HSBC 2004 Annual Report Download - page 155

153
Year ended 31 December 2000
Europe
Hong
Kong
Rest of
Asia-
Pacific
North
America
South
America Total
US$m US$m US$m US$m US$m US$m
Provisions at 1 January ....................................... 2,153 1,887 2,686 864 430 8,020
Amounts written off:
Banks ............................................................... (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 off ................................ (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 account1:
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 movements2 ............ 953 93 (135) (12) (3) 896
Provisions at 31 December................................... 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 provisions3 ......................................... 860 561 162 461 58 2,102
Provisions at 31 December .................................. 3,025 1,802 2,091 739 540 8,197
Provisions against customers as a percentage
of 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
1See table below ‘Net charge to the profit and loss account for bad and doubtful debts’.
2Other movements include amounts transferred in on the acquisition of CCF of US$882 million.
3General 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.