HSBC 2002 Annual Report Download - page 129

127
Europe
Hong
Kong
Rest o
f
Asia-
Pacific
Nort
h
America
Sout
h
America
¶
Total
2000 US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Provisions at 1 Januar
y
..................................................... 2,153 1,887 2,686 864 430 8,020
Amounts written off: (9 )
–
–
–
–
(9)
Commercial, industrial and international trade.............. (154) (202) (191) (97) (36) (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) (301) (91) (1,811)
Recoveries of amounts written off in previous years:
Banks ............................................................................
–
–
–
–
–
–
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
Net charge to profit and loss account:
Banks ............................................................................ 2
–
–
–
–
2
Commercial, industrial and international trade.............. 87 81 107 89 43 407
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) 80 21 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) 157 194 932
Foreign exchange and other movements# ........................ 953 93 (135) (12) (3) 896
Provisions at 31 Decembe
r
................................................ 3,025 1,802 2,091 739 540 8,197
Provisions against banks:
Specific provisions........................................................ 30
–
–
–
–
30
Provisions against customers:
Specific provisions........................................................ 2,135 1,241 1,929 278 482 6,065
General provisions* ...................................................... 860 561 162 461 58 2,102
Provisions at 31 Decembe
r
................................................ 3,025 1,802 2,091 739 540 8,197
Provisions against customers as a % of gross loans and
Advances to customers:
Specific provisions........................................................ 1.61 1.87 6.23 0.44 7.54 2.03
General provisions ........................................................ 0.65 0.84 0.53 0.74 0.91 0.70
Total ................................................................................. 2.26 2.71 6.76 1.18 8.45 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.
¶ Formerly described as Latin America, which included group entities in Panama and Mexico, which are now included in North America. Figures for 1998
to 2001 have been restated to reflect this change.