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Specific and general provisions
 
Unaudited  Unaudited  Audited  Audited 
at 30 Jun  at 30 Jun  at 31 Dec  at 31 Dec 
%  2003  2002  %  2002  2001 
  change  Rm  Rm  change  Rm  Rm 
Opening balance   6 553  5 154    5 154  4 082 
Income statement charge   891  560    1 778  1 058 
– General   (519) 22    (77) 283 
– Specific   1 410  538    1 855  775 
Income statement exceptional item     (400)   (400) 400 
Interest reserve     132    258  173 
Bad debts recovered   47  16    76  270 
AC133 transitional adjustment   963         
Bad debts written off/other transfers   (1 359) (771)   (1 980) (1 539)
Acquisition of subsidiaries         1 667  710 
Total provisions for bad debts 32  7 095  4 691  27  6 553  5 154 
General provisions 36  1 164  1 280  4  1 717  1 653 
Specific provisions 31  5 931  3 411  38  4 836  3 501 
Total provisions for bad debts 32  7 095  4 691  27  6 553  5 154 
Total advances 6  216 220* 158 104  33  208 092  156 209 
Ratio of provisions to advances (%)   3,3  3,0    3,1  3,3 
             
* Excluding AC133 gross-up of deviation of R37 036 million
             
              
   
   
This page was updated on 29 July, 2003
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