RBS 2003 Annual Report Download - page 208

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Additional information continued
Additional information
Provisions for bad and doubtful debts (continued)
The following table presents additional information with respect to the provisions for bad and doubtful debts.
31 December 30 September
2003 2002 2001 2000 1999
£m £m £m £m £m
Loans and advances to customers (gross) 256,453 227,244 194,137 171,215 50,077
Provisions at end of period:
Specific provisions – customers 3,356 3,323 3,031 2,571 567
Specific provisions – banks 7 7 8 14 —
General provision 566 597 614 568 170
3,929 3,927 3,653 3,153 737
Customer provision at end of period as % of loans and
advances to customers at end of period:
Specific provisions 1.31% 1.46% 1.56% 1.50% 1.13%
General provision 0.22% 0.26% 0.32% 0.33% 0.34%
1.53% 1.72% 1.88% 1.83% 1.47%
Average loans and advances to customers (gross) 245,798 211,206 181,584 142,288 45,807
As a % of average loans and advances to customers during the period:
Total customer provisions charged to profit and loss 0.59% 0.61% 0.54% 0.39% 0.58%
Amounts written-off (net of recoveries) – customers 0.59% 0.46% 0.42% 0.44% 0.38%
Analysis of closing provisions for bad and doubtful debts
The following table analyses customer provisions for bad and doubtful debts by geographical area and type of domestic customer.
31 December 30 September
2003 2002 2001 2000 1999
% of loans % of loans % of loans % of loans % of loans
Closing to total Closing to total Closing to total Closing to total Closing to total
provision loans provision loans provision Loans provision loans provision loans
£m % £m % £m % £m % £m %
Domestic
Central and local government — 0.5 — 0.6 — 0.4 — 1.1 — 0.3
Manufacturing 156 2.5 205 3.2 209 3.8 148 4.0 16 5.4
Construction 56 1.5 65 1.5 72 1.6 77 1.5 8 1.3
Finance 34 7.4 71 5.5 73 4.4 75 5.8 4 5.8
Service industries and business activities 599 11.4 699 11.5 627 12.9 665 12.2 124 16.1
Agriculture, forestry and fishing 20 1.0 29 1.1 31 1.2 33 1.4 3 1.4
Property 58 7.7 40 7.0 39 6.3 55 6.1 11 7.3
Individuals – home mortgages 35 18.8 60 18.5 53 19.1 35 19.0 22 19.1
Individuals – other 1,003 9.9 855 9.8 855 10.3 797 10.5 167 12.5
Finance leases and instalment credit 136 4.6 208 5.2 164 5.8 149 6.3 12 7.2
Total domestic 2,097 65.3 2,232 63.9 2,123 65.8 2,034 67.9 367 76.4
Foreign 1,259 34.7 1,091 36.1 908 34.2 537 32.1 200 23.6
Specific provisions 3,356 100.0 3,323 100.0 3,031 100.0 2,571 100.0 567 100.0
General provision 566 597 614 568 170
Total provisions 3,922 3,920 3,645 3,139 737