Download table as excel file Download table as excel file| Undrawn | ||||||||||||||
| contractually | ||||||||||||||
| committed | ||||||||||||||
| facilities | ||||||||||||||
| Redundancy | and | |||||||||||||
| Onerous | and re- | guarantees | Sundry | |||||||||||
| contracts | structuring | provided | provisions | Total | ||||||||||
| £m | £m | £m | £m | £m | ||||||||||
| At 1st January 2007 | 71 | 102 | 46 | 243 | 462 | |||||||||
| Acquisitions and disposals of subsidiaries | 1 | (2) | – | 74 | 73 | |||||||||
| Exchange | – | – | 8 | 5 | 13 | |||||||||
| Additions | 18 | 117 | 560 | 121 | 816 | |||||||||
| Amounts used | (25) | (117) | (113) | (60) | (315) | |||||||||
| Unused amounts reversed | (5) | (18) | (26) | (174) | (223) | |||||||||
| Amortisation of discount | 4 | – | – | – | 4 | |||||||||
| At 31st December 2007 | 64 | 82 | 475 | 209 | 830 | |||||||||
| At 1st January 2006 | 79 | 74 | 55 | 309 | 517 | |||||||||
| Exchange | (2) | 2 | – | (16) | (16) | |||||||||
| Additions | 45 | 180 | 35 | 159 | 419 | |||||||||
| Amounts used | (53) | (133) | (9) | (94) | (289) | |||||||||
| Unused amounts reversed | (2) | (21) | (35) | (115) | (173) | |||||||||
| Amortisation of discount | 4 | – | – | – | 4 | |||||||||
| At 31st December 2006 | 71 | 102 | 46 | 243 | 462 | |||||||||
Provisions expected to be recovered or settled within no more than 12 months after 31st December 2007 were £645m (2006: £388m).
Sundry provisions are made with respect to commission clawbacks, warranties and litigation claims.
Undrawn contractually committed facilities and guarantees provided includes £360m (2006: £nil) provision against undrawn facilities on ABS CDO Super Senior positions.