HSBC 2003 Annual Report Download - page 158

HSBC HOLDINGS PLC
Financial Review (continued)
156
Bad and doubtful debt provisions (continued)
Year ended 31 December 2002
Europe
US$m
Hong Kong
US$m
Rest of
Asia-Pacific
US$m
North
America
US$m
South
America
US$m
Total
US$m
Specific provisions
New provisions .................. 963 528 400 399 388 2,678
Release of provisions no
longer required ............. (271) (160) (268) (79) (48) (826)
Recoveries of amounts
previously written off ... (58) (25) (52) (35) (10) (180)
634 343 80 285 330 1,672
General provisions
Argentine additional
provision ....................... –––– (196) (196)
Other ................................. (65) (97) 9 15 (17) (155)
(65) (97) 9 15 (213) (351)
Total bad and doubtful
debt charge ................... 569 246 89 300 117 1,321
Customer bad and doubtful
debt charge ................... 569 246 89 300 117 1,321
Customer bad and doubtful
debt charge as a
percentage of closing
gross loans and
advances ....................... 0.34% 0.35% 0.23% 0.38% 3.27% 0.36%
31 December 2002
Non-performing loans ....... 4,495 1,724 2,055 1,773 476 10,523
Provisions .......................... 3,645 1,143 1,496 2,356 477 9,117
Year ended 31 December 2001
Europe
US$m
Hong Kong
US$m
Rest of
Asia-Pacific
US$m
North
America
US$m
South
America
US$m
Total
US$m
Specific provisions
New provisions .................. 802 449 577 392 346 2,566
Release of provisions no
longer required ............. (260) (212) (268) (42) (35) (817)
Recoveries of amounts
previously written off ... (65) (31) (138) (43) (8) (285)
477 206 171 307 303 1,464
General provisions
Argentine additional
provision ....................... ––––
600 600
Other ................................. (36) (9) 1 (7) 24 (27)
(36) (9) 1 (7) 624 573
Total bad and doubtful
debt charge ................... 441 197 172 300 927 2,037
Customer bad and doubtful
debt charge ................... 441 197 172 300 927 2,037
Customer bad and doubtful
debt charge as a
percentage of closing
gross loans and
advances ....................... 0.32% 0.29% 0.52% 0.41% 17.80% 0.64%
31 December 2001
Non-performing loans ....... 3,682 2,028 2,723 672 544 9,649
Provisions .......................... 3,045 1,408 1,952 723 1,033 8,161