HSBC 2004 Annual Report Download - page 157

155
Year ended 31 December 2003
Europe
US$m
Hong Kong
US$m
Rest of
Asia-Pacific
US$m
North
America
US$m
South
America
US$m
Total
US$m
Specific provisions:
New provisions ................................................... 1,485 655 412 4,962 263 7,777
HSBC Finance1 .............................................. 193 – – 4,580 – 4,773
Rest of HSBC ................................................. 1,292 655 412 382 263 3,004
Release of provisions no longer required ............ (351) (182) (269) (87) (64) (953)
HSBC Finance1 .............................................. – – – (4) – (4)
Rest of HSBC ................................................. (351) (182) (269) (83) (64) (949)
Recoveries of amounts previously written off ..... (142) (42) (74) (335) (17) (610)
HSBC Finance1 .............................................. (25) – – (282) – (307)
Rest of HSBC ................................................. (117) (42) (74) (53) (17) (303)
992 431 69 4,540 182 6,214
General provisions:
HSBC Finance1 ................................................... 13 – – 100 – 113
Rest of HSBC ..................................................... (131) (31) 16 36 (124) (234)
(118) (31) 16 136 (124) (121)
Total bad and doubtful debt charge ..................... 874 400 85 4,676 58 6,093
Bank................................................................ (6) – 3 – – (3)
Customer......................................................... 880 400 82 4,676 58 6,096
Customer bad and doubtful debt charge
as a percentage of closing gross loans
and advances .................................................. 0.41% 0.53% 0.17% 2.36% 1.03% 1.12%
US$m US$m US$m US$m US$m US$m
31 December 2003
Non-performing loans ......................................... 5,701 1,671 1,538 5,444 696 15,050
HSBC Finance ............................................... 326 – – 4,380 – 4,706
Rest of HSBC ................................................. 5,375 1,671 1,538 1,064 696 10,344
Provisions ........................................................... 4,415 1,055 1,177 6,461 583 13,691
HSBC Finance ............................................... 154 – – 5,047 – 5,201
Rest of HSBC ................................................. 4,261 1,055 1,177 1,414 583 8,490
1 Since the date of acquisition.
Year ended 31 December 2002
Europe
US$m
Hong Kong
US$m
Rest of
Asia-Pacific
US$m
North
America
US$m
South
America
US$m
Total
US$m
Specific provisions:
New provisions ................................................... 963 528 400 399 388 2,678
Release of provisions no longer required ............ (271) (160) (268) (79) (48) (826)
Recoveries of amounts previously written off ..... (58) (25) (52) (35) (10) (180)
634 343 80 285 330 1,672
General provisions:
Argentine additional provision ............................ ––––(196) (196)
Other ................................................................... (65) (97) 9 15 (17) (155)
(65) (97) 9 15 (213) (351)
Total bad and doubtful debt charge ..................... 569 246 89 300 117 1,321
Customer bad and doubtful debt charge .............. 569 246 89 300 117 1,321
Customer bad and doubtful debt charge
as a percentage of closing gross loans
and advances .................................................. 0.34% 0.35% 0.23% 0.38% 3.27% 0.36%
US$m US$m US$m US$m US$m US$m
31 December 2002
Non-performing loans ......................................... 4,495 1,724 2,055 1,773 476 10,523
Provisions ........................................................... 3,645 1,143 1,496 2,356 477 9,117