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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

34. Group risk management (continued)

34.4 Banking risk management for fnancial instruments (continued)

34.4.1 Credit risk (continued)

(a) Credit quality

The following table provides information regarding the credit quality of Banking’s loans, advances and receivables. Performing loans represent loans that are neither past due nor impaired. Non-performing loans represent loans that are past due and not past due but impaired.

PAST DUE NOT PAST DUE

IMPAIRED Non-performing loans Non-performing loans

NOT IMPAIRED Non-performing loans Performing loans

BANKING

2011 2010 $m $m

Performing loans

Loans, advances and receivables 43,538 46,505 Includes amounts with renegotiated terms 3 1 Collective allowance for impairment (55) (63) 43,486 46,443

Non-performing loans – not impaired

Non-performing – not impaired 3,336 3,190 Collective allowance for impairment (122) (138) 3,214 3,052

Non-performing loans – impaired

Individually impaired 2,381 2,122 Specifc allowance for impairment (387) (471) 1,994 1,651 Total Banking loans, advances and receivables 48,694 51,146

Ageing of past due but not impaired fnancial assets is used by Banking to measure and manage emerging credit risks. A summary of the ageing of past due but not impaired loans and advances and other receivables is noted below. The balances of fnancial assets other than loans, advances and other receivables are all neither past due nor impaired.

BANKING

Past due but not impaired

0-30 days 30-60 days 60-90 days 90-180 days > 180 days Total $m $m $m $m $m $m

2011

Loans and advances

Retail banking 886 301 143 180 119 1,629 Business banking 134 109 45 201 11 500 1,020 410 188 381 130 2,129

2010

Loans and advances

Retail banking 860 230 109 111 67 1,377 Business banking 158 142 58 153 13 524 1,018 372 167 264 80 1,901