RBS 2008 Annual Report Download - page 271

RBS Group Annual Report and Accounts 2008270
Additional information continued
2008 2007 2006
£m £m £m
United States 91,544 91,653 43,718
France 58,251 65,430 18,136
Germany 40,812 51,123 20,130
Spain 36,441 31,651 9,341
Netherlands 34,283 27,707 12,407
Republic of Ireland 18,662 17,736 8,530
Cayman Islands 18,126 17,099 9,063
Japan * 31,922 7,725
Italy * 23,925 7,506
Norway * * 7,768
Switzerland * * 7,262
China * * 6,574
* Less than 0.75% of Group total assets.
Amounts in accordance with IFRS (continued)
Analysis of loans and advances to customers – IFRS
The following table analyses loans and advances to customers before provisions by remaining maturity, geographical area and type of customer.
.
After 1
Within but within After 2008
1 year 5 years 5 years Total 2007 2006 2005 2004
£m £m £m £m £m £m £m £m
UK
Central and local government 2,760 27 304 3,091 3,135 6,732 3,340 1,866
Manufacturing 8,615 4,552 1,907 15,074 13,452 11,051 11,615 6,292
Construction 6,465 2,482 1,224 10,171 10,202 8,251 7,274 5,024
Finance 35,055 3,547 3,830 42,432 70,006 25,017 27,091 24,638
Service industries and business activities 25,763 13,076 19,799 58,638 53,965 43,887 40,687 30,867
Agriculture, forestry and fishing 1,361 302 1,309 2,972 2,473 2,767 2,645 2,481
Property 19,231 15,251 17,645 52,127 50,051 39,296 32,899 26,448
Individuals – home mortgages 19,005 1,672 60,290 80,967 73,916 70,884 65,286 57,535
– other 20,027 3,337 3,625 26,989 28,186 27,922 26,323 26,459
Finance leases and instalment credit 2,705 6,666 7,992 17,363 15,632 14,218 13,909 13,044
Accrued interest 2,348 29 86 2,463 2,344 1,497 1,250 —
Total domestic 143,335 50,941 118,011 312,287 323,362 251,522 232,319 194,654
Overseas residents 60,415 36,570 22,671 119,656 98,845 69,242 52,234 48,183
Total UK offices 203,750 87,511 140,682 431,943 422,207 320,764 284,553 242,837
Overseas
US 38,706 42,123 45,448 126,277 135,059 92,166 90,606 74,027
Rest of the World 107,184 66,794 153,413 327,391 277,721 57,896 45,951 34,555
Total Overseas offices 145,890 108,917 198,861 453,668 412,780 150,062 136,557 108,582
Loans and advances to customers – gross 349,640 196,428 339,543 885,611 834,987 470,826 421,110 351,419
Loan impairment provisions (10,889) (6,449) (3,933) (3,884) (4,168)
Loans and advances to customers – net 874,722 828,538 466,893 417,226 347,251
Fixed rate 57,671 46,487 79,536 183,693 351,336 115,240 100,748 101,227
Variable rate 291,969 149,941 260,007 701,918 483,651 355,586 320,362 250,192
Loans and advances to customers – gross 349,640 196,428 339,543 885,611 834,987 470,826 421,110 351,419
Cross border exposures
Cross border exposures are defined as loans to banks and customers
(including finance lease and instalment credit receivables) and other
monetary assets, including non-local currency claims of overseas
offices on local residents.
The Group monitors the geographical breakdown of these exposures
based on the country of domicile of the borrower or guarantor of
ultimate risk.
The table below sets out the Group’s cross border outstandings in
excess of 0.75% of Group total assets (including acceptances), which
totalled £2,401.7 billion at 31 December 2008 (2007 – £1,840.8 billion;
2006 – £856.8 billion). None of these countries has experienced
repayment difficulties that have required refinancing of outstanding debt.