IBRC annual report for 2011 - Irish Bank Resolution Corporation ...

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Notes to the financial statements continued55. Parent Bank information on credit risk continuedAged analysis of loans classified as held for sale past due but not impairedThe following table presents an analysis of loans classified as held for sale where contractual interest or principal payments arepast due but impairment is not appropriate as the level of collateral and the present value of estimated future cash flowsavailable to the Bank is sufficient.The Bank2011Business Residential OtherCommercial Residential Banking Mortgages Lending Total€m €m €m €m €m €mPast due 1 to 30 days - - - - - -Past due 31 to 60 days - - - - - -Past due 61 to 90 days - - - - - -Past due 91 days and over 31 - - - - 31Total 31 - - - - 31The Bank2010Business OtherCommercial Residential Banking Lending Total€m €m €m €m €mPast due 1 to 30 days 8 1 3 - 12Past due 31 to 60 days 15 - - - 15Past due 61 to 90 days 21 - - - 21Past due 91 days and over 307 9 - 34 350Total 351 10 3 34 398164
Irish Bank Resolution Corporation LimitedAnnual Report & Accounts 2011Gross loans classified as held for sale by geographical location and industry sector2011UnitedIreland Kingdom USA Total€m €m €m €m %Retail 11 - - 11 3%Office 11 - 65 76 20%Mixed use 2 - 5 7 2%Industrial - - 14 14 4%Leisure 72 - - 72 19%Commercial development 6 - - 6 2%Other property investment - - - - 0%Residential investment - - 169 169 44%Residential development - - 24 24 6%Business banking - - - - 0%Residential owner occupier - - - - 0%Residential buy to let - - - - 0%Personal - - - - 0%Fund Investment - - - - 0%Unzoned land - - - - 0%Total loans classified as heldfor sale102 - 277 379 100%2010UnitedIreland Kingdom USA Total€m €m €m €m %Retail 283 268 21 572 31%Office 127 45 - 172 9%Mixed use 31 30 80 141 8%Industrial - 27 8 35 2%Leisure 148 - 44 192 10%Commercial development 13 1 309 323 17%Other property investment 19 - - 19 1%Residential investment 46 23 110 179 10%Residential development 38 - 87 125 7%Business banking 3 - - 3 0%Personal 78 1 - 79 4%Fund investment - - - - 0%Unzoned land 11 - - 11 1%Total loans classified as heldfor sale797 395 659 1,851 100%Geographical location is based on the location of the office recording the transaction.Total loans classified as held for sale are stated gross of provisions and include €14m (2010: €15m) lent to fund assets held bythe Group's assurance business in respect of liabilities to customers under investment contracts.165
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Irish Bank Resolution Corporation L
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ContentsIrish Bank Resolution Corpo
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Chairman’s statementIrish Bank Re
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Group Chief Executive’s reviewIri
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Group Chief Executive’s review co
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Business review continuedIrish Bank
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Board of DirectorsIrish Bank Resolu
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Corporate Responsibility continuedI
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Principal risks and uncertainties c
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Principal risks and uncertainties c
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Report of the DirectorsIrish Bank R
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Corporate governance statementIrish
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Corporate governance statement cont
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Corporate governance statement cont
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OpinionIn our opinion:• the Group
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Consolidated statement of comprehen
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Bank statement of financial positio
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IBRC annual report for 2011 - Irish Bank Resolution Corporation ...

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