HSBC 2010 Annual Report Download - page 122

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Credit quality > Impairment allowances
120
Movement in impairment allowances on loans and advances to customers and banks
(Audited)
Banks Customers
Individually
assessed8
Individually
assessed
Collectively
assessed Total
US$m US$m US$m US$m
2010
At 1 January .................................................................................. 107 6,494 19,048 25,649
Amounts written off ..................................................................... (9) (2,441) (16,850) (19,300)
Recoveries of loans and advances written off in
previous years ......................................................................... 2 143 875 1,020
Charge to income statement ......................................................... 12 2,613 10,923 13,548
Exchange and other movements ................................................... 46 (352) (370) (676)
At 31 December ............................................................................ 158 6,457 13,626 20,241
Customers
Personal .................................................................................... 615 11,678 12,293
Corporate and commercial ....................................................... 5,274 1,863 7,137
Financial ................................................................................... 568 85 653
% % % %
Impairment allowances as a percentage of loans and advances33,34 0.11 0.70 1.49 1.91
US$m US$m US$m US$m
2009
At 1 January .................................................................................. 63 3,284 20,625 23,972
Amounts written off ..................................................................... (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 ............................................................................ 107 6,494 19,048 25,649
Customers
Personal .................................................................................... 572 16,517 17,089
Corporate and commercial ....................................................... 5,528 2,354 7,882
Financial ................................................................................... 394 177 571
% % % %
Impairment allowances as a percentage of loans and advances33,34 0.09 0.75 2.21 2.63
For footnotes, see page 174.