HSBC 2001 Annual Report Download - page 106

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HSBC HOLDINGS PLC
Financial Review (continued)
104
Euro
p
e
Hon
g
Kon
g
Rest o
f
Asia-
Pacific
North
America
Latin
America Total
2000 US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Provisions at 1 Januar
y
..................................................... 2,153 1,887 2,686 857 437 8,020
Amounts written off:
Banks............................................................................ (9)
(9)
Commercial, industrial and international trade.............. (154 ) (202) (191) (96) (37) (680)
Real estate .................................................................... (27 ) (9) (58) (13 ) (3) (110)
Non-bank financial institutions..................................... (2 ) (8) (3)
(13)
Governments ................................................................ (37 )
(37)
Other commercial ......................................................... (68) (68) (149) (97) (15) (397)
Residential mortgages................................................... (5) (82) (5) (4) (7) (103)
Other personal .............................................................. (181) (73) (88) (90) (30) (462)
Total amounts written of
f
.............................................. (483) (442) (494) (300) (92) (1,811)
Recoveries of amounts written off in previous years:
Commercial, industrial and international trade.............. 4 3 3 1 2 13
Real estate .................................................................... 7
23
12
Non-bank financial institutions..................................... 3
21
6
Governments ................................................................ 3
3
Other commercial ......................................................... 4 4 23 11 1 43
Residential mortgages................................................... 1 1
13
Other personal .............................................................. 32 8 19 15 6 80
Total recoveries ............................................................ 54 16 49 31 10 160
Charge to profit and loss account:
Banks............................................................................ 2
2
Commercial, industrial and international trade.............. 87 81 107 84 48 407
Real estate .................................................................... (9 ) 40 19 10 5 65
Non-bank financial institutions..................................... 1
(3 ) (2 ) 2 (2 )
Governments ................................................................ (19 )
(19)
Other commercial ......................................................... (3 ) (30) (18) 75 26 50
Residential mortgages................................................... 1 101 5 9 12 128
Other personal .............................................................. 245 55 63 109 109 581
General provisions........................................................ 43 1 (188) (138) 2 (280)
Total charge.................................................................. 348 248 (15) 147 204 932
Foreign exchange and other movements†......................... 953 93 (135) (12 ) (3) 896
Provisions at 31 Decembe
r
............................................... 3,025 1,802 2,091 723 556 8,197
Provisions against banks:
Specific provisions ....................................................... 30
30
Provisions against customers:
Specific provisions ....................................................... 2,135 1,241 1,929 262 498 6,065
General provisions*...................................................... 860 561 162 461 58 2,102
Provisions at 31 Decembe
r
............................................... 3,025 1,802 2,091 723 556 8,197
Provisions against customers as a % of gross loans and
advances to customers:
Specific provisions ....................................................... 1.61 1.87 6.23 0.43 6.70 2.03
General provisions........................................................ 0.65 0.84 0.53 0.75 0.78 0.70
Total................................................................................. 2.26 2.71 6.76 1.18 7.48 2.73
* General provisions are allocated to geographical segments based on the location of the office booking the provision. Consequently, the general
provision booked in Hong Kong may cover assets booked in branches located outside Hong Kong, principally in the rest of Asia-Pacific, as well as
those booked in Hong Kong.
† Other movements include amounts transferred in on the acquisition of CCF of US$882 million.