RBS 2003 Annual Report Download - page 207
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205
Annual Report and Accounts 2003
Additional information
Provisions for bad and doubtful debts
For a discussion of the factors considered in determining the amount of the provisions, see ‘Provisions’ on page 98 and ‘Critical
accounting polices – Provisions for bad and doubtful debts’ on page 57.
The following table shows the elements of provisions for bad and doubtful debts.
3 months
ended
31 December 31 December 30 September
2003 2002 2001 2000 1999 1999
£m £m £m £m £m £m
Provisions at the beginning of the period
Domestic 2,581 2,467 2,370 484 433 347
Foreign 1,346 1,186 783 332 304 286
3,927 3,653 3,153 816 737 633
Currency translation and other adjustments
Domestic (2) (4) 4 (1) — —
Foreign (60) (58) 13 43 2 10
(62) (62) 17 42 2 10
Acquisitions of businesses
Domestic — 11 83 1,871 2 —
Foreign 50 12 171 494 23 —
50 23 254 2,365 25 —
Amounts written-off
Domestic (1,097) (743) (645) (599) (35) (175)
Foreign (422) (293) (190) (185) (5) (51)
(1,519) (1,036) (835) (784) (40) (226)
Recoveries of amounts written-off in previous periods
Domestic 38 37 54 142 10 44
Foreign 34 26 26 22 3 10
72 63 80 164 13 54
Charged to profit and loss account
Domestic 932 813 601 473 74 217
Foreign 529 473 383 77 5 49
1,461 1,286 984 550 79 266
Provisions at the end of the period (1)
Domestic 2,452 2,581 2,467 2,370 484 433
Foreign 1,477 1,346 1,186 783 332 304
3,929 3,927 3,653 3,153 816 737
Gross loans and advances to customers
Domestic 167,377 145,274 127,650 116,310 41,045 38,248
Foreign 89,076 81,970 66,487 54,905 13,892 11,829
256,453 227,244 194,137 171,215 54,937 50,077
Closing customer provisions as a % of gross loans
and advances to customers (2)
Domestic 1.46% 1.78% 1.93% 2.04% 1.18% 1.13%
Foreign 1.65% 1.63% 1.77% 1.40% 2.39% 2.57%
Total 1.53% 1.72% 1.88% 1.83% 1.49% 1.47%
Customer charge against profit as a % of gross loans
and advances to customers
Domestic 0.56% 0.56% 0.47% 0.41% 0.72% 0.57%
Foreign 0.59% 0.58% 0.58% 0.14% 0.14% 0.41%
Total 0.57% 0.57% 0.51% 0.32% 0.58% 0.53%
Notes:
(1) Includes closing provisions against loans and advances to banks of £7 million (2002 – £7 million; 2001 – £8 million; 2000 – £14 million).
(2) Closing customer provisions exclude closing provisions against loans and advances to banks.