RBS 2008 Annual Report Download - page 98

97RBS Group Annual Report and Accounts 2008
Group
Loans and Debt
advances to banks securities and Netting and
and customers equity shares Derivatives Other(1) Total offset(2)
2008 £m £m £m £m £m £m
Total
Central and local government 15,712 102,293 6,382 197 124,584 1,987
Manufacturing 75,489 2,136 14,160 308 92,093 6,498
Construction 20,907 214 984 32 22,137 1,488
Finance 285,550 160,842 939,154 16,039 1,401,585 836,428
Service industries and business activities 190,537 24,355 25,933 2,470 243,295 10,858
Agriculture, forestry and fishing 9,055 144 45 16 9,260 87
Property 106,633 2,512 5,586 71 114,802 1,067
Individuals:
Home mortgages 234,598 50 18 — 234,666 52
Other 55,960 279 272 25 56,536 84
Finance leases and instalment credit 22,355 23 25 — 22,403 119
Interest accruals 7,139 1,241 ——8,380 —
1,023,935 294,089 992,559 19,158 2,329,741 858,668
Notes:
(1) Includes settlement balances of £17,832 million.
(2) This column shows the amount by which the Group’s credit risk exposure is reduced through arrangements, such as master netting agreements, which give the Group a legal right to set-off the
financial asset against a financial liability due to the same counterparty. In addition, the Group holds collateral in respect of individual loans and advances to banks and to customers. This
collateral includes mortgages over property (both personal and commercial); charges over business assets such as plant, inventories and trade debtors; and guarantees of lending from parties
other than the borrower. The Group obtains collateral in the form of securities in reverse repurchase agreements. Cash and securities are received as collateral in respect of derivative
transactions.
Group
Loans and Debt
advances to banks securities and Netting and
and customers equity shares Derivatives Other(1) Total offset(2)
2007 £m £m £m £m £m £m
UK
Central and local government 4,728 30,285 3,912 — 38,925 1,531
Manufacturing 21,083 2,751 4,800 — 28,634 4,032
Construction 12,363 456 741 — 13,560 1,684
Finance 294,682 106,201 239,858 12,716 653,457 186,420
Service industries and business activities 74,399 16,801 4,412 — 95,612 6,687
Agriculture, forestry and fishing 2,570 66 58 — 2,694 104
Property 63,715 640 969 7 65,331 2,033
Individuals:
Home mortgages 73,916 1,795 5—75,716 —
Other 28,747 1,140 15 23 29,925 7
Finance leases and instalment credit 15,632 131 27 — 15,790 5
Interest accruals 3,512 1,607 ——5,119 —
Total UK 595,347 161,873 254,797 12,746 1,024,763 202,503
US
Central and local government 386 23,506 10 212 24,114 —
Manufacturing 7,399 608 111 — 8,118 13
Construction 793 96 ——889 —
Finance 69,867 39,049 9,354 3,095 121,365 23,026
Service industries and business activities 16,474 2,190 233 1 18,898 18
Agriculture, forestry and fishing 20 4——24 —
Property 6,456 4,089 ——10,545 —
Individuals:
Home mortgages 27,882 ———27,882 —
Other 10,879 ———10,879 —
Finance leases and instalment credit 2,228 ———2,228 —
Interest accruals 1,421 379 ——1,800 2
Total US 143,805 69,921 9,708 3,308 226,742 23,059