RBS 2007 Annual Report Download - page 219
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Loan impairment provisions
For a discussion of the factors considered in determining the amount of the provisions, see ‘Loan impairment’ on page 77 and
‘Critical accounting polices – Loan impairment provisions’ on pages 131 and 132.
The following table shows the elements of loan impairment provisions.
IFRS
2007 2006 2005 2004
£m £m £m £m
Provisions at the beginning of the year
Domestic 3,037 2,759 2,675 2,408
Foreign 898 1,128 1,470 1,477
3,935 3,887 4,145 3,885
Currency translation and other adjustments
Domestic 5 (17) (7) (8)
Foreign 132 (44) 58 (90)
137 (61) 51 (98)
Acquisitions of businesses
Domestic 10 —— 2
Foreign 2,200 — — 288
2,210 — — 290
Amounts written-off
Domestic (1,222) (1,360) (1,252) (901)
Foreign (949) (481) (788) (548)
(2,171) (1,841) (2,040) (1,449)
Recoveries of amounts written-off in previous years
Domestic 158 119 97 85
Foreign 232 96 75 59
390 215 172 144
Charged to income statement
Domestic 1,420 1,663 1,376 960
Foreign 686 214 327 442
2,106 1,877 1,703 1,402
Unwind of discount
Domestic (150) (127) (130) —
Foreign (16) (15) (14) —
(166) (142) (144) —
Provisions at the end of the year (1)
Domestic 3,258 3,037 2,759 2,546
Foreign 3,183 898 1,128 1,628
6,441 3,935 3,887 4,174
Gross loans and advances to customers
Domestic 324,046 251,522 232,319 194,654
Foreign 511,642 219,304 188,791 156,765
835,688 470,826 421,110 351,419
Closing customer provisions as a % of gross loans and advances to customers (2)
Domestic 1.00% 1.21% 1.19% 1.31%
Foreign 0.62% 0.41% 0.60% 1.04%
Total 0.77% 0.84% 0.92% 1.19%
Customer charge to income statement as a % of gross loans and advances to customers
Domestic 0.44% 0.66% 0.59% 0.49%
Foreign 0.13% 0.10% 0.17% 0.28%
Total 0.25% 0.40% 0.40% 0.40%
Notes:
(1) Includes closing provisions against loans and advances to banks of £3 million (2006 – £2 million; 2005 – £3 million; 2004 – £6 million).
(2) Closing customer provisions exclude closing provisions against loans and advances to banks.
217
RBS Group • Annual Report and Accounts 2007
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