RBS 2007 Annual Report Download - page 155

153
RBS Group • Annual Report and Accounts 2007
Financial statements
Group
Loans and Treasury bills,
advances to banks debt securities Netting and
and customers and equity shares Derivatives Other(1) Total offset(2)
2006 £m £m £m £m £m £m
Europe
Central and local government 488 423 — 3 914 —
Manufacturing 4,067———4,067 —
Construction 2,751———2,751 —
Finance 6,067 1,938 860 49 8,914 7
Service industries and business activities 9,607 100 7 7 9,721 —
Agriculture, forestry and fishing 469 2 — — 471 —
Property 8,781 21 — — 8,802 —
Individuals
Home mortgages 13,661———13,661 —
Other 3,774———3,774 —
Finance leases and instalment credit 1,325———1,325 —
Interest accruals 221———221—
Total Europe 51,211 2,484 867 59 54,621 7
Rest of the World
Central and local government 185 921 16 — 1,122 1
Manufacturing 129 — 3 — 132 3
Construction 80———80—
Finance 6,116 6,652 106 7 12,881 2,271
Service industries and business activities 2,664 2 27 2 2,695 2
Agriculture, forestry and fishing 13———13—
Property 1,250 19 1 — 1,270 —
Individuals
Home mortgages 273———273—
Other 782———782—
Finance leases and instalment credit 10———10—
Interest accruals 44———44—
Total Rest of the World 11,546 7,594 153 9 19,302 2,277
Total
Central and local government 8,737 53,568 361 1,729 64,395 1,555
Manufacturing 23,297 772 1,075 49 25,193 4,595
Construction 13,288 163 191 3 13,645 1,458
Finance 172,431 84,197 111,532 5,750 373,910 121,718
Service industries and business activities 80,844 5,699 2,818 778 90,139 5,313
Agriculture, forestry and fishing 3,365 63 3 — 3,431 99
Property 67,115 601 671 11 68,398 1,310
Individuals
Home mortgages 119,048 — 1 — 119,049 —
Other 44,793 861 29 58 45,741 61
Finance leases and instalment credit 17,835 5 — — 17,840 189
Interest accruals 2,681 405 — — 3,086 2
553,434 146,334 116,681 8,378 824,827 136,300
Notes:
(1) Includes settlement balances of £7,425 million.
(2) This column shows the amount by which the Group’s credit risk exposure is reduced through arrangements, such as master netting agreements, which give the Group a legal
right to set-off the financial asset against a financial liability due to the same counterparty. In addition, the Group holds collateral in respect of individual loans and advances to
banks and to customers. This collateral includes mortgages over property (both personal and commercial); charges over business assets such as plant, inventories and trade
debtors; and guarantees of lending from parties other than the borrower. The Group obtains collateral in the form of securities in reverse repurchase agreements. Cash and
securities are received as collateral in respect of derivative transactions.