Doubtful Debts

Total Charge for Doubtful Debts by Region

On-Going Core Operations

Australia

299

174

473

207

large

Great Britain

211

154

365

264

(38)

Ireland

8

7

15

27

44

New Zealand

4

6

10

11

9

United States

20

11

31

-

large

Asia

3

-

3

9

(67)

Total On-Going Core Operations

545

352

897

518

73

Non-Core and Disposed Operations

Great Britain

Vivid

5

11

16

-

large

United States

HomeSide US

28

34

62

55

(13)

Michigan National

-

14

14

15

7

Total Non-Core and Disposed Operations

33

59

92

70

(31)

Total Charge for Provision for Doubtful Debts

578

411

989

588

(68)

Reconciliation to Statement of Financial Performance

On-Going Core Operations

Banking & Other Financial Services

Provision for doubtful debts

545

352

897

518

(73)

Non-Core and Disposed Operations

HomeSide US

Provision for doubtful debts

28

34

62

55

(13)

Michigan National

Provision for doubtful debts

-

14

14

15

7

Other Non-Core Operations

Vivid provision for doubtful debts

5

11

16

-

large

Total Charge for Provision for Doubtful Debts

578

411

989

588

(68)

Movement in Provision for Doubtful Debts

Year to Sep 01

Year to Sep 00

Specific

General

Total

Specific

General

Total

$m

$m

$m

$m

$m

$m

Opening balance

Core Operations

433

1,881

2,314

469

1,698

2,167

Homeside

-

31

31

-

53

53

MNC

38

326

364

5

304

309

Group opening balance

471

2,238

2,709

474

2,055

2,529

Movements relating to Core Operations

Transfer to/from specific/general provision

708

(708)

-

376

(376)

-

Bad debts recovered

151

-

151

192

-

192

Bad debts written off

(738)

-

(738)

(606)

-

(606)

Charge to profit and loss

-

913

913

-

518

518

Foreign currency translation and

32

94

126

2

41

43

consolidation adjustments

Movements relating to Non-Core and

Disposed Operations

HomeSide US

Charge to profit and loss

-

62

62

-

55

55

Provision no longer required

-

(72)

(72)

-

(95)

(95)

Foreign currency translation and

-

6

6

-

18

18

consolidation adjustments

Michigan National

Transfer to/from specific/general provision

40

(40)

-

47

(47)

-

Bad debts recovered

-

-

-

32

-

32

Bad debts written off

-

-

-

(51)

-

(51)

Charge to profit and loss

-

14

14

-

15

15

Sale of Michigan National

(58)

(336)

(394)

-

-

-

Foreign currency translation and

(20)

36

16

5

54

59

consolidation adjustments

Closing balance

Core Operations

586

2,180

2,766

433

1,881

2,314

HomeSide US

-

27

27

-

31

31

Michigan National

-

-

-

38

326

364

Total Provision for Doubtful Debts

586

2,207

2,793

471

2,238

2,709