HSBC 2008 Annual Report Download - page 227

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Movement in impairment allowances by industry sector
(Audited: 2008 to 2005; Unaudited: 2004)
2008 2007 2006 2005 2004
US$m US$m US$m US$m US$m
Impairment allowances at 1 January ........................................... 19,212 13,585 11,366 12,559 13,715
IFRS transition adjustment at 1 January 2004 ............................. – – – – (58)
Amounts written off .................................................................... (17,955) (12,844) (9,473) (9,043) (8,844)
Personal ................................................................................... (16,625) (11,670) (8,281) (8,046) (7,597)
– residential mortgages ....................................................... (2,110) (930) (628) (508) (561)
– other personal ................................................................... (14,515) (10,740) (7,653) (7,538) (7,036)
Corporate and commercial ...................................................... (1,294) (1,163) (1,153) (984) (1,227)
– commercial, industrial and international trade ................ (789) (897) (782) (673) (623)
– commercial real estate and other property-related .......... (115) (98) (111) (117) (106)
– other commercial ............................................................. (390) (168) (260) (194) (498)
Financial4 ................................................................................. (36) (11) (39) (13) (20)
Recoveries of amounts written off in previous years................... 834 1,005 779 494 913
Personal ................................................................................... 686 837 605 320 690
– residential mortgages ....................................................... 19 19 19 18 31
– other personal ................................................................... 667 818 586 302 659
Corporate and commercial ...................................................... 142 157 163 174 220
– commercial, industrial and international trade ................ 76 74 88 76 118
– commercial real estate and other property-related .......... 629 21 9 17
– other commercial ............................................................. 60 54 54 89 85
Financial4 ................................................................................. 6 11 11 – 3
Charge to income statement1,2 ...................................................... 24,131 17,177 10,547 7,860 6,195
Personal ................................................................................... 20,950 15,968 9,929 7,249 6,698
– residential mortgages ....................................................... 5,000 1,840 1,096 605 482
– other personal ................................................................... 15,950 14,128 8,833 6,644 6,216
Corporate and commercial ...................................................... 2,879 1,176 664 618 (11)
– commercial, industrial and international trade ................ 1,573 897 503 588 179
– commercial real estate and other property-related .......... 755 152 75 56 (22)
– other commercial ............................................................. 551 127 86 (26) (168)
Financial4 ................................................................................. 302 36 (9) (13) 5
Governments ........................................................................... – (3) (37) 6 1
General provisions ................................................................... – – – – (498)
Exchange and other movements .................................................. (2,250) 289 366 (504) 638
Impairment allowances at 31 December2 ................................ 23,972 19,212 13,585 11,366 12,559
Impairment allowances against banks2:
– individually assessed2 ........................................................... 63 7 7 9 17
Impairment allowances against customers2:
– individually assessed2 ........................................................... 3,284 2,699 2,565 2,683 10,017
– collectively assessed2,3 ......................................................... 20,625 16,506 11,013 8,674 2,525
Impairment allowances at 31 December2 .................................... 23,972 19,212 13,585 11,366 12,559
% % % % %
Impairment allowances against customers as a percentage of
loans and advances to customers2:
– individually assessed2 ........................................................... 0.34 0.27 0.29 0.36 1.46
– collectively assessed2 ........................................................... 2.16 1.65 1.25 1.16 0.37
At 31 December ........................................................................... 2.50 1.92 1.54 1.52 1.83
For footnotes, see page 227.