Business
NWG H1 23 Interim Management Statement-Part 2 of 2
NWG H1 23 Interim Management Statement-Part 2 of 2.
About this update from Natwest Group Plc
[{"type":"text","content":"\n\nCondensed consolidated income statement\nfor the period ended 30 June 2023 (unaudited)\n\n\n\n\n \n\n\n\n\n\nHalf year ended\n\n\n\n\n \n\n\n\n\n\n30 June\n\n\n30 June\n\n\n\n\n \n\n\n\n\n\n2023\n\n\n2022\n\n\n\n\n \n\n\n \n\n\n£m\n\n\n£m\n\n\n\n\nInterest receivable\n\n\n\n\n\n9,482\n\n\n5,250\n\n\n\n\nInterest payable\n\n\n\n\n\n(3,756)\n\n\n(916)\n\n\n\n\nNet interest income\n\n\n\n\n\n5,726\n\n\n4,334\n\n\n\n\nFees and commissions receivable\n\n\n\n\n\n1,459\n\n\n1,424\n\n\n\n\nFees and commissions payable\n\n\n\n\n\n(315)\n\n\n(300)\n\n\n\n\nIncome from trading activities\n\n\n\n\n\n418\n\n\n709\n\n\n\n\nOther operating income\n\n\n\n\n\n439\n\n\n52\n\n\n\n\nNon-interest income\n\n\n\n\n\n2,001\n\n\n1,885\n\n\n\n\nTotal income\n\n\n\n\n\n7,727\n\n\n6,219\n\n\n\n\nStaff costs\n\n\n\n\n\n(2,005)\n\n\n(1,808)\n\n\n\n\nPremises and equipment\n\n\n\n\n\n(570)\n\n\n(534)\n\n\n\n\nOther administrative expenses\n\n\n\n\n\n(871)\n\n\n(898)\n\n\n\n\nDepreciation and amortisation\n\n\n\n\n\n(469)\n\n\n(413)\n\n\n\n\nOperating expenses\n\n\n\n\n\n(3,915)\n\n\n(3,653)\n\n\n\n\nProfit before impairment losses/releases\n\n\n\n\n\n3,812\n\n\n2,566\n\n\n\n\nImpairment (losses)/releases\n\n\n\n\n\n(223)\n\n\n54\n\n\n\n\nOperating profit before tax\n\n\n\n\n\n 3,589 \n\n\n2,620\n\n\n\n\nTax charge\n\n\n\n\n\n (1,061)\n\n\n(795)\n\n\n\n\nProfit from continuing operations\n\n\n\n\n\n 2,528 \n\n\n1,825\n\n\n\n\n(Loss)/profit from discontinued operations, net of tax (2)\n\n\n\n\n\n (108)\n\n\n190\n\n\n\n\nProfit for the period\n\n\n\n\n\n 2,420 \n\n\n2,015\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nAttributable to:\n\n\n\n\n\n \n\n\n\n\n\n\n\nOrdinary shareholders\n\n\n\n\n\n2,299\n\n\n1,891\n\n\n\n\nPaid-in equity holders\n\n\n\n\n\n121\n\n\n121\n\n\n\n\nNon-controlling interests\n\n\n\n\n\n-\n\n\n3\n\n\n\n\n\n\n\n\n\n\n2,420\n\n\n2,015\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nEarnings per ordinary share - continuing operations\n\n\n\n\n\n25.4p\n\n\n16.8p\n\n\n\n\nEarnings per ordinary share - discontinued operations\n\n\n\n\n\n(1.1p)\n\n\n1.9p\n\n\n\n\nTotal earnings per share attributable to ordinary shareholders - basic\n\n\n\n\n\n24.3p\n\n\n18.7p\n\n\n\n\nEarnings per ordinary share - fully diluted continuing operations\n\n\n\n\n\n25.2p\n\n\n16.7p\n\n\n...