RBS 2007 Annual Report Download - page 228

RBS Group • Annual Report and Accounts 2007
226
Additional information continued
Additional information
Amounts in accordance with UK GAAP (continued)
Provisions for bad and doubtful debts
The following table shows the elements of provisions for bad and doubtful debts under UK GAAP.
UK GAAP
2004 2003
£m £m
Provisions at the beginning of the year
Domestic 2,452 2,581
Foreign 1,477 1,346
3,929 3,927
Currency translation and other adjustments
Domestic (8) (2)
Foreign (90) (60)
(98) (62)
Acquisitions of businesses
Domestic 2—
Foreign 288 50
290 50
Amounts written-off
Domestic (920) (1,097)
Foreign (548) (422)
(1,468) (1,519)
Recoveries of amounts written-off in previous years
Domestic 88 38
Foreign 59 34
147 72
Charged to profit and loss account
Domestic 986 932
Foreign 442 529
1,428 1,461
Provisions at the end of the year (1)
Domestic 2,600 2,452
Foreign 1,628 1,477
4,228 3,929
Gross loans and advances to customers
Domestic 196,589 167,377
Foreign 153,102 89,076
349,691 256,453
Closing customer provisions as a % of gross loans and advances to customers (2)
Domestic 1.32% 1.46%
Foreign 1.06% 1.65%
Total 1.21% 1.53%
Customer charge against profit as a % of gross loans and advances to customers
Domestic 0.50% 0.56%
Foreign 0.29% 0.59%
Total 0.41% 0.57%
Notes:
(1) Includes closing provisions against loans and advances to banks of £6 million in 2004 (2003 – £7 million).
(2) Closing customer provisions exclude closing provisions against loans and advances to banks.