11. Asset Quality
| As at | Change on | |||||
|
Summary of impaired assets |
Sep 03 $m |
Mar 03 $m |
Sep 02 $m |
Mar 03 % |
Sep 02 % |
|
|
Gross non-accrual loans |
1,379 |
1,583 |
1,590 |
|
(12.9) |
(13.3) |
|
Gross restructured loans |
- |
1 |
6 |
|
large |
large |
|
Gross assets acquired through security enforcement |
2 |
2 |
3 |
|
- |
(33.3) |
|
Gross impaired assets |
1,381 |
1,586 |
1,599 |
|
(12.9) |
(13.6) |
|
Less: Specific provisions - non-accrual loans(1) |
(422) |
(525) |
(500) |
|
(19.6) |
(15.6) |
|
Net impaired assets |
959 |
1,061 |
1,099 |
|
(9.6) |
(12.7) |
(1) Specific provision - non-accrual loans includes $48 million of specific provision in relation to accrued portfolio facilities past due 90-180 days within credit cards.
| As at Sep 03 | As at Mar 03 | As at Sep 03 | ||||||||||||||||
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| Total impaired assets by region |
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| Ongoing operations | ||||||||||||||||||
| Australia |
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| Europe |
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| New Zealand |
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| United States |
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| Asia |
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| Total ongoing operations |
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| Total disposed operations |
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| Total gross impaired assets |
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| Movement in gross impaired assests | Australia $m |
Europe $m |
New Zealand $m |
United States $m |
Asia $m |
Total $m |
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| Balance at 31 March 2002 | 917 | 582 | 36 | 220 | 2 | 1,757 | ||
| New | 440 | 128 | 25 | 9 | - | 602 | ||
| Written off | (195) | (141) | (4) | (101) | - | (441) | ||
| Returned to performing or repaid | (268) | (64) | (31) | (1) | - | (364) | ||
|
Foreign currency translation adjustments |
- | 41 | 1 | 3 | - | 45 | ||
|
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| Balance at 30 September 2003 | 894 | 546 | 27 | 130 | 2 | 1,599 | ||
| New | 413 | 175 | 29 | 219 | - | 836 | ||
| Written off(2) | (199) | (156) | (2) | (1) | (1) | (359) | ||
| Returned to performing or repaid(2) | (246) | (76) | (21) | (87) | - | (430) | ||
|
Foreign currency translation adjustments |
- | (42) | 2 | (20) | - | (60) | ||
|
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| Balance at 31 March 2003 | 862 | 447 | 35 | 241 | 1 | 1,586 | ||
| New | 207 | 131 | 199 | - | - | 537 | ||
| Written off | (289) | (156) | (3) | (35) | - | (483) | ||
| Returned to performing or repaid | (122) | (20) | (23) | (41) | - | (206) | ||
|
Foreign currency translation adjustments |
- | (27) | (6) | (20) | - | (53) | ||
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Gross impaired assets at 30 September 2003 |
658 | 375 | 202 | 145 | 1 | 1,381 | ||
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| As at | |||||||||
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Gross non-accrual loans to gross loans & acceptances - by region |
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| Ongoing operations | |||||||||
| Australia |
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| Europe |
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| New Zealand |
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| United States |
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| Asia |
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| Total ongoing operations |
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| Total disposed operations |
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Total gross non-accrual loans to gross loans & acceptances |
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| Group provisioning coverage ratios | |||||||||
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| Net impaired assets to total equity (1) |
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Net impaired assets to total equity plus general provision(1) |
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| Specific provision to gross impaired assets |
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General and specific provisions to gross impaired assets |
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| General provision to risk-weighted assets |
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| (1) Total parent entity interest in equity. | |||||||||
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| As at | Change on | |||||||||||||
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| Memorandum disclosure |
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Accruing loans past due 90 days or more with adequate security (net) (2) |
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Accruing portfolio facilities past due 90 to 180 days (net) |
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| 90 days past due loans - by region | ||||||||||||||
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| Ongoing operations | ||||||||||||||
| Australia |
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| Europe |
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| New Zealand (2) |
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| Total 90 day past due loans |
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| (2) | Balances at 31 March 2003 and 30 September 2002 have been restated to reflect the revised treatment of accruing loans past due 90 days or more with adequate security. |