Barclays 2007 Annual Report Download - page 125

1
Business review
Barclays PLC Annual Report 2007 123
Table 26: Impairment allowances/provision charged against profit
IFRS UK GAAP
2007 2006 2005 2004a2003
£m £m £m £m £m
New and increased impairment allowance/specific provision charge:
United Kingdom 1,960 2,253 1,763 1,358 1,373
Other European Union 192 182 113 131 57
United States 431 60 105 85 118
Africa 268 209 109 47 33
Rest of the World 20 18 39 134 47
2,871 2,722 2,129 1,755 1,628
Reversals of impairment allowance/specific provision charge:
United Kingdom (213) (195) (221) (120) (146)
Other European Union (37) (72) (25) (20) (13)
United States (50) (26) (14) (14) (24)
Africa (20) (33) (56) (16) (10)
Rest of the World (18) (63) (17) (20) (2)
(338) (389) (333) (190) (195)
Recoveries (227) (259) (222) (255) (113)
Net impairment allowance/specific provision charge b2,306 2,074 1,574 1,310 1,320
General provision (release)/charge n/a n/a n/a (206) 27
Net charge to profit 2,306 2,074 1,574 1,104 1,347
Table 27: Total impairment/specific provision charges for bad and doubtful debts by industry
IFRS UK GAAP
2007 2006 2005 2004a2003
£m £m £m £m £m
United Kingdom:
Financial services 32 64 22 (1) 13
Agriculture, forestry and fishing –5 9 – (3)
Manufacturing 72 1 120 28 79
Construction 14 17 14 10 (23)
Property 36 15 18 (42) (3)
Energy and water 1(7) 1 3 13
Wholesale and retail distribution and leisure 118 88 39 66 38
Transport 319 (27) (19) 100
Postal and communication 15 15 3 (1) 1
Business and other services 81 133 45 64 76
Home loans 14 (7) 17 9
Other personal 1,187 1,526 1,142 894 757
Overseas customers c––––66
Finance lease receivables 33 –329
1,593 1,880 1,382 1,021 1,132
Overseas 713 194 192 289 188
Impairment/specific provision charges c2,306 2,074 1,574 1,310 1,320
The category ‘other personal’ now includes credit cards, personal loans, second liens and personal overdrafts.
The industry classifications in Tables 27, 28 and 29 have been prepared at the level of the borrowing entity. This means that a loan to the subsidiary
of a major corporation is classified by the industry in which the subsidiary operates, even though the parent’s predominant business may be in a
different industry.
Notes
aDoes not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective
from 1st January 2005.
bDoes not reflect the impairment of available for sale assets or other credit risk provisions.
cOverseas customers are now classified as part of other industry segments.