Barclays 2010 Annual Report Download - page 109

Loans and advances past due but not individually impaired (audited)
Past due
up to 1
month
£m
Past due
1-2
months
£m
Past due
2-3
months
£m
Past due
3-6
months
£m
Past due
6 months
and over
£m
Total
£m
Of which
credit risk
loans
£m
As at 31st December 2010
Financial assets designated at fair value:
Loans and advances – – 70 1 8 79 –
Loans and advances to banks 663 – – – – 663 –
Loans and advances to customers:
Home loans 4,915 1,875 917 1,381 400 9,488 1,781
Credit card receivables 214 156 353 441 89 1,253 530
Other personal lending 422 672 392 362 127 1,975 489
Wholesale and corporate 4,104 788 533 620 701 6,746 1,321
Finance lease receivables 175 80 67 266 1 589 267
Total loans and advances to customers 9,830 3,571 2,262 3,070 1,318 20,051 4,388
Total financial assets past due but not
individually impaired 10,493 3,571 2,332 3,071 1,326 20,793 4,388
As at 31st December 2009
Financial assets designated at fair value:
Loans and advances 170 – 1 – 9 180 –
Loans and advances to banks 2,280 – – – – 2,280 –
Loans and advances to customers:
Home loans 4,849 1,453 633 1,403 501 8,839 1,904
Credit card receivables 501 214 220 459 150 1,544 609
Other personal lending 369 295 417 413 681 2,175 1,094
Wholesale and corporate 5,403 292 494 866 543 7,598 1,409
Finance lease receivables 186 86 98 282 12 664 294
Total loans and advances to customers 11,308 2,340 1,862 3,423 1,887 20,820 5,310
Total financial assets past due but not
individually impaired 13,758 2,340 1,863 3,423 1,896 23,280 5,310
Loans and advances individually assessed as impaired (audited) 2010 2009
As at 31st December
Original
carrying
amount
£m
Impairment
allowance
£m
Revised
carrying
amount
£m
Original
carrying
amount
£m
Impairment
allowance
£m
Revised
carrying
amount
£m
Total loans and advances to banks individually impaired 35 (31) 4 57 (49) 8
Loans and advances to customers:
Home loans 2,513 (627) 1,886 1,854 (317) 1,537
Credit card receivables 3,112 (2,025) 1,087 2,459 (1,690) 769
Other personal lending 3,397 (2,075) 1,322 2,372 (1,531) 841
Wholesale and corporate 18,010 (4,986) 13,024 10,088 (3,837) 6,251
Finance lease receivables 427 (265) 162 402 (233) 169
Total loans and advances individually impaired 27,494 (10,009) 17,485 17,232 (7,657) 9,575
Collective impairment allowance (2,423) (3,139)
Total impairment allowance (12,432) (10,796)
Loans and advances that are past due but not individually impaired
An age analysis of loans and advances 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 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 table below provides a breakdown of total financial assets past due
but not individually impaired. In general, retail and wholesale loans fall
into this category for two separate reasons. Retail loans and advances to
customers may come under this category because the impairment
allowance on such loans is calculated on a collective – not individual –
basis. This reflects the homogenous nature of the assets, which allows
statistical techniques to be used, rather than individual assessment.
In contrast, some loans to Wholesale customers and banks may come
under this category because of instances where a payment on a loan
is past due without requiring an individual impairment allowance.
For example, an individual impairment allowance will not be required
when a loss is not expected due to a corporate loan being fully secured
or collateralised. As a result, it is past due but not individually impaired.
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 107
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