HSBC 2001 Annual Report Download - page 109

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107
Europe
Hong
Kong
Rest o
f
Asia-
Pacific
Nort
h
America
Lati
n
America Total
1997 US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Provisions at 1 Januar
y
..................................................... 2,412 763 844 739
4,758
Acquisition of subsidiaries................................................
228 228
Amounts written off:
Banks............................................................................ (1 )
(1)
Commercial, industrial and international trade.............. (113) (34) (30) (24) (17) (218)
Real estate..................................................................... (91)
(5 ) (31 )
(127)
Non-bank financial institutions ..................................... (1)
(1)
Governments.................................................................
(19 )
(19)
Other commercial.......................................................... (10)
(1 ) (21 )
(32)
Residential mortgages ................................................... (1 )
(1 ) (10 )
(12)
Other personal............................................................... (138) (29) (19) (156)
(342)
Total amounts written of
f
.............................................. (355) (63) (56) (261) (17) (752)
Recoveries of amounts written off in previous years:
Banks............................................................................ 1
1
Commercial, industrial and international trade.............. 29 5 2 11
47
Real estate..................................................................... 12
112
25
Non-bank financial institutions ..................................... 14
12
26
Governments.................................................................
1
1
Other commercial.......................................................... 3
15
18
Other personal............................................................... 28 3 5 19
55
Total recoveries............................................................. 87 8 20 58
173
Charge to profit and loss account:
Banks............................................................................ (4 )
(4)
Commercial, industrial and international trade.............. 119 72 116 (12) 1 296
Real estate..................................................................... (33) 7 13 (16 )
(29)
Non-bank financial institutions ..................................... (22 ) 2 23 (2 )
1
Governments................................................................. (151)
(17 )
(168)
Other commercial.......................................................... 5 7 28 9 1 50
Residential mortgages ................................................... 5
74
16
Other personal............................................................... 165 30 31 141 4 371
General provisions* ...................................................... (15) 105 397 (28) 22 481
Total charge .................................................................. 69 223 615 79 28 1,014
Foreign exchange and other movements .......................... (137) 3 (123) 14
(243)
Provisions at 31 Decembe
r
................................................ 2,076 934 1,300 629 239 5,178
Provisions against banks:
Specific provisions........................................................ 45
1
46
Provisions against customers:
Specific provisions........................................................ 1,455 423 812 218 203 3,111
General provisions†...................................................... 576 511 487 411 36 2,021
Provisions at 31 Decembe
r
................................................ 2,076 934 1,300 629 239 5,178
Provisions against customers as a % of gross loans and
advances to customers:
Specific provisions........................................................ 1.62 0.59 2.49 0.46 3.96 1.26
General provisions ........................................................ 0.64 0.72 1.50 0.88 0.70 0.82
Total ................................................................................. 2.26 1.31 3.99 1.34 4.66 2.08
*Includes a special general provision of US$290 million reflecting the unsettled economic environment in the Asia-Pacific region.
†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