RBS 2005 Annual Report Download - page 202

200
Notes on the accounts
Notes on the accounts continued
Industry risk – geographical analysis
Group
Loans and Treasury bills,
advances to banks debt securities Netting and
and customers and equity shares Derivatives Other (1) Total offset (2)
2005 £m £m £m £m £m £m
UK
Central and local government 4,082 20,061 175 407 24,725 1,584
Manufacturing 14,861 462 1,088 — 16,411 3,829
Construction 8,389 53 126 — 8,568 1,655
Finance 99,123 49,532 66,132 2,129 216,916 84,330
Service industries and business activities 53,504 3,404 2,148 162 59,218 6,290
Agriculture, forestry and fishing 2,685 17 2 — 2,704 265
Property 41,074 401 1,123 — 42,598 3,157
Individuals
Home mortgages 65,286 — 3 — 65,289 2,690
Other 26,987 564 — 186 27,737 688
Finance leases and instalment credit 13,909 4 — — 13,913 —
Interest accruals 1,503 774 — — 2,277 —
Total UK 331,403 75,272 70,797 2,884 480,356 104,488
US
Central and local government 472 27,420 — 112 28,004 —
Manufacturing 3,369 89 91 — 3,549 6
Construction 730 30 8 — 768 —
Finance 33,811 24,672 21,023 3,818 83,324 22,059
Service industries and business activities 10,440 661 113 — 11,214 11
Agriculture, forestry and fishing 92 — — — 92 —
Property 5,215 5 39 — 5,259 15
Individuals
Home mortgages 34,783 922 — — 35,705 —
Other 14,396 — — — 14,396 —
Finance leases and instalment credit 2,973 — — — 2,973 —
Interest accruals 424 194 — — 618 2
Total US 106,705 53,993 21,274 3,930 185,902 22,093
Europe
Central and local government 297 301 — — 598 121
Manufacturing 6,429 — — — 6,429 891
Construction 2,382 — — — 2,382 1,931
Finance 8,259 2,214 450 8 10,931 4,988
Service industries and business activities 9,908 10 11 — 9,929 3,735
Agriculture, forestry and fishing 514 — — — 514 577
Property 5,078 49 — — 5,127 2,682
Individuals
Home mortgages 8,848 — — — 8,848 11,310
Other 3,585 105 — — 3,690 1,584
Finance leases and instalment credit 1,311 — — — 1,311 —
Interest accruals 115 26 — — 141 —
Total Europe 46,726 2,705 461 8 49,900 27,819
Rest of the World
Central and local government 243 1,709 1,379 — 3,331 —
Manufacturing 102 — 7 — 109 1
Construction 65 — — — 65 —
Finance 3,680 2,233 1,728 3 7,644 896
Service industries and business activities 1,610 24 17 — 1,651 —
Agriculture, forestry and fishing 3 — — — 3 —
Property 112 — — — 112 1
Individuals
Home mortgages 216 — — — 216 —
Other 792 — — — 792 —
Finance lease and instalment credit — — — — — —
Interest accruals 43 — — — 43 —
Total Rest of the World 6,866 3,966 3,131 3 13,966 898
(1) Includes settlement balances of £6,005 million.
(2) This column shows the amount by which exposures to counterparties are reduced by the existence of a legal right of set off (on the basis that the financial asset will be collected
in accordance with its terms) and under master netting arrangements. The credit risk of financial assets subject to a master netting arrangement is eliminated only to the extent
that financial liabilities due to the same counterparty will be settled after the assets are realised. The extent to which the Group's credit risk is reduced through a master netting
arrangement may change substantially within a short period following the balance sheet date because the exposure is affected by each transaction subject to the arrangement.
34 Financial instruments (continued)