Barclays 2009 Annual Report Download - page 280

278 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Notes to the accounts
For the year ended 31st December 2009
continued
47 Credit risk continued
Loans and advances that are past due but not individually impaired
An age analysis of loans and advances that are past due but not individually impaired is set out below.
For the purposes of this analysis an asset is considered past due and included below when any payment due under strict contractual terms is received late
or missed. The amount included is the entire financial asset, not just the payment, of principal or interest or both, overdue.
The table below provides a breakdown of total financial assets past due but not individually impaired. In general, retail and wholesale loans fall into this category for two
separate reasons. Retail loans and advances to customers may come under this category because the impairment allowance on such loans is calculated on a collective
– not individual – basis. This reflects the homogenous nature of the assets, which allows statistical techniques to be used, rather than individual assessment.
In contrast, some loans to wholesale and corporate customers and banks may come under this category because of instances where a payment on a loan
is past due without requiring an individual impairment allowance. For example, an individual impairment allowance will not be required when a loss is not
expected due to a corporate loan being fully secured or collateralised. As a result, it is past due but not individually impaired.
Past due Past due Past due Past due Past due Of which
up to 1 1-2 2-3 3-6 6 months Credit
month months months months and over Total Risk Loans
£m £m £m £m £m £m £m
2009
Financial assets designated at fair value held
on own account:
Loans and advances 170 – 1 – 9 180 –
Loans and advances to banks 2,280 – – – – 2,280 –
Loans and advances to customers:
Residential mortgage loans 4,849 1,453 633 1,410 501 8,846 1,911
Credit card receivables 501 214 220 459 150 1,544 609
Other personal lending 369 295 417 413 681 2,175 1,094
Wholesale and corporate loans and advances 5,403 292 494 866 543 7,598 1,409
Finance lease receivables 186 86 98 282 12 664 294
Total loans and advances to customers 11,308 2,340 1,862 3,430 1,887 20,827 5,317
Total financial assets past due but not
individually impaired 13,758 2,340 1,863 3,430 1,896 23,287 5,317
2008
Financial assets designated at fair value held
on own account:
Loans and advances 315 147 81 82 250 875 –
Loans and advances to banks 1,044 1 – – – 1,045 –
Loans and advances to customers:
Residential mortgage loans 4,421 1,570 630 713 147 7,481 860
Credit card receivables 293 224 150 291 468 1,426 759
Other personal lending 219 202 273 338 242 1,274 580
Wholesale and corporate loans and advances 6,229 540 847 477 214 8,307 691
Finance lease receivables 130 53 39 63 – 285 63
Total loans and advances to customers 11,292 2,589 1,939 1,882 1,071 18,773 2,953
Total financial assets past due but not
individually impaired 12,651 2,737 2,020 1,964 1,321 20,693 2,953