HSBC 2001 Annual Report Download - page 108
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HSBC HOLDINGS PLC
Financial Review (continued)
106
Euro
p
e
Hon
g
Kon
g
Rest o
f
Asia-
Pacific
North
America
Latin
America Total
1998 US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Provisions at 1 Januar
y
..................................................... 2,076 934 1,300 629 239 5,178
Amounts written off:
Banks............................................................................ (24)
(4)
(28)
Commercial, industrial and international trade.............. (147 ) (34) (19) (32) (3) (235)
Real estate .................................................................... (54 ) (10) (18) (13 )
(95)
Non-bank financial institutions..................................... (2 )
(2)
Governments ................................................................ (10 )
(10)
Other commercial ......................................................... (203) (50) (300) (19 ) (4) (576)
Residential mortgages................................................... (3)
(1 ) (10 )
(14)
Other personal .............................................................. (190) (47) (55) (122) (24) (438)
Total amounts written of
f
.............................................. (633) (141) (397) (196) (31) (1,398)
Recoveries of amounts written off in previous years:
Commercial, industrial and international trade.............. 28 1 6 3
38
Real estate .................................................................... 25
121
47
Non-bank financial institutions..................................... 1
1
2
Governments ................................................................ 1
1
Other commercial ......................................................... 4 3
14
21
Other personal .............................................................. 27 5 9 22
63
Total recoveries ............................................................ 86 9 16 61
172
Charge to profit and loss account:
Banks............................................................................ 4
5
9
Commercial, industrial and international trade.............. 67 361 679 48 70 1,225
Real estate .................................................................... (54 ) 105 113 (45) 2 121
Non-bank financial institutions..................................... (1 ) 45 43
87
Governments ................................................................
1
1
Other commercial ......................................................... 60 107 272 4 26 469
Residential mortgages...................................................
59 27 8 9 103
Other personal .............................................................. 245 88 88 129 62 612
General provisions........................................................ 48 (18) (8) (36) 24 10
Total charge.................................................................. 369 747 1,219 109 193 2,637
Foreign exchange and other movements .......................... 34 5 43 (9) (4) 69
Provisions at 31 Decembe
r
............................................... 1,932 1,554 2,181 594 397 6,658
Provisions against banks:
Specific provisions ....................................................... 28
3
31
Provisions against customers:
Specific provisions ....................................................... 1,286 1,059 1,701 223 339 4,608
General provisions*...................................................... 618 495 477 371 58 2,019
Provisions at 31 Decembe
r
............................................... 1,932 1,554 2,181 594 397 6,658
Provisions against customers as a % of gross loans and
advances to customers:
Specific provisions ....................................................... 1.37 1.55 5.26 0.53 6.13 1.90
General provisions........................................................ 0.66 0.72 1.47 0.87 1.05 0.83
Total................................................................................. 2.03 2.27 6.73 1.40 7.18 2.73
* General provisions are allocated to geographical segments based on the location of the office booking the provision. Consequently, the general
provision booked in Hong Kong may cover assets booked in branches located outside Hong Kong, principally in the rest of Asia-Pacific, as well as
those booked in Hong Kong