Annual report and accounts 2009 (PDF) - Coventry Building Society

NOTES TO THE ACCOUNTS(continued)13. IMPAIRMENT PROVISIONS ON LOANS AND ADVANCES TO CUSTOMERS (continued)Group Loans fully secured on Otherresidential property loans Total£m £m £mAt 1 January 2008Individual impairment 4.8 - 4.8Collective impairment 10.0 3.0 13.014.8 3.0 17.8Charge for the yearIndividual impairment 9.0 6.9 15.9Collective impairment (5.3) (2.2) (7.5)3.7 4.7 8.4Amounts written off individual impairment (2.3) (3.0) (5.3)At 31 December 2008Individual impairment 11.5 3.9 15.4Collective impairment 4.7 0.8 5.516.2 4.7 20.9SocietyAt 1 January 2008Individual impairment 4.7 - 4.7Collective impairment 9.5 2.9 12.414.2 2.9 17.1Charge for the yearIndividual impairment 7.4 6.3 13.7Collective impairment (5.2) (2.2) (7.4)2.2 4.1 6.3Amounts written off individual impairment (2.3) (2.8) (5.1)At 31 December 2008Individual impairment 9.8 3.5 13.3Collective impairment 4.3 0.7 5.014.1 4.2 18.3The provisions above have been deducted from the appropriate asset values in the balance sheet.50