2011 annual results - Investors - RBS.com

Results summary
RBS Group – Annual Results 2011
Year ended Quarter ended
31 December 31 December 31 December 30 September 31 December
2011
2010
2011 2011
2010
£m £m £m £m £m
Core
Total income (1) 26,571 29,698 5,923 6,312 7,138
Operating expenses (2) (14,183) (14,454) (3,330) (3,498) (3,600)
Insurance net claims (2,773) (4,046) (590) (696) (937)
Operating profit before impairment
losses (3) 9,615 11,198 2,003 2,118 2,601
Impairment losses (4) (3,520) (3,780) (941) (854) (930)
Operating profit (3) 6,095 7,418 1,062 1,264 1,671
Non-Core
Total income/(loss) (1) 1,206 2,964 (304) 46 321
Operating expenses (2) (1,295) (2,256) (314) (323) (481)
Insurance net claims (195) (737) 61 (38) (245)
Operating loss before impairment
losses (3) (284) (29) (557) (315) (405)
Impairment losses (4) (3,919) (5,476) (751) (682) (1,211)
Operating loss (3) (4,203) (5,505) (1,308) (997) (1,616)
Total
Total income (1) 27,777 32,662 5,619 6,358 7,459
Operating expenses (2) (15,478) (16,710) (3,644) (3,821) (4,081)
Insurance net claims (2,968) (4,783) (529) (734) (1,182)
Operating profit before impairment
losses (3) 9,331 11,169 1,446 1,803 2,196
Impairment losses (4) (7,439) (9,256) (1,692) (1,536) (2,141)
Operating profit/(loss) (3) 1,892 1,913 (246) 267 55
Fair value of own debt 1,846 174 (370) 2,357 582
Asset Protection Scheme (906) (1,550) (209) (60) (725)
Payment Protection Insurance costs (850) - - - -
Sovereign debt impairment (1,099) - (224) (142) -
Bank levy (300) - (300) - -
Other items (1,349) (936) (627) (418) 80
(Loss)/profit before tax (766) (399) (1,976) 2,004 (8)
Memo: Operating profit/(loss) after
adjusting for GMS disposal 1,892 1,704 (246) 267 25
For definitions of the notes refer to page 7.
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