14th Mar 2005 15:10
Royal Bank of Scotland Group PLC14 March 2005 THE ROYAL BANK OF SCOTLAND GROUP plc SUBMISSION TO THE DOCUMENT VIEWING FACILITY AND ANNUAL REPORT AND ACCOUNTS 2004 In accordance with sections 9.31(a) and 9.32 of the UK Listing Authority rules,The Royal Bank of Scotland Group plc has today submitted to the Document ViewingFacility the circular Letter to Shareholders (including notice for the AnnualGeneral Meeting) and supporting documentation. The 2004 Annual Report and Accounts is being mailed to shareholders today and isalso available on the Group's website. Shareholders should note that the websitehas been changed to www.rbs.com The Group's Annual Report on Form 20-F will be filed with the US Securities andExchange Commission this week. Note 53 of the Report and Accounts on page 190 shows a reconciliation betweenconsolidated shareholders' equity under UK GAAP and under US GAAP in more detailthan that shown on page 48 of the Preliminary Statement of Annual Results forthe year end 31 December 2004 published on 24 February 2005. The PreliminaryStatement contained an error in the reconciliation for 2004 and the correcteddata, extracted from the Report and Accounts, is shown below. The Group's UK andUS GAAP results for the period are unaffected by this change and there is noimpact on any other data in the Preliminary Statement. Reconciliation between UK and US GAAP The following table summarises the significant adjustments, which would resultfrom the application of US generally accepted accounting principles ('US GAAP')instead of UK GAAP. 2004 2003Consolidated shareholders' equity £m £m Shareholders' funds - UK GAAP 31,865 26,098Goodwill 3,002 2,222Proposed dividend 1,308 1,059Software development costs 399 660Pension costs 190 2,828Taxation (108) (1,020)Others (net) (465) (182) _______ _______Shareholders' equity - US GAAP 36,191 31,665 _______ _______ Contacts Richard O'Connor Head of Investor Relations 0207 672 1758 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L