excluding repos) 36.6
Loan:deposit ratio (excluding repos) 45%
Provision coverage (1) 45%
Risk-weighted assets 12.0
Note:
(1) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Wealth
Year ended 31 December 2013
Net impact
Transfer Transfer of revised Reclassification Revised
Previously to/(from) to/(from) Treasury of one-off and Private
reported Functions Services allocations other items Banking
Income statement £m £m £m £m £m £m
Net interest income 674 - - (16) - 658
Non-interest income 419 - - - - 419
Total income 1,093 - - (16) - 1,077
Direct expenses
- staff (384) 29 45 - (8) (318)
- other (122) 15 24 - - (83)
Indirect expenses (337) (64) (74) - - (475)
Restructuring costs
- direct - - - - (18) (18)
- indirect - - - - (9) (9)
Litigation and conduct costs - - - - (206) (206)
Total expenses (843) (20) (5) - (241) (1,109)
Operating profit/(loss) before impairment losses 250 (20) (5) (16) (241) (32)
Impairment losses (29) - - - - (29)
Operating profit/(loss) 221 (20) (5) (16) (241) (61)
Memo: operating profit - adjusted (1) 172
Key metrics
Net interest margin 3.56% 3.47%
Cost:income ratio 77% 103%
Cost:income ratio - adjusted (1) n/a 81%
Private
Banking
31 December 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 16.8
Loan impairment provisions (0.1)
Net loans and advances to customers 16.7
Funded assets 21.0
Risk elements in lending 0.3
Customer deposits (excluding repos) 37.2
Loan:deposit ratio (excluding repos) 45%
Provision coverage (2) 43%
Risk-weighted assets 12.0
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Wealth
Half year ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification Revised
Previously to/(from) to/(from) Treasury of one-off and Private
reported Functions Services allocations other items Banking
Income statement £m £m £m £m £m £m
Net interest income 331 - - (14) - 317
Non-interest income 214 - - - - 214
Total income 545 - - (14) - 531
Direct expenses
- staff (207) 15 23 - (4) (173)
- other (51) 9 12 - - (30)
Indirect expenses (168) (24) (36) - - (228)
Restructuring costs
- direct - - - - (1) (1)
- indirect - - - - (4) (4)
Total expenses (426) - (1) - (9) (436)
Operating profit before impairment losses 119 - (1) (14) (9) 95
Impairment losses (7) - - - - (7)
Operating profit 112 - (1) (14) (9) 88
Memo: operating profit - adjusted (1) 93
Key metrics
Net interest margin 3.48% 3.33%
Cost:income ratio 78% 82%
Cost:income ratio - adjusted (1) n/a 81%
Private
Banking
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 17.1
Loan impairment provisions (0.1)
Net loans and advances to customers 17.0
Funded assets 21.3
Risk elements in lending 0.3
Customer deposits (excluding repos) 38.9
Loan:deposit ratio (excluding repos) 44%
Provision coverage (2) 39%
Risk-weighted assets 12.5
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Wealth
Quarter ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification Revised
Previously to/(from) to/(from) Treasury of one-off and Private
reported Functions Services allocations other items Banking
Income statement £m £m £m £m £m £m
Net interest income 162 - - (3) - 159
Non-interest income 110 - - - - 110
Total income 272 - - (3) - 269
Direct expenses
- staff (104) 7 11 - (2) (88)
- other (28) 5 6 - - (17)
Indirect expenses (82) (12) (18) - - (112)
Restructuring costs
- direct - - - - (1) (1)
- indirect - - - - (2) (2)
Total expenses (214) - (1) - (5) (220)
Operating profit before impairment losses 58 - (1) (3) (5) 49
Impairment losses (2) - - - - (2)
Operating profit 56 - (1) (3) (5) 47
Memo: operating profit - adjusted (1) 50
Key metrics
Net interest margin 3.41% 3.34%
Cost:income ratio 79% 82%
Cost:income ratio - adjusted (1) n/a 81%
Private
Banking
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 17.1
Loan impairment provisions (0.1)
Net loans and advances to customers 17.0
Funded assets 21.3
Risk elements in lending 0.3
Customer deposits (excluding repos) 38.9
Loan:deposit ratio (excluding repos) 44%
Provision coverage (2) 39%
Risk-weighted assets 12.5
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
International Banking
Quarter ended 31 March 2014
Net impact
Transfer Transfer of revised Reclassification Allocated to
Previously to/(from) to/(from) Treasury of one-off and Commercial
reported Functions Services allocations other items Banking CIB
Income statement £m £m £m £m £m £m £m
Net interest income 180 - - (24) - 1 155
Non-interest income 248 - - - - 2 246
Total income 428 - - (24) - 3 401
Direct expenses
- staff (109) 15 32 - - - (62)
- other (35) 3 14 - - - (18)
Indirect expenses (164) (15) (63) - - - (242)
Restructuring costs
- direct - - - - (1) - (1)
- indirect - - - - 7 - 7
Total expenses (308) 3 (17) - 6 - (316)
Operating profit before impairment losses 120 3 (17) (24) 6 3 85
Impairment losses (10) - - - - - (10)
Operating profit 110 3 (17) (24) 6 3 75
Memo: operating profit - adjusted (1) 3 69
Key metrics
Net interest margin 1.55% 2.33% 1.35%
Cost:income ratio 72% - 79%
Cost:income ratio - adjusted (1) n/a - 80%
31 March 2014
Allocated to
Previously Commercial
reported Banking CIB
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 38.6 0.3 38.3
Loan impairment provisions (0.1) - (0.1)
Net loans and advances to customers 38.5 0.3 38.2
Funded assets 50.9 0.3 50.6
Customer deposits (excluding repos) 33.7 0.1 33.6
Loan:deposit ratio (excluding repos) 114% 300% 114%
Risk-weighted assets 47.1 0.2 46.9
Note:
(1) Excluding restructuring costs.
International Banking
Year ended 31 December 2013
Net impact
Transfer Transfer of revised Reclassification Allocated to
Previously to/(from) to/(from) Treasury of one-off and Commercial
reported Functions Services allocations other items Banking CIB
Income statement £m £m £m £m £m £m £m
Net interest income 713 - - (44) - 9 660
Non-interest income 1,135 - - - - 7 1,128
Total income 1,848 - - (44) - 16 1,788
Direct expenses
- staff (496) 55 127 - - (1) (313)
- other (167) 7 68 - - - (92)
Indirect expenses (677) (103) (199) - - - (979)
Restructuring costs
- direct - - - - (11) - (11)
- indirect - - - - (98) - (98)
Total expenses (1,340) (41) (4) - (109) (1) (1,493)
Operating profit before impairment losses 508 (41) (4) (44) (109) 15 295
Impairment losses (229) - - - - - (229)
Operating profit 279 (41) (4) (44) (109) 15 66
Memo: operating profit - adjusted (1) 15 175
Key metrics
Net interest margin 1.59% 3.15% 1.48%
Cost:income ratio 73% 6% 84%
Cost:income ratio - adjusted (1) n/a 6% 77%
31 December 2013
Allocated to
Previously Commercial
reported Banking CIB
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 36.0 0.3 35.7
Loan impairment provisions (0.3) - (0.3)
Net loans and advances to customers 35.7 0.3 35.4
Funded assets 48.5 0.3 48.2
Risk elements in lending 0.5 - 0.5
Customer deposits (excluding repos) 39.3 - 39.3
Loan:deposit ratio (excluding repos) 91% - 90%
Provision coverage (2) 69% - 69%
Risk-weighted assets 49.0 0.3 48.7
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
International Banking
Half year ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification Allocated to
Previously to/(from) to/(from) Treasury of one-off and Commercial
reported Functions Services allocations other items Banking CIB
Income statement £m £m £m £m £m £m £m
Net interest income 374 - - (20) - 4 350
Non-interest income 576 - - - - 4 572
Total income 950 - - (20) - 8 922
Direct expenses
- staff (253) 28 61 - - - (164)
- other (70) 4 27 - - - (39)
Indirect expenses (337) (34) (91) - - - (462)
Restructuring costs
- direct - - - - (4) - (4)
- indirect - - - - (37) - (37)
Total expenses (660) (2) (3) - (41) - (706)
Operating profit before impairment losses 290 (2) (3) (20) (41) 8 216
Impairment losses (154) - - - - - (154)
Operating profit 136 (2) (3) (20) (41) 8 62
Memo: operating profit - adjusted (1) 8 103
Key metrics
Net interest margin 1.68% 3.18% 1.58%
Cost:income ratio 69% - 77%
Cost:income ratio - adjusted (1) n/a - 72%
30 June 2013
Allocated to
Previously Commercial
reported Banking CIB
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 40.6 0.3 40.3
Loan impairment provisions (0.4) - (0.4)
Net loans and advances to customers 40.2 0.3 39.9
Funded assets 51.9 0.3 51.6
Risk elements in lending 0.5 - 0.5
Customer deposits (excluding repos) 46.0 - 46.0
Loan:deposit ratio (excluding repos) 87% - 87%
Provision coverage (2) 75% - 75%
Risk-weighted assets 49.7 0.2 49.5
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
International Banking
Quarter ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification Allocated to
Previously to/(from) to/(from) Treasury of one-off and Commercial
reported Functions Services allocations other items Banking CIB
Income statement £m £m £m £m £m £m £m
Net interest income 177 - - (5) - 2 170
Non-interest income 291 - - - - 2 289
Total income 468 - - (5) - 4 459
Direct expenses
- staff (128) 15 32 - - - (81)
- other (32) 2 12 - - - (18)
Indirect expenses (167) (18) (45) - - - (230)
Restructuring costs
- direct - - - - (2) - (2)
- indirect - - - - (22) - (22)
Total expenses (327) (1) (1) - (24) - (353)
Operating profit before impairment losses 141 (1) (1) (5) (24) 4 106
Impairment losses (99) - - - - - (99)
Operating profit 42 (1) (1) (5) (24) 4 7
Memo: operating profit - adjusted (1) 4 31
Key metrics
Net interest margin 1.62% 3.15% 1.56%
Cost:income ratio 70% - 77%
Cost:income ratio - adjusted (1) n/a - 72%
30 June 2013
Allocated to
Previously Commercial
reported Banking CIB
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 40.6 0.3 40.3
Loan impairment provisions (0.4) - (0.4)
Net loans and advances to customers 40.2 0.3 39.9
Funded assets 51.9 0.3 51.6
Risk elements in lending 0.5 - 0.5
Customer deposits (excluding repos) 46.0 - 46.0
Loan:deposit ratio (excluding repos) 87% - 87%
Provision coverage (2) 75% - 75%
Risk-weighted assets 49.7 0.2 49.5
Notes:
(1) Excluding restructuring costs.
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