Barclays 2007 Annual Report Download - page 255

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Financial statements
47 Credit risk (continued)
(b) Financial assets that are past due but not individually impaired
An age analysis of financial assets 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 the 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 Group expends considerable effort in monitoring overdue assets. Assets may be overdue for a number of reasons, including late processing of
payments or documentation, for example, over weekends and holiday periods. Where assets are considered to be uncollectable they are subject to
individual impairment.
Trading portfolio and derivative assets are measured on a fair value basis such that their carrying amount reflects expected defaults. Amounts that are
past due as a result of counterparty credit issues are not significant.
2007
Past Past Past Past
due due due Past due
up to 1 1-2 2-3 due 6 months
month months months 3-6 months and over Total
£m £m £m £m £m £m
Financial assets designated at fair value held on own account:
Loans and advances 261 4 1 24 67 357
Total financial assets designated at fair value held on own account 261 4 1 24 67 357
Loans and advances to banks 2,031 305 186 – – 2,522
Loans and advances to customers:
Residential mortgage loans 3,609 1,349 456 215 184 5,813
Credit card receivables 558 155 107 205 1 1,026
Other personal lending 271 199 193 152 205 1,020
Wholesale and corporate loans and advances 6,970 622 267 62 66 7,987
Finance lease receivables 75 28 18 38 – 159
Total loans and advances to customers 11,483 2,353 1,041 672 456 16,005
Available for sale financial investments:
Debt securities 92––––92
Total available for sale financial investments 92––––92
Total financial assets past due but not individually impaired 13,867 2,662 1,228 696 523 18,976
2006
Past Past Past Past
due due due Past due
up to 1 1-2 2-3 due 6 months
month months months 3-6 months and over Total
£m £m £m £m £m £m
Financial assets designated at fair value held on own account:
Loans and advances ––––––
Total financial assets designated at fair value held on own account ––––––
Loans and advances to banks 1,004 234 337 – – 1,575
Loans and advances to customers:
Residential mortgage loans 3,394 1,124 280 208 150 5,156
Credit card receivables 622 202 144 304 – 1,272
Other personal lending 276 118 119 253 1 767
Wholesale and corporate loans and advances 3,322 130 180 20 53 3,705
Finance lease receivables 35 10 22 22 – 89
Total loans and advances to customers 7,649 1,584 745 807 204 10,989
Available for sale financial investments:
Debt securities 131 22 – 23 – 176
Total available for sale financial investments 131 22 – 23 – 176
Total financial assets past due but not individually impaired 8,784 1,840 1,082 830 204 12,740
Barclays PLC Annual Report 2007 253