HSBC 2009 Annual Report Download - page 231

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Financial investments on which credit quality
has been assessed increased by 23 per cent to
US$360 billion, with a significant increase in the
balance classified as ‘strong’. This reflected the
investment of surplus funds in government-
guaranteed, agency, supranational and government
debt securities in line with the bank’s risk appetite.
Past due but not impaired gross financial
instruments
(Audited)
Examples of exposures past due but not impaired
include overdue loans fully secured by cash
collateral; mortgages that are individually assessed
for impairment, and that are in arrears more than 90
days, but where the value of collateral is sufficient
to repay both the principal debt and all potential
interest for at least one year; and short-term trade
facilities past due more than 90 days for technical
reasons such as delays in documentation, but where
there is no concern over the creditworthiness of the
counterparty.
Past due but not impaired loans and advances to customers and banks by geographical region
(Audited)
Europe
Hong
Kong
Rest of
Asia-
Pacific7
Middle
East7
North
America
Latin
America
Gross
loans and
advances
past due not
impaired
US$m US$m US$m US$m US$m US$m US$m
At 31 December 2009 ........................................ 3,759 1,165 1,996 1,661 27,989 3,508 40,078
At 31 December 2008 ......................................... 3,800 1,805 1,863 2,457 35,247 3,250 48,422
For footnote, see page 291.
Past due but not impaired loans and advances to customers and banks by industry sector
(Audited)
At 31 December
2009 2008
US$m US$m
Banks ....................................................................................................................................................... 12 41
Customers ................................................................................................................................................ 40,066 48,381
Personal ............................................................................................................................................... 34,306 39,592
Corporate and commercial .................................................................................................................. 5,522 8,603
Financial .............................................................................................................................................. 238 186
40,078 48,422
Ageing analysis of days past due but not impaired gross financial instruments
(Audited)
Up to 29
days
30-59
days
60-89
days
90-179
days
180 days
and over Total
US$m US$m US$m US$m US$m US$m
At 31 December 2009
Loans and advances held at amortised cost .......................... 24,330 9,920 5,259 355 214 40,078
– loans and advances to banks ......................................... 12 – – – – 12
– loans and advances to customers .................................. 24,318 9,920 5,259 355 214 40,066
Other assets ........................................................................... 609 130 63 24 82 908
– endorsements and acceptances ...................................... 9 1 – 1 1 12
– other ............................................................................... 600 129 63 23 81 896
24,939 10,050 5,322 379 296 40,986