HSBC 2007 Annual Report Download - page 235

233
Movement in provisions by industry segment and by geographical region
(Unaudited)
2004
Europe
Hong
Kong
Rest of
Asia-
Pacific
North
America
Latin
America Total
US$m US$m US$m US$m US$m US$m
Provisions at 1 January ....................................... 4,435 1,055 1,181 5,665 1,379 13,715
IFRSs transition adjustment at 1 January ........... (2) (34) (21) – (1) (58)
Amounts written off ........................................... (1,331) (302) (403) (6,125) (683) (8,844)
Commercial, industrial and international
trade ............................................................ (298) (35) (164) (61) (65) (623)
Real estate ....................................................... (30) (55) (17) (3) (1) (106)
Non-bank financial institutions ...................... (14) (2) (1) (3) (20)
Other commercial ........................................... (209) (33) (42) (29) (185) (498)
Residential mortgages .................................... (10) (52) (8) (463) (28) (561)
Other personal ................................................ (770) (125) (171) (5,566) (404) (7,036)
Recoveries of amounts written off in previous
years ................................................................ 136 47 70 504 156 913
Commercial, industrial and international
trade ............................................................ 27 10 4 38 39 118
Real estate ....................................................... 3 – 10 4 – 17
Non-bank financial institutions ...................... 3 – – – – 3
Other commercial ........................................... 5 3 14 18 45 85
Residential mortgages .................................... 1 12 1 8 9 31
Other personal ................................................ 97 22 41 436 63 659
Net charge to profit and loss account3 ................ 1,023 (220) 102 5,018 272 6,195
Banks .............................................................. (7) – (1) – (2) (10)
Commercial, industrial and international
trade ............................................................ 180 (56) 52 (9) 12 179
Real estate ....................................................... 21 (15) (28) (1) 1 (22)
Non-bank financial institutions ...................... 18 (3) (1) 1 – 15
Governments .................................................. – – – 1 – 1
Other commercial ........................................... (65) (29) (18) (21) (35) (168)
Residential mortgages .................................... 3 (14) 4 494 (5) 482
Other personal ................................................ 1,035 120 142 4,616 303 6,216
General provisions .......................................... (162) (223) (48) (63) (2) (498)
Foreign exchange and other movements ............ 551 (24) 14 150 (53) 638
Provisions at 31 December ................................. 4,812 522 943 5,212 1,070 12,559
Provisions against banks:
– specific provisions ....................................... 14 – 3 – – 17
Provisions against customers:
– specific provisions ....................................... 4,036 320 785 4,106 770 10,017
– general provisions2 ...................................... 762 202 155 1,106 300 2,525
Provisions at 31 December ................................. 4,812 522 943 5,212 1,070 12,559
% % % % % %
Provisions against customers as a percentage
of loans and advances to customers
– specific provisions ....................................... 1.43 0.40 1.27 1.67 4.58 1.46
– general provisions ....................................... 0.27 0.25 0.25 0.45 1.79 0.37
At 31 December .................................................. 1.70 0.65 1.52 2.12 6.37 1.83
For footnotes, see page 234.