							Consolidation		RBSG
	RBSG plc		NWM Plc		Subsidiaries		adjustments		Group
For the six months ended 30 June 2018	£m		£m		£m		£m		£m

Net interest income	(136	)	(72	)	3,468		1,066		4,326
Non-interest income	33,980		62		1,459		(33,125	)	2,376

Total income	33,844		(10	)	4,927		(32,059	)	6,702

Operating expenses	(60	)	(627	)	(2,756	)	(1,292	)	(4,735	)
Impairment losses	(4	)	(13	)	(69	)	(55	)	(141	)

Operating profit/(loss) before tax	33,780		(650	)	2,102		(33,406	)	1,826
Tax credit/(charge)	34		37		(621	)	(191	)	(741	)

Profit/(loss) from continuing operations	33,814		(613	)	1,481		(33,597	)	1,085
Profit/(loss) from discontinued operations, net of tax	—		262		—		(262	)	—

Profit/(loss) for the period	33,814		(351	)	1,481		(33,859	)	1,085


Attributable to:
Non-controlling interests	—		—		1		(17	)	(16	)
Preference shareholders	74		—		—		—		74
Paid-in equity holders	139		—		—		—		139
Ordinary shareholders	33,601		(351	)	1,480		(33,842	)	888

	33,814		(351	)	1,481		(33,859	)	1,085

Statement of comprehensive income

							Consolidation		RBSG
	RBSG plc		NWM Plc		Subsidiaries		adjustments		Group
For the six months ended 30 June 2018	£m		£m		£m		£m		£m
Profit/(loss) for the period	33,814		(351	)	1,481		(33,859	)	1,085

Items that do not qualify for reclassification
Funding commitment to retirement benefit schemes	—		—		(2,000	)	—		(2,000	)
Changes in fair value of credit in financial liabilities designated at fair value through profit	—		59		36		—		95
Fair value through other comprehensive income	—		—		(3	)	6		3
Tax (charge)/credit	—		(16	)	516		—		500

	—		43		(1,451	)	6		(1,402	)

Items that do qualify for reclassification
Fair value through other comprehensive income	—		(323	)	532		(10	)	199
Cash flow hedges	28		234		(433	)	(350	)	(521	)
Currency translation	—		56		(393	)	355		18
Tax (charge)/credit	(5	)	27		(20	)	95		97

	23		(6	)	(314	)	90		(207	)

Other comprehensive income/(loss) after tax	23		37		(1,765	)	96		(1,609	)
Total comprehensive income/(loss) for the period	33,837		(314	)	(284	)	(33,763	)	(524	)


Total comprehensive income/(loss) attributable to:
Non-controlling interests	—		—		2		(31	)	(29	)
Preference shareholders	74		—		—		—		74
Paid-in equity holders	139		—		—		—		139
Ordinary shareholders	33,624		(314	)	(276	)	(33,742	)	(708	)

	33,837		(314	)	(274	)	(33,773	)	(524	)

Income statement

							Consolidation		RBSG
	RBSG plc		NWM Plc		Subsidiaries		adjustments (1)		Group
For the six months ended 30 June 2017	£m		£m		£m		£m		£m
Net interest income	105		(34	)	3,063		1,338		4,472
Non-interest income	37		953		864		593		2,447

Total income	142		919		3,927		1,931		6,919

Operating expenses	(78	)	(779	)	(1,753	)	(2,242	)	(4,852	)
Impairment releases/(losses)	—		22		(91	)	(47	)	(116	)

Operating profit/(loss) before tax	64		162		2,083		(358	)	1,951
Tax charge	(19	)	(100	)	(441	)	(167	)	(727	)

Profit/(loss) from continuing operations	45		62		1,642		(525	)	1,224
Profit/(loss) from discontinued operations, net of tax	—		395		(1	)	(394	)	—

Profit/(loss) for the period	45		457		1,641		(919	)	1,224


Attributable to:
Non-controlling interests	—		—		2		27		29
Preference shareholders	85		—		—		—		85
Paid-in equity holders	167		—		—		4		171
Ordinary shareholders	(207	)	457		1,639		(950	)	939

	45		457		1,641		(919	)	1,224

Statement of comprehensive income

							Consolidation		RBSG
	RBSG plc		NWM Plc		Subsidiaries		adjustments		Group
For the six months ended 30 June 2017	£m		£m		£m		£m		£m
Profit/(loss) for the period	45		457		1,641		(919	)	1,224

Items that do not qualify for reclassification
Loss on remeasurement of retirement benefit schemes	—		—		(26	)	—		(26	)
Changes in fair value of credit in financial liabilities designated at fair value through profit	—		(45	)	(32	)	—		(77	)
Tax (charge)/credit	—		(13	)	5		—		(8	)

	—		(58	)	(53	)	—		(111	)

Items that do qualify for reclassification
Available-for-sale financial assets	—		30		(312	)	311		29
Cash flow hedges	(111	)	(224	)	(2	)	(274	)	(611	)
Currency translation	—		(46	)	313		(164	)	103
Tax credit	21		52		16		72		161

	(90	)	(188	)	15		(55	)	(318	)

Other comprehensive loss after tax	(90	)	(246	)	(38	)	(55	)	(429	)
Total comprehensive (loss)/income for the period	(45	)	211		1,603		(974	)	795


Total comprehensive (loss)/income attributable to:
Non-controlling interests	—		—		—		49		49
Preference shareholders	85		—		—		—		85
Paid-in equity holders	167		—		—		4		171
Ordinary shareholders	(297	)	211		1,603		(1,027	)	490

	(45	)	211		1,603		(974	)	795

Balance sheet

				Consolidation		RBSG
	RBSG plc	NWM Plc	Subsidiaries	adjustments		Group
At 30 June 2018	£m	£m	£m	£m		£m
Assets
Cash and balances at central banks	—	93	102,269	228		102,590
Loans and advances to banks	13,271	37,430	2,443	(25,305	)	27,839
Loans and advances to customers	16,556	43,151	304,175	(14,744	)	349,138
Debt securities	230	37,606	58,354	(3,921	)	92,269
Equity shares	3	56	354	168		581
Investments in Group undertakings	47,559	376	1,816	(49,751	)	—
Settlement balances	—	7,747	1,557	(979	)	8,325
Derivatives	436	154,469	2,471	(6,240	)	151,136
Intangible assets	—	—	6,272	298		6,570
Property, plant and equipment	—	2	4,034	334		4,370
Deferred tax	—	—	2,152	(337	)	1,815
Prepayments, accrued income and other assets	33,901	677	3,486	(34,444	)	3,620
Assets of disposals groups	—	70,275	83	(70,275	)	83

Total assets	111,956	351,882	489,466	(204,968	)	748,336


Liabilities
Deposits by banks	—	22,765	23,110	2,835		48,710
Customer accounts	—	41,253	402,346	(41,799	)	401,800
Debt securities in issue	14,155	15,790	7,412	(634	)	36,723
Settlement balances	—	7,090	1,683	(974	)	7,799
Short positions	—	32,552	2,833	(344	)	35,041
Derivatives	454	145,618	4,581	(6,964	)	143,689
Provisions for liabilities and charges	72	2,335	4,585	3		6,995
Accruals, deferred income and other liabilities	236	34,486	5,927	(34,808	)	5,841
Retirement benefit liabilities	—	53	2,063	14		2,130
Deferred tax	35	333	460	(327	)	501
Subordinated liabilities	8,016	6,467	2,043	(5,924	)	10,602
Liabilities of disposal groups	—	32,564	14	(32,564	)	14

Total liabilities	22,968	341,306	457,057	(121,486	)	699,845


Non-controlling interests	—	—	59	675		734
Owners’ equity	88,988	10,576	32,350	(84,157	)	47,757

Total equity	88,988	10,576	32,409	(83,482	)	48,491

Total liabilities and equity	111,956	351,882	489,466	(204,968	)	748,336

Balance sheet

					Consolidation		RBSG
	RBSG plc	NWM Plc	Subsidiaries		adjustments		Group
At 31 December 2017	£m	£m	£m		£m		£m
Assets
Cash and balances at central banks	—	93	36,707		61,537		98,337
Loans and advances to banks	14,503	18,814	7,647		(10,713	)	30,251
Loans and advances to customers	10,480	45,658	203,988		89,793		349,919
Debt securities	104	27,334	8,317		43,178		78,933
Equity shares	3	50	244		153		450
Investments in Group undertakings	47,559	496	320		(48,375	)	—
Settlement balances	—	1,640	938		(61	)	2,517
Derivatives	163	162,005	3,101		(4,426	)	160,843
Intangible assets	—	—	531		6,012		6,543
Property, plant and equipment	—	5	3,221		1,376		4,602
Deferred tax	—	165	1,361		214		1,740
Prepayments, accrued income and other assets	50	591	2,325		760		3,726
Assets of disposals groups	—	269,038	195		(269,038	)	195

Total assets	72,862	525,889	268,895		(129,590	)	738,056


Liabilities
Deposits by banks	—	18,304	(72,131	)	100,725		46,898
Customer accounts	—	37,097	303,086		57,853		398,036
Debt securities in issue	9,202	12,362	1,137		7,858		30,559
Settlement balances	—	1,411	1,477		(44	)	2,844
Short positions	—	26,207	2,552		(232	)	28,527
Derivatives	284	155,098	3,289		(4,165	)	154,506
Provisions for liabilities and charges	127	2,230	3,354		2,046		7,757
Accruals, deferred income and other liabilities	165	479	3,629		2,119		6,392
Retirement benefit liabilities	—	52	59		18		129
Deferred tax	146	100	443		(106	)	583
Subordinated liabilities	7,977	—	(3,523	)	8,268		12,722
Liabilities of disposal groups	—	228,027	10		(228,027	)	10

Total liabilities	17,901	481,367	243,382		(53,687	)	688,963


Non-controlling interests	—	—	131		632		763
Owners’ equity	54,961	44,522	25,382		(76,535	)	48,330
							(
Total equity	54,961	44,522	25,513		(75,903	)	49,093

Total liabilities and equity	72,862	525,889	268,895		(129,590	)	738,056

Cash flow statement

							Consolidation		RBSG
	RBSG plc		NWM Plc		Subsidiaries		adjustments		Group
For the six months ended 30 June 2018	£m		£m		£m		£m		£m
Net cash flows from operating activities	273		25,094		(17,109	)	1,540		9,798
Net cash flows from investing activities	—		(617	)	(51,681	)	48,529		(3,769	)
Net cash flows from financing activities	(345	)	(1,082	)	(1,925	)	1,045		(2,307	)
Effects of exchange rate changes on cash and cash equivalents	(1	)	708		(192	)	(477	)	38

Net (decrease)/increase in cash and cash equivalents	(73	)	24,103		(70,907	)	50,637		3,760
Cash and cash equivalents at 1 January 2018	245		13,058		196,214		(86,912	)	122,605

Cash and cash equivalents at 30 June 2018	172		37,161		125,307		(36,275	)	126,365


For the six months ended 30 June 2017
Net cash flows from operating activities	2,245		18,024		10,724		(674	)	30,319
Net cash flows from investing activities	(2,179	)	(1,781	)	3,531		(5,890	)	(6,319	)
Net cash flows from financing activities	(716	)	(4,032	)	(820	)	754		(4,814	)
Effects of exchange rate changes on cash and cash equivalents	(9	)	7		(566	)	504		(64	)

Net (decrease)/increase in cash and cash equivalents	(659	)	12,218		12,869		(5,306	)	19,122
Cash and cash equivalents at 1 January 2017	1,195		99,073		89,431		(91,129	)	98,570

Cash and cash equivalents at 30 June 2017	536		111,291		102,300		(96,435	)	117,692