Barclays 2008 Annual Report Download - page 147

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Business review
Barclays PLC Annual Report 2008 145
Table 26: Impairment allowances/provision charged against profit
2008 2007 2006 2005 2004a
£m £m£m£m£m
New and increased impairment allowance/specific provision charge:
United Kingdom 2,160 1,960 2,253 1,763 1,358
Other European Union 659 192 182 113 131
United States 1,529 431 60 105 85
Africa 526 268 209 109 47
Rest of the World 242 20 18 39 134
5,116 2,871 2,722 2,129 1,755
Reversals of impairment allowance/specific provision charge:
United Kingdom (212) (213) (195) (221) (120)
Other European Union (68) (37) (72) (25) (20)
United States (9) (50) (26) (14) (14)
Africa (36) (20) (33) (56) (16)
Rest of the World (33) (18) (63) (17) (20)
(358) (338) (389) (333) (190)
Recoveries (174) (227) (259) (222) (255)
Net impairment allowance/specific provision chargeb4,584 2,306 2,074 1,574 1,310
General provision (release)/charge n/a n/a n/a n/a (206)
Net charge to profit 4,584 2,306 2,074 1,574 1,104
Table 27: Total impairment/specific provision charges for bad and doubtful debts by industry
2008 2007 2006 2005 2004a
£m £m£m£m£m
United Kingdom:
Financial services 76 32 64 22 (1)
Agriculture, forestry and fishing 4–59–
Manufacturing 118 72 1 120 28
Construction 15 14 17 14 10
Property 80 36 15 18 (42)
Energy and water 11 (7) 13
Wholesale and retail distribution and leisure 59 118 88 39 66
Transport 33 19 (27) (19)
Postal and communication –15 15 3 (1)
Business and other services 234 81 133 45 64
Home loans 28 14(7) 17
Other personal 1,178 1,187 1,526 1,142 894
Finance lease receivables 21 33 –32
1,817 1,593 1,880 1,382 1,021
Overseas 2,767 713 194 192 289
Impairment/specific provision charges 4,584 2,306 2,074 1,574 1,310
Notes
aDoes not reflect the application of IAS32, IAS39 and IFRS 4 which became effective
from 1st January 2005.
bDoes not reflect the impairment of available for sale assets, reverse repurchase
agreements or other credit risk provisions.
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.