rbs201105066k8.htm
 
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 May 6, 2011
 
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 ___
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_________

 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_________


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes
   ___
No X
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

 
 
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 1
 
Income statement reconciliations
 

 
Appendix 1 Income statement reconciliations
 
Quarter ended
 
31 March 2011
  
31 December 2010
  
31 March 2010
 
Managed 
Reallocation 
of one-off 
 items 
Statutory 
  
Managed 
Reallocation 
of one-off 
 items 
Statutory 
  
Managed 
Reallocation 
of one-off 
 items 
Statutory 
 
£m 
£m 
£m 
  
£m 
£m 
£m 
  
£m 
£m 
£m 
                       
Net interest income
3,302 
(1)
3,301 
  
3,578 
2 
3,580 
  
3,534 
8 
3,542 
Non-interest income
4,731 
(974)
3,757 
  
3,881 
361 
4,242 
  
5,589 
(608)
4,981 
                       
Total income
8,033 
(975)
7,058 
  
7,459 
363 
7,822 
  
9,123 
(600)
8,523 
Operating expenses
(4,121)
(194)
(4,315)
  
(4,081)
(426)
(4,507)
  
(4,430)
(287)
(4,717)
                       
Profit before other operating charges
3,912 
(1,169)
2,743 
  
3,378 
(63)
3,315 
  
4,693 
(887)
3,806 
Insurance net claims
(912)
- 
(912)
  
(1,182)
- 
(1,182)
  
(1,136)
- 
(1,136)
                       
Operating profit before impairment losses
3,000 
(1,169)
1,831 
  
2,196 
(63)
2,133 
  
3,557 
(887)
2,670 
Impairment losses
(1,947)
- 
(1,947)
  
(2,141)
- 
(2,141)
  
(2,675)
- 
(2,675)
                       
Operating profit/(loss)
1,053 
(1,169)
(116)
  
55 
(63)
(8)
  
882 
(887)
(5)
Fair value of own debt
(480)
480 
- 
  
582 
(582)
- 
  
(169)
169 
- 
Asset Protection Scheme credit default swap - fair value changes
(469)
469 
- 
  
(725)
725 
- 
  
(500)
500 
- 
Amortisation of purchased intangible assets
(44)
44 
- 
  
(96)
96 
- 
  
(65)
65 
- 
Integration and restructuring costs
(145)
145 
- 
  
(299)
299 
- 
  
(168)
168 
- 
Strategic disposals
(23)
23 
- 
  
502 
(502)
- 
  
53 
(53)
- 
Bonus tax
(11)
11 
- 
  
(15)
15 
- 
  
(54)
54 
- 
Write-down of goodwill and other intangible assets
- 
- 
- 
  
(10)
10 
- 
  
- 
- 
- 
RFS Holdings minority interest
3 
(3)
- 
  
(2)
2 
- 
  
16 
(16)
- 
                       
Loss before tax
(116)
- 
(116)
  
(8)
- 
(8)
  
(5)
- 
(5)
Tax (charge)/credit
(423)
- 
(423)
  
3 
- 
3 
  
(107)
- 
(107)
                       
Loss from continuing operations
(539)
- 
(539)
  
(5)
- 
(5)
  
(112)
- 
(112)
Profit from discontinued operations, net of tax
10 
- 
10 
  
55 
- 
55 
  
313 
- 
313 
                       
(Loss)/profit for the period
(529)
- 
(529)
  
50 
- 
50 
  
201 
- 
201 
Non-controlling interests
1 
- 
1 
  
(38)
- 
(38)
  
(344)
- 
(344)
Preference share and other dividends
- 
- 
- 
  
- 
- 
- 
  
(105)
- 
(105)
                       
(Loss)/profit attributable to ordinary and B shareholders
(528)
- 
(528)
  
12 
- 
12 
  
(248)
- 
(248)


 
 
 



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: 6 May 2011
 
THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
 
 
 
By:
/s/ Jan Cargill
 
 
Name:
Title:
Jan Cargill
Deputy Secretary