Barclays 2007 Annual Report Download - page 256

Notes to the accounts
For the year ended 31st December 2007
254 Barclays PLC Annual Report 2007
47 Credit risk (continued)
(c) Impaired financial assets
Financial assets individually assessed as impaired
An analysis of financial assets individually assessed as impaired is as follows:
2007 2006
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 customers:
Residential mortgage loans 621 (88) 533 384 (75) 309
Credit card receivables 1,517 (725) 792 1,250 (839) 411
Other personal lending 1,635 (1,030) 605 1,289 (954) 335
Wholesale and corporate loans and advances 4,930 (944) 3,986 1,280 (589) 691
Finance lease receivables 141 (102) 39 118 (79) 39
Total loans and advances to customers individually impaired 8,844 (2,889) 5,955 4,321 (2,536) 1,785
Collective impairment allowance (883) (799)
Total impairment allowance (3,772) (3,335)
In addition to the above, there are impaired available for sale debt securities with a carrying value at 31st December 2007 of £432m, after a write-down
of £13m. In 2006, all impaired available for sale debt securities had been disposed of prior to 31st December.
The movements on the impairment allowance during the year were as follows:
2007
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
Loans and advances to banks 4 – – – (1) 13 (13) 3
Loans and advances to customers:
Residential mortgage loans 124 – – 2 (5) 5 6 132
Credit card receivables 1,030 (75) (60) 4 (819) 103 658 841
Other personal lending 1,139 – (53) 10 (668) 54 891 1,373
Wholesale and corporate loans and advances 939 1 – 37 (440) 46 727 1,310
Finance lease receivables 99 1 – – (30) 6 37 113
Total loans and advances to customers 3,331 (73) (113) 53 (1,962) 214 2,319 3,769
Total impairment allowance 3,335 (73) (113) 53 (1,963) 227 2,306 3,772
2006
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
Loans and advances to banks 4––––33(33) 4
Loans and advances to customers:
Residential mortgage loans 139 – (8) (8) (51) 14 38 124
Credit card receivables 978 – (66) (21) (887) 101 925 1,030
Other personal lending 975 – (22) (42) (557) 63 722 1,139
Wholesale and corporate loans and advances 1,253 (12) (2) (69) (626) 41 354 939
Finance lease receivables 101 (11) – (13) (53) 7 68 99
Total loans and advances to customers 3,446 (23) (98) (153) (2,174) 226 2,107 3,331
Total impairment allowance 3,450 (23) (98) (153) (2,174) 259 2,074 3,335