Statistical information


Statistical and other risk information

This section of the report contains supplementary information that is more detailed or contains longer histories than the data presented in the discussion. For commentary on this information, please refer to the preceding text (pages 90 to 101).

Barclays applied International Financial Reporting Standards (IFRS) with effect from 1st January 2004, with the exception of IAS 32, IAS 39 and IFRS 4, which were applied from 1st January 2005.

Credit risk management

Table 1: Risk Tendency by business
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2007  2006 
£m  £m 
UK Banking  775  790 
UK Retail Banking  470  500 
Barclays Commercial Bank  305  290 
Barclaycard  945  1,135 
International Retail and Commercial Banking  475  220 
International Retail and Commercial Banking – excluding Absa  220  75 
International Retail and Commercial Banking – Absa  255  145 
Barclays Capital  140  95 
Barclays Wealth  10  10 
Head office functions and other operations a   10  10 
Risk Tendency by business  2,355  2,260 

Table 2: Loans and advances
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2007  2006 
£m  £m 
Retail businesses 
Banks  –  – 
Customers  164,062  139,350 
Total retail businesses  164,062  139,350 
Wholesale businesses 
Banks  40,123  30,930 
Customers  185,105  146,281 
Total wholesale businesses  225,228  177,211 
Loans and advances  389,290  316,561 
Note
a
Head office functions and other operations comprises discontinued business in transition.
Table 3: Maturity analysis of loans and advances to banks

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Over three  Over six  Over one  Over three  Over five 
months  months but  year  years  years 
Not more  but not  not more  but not  but not  but not 
than three  more than  than one  more than  more than  more than  Over 
On demand  months  six months  year  three years  five years  ten years  ten years  Total 
At 31st December 2007  £m  £m  £m  £m  £m  £m  £m  £m  £m 
United Kingdom  796  4,069  56  92  114  20  1  370  5,518 
Other European Union  2,977  7,745  74  88  95  116  7  –  11,102 
United States  321  5,736  95  1,255  343  98  5,498  97  13,443 
Africa  283  1,260  131  114  196  439  158  –  2,581 
Rest of the World  1,505  3,336  90  1,640  512  362  15  19  7,479 
Loans and advances to banks  5,882  22,146  446  3,189  1,260  1,035  5,679  486  40,123 

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Over three  Over six  Over one  Over three  Over five 
months  months but  year  years  years 
Not more  but not  not more  but not  but not  but not 
than three  more than  than one  more than  more than  more than  Over 
On demand  months  six months  year  three years  five years  ten years  ten years  Total 
At 31st December 2006  £m  £m  £m  £m  £m  £m  £m  £m  £m 
United Kingdom  524  5,211  110  18  43  10  –  313  6,229 
Other European Union  619  7,514  90  130  81  78  1  –  8,513 
United States  431  2,592  363  2,634  5  809  923  1,299  9,056 
Africa  701  1,027  83  91  188  85  44  –  2,219 
Rest of the World  612  2,465  154  191  1,278  148  44  21  4,913 
Loans and advances to banks  2,887  18,809  800  3,064  1,595  1,130  1,012  1,633  30,930 

Table 4: Interest rate sensitivity of loans and advances
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2007  2006 
Fixed  Variable  Fixed  Variable 
rate  rate  Total  rate  rate  Total 
At 31st December  £m  £m  £m  £m  £m  £m 
Banks  16,447  23,676  40,123  12,176  18,754  30,930 
Customers  77,861  271,306  349,167  66,000  219,631  285,631 

Table 5: Loans and advances to customers by industry
IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Financial services  71,160  45,954  43,102  25,132  9,872 
Agriculture, forestry and fishing  3,319  3,997  3,785  2,345  2,115 
Manufacturing  16,974  15,451  13,779  9,044  7,844 
Construction  5,423  4,056  5,020  3,278  2,534 
Property  17,018  16,528  16,325  8,992  6,728 
Government  2,036  2,426  1,718  –  – 
Energy and water  8,632  6,810  6,891  3,709  3,150 
Wholesale and retail, distribution and leisure  17,768  15,490  17,760  11,099  9,628 
Transport  6,258  5,586  5,960  3,742  3,654 
Postal and communication  5,404  2,180  1,313  834  698 
Business and other services  30,363  26,999  22,529  23,223  13,913 
Home loans b   112,087  94,635  87,003  79,164  72,318 
Other personal  41,535  35,377  38,069  29,293  23,922 
Overseas customers c   –  –  –  –  8,666 
Finance lease receivables  11,190  10,142  9,088  6,938  5,877 
Loans and advances to customers excluding reverse repurchase agreements  349,167  285,631  272,342  206,793  170,919 
Reverse repurchase agreements  n/a  n/a  n/a  58,304  n/a 
Trading business  n/a  n/a  n/a  n/a  58,961 
Loans and advances to customers  349,167  285,631  272,342  265,097  229,880 
Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
b
Excludes commercial property mortgages.
c
Overseas customers are now classified as part of other industry segments.
Table 6: Loans and advances to customers in the UK
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Financial services  21,131  14,011  11,958  8,774  7,721 
Agriculture, forestry and fishing  2,220  2,307  2,409  1,963  1,766 
Manufacturing  9,388  9,047  8,469  5,684  5,967 
Construction  3,542  2,761  3,090  2,285  1,883 
Property  10,203  10,010  10,547  7,912  6,341 
Government  201  6  6  –  – 
Energy and water  2,203  2,360  2,701  802  1,286 
Wholesale and retail distribution and leisure  13,800  12,951  12,747  9,356  8,886 
Transport  3,185  2,745  2,797  1,822  2,579 
Postal and communication  1,416  899  455  440  476 
Business and other services  20,485  19,260  15,397  13,439  12,030 
Home loans b   71,755  64,150  58,730  61,348  61,905 
Other personal  26,810  26,088  29,250  26,872  21,905 
Overseas customers c   –  –  –  –  5,477 
Finance lease receivables  4,008  3,923  5,203  5,551  5,587 
Loans and advances to customers in the UK  190,347  170,518  163,759  146,248  143,809 

The category ‘other personal’ now includes credit cards, personal loans, second liens and personal overdrafts.

The industry classifications in Tables 5-9 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.

Table 7: Loans and advances to customers in other European Union countries
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Financial services  7,585  5,629  3,982  2,419  1,205 
Agriculture, forestry and fishing  141  786  155  280  147 
Manufacturing  4,175  3,147  2,254  2,021  1,275 
Construction  1,159  639  803  716  609 
Property  2,510  2,162  3,299  344  346 
Government  –  6  –  –  – 
Energy and water  2,425  2,050  1,490  940  409 
Wholesale and retail distribution and leisure  1,719  776  952  810  426 
Transport  1,933  1,465  1,695  640  566 
Postal and communication  662  580  432  111  40 
Business and other services  3,801  2,343  3,594  3,795  1,251 
Home loans b   24,115  18,616  16,488  11,828  10,334 
Other personal  3,905  3,672  1,909  1,369  1,769 
Overseas customers c   –  –  –  –  438 
Finance lease receivables  2,403  1,559  1,870  937  212 
Loans and advances to customers in other European Union countries  56,533  43,430  38,923  26,210  19,027 

See note under Table 6.

Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005. The 2004 analysis excludes reverse repurchase agreements.
b
Excludes commercial property mortgages.
c
Overseas customers are now classified as part of other industry segments.
Table 8: Loans and advances to customers in the United States
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Financial services  29,342  17,516  16,229  9,942  919 
Agriculture, forestry and fishing  2  2  1  –  1 
Manufacturing  818  519  937  388  341 
Construction  18  13  32  139  2 
Property  568  1,714  329  394  1 
Government  221  153  300  –  – 
Energy and water  1,279  1,078  1,261  891  1,358 
Wholesale and retail distribution and leisure  398  403  794  466  77 
Transport  137  128  148  186  468 
Postal and communication  2,446  36  236  63  153 
Business and other services  1,053  1,432  885  1,565  220 
Home loans b   458  349  2  5,768  – 
Other personal  3,256  2,022  1,443  845  – 
Finance lease receivables  304  312  328  335  33 
Loans and advances to customers in the United States  40,300  25,677  22,925  20,982  3,573 

See note under Table 6.

Table 9: Loans and advances to customers in Africa
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Financial services  3,472  2,821  4,350  186  27 
Agriculture, forestry and fishing  956  889  1,193  102  201 
Manufacturing  1,351  1,747  1,501  313  261 
Construction  637  591  1,068  76  40 
Property  2,433  1,987  1,673  87  40 
Government  967  785  625  –  – 
Energy and water  356  156  193  184  97 
Wholesale and retail distribution and leisure  1,326  1,050  2,774  165  239 
Transport  116  354  394  137  41 
Postal and communication  231  241  27  52  29 
Business and other services  1,285  2,631  1,258  1,012  412 
Home loans b   15,314  11,223  11,630  214  79 
Other personal  6,366  2,976  4,955  190  248 
Finance lease receivables  4,357  4,240  1,580  41  45 
Loans and advances to customers in Africa  39,167  31,691  33,221  2,759  1,759 

See note under Table 6.

Table 10: Loans and advances to customers in the Rest of the World
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Loans and advances  22,702  14,207  13,407  10,520  2,751 
Finance lease receivables  118  108  107  74  – 
Loans and advances to customers in the Rest of the World  22,820  14,315  13,514  10,594  2,751 

Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005. The 2004 analysis excludes reverse repurchase agreements.
b
Excludes commercial property mortgages.
Table 11: Maturity analysis of loans and advances to customers

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Over three  Over six  Over one  Over three  Over five 
months  months but  year  years  years 
Not more  but not  not more  but not  but not  but not 
than three  more than  than one  more than  more than  more than  Over 
On demand  months  six months  year  three years  five years  ten years  ten years  Total 
At 31st December 2007  £m  £m  £m  £m  £m  £m  £m  £m  £m 
United Kingdom 
Corporate lending a   26,557  15,737  2,453  3,834  8,474  8,358  10,718  11,643  87,774 
Other lending to customers in the 
United Kingdom  4,384  4,717  2,106  3,597  11,517  8,699  19,325  48,228  102,573 
Total United Kingdom  30,941  20,454  4,559  7,431  19,991  17,057  30,043  59,871  190,347 
Other European Union  4,016  7,665  2,229  3,284  5,842  4,883  8,842  19,772  56,533 
United States  3,053  20,205  3,430  5,938  1,904  2,498  2,658  614  40,300 
Africa  6,806  4,243  881  1,969  5,568  4,124  2,285  13,291  39,167 
Rest of the World  1,085  9,733  1,695  859  2,223  2,586  3,685  954  22,820 
Loans and advances to customers  45,901  62,300  12,794  19,481  35,528  31,148  47,513  94,502  349,167 

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Over three  Over six  Over one  Over three  Over five 
months  months but  year  years  years 
Not more  but not  not more  but not  but not  but not 
than three  more than  than one  more than  more than  more than  Over 
On demand  months  six months  year  three years  five years  ten years  ten years  Total 
At 31st December 2006  £m  £m  £m  £m  £m  £m  £m  £m 
United Kingdom 
Corporate lending a   22,923  13,569  2,262  2,850  7,562  8,499  8,349  10,342  76,356 
Other lending to customers in the 
United Kingdom  3,784  4,427  2,110  3,586  11,937  7,459  16,358  44,501  94,162 
Total United Kingdom  26,707  17,996  4,372  6,436  19,499  15,958  24,707  54,843  170,518 
Other European Union  2,137  6,254  1,744  2,869  4,783  4,397  6,565  14,681  43,430 
United States  2,489  11,630  1,689  3,402  1,949  1,871  1,464  1,183  25,677 
Africa  2,575  2,471  1,272  2,177  5,212  4,177  3,555  10,252  31,691 
Rest of the World  86  6,377  1 ,015  1,020  1,116  1,465  1,800  1,436  14,315 
Loans and advances to customers  33,994  44,728  10,092  15,904  32,559  27,868  38,091  82,395  285,631 

Table 12: Loans and advances in currencies other than the local currency of the borrower for countries where this exceeds 1% of total Group assets
Commercial 
Banks  industrial 
and other  Governments  and other 
financial  and official  private 
As % of  Total  institutions  institutions  sectors 
assets  £m  £m  £m  £m 
At 31st December 2007 
United States  2.1  26,249  7,151  6  19,092 
At 31st December 2006 
United States  1.7  16,579  7,307  89  9,183 
At 31st December 2005 
United States  2.6  24,274  15,693  –  8,581 

At 31st December 2007, 2006 and 2005, there were no countries where Barclays had cross-currency loans to borrowers between 0.75% and 1% of total Group assets.

Note
a
In the UK, finance lease receivables are included in ‘Other lending’, although some leases are to corporate customers.
Table 13: Off-balance sheet and other credit exposures as at 31st December
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2007  2006  2005 
£m  £m  £m 
Off-balance sheet exposures 
Contingent liabilities  45,774  39,419  47,143 
Commitments  192,639  205,504  203,785 
On-balance sheet exposures 
Trading portfolio assets  193,691  177,867  155,723 
Financial assets designated at fair value held on own account  56,629  31,799  12,904 
Derivative financial instruments  248,088  138,353  136,823 
Available for sale financial investments  43,072  51,703  53,497 

Table 14: Notional principal amounts of credit derivatives as at 31st December
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2007  2006  2005 
£m  £m  £m 
Credit derivatives held or issued for trading purposes a   2,472,249  1,224,548  609,381 
Total  2,472,249  1,224,548  609,381 

Table 15: Credit risk loans summary
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IFRS  UK GAAP 
2007  2006  2005  2004 b   2003 
At 31st December  £m  £m  £m  £m  £m 
Impaired loans c   8,574  4,444  4,550  n/a  n/a 
Non-accruing loans  n/a  n/a  n/a  2,115  2,261 
Accruing loans where interest is being suspended with or without provisions  n/a  n/a  n/a  492  629 
Other accruing loans against which provisions have been made  n/a  n/a  n/a  943  821 
Subtotal  8,574  4,444  4,550  3,550  3,711 
Accruing loans which are contractually overdue 90 days or more as to principal 
or interest  794  598  609  550  590 
Impaired and restructured loans  273  46  51  15  4 
Credit risk loans  9,641  5,088  5,210  4,115  4,305 
Notes
a
Includes credit derivatives held as economic hedges which are not designated as hedges for accounting purposes.
b
2004 does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
c
Includes £3,344m of ABS CDO Super Senior exposures.
Table 16: Credit risk loans
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Impaired loans: b  
United Kingdom  3,605  3,340  2,965  n/a  n/a 
Other European Union  472  410  345  n/a  n/a 
United States  3,703  129  230  n/a  n/a 
Africa  757  535  831  n/a  n/a 
Rest of the World  37  30  179  n/a  n/a 
Total  8,574  4,444  4,550  n/a  n/a 
Non-accrual loans: 
United Kingdom  n/a  n/a  n/a  1,509  1,572 
Other European Union  n/a  n/a  n/a  243  143 
United States  n/a  n/a  n/a  258  383 
Africa  n/a  n/a  n/a  74  86 
Rest of the World  n/a  n/a  n/a  31  77 
Total  n/a  n/a  n/a  2,115  2,261 
Accruing loans where interest is being suspended with or without provisions: 
United Kingdom  n/a  n/a  n/a  323  559 
Other European Union  n/a  n/a  n/a  31  29 
Africa  n/a  n/a  n/a  21  37 
Rest of the World  n/a  n/a  n/a  117  4 
Total  n/a  n/a  n/a  492  629 
Other accruing loans against which provisions have been made: 
United Kingdom  n/a  n/a  n/a  865  760 
Other European Union  n/a  n/a  n/a  27  35 
United States  n/a  n/a  n/a  26  – 
Africa  n/a  n/a  n/a  21  22 
Rest of the World  n/a  n/a  n/a  4  4 
Total  n/a  n/a  n/a  943  821 
Accruing loans which are contractually overdue 90 days or more as to principal 
or interest: 
United Kingdom  676  516  539  513  566 
Other European Union  79  58  53  34  24 
United States  10  3  –  1  – 
Africa  29  21  17  1  – 
Rest of the World  –  –  –  1  – 
Total  794  598  609  550  590 
Impaired and restructured loans: 
United Kingdom  179  –  5  2  4 
Other European Union  14  10  7  –  – 
United States  38  22  16  13  – 
Africa  42  14  23  –  – 
Total  273  46  51  15  4 
Total credit risk loans: 
United Kingdom  4,460  3,856  3,509  3,212  3,461 
Other European Union  565  478  405  335  231 
United States  3,751  154  246  298  383 
Africa  828  570  871  117  145 
Rest of the World  37  30  179  153  85 
Credit risk loans  9,641  5,088  5,210  4,115  4,305 

Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
b
Includes £3,344m of ABS CDO Super Senior Exposures.
Table 17: Potential problem loans
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
United Kingdom  419  465  640  658  989 
Other European Union  59  32  26  32  23 
United States  964  21  12  27  259 
Africa  355  240  248  67  53 
Rest of the World  –  3  3  14  3 
Potential problem loans b   1,797  761  929  798  1,327 

Table 18: Interest foregone on credit risk loans
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2007  2006  2005 
£m  £m  £m 
Interest income that would have been recognised under the original contractual terms 
United Kingdom  340  357  304 
Rest of the World  91  70  52 
Total  431  427  356 

Interest income of approximately £48m (2006: £72m, 2005: £29m) from such loans was included in profit, of which £26m (2006: £49m, 2005: £20m) related to domestic lending and the remainder related to foreign lending.

In addition, a further £113m (2006: £98m, 2005: £76m) was recognised arising from impaired loans. Following impairment, interest income is recognised using the original effective rate of interest which was used to discount the expected future cash flows for the purpose of measuring the impairment loss. £93m (2006: £88m, 2005: £70m) of this related to domestic impaired loans and the remainder related to foreign impaired loans.

Table 19: Analysis of impairment/provision charges
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
At 31st December  £m  £m  £m  £m  £m 
Impairment charge/net specific provisions charge 
United Kingdom  1,593  1,880  1,382  1,021  1,132 
Other European Union  123  92  75  102  37 
United States  374  12  76  57  84 
Africa  214  143  37  27  21 
Rest of the World  2  (53) 4  103  46 
Impairment on loans and advances  2,306  2,074  1,574  n/a  n/a 
Impairment on available for sale assets  13  86  4  n/a  n/a 
Impairment charge  2,319  2,160  1,578  n/a  n/a 
Total net specific provisions charge  n/a  n/a  n/a  1,310  1,320 
General provisions (release)/charge  n/a  n/a  n/a  (206) 27 
Other credit provisions charge/(release) 476  (6) (7) (11) – 
Impairment/provision charges  2,795  2,154  1,571  1,093  1,347 

Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
b
Includes £951m of ABS CDO Super Senior and SIV-lites exposures.
Table 20: Impairment/provisions charges ratios (‘Loan loss ratios’)
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
%  %  %  %  % 
Impairment/provisions charges as a percentage of average loans and advances 
for the year: 
Specific provisions charge  n/a  n/a  n/a  0.40  0.46 
General provisions charge  n/a  n/a  n/a  (0.07) 0.01 
Impairment charge  0.64  0.66  0.58  n/a  n/a 
Total  0.64  0.66  0.58  0.33  0.47 
Amounts written off (net of recoveries) 0.49  0.61  0.50  0.40  0.48 

Table 21: Analysis of allowance for impairment/provision for bad and doubtful debts
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
£m  £m  £m  £m  £m 
Impairment allowance/Specific provisions 
United Kingdom  2,526  2,477  2,266  1,683  1,856 
Other European Union  344  311  284  149  97 
United States  356  100  130  155  121 
Africa  514  417  647  70  79 
Rest of the World  32  30  123  90  80 
Specific provision balances  n/a  n/a  n/a  2,147  2,233 
General provision balances  n/a  n/a  n/a  564  795 
Allowance for impairment provision balances  3,772  3,335  3,450  2,711  3,028 
Average loans and advances for the year  357,853  313,614  271,421  328,134  285,963 

Table 22: Allowance for impairment/provision balance ratios
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
%  %  %  %  % 
Allowance for impairment/provision balance at end of year as a percentage 
of loans and advances at end of year: 
Specific provision balances  n/a  n/a  n/a  0.62  0.77 
General provision balances  n/a  n/a  n/a  0.16  0.27 
Impairment balance  0.97  1.05  1.14  n/a  n/a 
Total  0.97  1.05  1.14  0.78  1.04 

Note
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
Table 23: Movements in allowance for impairment/provisions charge for bad and doubtful debts
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
£m  £m  £m  £m  £m 
Allowance for impairment/provision balance at beginning of year  3,335  3,450  2,637  2,946  2,998 
Acquisitions and disposals  (73) (23) 555  21  62 
Unwind of discount  (113) (98) (76) n/a  n/a 
Exchange and other adjustments  53  (153) 125  (33) (18)
Amounts written off  (1,963) (2,174) (1,587) (1,582) (1,474)
Recoveries  227  259  222  255  113 
Impairment/provision charged against profit b   2,306  2,074  1,574  1,104  1,347 
Allowance for impairment/provision balance at end of year  3,772  3,335  3,450  2,711  3,028 

Table 24: Amounts written off
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
£m  £m  £m  £m  £m 
United Kingdom  (1,530) (1,746) (1,302) (1,280) (1,175)
Other European Union  (143) (74) (56) (63) (54)
United States  (145) (46) (143) (50) (215)
Africa  (145) (264) (81) (15) (13)
Rest of the World  –  (44) (5) (174) (17)
Amounts written off  (1,963) (2,174) (1,587) (1,582) (1,474)

Table 25: Recoveries
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
£m  £m  £m  £m  £m 
United Kingdom  154  178  160  217  95 
Other European Union  32  18  13  9  7 
United States  7  22  15  14  10 
Africa  34  33  16  4  1 
Rest of the World  –  8  18  11  – 
Recoveries  227  259  222  255  113 

Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
b
Does not reflect the impairment of available for sale assets or other credit risk provisions.
Table 26: Impairment allowances/provision charged against profit
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
£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 b   2,306  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
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IFRS  UK GAAP 
2007  2006  2005  2004 a   2003 
£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  3  19  (27) (19) 100 
Postal and communication  15  15  3  (1) 1 
Business and other services  81  133  45  64  76 
Home loans  1  4  (7) 17  9 
Other personal  1,187  1,526  1,142  894  757 
Overseas customers c   –  –  –  –  66 
Finance lease receivables  33  –  3  2  9 
1,593  1,880  1,382  1,021  1,132 
Overseas  713  194  192  289  188 
Impairment/specific provision charges c   2,306  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
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
b
Does not reflect the impairment of available for sale assets or other credit risk provisions.
c
Overseas customers are now classified as part of other industry segments.
Table 28: Allowance for impairment/specific provision for bad and doubtful debts by industry

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IFRS UK GAAP
2007 2006 2005 2004 a 2003
£m  %  £m  %  £m  %  £m  %  £m  % 
United Kingdom: 
Financial services  103  2.7  67  2.0  26  0.8  7  0.3  12  0.5 
Agriculture, forestry 
and fishing  5  0.1  17  0.5  12  0.3  4  0.2  5  0.2 
Manufacturing  65  1.7  85  2.5  181  5.2  37  1.7  58  2.6 
Construction  16  0.4  16  0.5  13  0.4  6  0.3  7  0.3 
Property  54  1.4  26  0.8  24  0.7  26  1.2  3  0.1 
Energy and water  1  –  –  –  18  0.5  23  1.0  27  1.2 
Wholesale and retail 
distribution and leisure  102  2.7  81  2.4  99  2.9  70  3.3  52  2.3 
Transport  11  0.3  24  0.7  32  0.9  55  2.6  103  4.6 
Postal and 
communication  25  0.7  12  0.4  2  0.1  13  0.6  15  0.7 
Business and other 
services  158  4.2  186  5.6  102  3.0  105  4.9  121  5.4 
Home loans  15  0.4  10  0.3  50  1.4  58  2.7  55  2.5 
Other personal b   1,915  50.8  1,953  58.6  1,696  49.2  1,265  58.9  1,359  60.9 
Overseas customers c   –  –  –  –  –  –  –  –  24  1.1 
Finance lease receivables  56  1.5  –  –  11  0.3  14  0.7  15  0.7 
2,526  67.0  2,477  74.3  2,266  65.7  1,683  78.4  1,856  83.1 
Overseas  1,246  33.0  858  25.7  1,184  34.3  464  21.6  377  16.9 
Total  3,772  100.0  3,335  100.0  3,450  100.0  2,147  100.0  2,233  100.0 

See note under Table 27.

Table 29: Analysis of amounts written off and recovered by industry

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Amounts written off for the year Recoveries of amounts previously written off
IFRS UK GAAP  IFRS UK GAAP 
2007  2006  2005  2004 a   2003  2007  2006  2005  2004 a   2003 
£m  £m  £m  £m  £m  £m  £m  £m  £m  £m 
United Kingdom: 
Financial services  6  13  2  7  14  1  –  1  3  12 
Agriculture, forestry 
and fishing  5  8  3  2  –  2  1  1  1 
Manufacturing  83  73  47  79  126  7  21  11  30  8 
Construction  23  17  15  13  19  3  2  1  2  14 
Property  16  23  4  2  5  10  6  1  69  1 
Energy and water  1  22  9  15  –  2  2  – 
Wholesale and retail 
distribution and 
leisure  109  120  85  55  45  12  14  25  7  5 
Transport  13  11  29  44  5  1  10  15  1 
Postal and 
communication  3  5  15  2  1  –  –  1  – 
Business and other 
services  83  124  83  96  58  22  17  14  16  11 
Home loans  1  –  2  19  11  1  7  4  5  3 
Other personal  1,164  1,351  992  948  790  96  107  92  65  38 
Overseas customers b   –  –