HSBC 2005 Annual Report Download - page 135

133
Movement in allowance accounts for total loans and advances
(Audited IFRS 7 information)
2005
Individually
assessed
Collectively
assessed Total
US$m US$m US$m
At 1 January ................................................................................................. 12,881
IFRSs transition at 1 January ........................................................................ (247)
At 1 January ................................................................................................. 3,728 8,906 12,634
Amounts written off ..................................................................................... (1,102) (7,941) (9,043)
Recoveries of loans and advances written off in previous years ................... 199 295 494
Charge to income statement ......................................................................... 518 7,342 7,860
Exchange and other movements ................................................................... (664) 85 (579)
At 31 December ........................................................................................... 2,679 8,687 11,366
Impairment allowances against loans and advances to customers
2005 2004
%%
Total impairment allowances to gross lending1
Individually assessed impairment allowances ................................................................................. 0.36 –
Collectively assessed impairment allowances ................................................................................. 1.18 –
Total provisions to gross lending1
Specific provisions ......................................................................................................................... –1.56
General provisions ......................................................................................................................... –0.39
1.54 1.95
1Net of reverse repo transactions and settlement accounts.