FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For February 25, 2010
Commission File Number: 001-10306
The Royal Bank of Scotland Group plc
RBS, Gogarburn, PO Box 1000
Edinburgh EH12 1HQ
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F X | Form 40-F |
| Yes | No X |
The following information was issued as a Company announcement in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:
Appendix 5 - Revisions
Divisional revisions
Divisional results have been revised to reflect the transfer of RBS Sempra Commodities to Non-Core from GBM. These changes do not affect the Group's results.
|
Quarter ended 30 September 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 |
447 |
- |
447 |
660 |
- |
660 |
|
|
Non-interest income |
1,412 |
(114) |
1,298 |
1,650 |
(207) |
1,443 |
|
|
Direct expenses |
|||||||
|
- staff costs |
(760) |
39 |
(721) |
(762) |
82 |
(680) |
|
|
- other costs |
(261) |
21 |
(240) |
(231) |
27 |
(204) |
|
|
Impairment losses |
(272) |
- |
(272) |
31 |
- |
31 |
|
|
Operating profit |
375 |
(54) |
321 |
1,147 |
(98) |
1,049 |
|
|
£bn |
£bn |
£bn |
|
£bn |
£bn |
£bn |
|
|
Loans and advances (including banks) |
157.0 |
(0.7) |
156.3 |
156.0 |
(0.8) |
155.2 |
|
|
Reverse repos |
75.4 |
- |
75.4 |
75.2 |
- |
75.2 |
|
|
Securities |
117.6 |
- |
117.6 |
115.5 |
- |
115.5 |
|
|
Cash and eligible bills |
63.8 |
- |
63.8 |
51.5 |
- |
51.5 |
|
|
Other |
50.8 |
(4.8) |
46.0 |
46.2 |
(5.7) |
40.5 |
|
|
Total third party assets (excluding derivatives mark to market) |
464.6 |
(5.5) |
459.1 |
444.4 |
(6.5) |
437.9 |
|
|
Customer deposits (excluding repos) |
58.1 |
(1.3) |
56.8 |
65.0 |
(1.6) |
63.4 |
|
|
Risk-weighted assets |
131.9 |
(10.4) |
121.5 |
122.4 |
(9.9) |
112.5 |
|
|
Quarter ended 31 March 2009 |
Quarter ended 31 December 2008 |
||||||
|
Previously reported |
Adjustment |
Revised |
Previously reported |
Adjustment |
Revised |
||
|
Global Banking & Markets |
£m |
£m |
£m |
|
£m |
£m |
£m |
|
Net interest income |
812 |
- |
812 |
1,054 |
- |
1,054 |
|
|
Non-interest income |
4,527 |
(247) |
4,280 |
(2,850) |
(404) |
(3,254) |
|
|
Direct expenses |
|||||||
|
- staff costs |
(1,001) |
113 |
(888) |
(178) |
160 |
(18) |
|
|
- other costs |
(300) |
26 |
(274) |
(421) |
24 |
(397) |
|
|
Impairment losses |
(269) |
- |
(269) |
(505) |
3 |
(502) |
|
|
Operating profit/(loss) |
3,576 |
(108) |
3,468 |
(3,102) |
(217) |
(3,319) |
|
|
|
|
|
|
|
|
|
|
|
Loans and advances (including banks) |
206.5 |
(1.2) |
205.3 |
225.5 |
(1.3) |
224.2 |
|
|
Reverse repos |
80.6 |
- |
80.6 |
88.8 |
- |
88.8 |
|
|
Securities |
124.3 |
- |
124.3 |
127.5 |
- |
127.5 |
|
|
Cash and eligible bills |
28.6 |
- |
28.6 |
20.2 |
- |
20.2 |
|
|
Other |
43.1 |
(5.7) |
37.4 |
42.9 |
(4.9) |
38.0 |
|
|
Total third party assets (excluding derivatives mark to market) |
483.1 |
(6.9) |
476.2 |
504.9 |
(6.2) |
498.7 |
|
|
Customer deposits (excluding repos) |
81.8 |
(1.7) |
80.1 |
88.6 |
(0.8) |
87.8 |
|
|
Risk-weighted assets |
148.6 |
(10.7) |
137.9 |
162.4 |
(10.6) |
151.8 |
|
2
Appendix 5 - Revisions
|
Quarter ended 30 September 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 |
287 |
- |
287 |
274 |
- |
274 |
|
|
Non-interest income |
(347) |
114 |
(233) |
(1,168) |
207 |
(961) |
|
|
Direct expenses |
|||||||
|
- staff costs |
(111) |
(39) |
(150) |
(71) |
(82) |
(153) |
|
|
- other costs |
(223) |
(21) |
(244) |
(220) |
(27) |
(247) |
|
|
Impairment losses |
(2,066) |
- |
(2,066) |
(3,516) |
- |
(3,516) |
|
|
Operating loss |
(2,718) |
54 |
(2,664) |
(4,975) |
98 |
(4,877) |
|
|
£bn |
£bn |
£bn |
|
£bn |
£bn |
£bn |
|
|
Total third party assets (including derivatives) |
220.2 |
12.8 |
233.0 |
231.9 |
14.6 |
246.5 |
|
|
Loans and advances to customers - gross |
158.7 |
0.4 |
159.1 |
163.6 |
0.5 |
164.1 |
|
|
Customer deposits |
14.7 |
1.3 |
16.0 |
13.4 |
1.6 |
15.0 |
|
|
Risk-weighted assets |
190.3 |
10.4 |
200.7 |
164.1 |
9.9 |
174.0 |
|
|
Quarter ended 31 March 2009 |
Quarter ended 31 December 2008 |
||||||
|
Previously reported |
Adjustment |
Revised |
Previously Reported |
Adjustment |
Revised |
||
|
Non-Core |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
Net interest income |
395 |
- |
395 |
765 |
- |
765 |
|
|
Non-interest income |
(2,418) |
247 |
(2,171) |
(3,099) |
404 |
(2,695) |
|
|
Direct expenses |
|||||||
|
- staff costs |
(188) |
(113) |
(301) |
(110) |
(160) |
(270) |
|
|
- other costs |
(230) |
(26) |
(256) |
(321) |
(24) |
(345) |
|
|
Impairment losses |
(1,828) |
- |
(1,828) |
(3,358) |
(3) |
(3,361) |
|
|
Operating loss |
(4,588) |
108 |
(4,480) |
(6,467) |
217 |
(6,250) |
|
|
|
|
|
|
|
|
|
|
|
Total third party assets (including derivatives) |
297.1 |
17.6 |
314.7 |
325.1 |
17.8 |
342.9 |
|
|
Loans and advances to customers - gross |
183.1 |
0.6 |
183.7 |
190.6 |
0.8 |
191.4 |
|
|
Customer deposits |
21.9 |
1.8 |
23.7 |
26.6 |
0.8 |
27.4 |
|
|
Risk-weighted assets |
163.7 |
10.7 |
174.4 |
160.3 |
10.6 |
170.9 |
|
3
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 25 February 2010
| THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant) |
| By: | /s/ A N Taylor |
| Name: Title: |
A N Taylor Head of Group Secretariat |