RBS 2013 Annual Report Download - page 280
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Business review Risk and balance sheet management
278
Balance sheet analysis continued
Financial assets continued
Reverse Securities Other Balance Exposure
repos Lending Debt Equity Derivatives financial assets sheet value Offset (1) post offset
2011 £m £m £m £m £m £m £m £m £m
Europe
Central and local government — 831 13,362 — 60 — 14,253 — 14,253
Financial institutions - banks 247 8,611 10,859 78 —6,725 26,520 — 26,520
- other (2) — 3,008 4,521 165 289 90 8,073 (1) 8,072
Personal - mortgages — 18,946 — — — — 18,946 — 18,946
- unsecured — 2,464 — — — 28 2,492 — 2,492
Property — 16,384 — — 168 — 16,552 (9) 16,543
Construction — 1,754 — 22 18 — 1,794 (24) 1,770
Manufacturing — 8,115 57 5 23 — 8,200 (9) 8,191
Finance leases and instalment credit — 695 — — — — 695 — 695
Retail, wholesale and repairs — 4,764 16 2 23 — 4,805 (24) 4,781
Transport and storage — 6,529 143 — 15 — 6,687 (6) 6,681
Health, education and leisure — 1,584 164 5 2 — 1,755 (8) 1,747
Hotels and restaurants — 1,427 — — 6 — 1,433 (6) 1,427
Utilities — 2,099 124 3 85 — 2,311 — 2,311
Other 7 5,445 568 70 35 — 6,125 (56) 6,069
Total gross of provisions 254 82,656 29,814 350 724 6,843 120,641 (143) 120,498
Provisions — (8,898) (1,218) — — — (10,116) n/a (10,116)
Total 254 73,758 28,596 350 724 6,843 110,525 (143) 110,382
RoW
Central and local government 117 683 11,414 — 190 92 12,496 — 12,496
Financial institutions - banks 6,605 4,965 2,886 135 30,700 2,849 48,140 (27,897) 20,243
- other (2) 1,956 4,147 268 100 —592 7,063 — 7,063
Personal - mortgages — 702 — — — — 702 — 702
- unsecured — 1,511 — — — — 1,511 — 1,511
Property — 850 269 15 61 1 1,196 — 1,196
Construction — 69 9 2 22 — 102 — 102
Manufacturing — 2,717 7 13 1,052 306 4,095 — 4,095
Finance leases and instalment credit — 117 127 — 2 — 246 — 246
Retail, wholesale and repairs — 1,304 3 34 96 — 1,437 — 1,437
Transport and storage — 605 225 6 443 — 1,279 (35) 1,244
Health, education and leisure — 583 — 4 34 — 621 — 621
Hotels and restaurants — 25 — 2 — — 27 — 27
Utilities — 1,848 13 22 94 — 1,977 — 1,977
Other 12 3,355 127 259 861 2 4,616 — 4,616
Total gross of provisions 8,690 23,481 15,348 592 33,555 3,842 85,508 (27,932) 57,576
Provisions — (370) — — — — (370) n/a (370)
Total 8,690 23,111 15,348 592 33,555 3,842 85,138 (27,932) 57,206
Notes:
(1) This shows the amount by which the Group’s credit risk exposure is reduced through arrangements, such as master netting agreements and cash management pooling, 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 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.
(2) Loans made by the Group's consolidated conduits to asset owning companies are included within financial institutions - other.