HSBC 2006 Annual Report Download - page 212

HSBC HOLDINGS PLC
Report of the Directors: The Management of Risk (continued)
Credit risk > Impairment losses / HSBC Holdings / Risk elements
210
Charge for impairment losses as a percentage of average gross loans and advances to customers
(Unaudited)
Europe
%
Hong Kong
%
Rest of
Asia-Pacific
%
North
America
%
Latin
America
%
Total
%
Year ended 31 December 2006
New allowances net of allowance releases ........ 0.87 0.23 0.80 2.52 3.95 1.49
Recoveries............................................................ (0.14) (0.05) (0.13) (0.03) (0.50) (0.10)
Impairment allowances ....................................... 0.73 0.18 0.67 2.49 3.45 1.39
Total charge for impairment losses .................... 0.73 0.18 0.67 2.49 3.45 1.39
Amount written off net of recoveries ................. 0.77 0.20 0.62 1.77 3.36 1.15
Year ended 31 December 2005 (restated1)
New allowances net of allowance releases ........ 0.76 0.24 0.33 2.15 3.97 1.25
Recoveries............................................................ (0.03) (0.06) (0.13) (0.07) (0.68) (0.09)
Impairment allowances ....................................... 0.73 0.18 0.20 2.08 3.29 1.16
Total charge for impairment losses .................... 0.73 0.18 0.20 2.08 3.29 1.16
Amount written off net of recoveries ................. 1.00 0.31 0.37 2.02 2.77 1.26
Year ended 31 December 2004 (restated1)
New provisions ................................................... 0.78 0.31 0.77 2.61 3.09 1.41
Releases and recoveries ...................................... (0.33) (0.30) (0.49) (0.28) (1.32) (0.35)
Net charge for specific provisions ...................... 0.45 0.01 0.28 2.33 1.77 1.06
Total provisions charged .................................... 0.39 (0.29) 0.19 2.31 1.64 0.99
Amount written off net of recoveries ................. 0.46 0.33 0.61 2.57 3.41 1.26
Year ended 31 December 2003 (restated1)
New provisions ................................................... 0.76 0.89 0.96 3.06 2.22 1.60
Releases and recoveries ...................................... (0.25) (0.30) (0.80) (0.25) (0.65) (0.32)
Net charge for specific provisions ...................... 0.51 0.59 0.16 2.81 1.57 1.28
Total provisions charged .................................... 0.45 0.54 0.20 2.84 1.23 1.25
Amount written off net of recoveries ................. 0.39 0.73 0.86 2.58 7.20 1.40
Year ended 31 December 2002 (restated1)
New provisions ................................................... 0.62 0.75 1.13 0.50 7.05 0.78
Releases and recoveries ...................................... (0.21) (0.26) (0.90) (0.14) (1.13) (0.29)
Net charge for specific provisions ...................... 0.41 0.49 0.23 0.36 5.92 0.49
Total provisions charged .................................... 0.37 0.35 0.25 0.32 3.05 0.38
Amount written off net of recoveries ................. 0.25 0.72 1.55 0.42 2.74 0.56
1 In 2006, Mexico and Panama were reclassified from the North America segment to the Latin America segment. Comparative
information has been restated accordingly. See Note 13 on the Financial Statements.