RBS 2007 Annual Report Download - page 220
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Amounts in accordance with IFRS (continued)
Loan impairment provisions (continued)
The following table shows additional information in respect of the loan impairment provisions.
IFRS
2007 2006 2005 2004
£m £m £m £m
Loans and advances to customers (gross) 835,688 470,826 421,110 351,419
Loan impairment provisions at end of year:
– customers 6,438 3,933 3,884
– banks 3 23
Specific provisions – customers 3,607
Specific provisions – banks 6
General provision 561
6,441 3,935 3,887 4,174
Average loans and advances to customers (gross) 567,900 445,766 402,473 299,430
As a % of average loans and advances to customers during the year:
Total customer provisions charged to income statement 0.37% 0.42% 0.42% 0.47%
Amounts written-off (net of recoveries) – customers 0.31% 0.36% 0.46% 0.44%
Analysis of closing loan impairment provisions
The following table analyses customer loan impairment provisions by geographical area and type of domestic customer.
IFRS
2007 2006 2005 2004
% of loans % of loans % of loans % of loans
Closing to total Closing to total Closing to total Closing to total
provision loans provision loans provision loans provision loans
£m % £m % £m % £m %
Domestic
Central and local government — 0.4 — 1.4 — 0.8 — 0.6
Manufacturing 93 1.6 94 2.4 138 2.8 127 1.8
Construction 75 1.2 63 1.8 74 1.7 71 1.4
Finance 52 8.4 33 5.3 104 6.4 54 7.0
Service industries and business activities 562 6.5 647 9.3 647 9.7 516 8.8
Agriculture, forestry and fishing 21 0.3 25 0.6 26 0.6 23 0.7
Property 85 6.0 70 8.3 63 7.8 64 7.5
Individuals – home mortgages 36 8.8 37 15.1 36 15.5 32 16.4
– other 2,043 3.4 1,826 5.9 1,513 6.3 1,277 7.5
Finance leases and instalment credit 132 1.9 103 3.0 88 3.3 122 3.7
Accrued interest — 0.3 — 0.3 — 0.3
Total domestic 3,099 38.8 2,898 53.4 2,689 55.2 2,286 55.4
Foreign 2,289 61.2 442 46.6 652 44.8 1,321 44.6
Impaired book provisions 5,388 100.00 3,340 100.0 3,341 100.0 100.0
Latent book provisions 1,050 593 543
Specific provisions 3,607
General provision 561
Total provisions 6,438 3,933 3,884 4,168
RBS Group • Annual Report and Accounts 2007
218
Additional information continued
Additional information