GE 2005 Annual Report Download - page 105

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(105)
Note 13
GECS Financing Receivables (investments in loans and financing leases)
December 31 (In millions) 2005
2004
Loans, net of deferred income $227,923
$220,593
Investment in financing leases, net of deferred income 64,309
67,754
292,232
288,347
Less allowance for losses (note 14) (4,593 ) (5,648)
Financing receivables – net $287,639
$282,699
Included in the above are the financing receivables of consolidated, liquidating securitization entities as follows:
December 31 (In millions) 2005 2004
Loans, net of deferred income $ 15,868 $ 20,728
Investment in financing leases, net of deferred income 769 2,125
16,637 22,853
Less allowance for losses (22) (5)
Financing receivables – net $ 16,615 $ 22,848
Details of financing receivables-net follow.
December 31 (In millions) 2005 2004
COMMERCIAL FINANCE
Equipment and leasing $70,851
$ 64,540
Commercial and industrial 41,402
39,481
Real estate 19,555
20,470
131,808
124,491
CONSUMER FINANCE
Non-U.S. residential mortgages 46,205
42,201
Non-U.S. installment and revolving credit 31,849
33,889
Non-U.S. auto 22,803
23,517
U.S. installment and revolving credit 21,963
21,385
Other 7,286
6,771
130,106
127,763
INFRASTRUCTURE(a)
19,124
20,991
OTHER(b)
11,194
15,102
292,232
288,347
Less allowance for losses (4,593 ) (5,648)
Total $287,639
$282,699
(a) Included loans and financing leases of $11,192 million and $13,562 million at December 31, 2005 and 2004, respectively, related to
commercial aircraft at Aviation Financial Services and loans and financing leases of $5,419 million and $4,659 million at December 31,
2005 and 2004, respectively, related to Energy Financial Services.
(b) Included loans and financing leases of $10,160 million and $13,759 million at December 31, 2005 and 2004, respectively, related to
certain consolidated, liquidating securitization entities.