Barclays 2004 Annual Report Download - page 61

59
Barclays PLC Annual Report 2004
(See also Table 22 on page 81.)
Total provision balances declined 9% (£262m) over the prior year.
While the specific provisions balance has remained broadly flat during
2004, the year-end general provision stock decreased by 29% (£231m)
to £564m (2003: £795m) as explained on the previous page.
An analysis of the movements in the provision balances is shown in the
following chart.
Note
(a) Includes effects of acquisitions and exchange rate movements.
(See also Table 24 on page 81.)
Coverage Ratios
The coverage of non-performing loans by the Group’s stock of
provisions and interest in suspense decreased from 71.5% at
31st December 2003 to 70.4% at 31st December 2004. Over the
same period, coverage of potential credit risk loans (i.e. NPLs
and PPLs) increased from 54.6% to 59.2%.
Movements
3,500
Movements in provision balances for bad and doubtful debts
3,000
2,500
2,000
1,500
1,000
500
0
£m Balance
at Dec 03
3,028
Adjustments(a)
13
Write-offs
1,595
Recoveries
and other
255
Provisions
charges
1,091
Balance
at Dec 04
2,766
1995 1998 1999 2000 2001 2002 2003 200419971996£m
2,728
2,130
1,850 1,943 1,983
2,353
2,716
2,998 3,028
2,766
0 Specific
General
Provision balances
3,000
3,500
2,500
2,000
1,000
500
1,500