HSBC 2001 Annual Report Download - page 107

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105
Euro
p
e
Hon
g
Kon
g
Rest o
f
Asia-
Pacific
North
America
Latin
America Total
1999 US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Provisions at 1 Januar
y
..................................................... 1,932 1,554 2,181 594 397 6,658
Amounts written off:
Commercial, industrial and international trade.............. (89 ) (146) (130) (33) (36) (434)
Real estate..................................................................... (25) (14) (32) (2) (1) (74)
Non-bank financial institutions ..................................... (1)
(35 ) (2 )
(38)
Governments.................................................................
Other commercial.......................................................... (43) (15) (49) (12) (14) (133)
Residential mortgages ................................................... (2 ) (3) (5) (10) (4) (24)
Other personal............................................................... (222) (78) (62) (106) (15) (483)
Total amounts written of
f
.............................................. (382) (256) (313) (165) (70) (1,186)
Recoveries of amounts written off in previous years:
Banks............................................................................
1
1
Commercial, industrial and international trade.............. 15 1 1 3 2 22
Real estate..................................................................... 2
213
17
Non-bank financial institutions ..................................... 20
20
Governments................................................................. 11
11
Other commercial.......................................................... 10 1 1 9
21
Other personal............................................................... 32 8 13 19 1 73
Total recoveries............................................................. 90 10 18 44 3 165
Charge to profit and loss account:
Banks............................................................................ (2 )
(2)
(4)
Commercial, industrial and international trade.............. 155 273 414 59 45 946
Real estate..................................................................... (14) 96 86 (18) 4 154
Non-bank financial institutions ..................................... 11 45 75 1
132
Governments................................................................. (62)
(2 )
(64)
Other commercial.......................................................... 19 42 169 11 33 274
Residential mortgages ...................................................
86 7 1 8 102
Other personal............................................................... 312 77 74 79 38 580
General provisions ........................................................ 19 (34) (14) (23) 5 (47)
Total charge .................................................................. 438 585 809 108 133 2,073
Foreign exchange and other movements .......................... 75 (6) (9) 276 (26) 310
Provisions at 31 Decembe
r
................................................ 2,153 1,887 2,686 857 437 8,020
Provisions against banks:
Specific provisions........................................................ 24
24
Provisions against customers:
Specific provisions........................................................ 1,411 1,428 2,221 254 378 5,692
General provisions* ...................................................... 718 459 465 603 59 2,304
Provisions at 31 Decembe
r
................................................ 2,153 1,887 2,686 857 437 8,020
Provisions against customers as a % of gross loans and
advances to customers:
Specific provisions........................................................ 1.33 2.20 6.98 0.47 6.38 2.17
General provisions ........................................................ 0.68 0.71 1.46 1.12 1.00 0.88
Total ................................................................................. 2.01 2.91 8.44 1.59 7.38 3.05
* 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.