GE 2011 Annual Report Download - page 126
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124 GE 2011 ANNUAL REPORT
Real Estate
FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES
The following table provides further information about general
and specifi c reserves related to Real Estate fi nancing receivables.
REAL ESTATE
Financing receivables
December 31 (In millions) 2011 2010
Debt $24,501 $30,249
Business Properties 8,248 9,962
Total Real Estate financing receivables,
before allowance for losses $32,749 $40,211
Non-impaired financing receivables $24,002 $30,394
General reserves 267 338
Impaired loans 8,747 9,817
Specific reserves 822 1,150
PAST DUE FINANCING RECEIVABLES
The following table displays payment performance of Real Estate
fi nancing receivables.
REAL ESTATE
2011 2010
December 31
Over 30 days
past due
Over 90 days
past due
Over 30 days
past due
Over 90 days
past due
Debt 2.4% 2.3% 4.3% 4.1%
Business Properties 3.9 3.0 4.6 3.9
Total 2.8 2.5 4.4 4.0
NONACCRUAL FINANCING RECEIVABLES
The following table provides further information about Real Estate fi nancing receivables that are classifi ed as nonaccrual. Of our
$6,949 million and $9,719 million of nonaccrual fi nancing receivables at December 31, 2011 and December 31, 2010, respectively,
$6,061 million and $7,888 million are currently paying in accordance with their contractual terms, respectively.
REAL ESTATE
Nonaccrual financing
receivables
Nonearning financing
receivables
December 31 (Dollars in millions) 2011 2010 2011 2010
Debt $6,351 $9,039 $541 $ 961
Business Properties 598 680 249 386
Total $6,949 $9,719 $790 $1,347
Allowance for losses percentage 15.7% 15.3% 137.8% 110.5%
IMPAIRED LOANS
The following table provides information about loans classifi ed as impaired and specifi c reserves related to Real Estate.
REAL ESTATE
(a)
With no specific allowance With a specific allowance
December 31 (In millions)
Recorded
investment
in loans
Unpaid
principal
balance
Average
investment
in loans
Recorded
investment
in loans
Unpaid
principal
balance
Associated
allowance
Average
investment
in loans
2011
Debt $3,558 $3,614 $3,568 $4,560 $4,652 $ 717 $5,435
Business Properties 232 232 215 397 397 105 460
Total $3,790 $3,846 $3,783 $4,957 $5,049 $ 822 $5,895
2010
Debt $2,814 $2,873 $1,598 $6,323 $6,498 $1,007 $6,116
Business Properties 191 213 141 489 476 143 382
Total $3,005 $3,086 $1,739 $6,812 $6,974 $1,150 $6,498
(a) We recognized $399 million and $189 million of interest income, including $339 million and $189 million on a cash basis, for the years ended December 31, 2011 and 2010,
respectively, principally in our Real Estate-Debt portfolio. The total average investment in impaired loans for the years ended December 31, 2011 and 2010 was
$9,678 million and $8,237 million, respectively.