(a) Profit from discontinued operations, net of tax
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
|
£m |
|
£m |
|
£m |
|
NWGH |
|
|
|
|
|
|
|
Interest income |
|
— |
|
— |
|
1 |
|
Interest expense |
|
(17) |
|
(4) |
|
(7) |
|
|
|
|
|
|
|
|
|
Net interest income |
|
(17) |
|
(4) |
|
(6) |
|
Other income |
|
99 |
|
146 |
|
412 |
|
|
|
|
|
|
|
|
|
Total income |
|
82 |
|
142 |
|
406 |
|
Operating expenses |
|
(724) |
|
(1,859) |
|
(2,868) |
|
|
|
|
|
|
|
|
|
Loss before impairment losses |
|
(642) |
|
(1,717) |
|
(2,462) |
|
Impairment losses |
|
— |
|
(6) |
|
(2) |
|
|
|
|
|
|
|
|
|
Operating loss before tax |
|
(642) |
|
(1,723) |
|
(2,464) |
|
Tax credit/(charge) |
|
7 |
|
(23) |
|
84 |
|
|
|
|
|
|
|
|
|
Loss from NWGH discontinued operations, net of tax |
|
(635) |
|
(1,746) |
|
(2,380) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UBIH |
|
|
|
|
|
|
|
Interest income |
|
— |
|
482 |
|
487 |
|
Interest expense |
|
— |
|
(72) |
|
(124) |
|
|
|
|
|
|
|
|
|
Net interest income |
|
— |
|
410 |
|
363 |
|
Other income |
|
— |
|
122 |
|
141 |
|
|
|
|
|
|
|
|
|
Total income |
|
— |
|
532 |
|
504 |
|
Operating expenses |
|
— |
|
(584) |
|
(341) |
|
|
|
|
|
|
|
|
|
(Loss)/profit before impairment losses |
|
— |
|
(52) |
|
163 |
|
Impairment losses |
|
— |
|
112 |
|
676 |
|
|
|
|
|
|
|
|
|
Operating profit before tax |
|
— |
|
60 |
|
839 |
|
Tax credit/(charge) |
|
— |
|
3 |
|
(3) |
|
|
|
|
|
|
|
|
|
Profit from UBIH discontinued operations, net of tax |
|
— |
|
63 |
|
836 |
|
|
|
|
|
|
|
|
Note:
|
(1) |
Other comprehensive loss from discontinued operations for the year ended 31 December 2017 was £67 million. |
(b) Operating cash flows attributable to discontinued operations
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
|
£m |
|
£m |
|
£m |
|
Net cash flows from operating activities |
|
(795) |
|
2,560 |
|
(2,724) |
|
Net cash flows from investing activities |
|
4 |
|
178 |
|
211 |
|
Net cash flows from financing activities |
|
502 |
|
(1,802) |
|
(5) |
|
Net increase in cash and cash equivalents |
|
(361) |
|
1,675 |
|
(2,463) |
(c) Assets and liabilities of disposal groups
|
|
|
2017 |
|
2016 |
|
|
|
£m |
|
£m |
|
Assets of disposal groups |
|
|
|
|
|
Cash and balances at central banks |
|
— |
|
249 |
|
Loans and advances to banks |
|
10,381 |
|
2,418 |
|
Loans and advances to customers |
|
8,838 |
|
18,922 |
|
Debt securities and equity shares |
|
4,062 |
|
2,953 |
|
Derivatives |
|
3 |
|
94 |
|
Property, plant and equipment |
|
168 |
|
67 |
|
Settlement balances |
|
1,011 |
|
— |
|
Other assets |
|
63 |
|
273 |
|
|
|
|
|
|
|
|
|
24,526 |
|
24,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities of disposal groups |
|
|
|
|
|
Deposits by banks |
|
3,168 |
|
1,309 |
|
Customer accounts |
|
13,976 |
|
16,113 |
|
Derivatives |
|
2 |
|
126 |
|
Debt securities in issue |
|
— |
|
1,179 |
|
Subordinated liabilities |
|
804 |
|
76 |
|
Settlement balances |
|
1,532 |
|
— |
|
Short positions |
|
2,436 |
|
— |
|
Provisions for liabilities and charges |
|
1,722 |
|
202 |
|
Other liabilities |
|
209 |
|
308 |
|
|
|
|
|
|
|
|
|
23,849 |
|
19,313 |
|
|
|
|
|
|