Barclays 2004 Annual Report Download - page 150
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Notes to the accounts
For the year ended 31st December 2004
14 Loans and advances to customers (continued)
Loans and advances to customers booked in offices outside the UK – banking business
2004 2003
At 31st December £m £m
Financial institutions 3,055 3,398
Agriculture, forestry and fishing 296 352
Manufacturing 2,140 2,082
Construction 913 651
Property 644 453
Energy and water 1,598 1,998
Wholesale and retail distribution and leisure 1,177 763
Transport 1,186 1,453
Communications 224 247
Business and other services 4,723 2,132
Home loans 13,192 10,450
Other personal 2,639 2,034
Overseas customers 1,361 807
33,148 26,820
Finance lease receivables 405 290
33,553 27,110
At 31st December 2004, there were loans and advances to customers of £236m (2003: £277m) due from associated undertakings and
joint ventures.
Mortgage incentive costs of £67m (2003: £81m, 2002: £86m) have been charged to operating income.
The geographical analysis of the banking business is based on the location of the office from which the lendings are made. The trading business,
which is largely carried out in the UK, the US and Japan, is more international in nature and has not been analysed geographically. It primarily
constitutes settlement and reverse repo balances.
Provisions include specific provisions of £2,200m (2003: £2,221m) and general provisions of £560m (2003: £791m).
Banking business loans and advances to customers include finance lease receivables of £5,811m (2003: £5,877m) which are stated in the balance
sheet after deducting £1,254m (2003: £1,737m) of unearned charges and interest. Assets acquired in the year for letting under finance leases
amounted to £318m (2003: £645m).
The following unguaranteed residual values are included in finance lease receivables:
2004 2003
Residual risk under finance leases £m £m
Recoverable:
not more than one year 47
over one year but not more than two years 12
over two years but not more than five years 63
over five years 711
18 23
Aggregate amounts received and receivable during the year under finance leases were £482m (2003: £419m, 2002: £433m), including interest
income of £272m (2003: £234m, 2002: £225m).
148