RBS 2010 Annual Report Download - page 178

Risk management: Credit risk continued
Balance sheet analysis: Asset quality continued
Cash and
balances
at central
banks
Loans and
advances
to banks (1)
Loans and
advances to
customers
Settlement
balances Derivatives
Other
financial
instruments Commitments
Contingent
liabilities Total
2008 £m £m £m £m £m £m £m £m £m
AQ1 9,314 93,845 141,636 8,468 837,899 475 122,075 10,268 1,223,980
AQ2 506 6,380 18,440 1,229 27,207 31 23,113 2,129 79,035
AQ3 1,005 12,556 62,235 1,938 35,719 62 26,267 2,843 142,625
AQ4 1,005 11,041 129,292 1,422 46,057 62 63,966 13,196 266,041
AQ5 —1,048 160,605 252 26,799 — 63,599 17,738 270,041
AQ6 —673 99,765 217 6,581 222 17,771 11,254 136,483
AQ7 —201 56,762 248 4,452 — 17,740 7,602 87,005
AQ8 —292 23,449 — 1,362 — 14,120 1,170 40,393
AQ9 —343 12,265 9 2,022 — 5,814 1,061 21,514
AQ10 —274 5,844 — 3,386 — 1,827 435 11,766
Accruing past due — — 13,262 4,029 11 — — — 17,302
Impaired —129 17,034 — — — — — 17,163
Impairment provision —(127) (9,324) — — — — — (9,451)
Group before RFS MI 11,830 126,655 731,265 17,812 991,495 852 356,292 67,696 2,303,897
RFS MI 570 8,676 143,457 20 1,064 — 5,432 3,841 163,060
Group 12,400 135,331 874,722 17,832 992,559 852 361,724 71,537 2,466,957
Note:
(1) Excluding items in the course of collection from other banks of £1,958 million (2009 - £2,533 million; 2008 - £2,888 million).
Debt securities
The table belowanalyses debt securities by issuer and external ratings.
Central and local government
2010
UK
£m
US
£m
Other
£m
Banks and
building
societies
£m
ABS (1)
£m
Corporate
£m
Other
£m
Total
£m %of total
Total
AAA 13,486 33,846 44,784 2,374 51,235 846 17 146,588 67
AA to AA+ — — 18,025 3,036 6,335 779 — 28,175 13
Ato AA- — — 9,138 4,185 3,244 1,303 5 17,875 8
BBB- to A- — — 2,843 1,323 3,385 2,029 6 9,586 5
Non-investment grade — — 1,766 1,766 4,923 2,786 4 11,245 5
Unrated — — 52 310 1,703 1,722 224 4,011 2
13,486 33,846 76,608 12,994 70,825 9,465 256 217,480 100
Core
AAA 13,110 33,535 44,761 2,205 47,441 807 16 141,875 70
AA to AA+ — — 18,025 2,908 3,656 775 — 25,364 13
Ato AA- — — 9,138 4,007 1,879 1,223 5 16,252 8
BBB- to A- — — 2,843 1,297 1,108 1,956 6 7,210 4
Non-investment grade — — 1,460 1,638 3,052 2,428 2 8,580 4
Unrated — — 52 297 978 1,077 212 2,616 1
13,110 33,535 76,279 12,352 58,114 8,266 241 201,897 100
Non-Core
AAA 376 311 23 169 3,794 39 1 4,713 30
AA to AA+ — — — 128 2,679 4 — 2,811 18
Ato AA- — — — 178 1,365 80 — 1,623 11
BBB- to A- — — — 26 2,277 73 — 2,376 15
Non-investment grade — — 306 128 1,871 358 2 2,665 17
Unrated — — — 13 725 645 12 1,395 9
376 311 329 642 12,711 1,199 15 15,583 100
For the note to this table refer to page 177.
RBS Group 2010176
Business review continued