Barclays 2009 Annual Report Download - page 281

www.barclays.com/annualreport09 Barclays PLC Annual Report 2009 279
47 Credit risk continued
Loans and advances individually assessed as impaired
An analysis of financial assets individually assessed as impaired is as follows:
2009 2008
Original Revised Original Revised
carrying Impairment carrying carrying Impairment carrying
amount allowance amount amount allowance amount
£m £m £m £m £m £m
Loans and advances to banks individually impaired 57 (49) 8 48 (44) 4
Loans and advances to customers:
Residential mortgage loans 1,693 (317) 1,376 1,668 (240) 1,428
Credit card receivables 2,459 (1,690) 769 1,231 (727) 504
Other personal lending 2,372 (1,531) 841 1,980 (1,237) 743
Wholesale and corporate loans and advances 10,088 (3,837) 6,251 7,586 (2,310) 5,276
Finance lease receivables 402 (233) 169 234 (140) 94
Total loans and advances individually impaired 17,071 (7,657) 9,414 12,747 (4,698) 8,049
Collective impairment allowance (3,139) (1,876)
Total impairment allowance (10,796) (6,574)
The movements on the impairment allowance during the year were as follows:
Amounts
At Acquisitions Unwind Exchange Amounts charged to Balance
beginning and of and other written income at 31st
of year disposals discount adjustments off Recoveries statement December
£m £m £m £m £m £m £m £m
2009
Loans and advances to banks 51 – – (11) – 10 11 61
Loans and advances to customers:
Residential mortgage loans 321 19 (59) 46 (82) 3 391 639
Credit card receivables 1,445 415 (79) (28) (1,009) 78 1,487 2,309
Other personal lending 1,869 – (26) (89) (633) 21 1,766 2,908
Wholesale and corporate loans and advances 2,699 – (15) (48) (1,538) 28 3,432 4,558
Finance lease receivables 189 – (6) 3 (118) 10 243 321
Total loans and advances to customers 6,523 434 (185) (116) (3,380) 140 7,319 10,735
Total impairment allowance 6,574 434 (185) (127) (3,380) 150 7,330 10,796
2008
Loans and advances to banks 3––1–74051
Loans and advances to customers:
Residential mortgage loans 137 – (35) 19 (44) 3 241 321
Credit card receivables 841 306 (68) 94 (845) 69 1,048 1,445
Other personal lending 1,368 1 (32) 134 (525) 42 881 1,869
Wholesale and corporate loans and advances 1,310 – – 506 (1,428) 41 2,270 2,699
Finance lease receivables 113 – – 37 (77) 12 104 189
Total loans and advances to customers 3,769 307 (135) 790 (2,919) 167 4,544 6,523
Total impairment allowance 3,772 307 (135) 791 (2,919) 174 4,584 6,574
Loan Loss Rates Loans and
Gross advances Loan
loans and Impairment net of Impairment Loss
advances allowance impairment charge Rate
£m £m £m £m basis points
As at 31st December 2009 472,155 (10,796) 461,359 7,358 156
As at 31st December 2008 516,096 (6,574) 509,522 4,913 95