(a)
|
the distribution of those ABN AMRO businesses attributable to Santander and the Dutch government (the "other Consortium members"); and
|
(b)
|
the divestment of certain businesses to meet the European Commission's State Aid requirements (see below).
|
·
|
RBS Insurance
|
·
|
Global Merchant Services
|
·
|
RBS Sempra Commodities
|
·
|
the RBS branch based business in England and Wales, the NatWest branch network in Scotland, along with the Direct SME customers across the UK (termed the 'UK Retail and UK Corporate businesses outlined for disposal')
|
·
|
pro forma balance sheet: the distribution to the other Consortium members and EC State Aid Divestments had occurred on 30 June 2010
|
·
|
pro forma income statements: the distribution to the other Consortium members had occurred on acquisition of ABN AMRO on 17 October 2007 and the EC State Aid Divestments had occurred on 1 January 2007
|
·
|
sale proceeds in respect of the EC State Aid Divestments are received in cash and are equal to the net asset values of the businesses to be disposed of
|
·
|
the UK Retail and UK Corporate business outlined for disposal represents a carve-out from existing RBS businesses and therefore discrete financial information for this divestment which is factually supportable is not currently available. Accordingly, the pro forma financial information in respect of the EC State Aid Divestments excludes this business.
|
Six months
ended
30 June 2010
|
Year
ended
31 December
2009*
|
|||||||
£m | £m | |||||||
UK Retail and UK Corporate businesses outlined for disposal
|
||||||||
Total income
|
455 | 925 | ||||||
Operating profit before impairment losses
|
217 | 451 | ||||||
Operating (loss)/profit before tax
|
57 | (55 | ) | |||||
Total assets at 30 June were estimated to be £21.3 billion
|
RBS (1)
|
RFS
Minority
Interest (2)
|
Pro forma
RBS (3)
|
EC
State Aid
Divestments (4)
|
Pro forma
RBS (5)
|
|||||||||||||||
£m | £m | £m | £m | £m | |||||||||||||||
Assets
|
|||||||||||||||||||
Cash and balances at central banks
|
29,591 | - | 29,591 | 5,850 | 35,441 | ||||||||||||||
Loans and advances to banks
|
102,152 | (18 | ) | 102,134 | (2,456 | ) | 99,678 | ||||||||||||
Loans and advances to customers
|
578,771 | (35 | ) | 578,736 | 446 | 579,182 | |||||||||||||
Debt securities and equity shares
|
253,586 | - | 253,586 | (7,568 | ) | 246,018 | |||||||||||||
Derivatives
|
522,871 | - | 522,871 | (85 | ) | 522,786 | |||||||||||||
Intangible assets
|
14,482 | - | 14,482 | (1,011 | ) | 13,471 | |||||||||||||
Property, plant and equipment
|
17,608 | - | 17,608 | (142 | ) | 17,466 | |||||||||||||
Other assets
|
62,992 | (1,147 | ) | 61,845 | (15,710 | ) | 46,135 | ||||||||||||
Total assets
|
1,582,053 | (1,200 | ) | 1,580,853 | (20,676 | ) | 1,560,177 | ||||||||||||
Liabilities
|
|||||||||||||||||||
Deposits by banks
|
140,875 | (96 | ) | 140,779 | - | 140,779 | |||||||||||||
Customer accounts
|
491,545 | - | 491,545 | - | 491,545 | ||||||||||||||
Debt securities in issue
|
217,317 | - | 217,317 | - | 217,317 | ||||||||||||||
Settlement balances and short positions
|
62,724 | - | 62,724 | - | 62,724 | ||||||||||||||
Derivatives
|
508,966 | - | 508,966 | - | 508,966 | ||||||||||||||
Subordinated liabilities
|
27,523 | - | 27,523 | - | 27,523 | ||||||||||||||
Other liabilities
|
53,809 | (721 | ) | 53,088 | (19,329 | ) | 33,759 | ||||||||||||
Total liabilities
|
1,502,759 | (817 | ) | 1,501,942 | (19,329 | ) | 1,482,613 | ||||||||||||
Minority interests
|
2,492 | (383 | ) | 2,109 | (1,347 | ) | 762 | ||||||||||||
Equity owners
|
76,802 | - | 76,802 | - | 76,802 | ||||||||||||||
Total equity
|
79,294 | (383 | ) | 78,911 | (1,347 | ) | 77,564 | ||||||||||||
Total liabilities and equity
|
1,582,053 | (1,200 | ) | 1,580,853 | (20,676 | ) | 1,560,177 |
(1)
|
The financial information for RBS has been extracted from the unaudited financial statements for the six months ended 30 June 2010 included on page 64 of the Form 6-K filed with the SEC on 13 August 2010.
|
(2)
|
The financial information for the RFS Minority Interest has been extracted from RBS's accounting records for the six months ended 30 June 2010 without adjustment and represents those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(3)
|
Pro forma unaudited balance sheet of RBS as at 30 June 2010 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(4)
|
The financial information for the EC State Aid Divestments has been extracted from RBS's accounting records for the six months ended 30 June 2010 without adjustment and represents those parts of the businesses agreed with the European Commission as being for disposal for which information is currently available, namely RBS Insurance, RBS Sempra Commodities and Global Merchant Services.
|
(5)
|
Pro forma unaudited balance sheet of RBS as at 30 June 2010 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members and the EC State Aid Divestments.
|
RBS (1)
|
RFS
Minority
Interest (2)
|
RBS
excluding
RFS
Minority
Interest (3)
|
EC
State Aid
Divestments
(4)
|
Pro forma
RBS (5)
|
|||||||||||||||
Continuing operations
|
£m | £m | £m | £m | £m | ||||||||||||||
Net interest income
|
7,218 | - | 7,218 | (215 | ) | 7,003 | |||||||||||||
Net fees and commissions
|
2,953 | (7 | ) | 2,946 | (60 | ) | 2,886 | ||||||||||||
Income from trading activities
|
3,876 | (4 | ) | 3,872 | (262 | ) | 3,610 | ||||||||||||
Gain on redemption of own debt
|
553 | - | 553 | - | 553 | ||||||||||||||
Other operating income (excluding insurance premium income)
|
793 | (18 | ) | 775 | (94 | ) | 681 | ||||||||||||
Insurance net premium income
|
2,567 | - | 2,567 | (2,517 | ) | 50 | |||||||||||||
Non-interest income
|
10,742 | (29 | ) | 10,713 | (2,933 | ) | 7,780 | ||||||||||||
Total income
|
17,960 | (29 | ) | 17,931 | (3,148 | ) | 14,783 | ||||||||||||
Operating expenses
|
(9,170 | ) | (4 | ) | (9,174 | ) | 765 | (8,409 | ) | ||||||||||
Profit/(loss) before other operating charges and impairment losses
|
8,790 | (33 | ) | 8,757 | (2,383 | ) | 6,374 | ||||||||||||
Insurance net claims
|
(2,459 | ) | - | (2,459 | ) | 2,455 | (4 | ) | |||||||||||
Impairment (losses)/gains
|
(5,162 | ) | - | (5,162 | ) | 21 | (5,141 | ) | |||||||||||
Operating profit/(loss) before tax
|
1,169 | (33 | ) | 1,136 | 93 | 1,229 | |||||||||||||
Tax
|
(932 | ) | 1 | (931 | ) | (38 | ) | (969 | ) | ||||||||||
Profit/(loss) from continuing operations
|
237 | (32 | ) | 205 | 55 | 260 | |||||||||||||
Profit/(loss) attributable to:
|
|||||||||||||||||||
Minority interests
|
74 | (32 | ) | 42 | (20 | ) | 22 | ||||||||||||
Preference shareholders
|
105 | - | 105 | - | 105 | ||||||||||||||
Paid-in equity holders
|
19 | - | 19 | - | 19 | ||||||||||||||
Ordinary shareholders
|
39 | - | 39 | 75 | 114 | ||||||||||||||
237 | (32 | ) | 205 | 55 | 260 | ||||||||||||||
Per 25p ordinary share (pence)
|
|||||||||||||||||||
Continuing operations
|
|||||||||||||||||||
Basic
|
0.6 | 0.6 | 0.7 | ||||||||||||||||
Fully diluted
|
0.5 | 0.5 | 0.6 | ||||||||||||||||
Number of shares (million)
|
|||||||||||||||||||
Weighted average ordinary shares
|
107,326 | 107,326 | 107,326 | ||||||||||||||||
Weighted average diluted ordinary shares
|
123,862 | 123,862 | 123,862 |
(1)
|
The financial information for RBS has been extracted from the unaudited financial statements for the six months ended 30 June 2010 included on page 62 of the Form 6-K filed with the SEC on 13 August 2010.
|
(2)
|
The financial information for the RFS Minority Interest has been extracted from RBS's unaudited accounting records for the six months ended 30 June 2010 without adjustment and represents those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(3)
|
Pro forma unaudited income statement of RBS for the six months ended 30 June 2010 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(4)
|
The financial information for the EC State Aid Divestments has been extracted from RBS's accounting records for the six months ended 30 June 2010 without adjustment and represents those parts of RBS attributable to the businesses a greed with the European Commission as being for disposal for which information is currently available, namely RBS Insurance, RBS Sempra Commodities and Global Merchant Services.
|
(5)
|
Pro forma unaudited income statement of RBS for the six months ended 30 June 2010 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members and the EC State Aid Divestments.
|
RBS (1)
|
RFS
Minority
Interest (2)
|
RBS
excluding
RFS
Minority
Interest (3)
|
EC
State Aid
Divestments
(4)
|
Pro forma
RBS (5)
|
|||||||||||||||
Continuing operations
|
£m | £m | £m | £m | £m | ||||||||||||||
Net interest income
|
6,849 | 11 | 6,860 | (244 | ) | 6,616 | |||||||||||||
Net fees and commissions
|
3,115 | - | 3,115 | 60 | 3,175 | ||||||||||||||
Income from trading activities
|
1,964 | 80 | 2,044 | (471 | ) | 1,573 | |||||||||||||
Gain on redemption of own debt
|
3,790 | - | 3,790 | - | 3,790 | ||||||||||||||
Other operating income (excluding insurance premium income)
|
646 | (78 | ) | 568 | (277 | ) | 291 | ||||||||||||
Insurance net premium income
|
2,657 | - | 2,657 | (2,580 | ) | 77 | |||||||||||||
Non-interest income
|
12,172 | 2 | 12,174 | (3,268 | ) | 8,906 | |||||||||||||
Total income
|
19,021 | 13 | 19,034 | (3,512 | ) | 15,522 | |||||||||||||
Operating expenses
|
(9,960 | ) | 42 | (9,918 | ) | 822 | (9,096 | ) | |||||||||||
Profit/(loss) before other operating charges and impairment losses
|
9,061 | 55 | 9,116 | (2,690 | ) | 6,426 | |||||||||||||
Insurance net claims
|
(1,891 | ) | - | (1,891 | ) | 1,865 | (26 | ) | |||||||||||
Impairment (losses)/gains
|
(7,521 | ) | - | (7,521 | ) | 6 | (7,515 | ) | |||||||||||
Operating (loss)/profit before tax
|
(351 | ) | 55 | (296 | ) | (819 | ) | (1,115 | ) | ||||||||||
Tax
|
456 | (44 | ) | 412 | 125 | 537 | |||||||||||||
Profit/(loss) from continuing operations
|
105 | 11 | 116 | (694 | ) | (578 | ) | ||||||||||||
Profit/(loss) attributable to:
|
|||||||||||||||||||
Minority interests
|
543 | 11 | 554 | (144 | ) | 410 | |||||||||||||
Preference shareholders
|
510 | - | 510 | - | 510 | ||||||||||||||
Paid-in equity holders
|
36 | - | 36 | - | 36 | ||||||||||||||
Ordinary shareholders
|
(984 | ) | - | (984 | ) | (550 | ) | (1,534 | ) | ||||||||||
105 | 11 | 116 | (694 | ) | (578 | ) | |||||||||||||
Per 25p ordinary share (pence)
|
|||||||||||||||||||
Continuing operations
|
|||||||||||||||||||
Basic
|
(1.7 | ) | (1.7 | ) | (2.9 | ) | |||||||||||||
Fully diluted
|
(1.7 | ) | (1.7 | ) | (2.9 | ) | |||||||||||||
Number of shares (million)
|
|||||||||||||||||||
Weighted average ordinary shares
|
46,719 | 46,719 | 46,719 | ||||||||||||||||
Weighted average diluted ordinary shares
|
46,719 | 46,719 | 46,719 |
(1)
|
The financial information for RBS has been extracted from the unaudited financial statements for the six months ended 30 June 2010 included on page 62 of the Form 6-K filed with the SEC on 13 August 2010.
|
(2)
|
The financial information for the RFS Minority Interest has been extracted from RBS's unaudited accounting records for the six months ended 30 June 2009 without adjustment and represents those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(3)
|
Pro forma unaudited income statement of RBS for the six months ended 30 June 2009 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(4)
|
The financial information for the EC State Aid Divestments has been extracted from RBS's accounting records for the six months ended 30 June 2009 without adjustment and represents those parts of RBS attributable to the businesses a greed with the European Commission as being for disposal for which information is currently available, namely RBS Insurance, RBS Sempra Commodities and Global Merchant Services.
|
(5)
|
Pro forma unaudited income statement of RBS for the six months ended 30 June 2009 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members and the EC State Aid Divestments.
|
RBS (1)
|
RFS
Minority
Interest (2)
|
RBS
excluding
RFS
Minority
Interest (3)
|
EC
State Aid
Divestments
(4)
|
Adjusted
Pro forma
RBS (5)
|
|||||||||||||||
Continuing operations
|
£m | £m | £m | £m | £m | ||||||||||||||
Net interest income
|
13,388 | 179 | 13,567 | (477 | ) | 13,090 | |||||||||||||
Net fees and commissions
|
5,948 | - | 5,948 | 67 | 6,015 | ||||||||||||||
Income from trading activities
|
3,761 | 45 | 3,806 | (799 | ) | 3,007 | |||||||||||||
Gain on redemption of own debt
|
3,790 | - | 3,790 | - | 3,790 | ||||||||||||||
Other operating income (excluding insurance premium income)
|
873 | 97 | 970 | (376 | ) | 594 | |||||||||||||
Insurance net premium income
|
5,266 | - | 5,266 | (5,138 | ) | 128 | |||||||||||||
Non-interest income
|
19,638 | 142 | 19,780 | (6,246 | ) | 13,534 | |||||||||||||
Total income
|
33,026 | 321 | 33,347 | (6,723 | ) | 26,624 | |||||||||||||
Operating expenses
|
(17,417 | ) | 35 | (17,382 | ) | 1,615 | (15,767 | ) | |||||||||||
Profit/loss) before other operating charges and impairment losses
|
15,609 | 356 | 15,965 | (5,108 | ) | 10,857 | |||||||||||||
Insurance net claims
|
(4,357 | ) | - | (4,357 | ) | 4,223 | (134 | ) | |||||||||||
Impairment (losses)/gains
|
(13,899 | ) | - | (13,899 | ) | 8 | (13,891 | ) | |||||||||||
Operating (loss)/profit before tax
|
(2,647 | ) | 356 | (2,291 | ) | (877 | ) | (3,168 | ) | ||||||||||
Tax
|
429 | (90 | ) | 339 | 148 | 487 | |||||||||||||
(Loss)/profit from continuing operations
|
(2,218 | ) | 266 | (1,952 | ) | (729 | ) | (2,681 | ) | ||||||||||
Profit/(loss) attributable to:
|
|||||||||||||||||||
Minority interests
|
382 | 266 | 648 | (234 | ) | 414 | |||||||||||||
Preference shareholders
|
878 | - | 878 | - | 878 | ||||||||||||||
Paid-in equity holders
|
57 | - | 57 | - | 57 | ||||||||||||||
Ordinary shareholders
|
(3,535 | ) | - | (3,535 | ) | (495 | ) | (4,030 | ) | ||||||||||
(2,218 | ) | 266 | (1,952 | ) | (729 | ) | (2,681 | ) | |||||||||||
Per 25p ordinary share (pence)
|
|||||||||||||||||||
Continuing operations
|
|||||||||||||||||||
Basic
|
(6.3 | ) | (6.3 | ) | (7.2 | ) | |||||||||||||
Fully diluted
|
(6.3 | ) | (6.3 | ) | (7.2 | ) | |||||||||||||
Number of shares (million)
|
|||||||||||||||||||
Weighted average ordinary shares
|
52,891 | 52,891 | 52,891 | ||||||||||||||||
Weighted average diluted ordinary shares
|
53,329 | 53,329 | 53,329 |
(1)
|
The financial information for RBS has been extracted from the audited financial statements for the year to 31 December 2009 included on page 197 of the Form 6-K filed with the SEC on 13 August 2010.
|
(2)
|
The financial information for the RFS Minority Interest has been extracted from RBS's accounting records for the year ended 31 December 2009 without adjustment and represents those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(3)
|
Pro forma unaudited income statement of RBS for the year ended 31 December 2009 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(4)
|
The financial information for the EC State Aid Divestments has been extracted from RBS's accounting records for the year ended 31 December 2009 without adjustment and represents those parts of the businesses agreed with the European Commission as being for disposal for which information is currently available, namely RBS Insurance, RBS Sempra Commodities and Global Merchant Services.
|
(5)
|
Pro forma unaudited income statement of RBS for the year ended 31 December 2009 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members and the EC State Aid Divestments.
|
RBS (1)
|
RFS
Minority
Interest (2)
|
RBS
excluding
RFS
Minority
Interest (3)
|
EC
State Aid
Divestments
(4)
|
Adjusted
Pro forma
RBS (5)
|
|||||||||||||||
Continuing operations
|
£m | £m | £m | £m | £m | ||||||||||||||
Net interest income
|
15,482 | 282 | 15,764 | (669 | ) | 15,095 | |||||||||||||
Net fees and commissions
|
6,411 | 23 | 6,434 | (29 | ) | 6,405 | |||||||||||||
Income from trading activities
|
(9,025 | ) | 196 | (8,829 | ) | (793 | ) | (9,622 | ) | ||||||||||
Other operating income (excluding insurance premium income)
|
2,153 | (190 | ) | 1,963 | (78 | ) | 1,885 | ||||||||||||
Insurance net premium income
|
5,709 | - | 5,709 | (5,293 | ) | 416 | |||||||||||||
Non-interest income
|
5,248 | 29 | 5,277 | (6,193 | ) | (916 | ) | ||||||||||||
Total income
|
20,730 | 311 | 21,041 | (6,862 | ) | 14,179 | |||||||||||||
Operating expenses
|
(35,065 | ) | 166 | (34,899 | ) | 1,716 | (33,183 | ) | |||||||||||
(Loss)/profit before other operating charges and impairment losses
|
(14,335 | ) | 477 | (13,858 | ) | (5,146 | ) | (19,004 | ) | ||||||||||
Insurance net claims
|
(3,917 | ) | - | (3,917 | ) | 3,733 | (184 | ) | |||||||||||
Impairment (losses)/gains
|
(7,439 | ) | 7 | (7,432 | ) | 45 | (7,387 | ) | |||||||||||
Operating (loss)/profit before tax
|
(25,691 | ) | 484 | (25,207 | ) | (1,368 | ) | (26,575 | ) | ||||||||||
Tax
|
2,167 | (172 | ) | 1,995 | 291 | 2,286 | |||||||||||||
(Loss)/profit from continuing operations
|
(23,524 | ) | 312 | (23,212 | ) | (1,077 | ) | (24,289 | ) | ||||||||||
Profit/(loss) attributable to:
|
|||||||||||||||||||
Minority interests
|
100 | 312 | 412 | (164 | ) | 248 | |||||||||||||
Preference shareholders
|
536 | - | 536 | - | 536 | ||||||||||||||
Paid-in equity holders
|
60 | - | 60 | - | 60 | ||||||||||||||
Ordinary shareholders
|
(24,220 | ) | - | (24,220 | ) | (913 | ) | (25,133 | ) | ||||||||||
(23,524 | ) | 312 | (23,212 | ) | (1,077 | ) | (24,289 | ) | |||||||||||
Per 25p ordinary share (pence)
|
|||||||||||||||||||
Continuing operations
|
|||||||||||||||||||
Basic
|
(146.2 | ) | (146.2 | ) | (151.7 | ) | |||||||||||||
Fully diluted
|
(146.2 | ) | (146.2 | ) | (151.7 | ) | |||||||||||||
Number of shares (million)
|
|||||||||||||||||||
Weighted average ordinary shares
|
16,563 | 16,563 | 16,563 | ||||||||||||||||
Weighted average diluted ordinary shares
|
16,563 | 16,563 | 16,563 |
(1)
|
The financial information for RBS has been extracted from the audited financial statements for the year ended 31 December 2009 included on page 197 of the Form 6-K filed with the SEC on 13 August 2010.
|
(2)
|
The financial information for the RFS Minority Interest has been extracted from RBS's accounting records for the year ended 31 December 2008 without adjustment and represents those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(3)
|
Pro forma unaudited income statement of RBS for the year ended 31 December 2008 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members.
|
(4)
|
The financial information for the EC State Aid Divestments has been extracted from RBS's accounting records for the year ended 31 December 2008 without adjustment and represents those parts of RBS attributable to the businesses agreed with the European Commission as being for disposal for which information is currently available, namely RBS Insurance, RBS Sempra Commodities and Global Merchant Services.
|
(5)
|
Pro forma unaudited income statement of RBS for the year ended 31 December 2008 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members and the EC State Aid Divestments.
|
RBS (1)
|
RFS
Minority
Interest (2)
|
RBS
excluding
RFS
Minority
Interest (3)
|
EC
State Aid
Divestments
(4)
|
Adjusted
Pro forma
RBS (5)
|
|||||||||||||||
Continuing operations
|
£m | £m | £m | £m | £m | ||||||||||||||
Net interest income
|
11,550 | (26 | ) | 11,524 | (633 | ) | 10,891 | ||||||||||||
Net fees and commissions
|
5,890 | (29 | ) | 5,861 | 38 | 5,899 | |||||||||||||
Income from trading activities
|
1,272 | 159 | 1,431 | 6 | 1,437 | ||||||||||||||
Other operating income (excluding insurance premium income)
|
4,778 | (42 | ) | 4,736 | (244 | ) | 4,492 | ||||||||||||
Insurance net premium income
|
5,982 | - | 5,982 | (5,387 | ) | 595 | |||||||||||||
Non-interest income
|
17,922 | 88 | 18,010 | (5,587 | ) | 12,423 | |||||||||||||
Total income
|
29,472 | 62 | 29,534 | (6,220 | ) | 23,314 | |||||||||||||
Operating expenses
|
(13,383 | ) | (24 | ) | (13,407 | ) | 1,216 | (12,191 | ) | ||||||||||
profit/(loss) before other operating charges and impairment losses
|
16,089 | 38 | 16,127 | (5,004 | ) | 11,123 | |||||||||||||
Insurance net claims
|
(4,528 | ) | - | (4,528 | ) | 4,010 | (518 | ) | |||||||||||
Impairment (losses)/gains
|
(1,925 | ) | (5 | ) | (1,930 | ) | - | (1,930 | ) | ||||||||||
Operating profit/(loss) before tax
|
9,636 | 33 | 9,669 | (994 | ) | 8,675 | |||||||||||||
Tax
|
(2,011 | ) | (39 | ) | (2,050 | ) | 277 | (1,773 | ) | ||||||||||
Profit/(loss) from continuing operations
|
7,625 | (6 | ) | 7,619 | (717 | ) | 6,902 | ||||||||||||
Profit/(loss) attributable to:
|
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Minority interests
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76 | (6 | ) | 70 | - | 70 | |||||||||||||
Preference shareholders
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246 | - | 246 | - | 246 | ||||||||||||||
Ordinary shareholders
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7,303 | - | 7,303 | (717 | ) | 6,586 | |||||||||||||
7,625 | (6 | ) | 7,619 | (717 | ) | 6,902 | |||||||||||||
Per 25p ordinary share (pence)
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Continuing operations
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Basic
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64.0 | 64.0 | 57.7 | ||||||||||||||||
Fully diluted
|
63.4 | 63.4 | 57.2 | ||||||||||||||||
Number of shares (million)
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Weighted average ordinary shares
|
11,413 | 11,413 | 11,413 | ||||||||||||||||
Weighted average diluted ordinary shares
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11,611 | 11,611 | 11,611 |
(1)
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The financial information for RBS has been extracted from the audited financial statements for the year ended 31 December 2009 included on page 197 of the Form 6-K filed with the SEC on 13 August 2010.
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(2)
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The financial information for the RFS Minority Interest has been extracted from RBS's accounting records for the year ended 31 December 2007 without adjustment and represents those parts of the ABN AMRO businesses attributable to the other Consortium members.
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(3)
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Pro forma unaudited income statement of RBS for the year ended 31 December 2007 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members.
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(4)
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The financial information for the EC State Aid Divestments has been extracted from RBS's accounting records for the year ended 31 December 2007 without adjustment and represents those parts of RBS attributable to the businesses agreed with the European Commission as being for disposal for which information is currently available, namely RBS Insurance and Global Merchant Services.
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(5)
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Pro forma unaudited income statement of RBS for the year ended 31 December 2007 excluding those parts of the ABN AMRO businesses attributable to the other Consortium members and the EC State Aid Divestments.
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/s/ Rajan Kapoor |
Rajan Kapoor
Group Chief Accountant
August 13, 2010
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