GE 2005 Annual Report Download - page 108

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(108)
Note 14
GECS Allowance for Losses on Financing Receivables
(In millions) 2005 2004 2003
BALANCE AT JANUARY 1
Commercial Finance $1,562 $1,952 $2,407
Consumer Finance 3,473 3,984 2,782
Infrastructure
583 293 258
Other
30 27 53
5,648 6,256 5,500
PROVISION CHARGED TO OPERATIONS
Commercial Finance 293 327 874
Consumer Finance 3,337 3,219 2,808
Infrastructure
210 325 28
Other
1 17 42
3,841 3,888 3,752
OTHER ADDITIONS (REDUCTIONS) (487) (74 ) 679
GROSS WRITE-OFFS
Commercial Finance (892) (928 ) (1,312)
Consumer Finance(a)
(4,447) (4,423 ) (3,114)
Infrastructure
(572) (27 ) (24)
Other
(48) (74 ) (73)
(5,959) (5,452 ) (4,523)
RECOVERIES
Commercial Finance 180 161 124
Consumer Finance 1,359 846 710
Infrastructure
–
2 2
Other
11 21 12
1,550 1,030 848
BALANCE AT DECEMBER 31
Commercial Finance 1,110 1,562 1,952
Consumer Finance 3,234 3,473 3,984
Infrastructure
220 583 293
Other
29 30 27
Total $4,593 $5,648 $6,256
(a) Included $889 million in 2004 related to the standardization of our write-off policy.
See note 13 for amounts related to consolidated, liquidating securitization entities.