HSBC 2009 Annual Report Download - page 234

HSBC HOLDINGS PLC
Report of the Directors: Risk (continued)
Credit risk > Impairment allowances > Movements
232
Impairment allowances on loans and advances to customers and banks by industry sector
(Audited)
At 31 December 2009 At 31 December 2008
Individually
assessed
allowances
Collectively
assessed
allowances
Total
allowances
Individually
assessed
allowances
Collectively
assessed
allowances
Total
allowances
US$m US$m US$m US$m US$m US$m
Banks30 ........................................................ 107 – 107 63 – 63
Customers ................................................... 6,494 19,048 25,542 3,284 20,625 23,909
Personal8 ................................................. 572 16,517 17,089 312 18,657 18,969
Corporate and commercial ..................... 5,528 2,354 7,882 2,845 1,795 4,640
Financial ................................................. 394 177 571 127 173 300
6,601 19,048 25,649 3,347 20,625 23,972
For footnotes, see page 291.
Impairment allowances as a percentage of loans and advances31
(Unaudited)
At 31 December
2009 2008
% %
Banks
Individually assessed impairment allowances32 .................................................................................. 0.09 0.06
Customers32 .............................................................................................................................................. 2.96 2.63
Individually assessed impairment allowances32 .................................................................................. 0.75 0.36
Collectively assessed impairment allowances32 .................................................................................. 2.21 2.27
For footnotes, see page 291.
Movement in impairment allowances on loans and advances
(Audited)
Banks Customers
individually
assessed
Individually
assessed
Collectively
assessed Total
US$m US$m US$m US$m
At 1 January 2009 ..................................................................... 63 3,284 20,625 23,972
Amounts written off
8 ................................................................ (35) (1,563) (23,242) (24,840)
Recoveries of loans and advances written off in
previous years ..................................................................... 6 128 756 890
Charge to income statement ..................................................... 70 4,388 20,484 24,942
Exchange and other movements ............................................... 3 257 425 685
At 31 December 2009 .............................................................. 107 6,494 19,048 25,649
At 1 January 2008 ..................................................................... 7 2,699 16,506 19,212
Amounts written off ................................................................. – (824) (17,131) (17,955)
Recoveries of loans and advances written off in
previous years ..................................................................... – 113 721 834
Charge to income statement ..................................................... 54 2,010 22,067 24,131
Exchange and other movements ............................................... 2 (714) (1,538) (2,250)
At 31 December 2008 ............................................................... 63 3,284 20,625 23,972
For footnote, see page 291.