RBS 2004 Annual Report Download - page 209
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section
04
207
Annual Report and Accounts 2004
Additional information
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 101 and ‘Critical
accounting polices – Provisions for bad and doubtful debts’ on page 61.
The following table shows the elements of provisions for bad and doubtful debts.
2004 2003 2002 2001 2000
£m £m £m £m £m
Provisions at the beginning of the period
Domestic 2,452 2,581 2,467 2,370 484
Foreign 1,477 1,346 1,186 783 332
3,929 3,927 3,653 3,153 816
Currency translation and other adjustments
Domestic (8) (2) (4) 4 (1)
Foreign (90) (60) (58) 13 43
(98) (62) (62) 17 42
Acquisitions of businesses
Domestic 2 — 11 83 1,871
Foreign 288 50 12 171 494
290 50 23 254 2,365
Amounts written-off
Domestic (920) (1,097) (743) (645) (599)
Foreign (548) (422) (293) (190) (185)
(1,468) (1,519) (1,036) (835) (784)
Recoveries of amounts written-off in previous periods
Domestic 88 38 37 54 142
Foreign 59 34 26 26 22
147 72 63 80 164
Charged to profit and loss account
Domestic 986 932 813 601 473
Foreign 442 529 473 383 77
1,428 1,461 1,286 984 550
Provisions at the end of the period (1)
Domestic 2,600 2,452 2,581 2,467 2,370
Foreign 1,628 1,477 1,346 1,186 783
4,228 3,929 3,927 3,653 3,153
Gross loans and advances to customers
Domestic 196,588 167,377 145,274 127,650 116,310
Foreign 153,103 89,076 81,970 66,487 54,905
349,691 256,453 227,244 194,137 171,215
Closing customer provisions as a % of gross loans
and advances to customers (2)
Domestic 1.32% 1.46% 1.78% 1.93% 2.04%
Foreign 1.06% 1.65% 1.63% 1.77% 1.40%
Total 1.21% 1.53% 1.72% 1.88% 1.83%
Customer charge against profit as a % of gross loans
and advances to customers
Domestic 0.50% 0.56% 0.56% 0.47% 0.41%
Foreign 0.29% 0.59% 0.58% 0.58% 0.14%
Total 0.41% 0.57% 0.57% 0.51% 0.32%
Notes:
(1) Includes closing provisions against loans and advances to banks of £6 million (2003 – £7 million; 2002 – £7 million; 2001 – £8 million; 2000 – £14 million).
(2) Closing customer provisions exclude closing provisions against loans and advances to banks.