At 31 March
2007
2006
£’000
16. Loans and advances to customers
Category analysis
Commercial property loans
3 486 799
2 816 243
Residential mortgages
1 932 566
1 872 477
Leases and instalment debtors
340 050
306 933
Corporate and public sector loans and advances
2 764 650
2 864 206
Other private bank lending
1 161 590
1 352 121
Other loans and advances
544 586
433 735
10 230 241
9 645 715
Specific impairment
(33 194)
(31 056)
Portfolio impairment
(6 795)
(10 070)
10 190 252
9 604 589
Specific and portfolio impairments
Reconciliation of movements in group specific and portfolio impairments.
Specific impairment
Balance at beginning of year
31 056
27 703
Charge to the income statement
17 379
8 718
Acquired
7 740
-
Utilised
(17 822)
(7 340)
Exchange adjustment
(5 159)
1 975
Balance at end of year
33 194
31 056
Portfolio impairment
Balance at beginning of year
10 070
8 865
Charge to the income statement
(849)
442
Utilised
(441)
-
Exchange adjustment
(1 985)
763
Balance at end of year
6 795
10 070
Securitisations
Investec plc and Investec Limited enter into transactions in the normal course of business by which they transfer financial assets directly
to third parties or to special purpose entities. These transfers may give rise to the full or partial derecognition of the financial assets
concerned. The table below reflects securitised assets and related liabilities that continue to be recognised in the consolidated accounts.
£’000
Carrying
Carrying
amount of
amount of
transferred
associated
asset
liabilities
2007
Nature of transactions
Residential mortgages
449 242
449 242
Auto loans
69 858
69 858
Commercial mortgages
85 116
85 116
604 216
604 216
2006
Nature of transactions
Residential mortgages
423 243
438 343
