RBS 2007 Annual Report Download - page 157

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RBS Group • Annual Report and Accounts 2007
Financial statements
The following table shows financial and non-financial assets, recognised on the Group's balance sheet, obtained during the year by
taking possession of collateral or calling on other credit enhancements.
2007 2006
Group £m £m
Residential property 32 12
Other property 8 —
Cash 18 9
Other assets 5 3
63 24
In general, the Group seeks to dispose of property and other assets obtained by taking possession of collateral that are not readily
convertible into cash as rapidly as the market for the individual asset permits.
The following loans and advances to customers were past due at the balance sheet date but not considered impaired:
Group
Past due
Past due Past due Past due 90 days
1-29 days 30-59 days 60-89 days or more Total
£m £m £m £m £m
2007 8,768 2,745 1,354 369 13,236
2006 6,254 1,300 665 105 8,324
These balances include loans and advances to customers that are past due through administrative and other delays in recording
payments or in finalising documentation and other events unrelated to credit quality.
Loans that have been renegotiated in the past 12 months that would otherwise have been past due or impaired amounted to
£930 million as at 31 December 2007 (2006 – £744 million).