HSBC 2008 Annual Report Download - page 229

227
2007
Europe
Hong
Kong
Rest of
Asia-
Pacific
North
America
Latin
America
Total
US$m US$m US$m US$m US$m US$m
Impairment allowances at 1 January ........................... 3,683 365 901 7,247 1,389 13,585
Amounts written off .................................................... (2,940) (251) (724) (7,444) (1,485) (12,844)
Personal ..................................................................... (2,402) (180) (615) (7,273) (1,200) (11,670)
– residential mortgages .......................................... (7) (8) (16) (878) (21) (930)
– other personal ...................................................... (2,395) (172) (599) (6,395) (1,179) (10,740)
Corporate and commercial ........................................ (533) (71) (109) (166) (284) (1,163)
– commercial, industrial and international trade ... (371) (57) (94) (122) (253) (897)
– commercial real estate and other property-related (72) (4) (5) (14) (3) (98)
– other commercial ................................................ (90) (10) (10) (30) (28) (168)
Financial4 .................................................................. (5) – – (5) (1) (11)
Recoveries of amounts written off in previous years .. 542 43 124 62 234 1,005
Personal ..................................................................... 468 36 100 29 204 837
– residential mortgages .......................................... – 6 3 1 9 19
– other personal ...................................................... 468 30 97 28 195 818
Corporate and commercial ........................................ 66 7 23 31 30 157
– commercial, industrial and international trade ... 14 5 10 21 24 74
– commercial real estate and other property-related 19 1 7 1 1 29
– other commercial ................................................ 33 1 6 9 5 54
Financial4 .................................................................. 8 – 1 2 – 11
Charge to income statement1 ....................................... 2,543 212 614 12,111 1,697 17,177
Personal ..................................................................... 2,035 157 550 11,854 1,372 15,968
– residential mortgages .......................................... 7 (14) 16 1,784 47 1,840
– other personal ...................................................... 2,028 171 534 10,070 1,325 14,128
Corporate and commercial ........................................ 499 53 63 236 325 1,176
– commercial, industrial and international trade ... 353 57 82 125 280 897
– commercial real estate and other property-related 119 (4) (21) 52 6 152
– other commercial ................................................ 27 – 2 59 39 127
Financial4 .................................................................. 12 2 1 21 – 36
Governments ............................................................. (3) – – – – (3)
Exchange and other movements .................................. 110 7 11 4 157 289
Impairment allowances at 31 December ..................... 3,938 376 926 11,980 1,992 19,212
Impairment allowances against banks:
– individually assessed ............................................ 7 – – – – 7
Impairment allowances against customers:
– individually assessed ............................................ 1,846 132 349 119 253 2,699
– collectively assessed3 ........................................... 2,085 244 577 11,861 1,739 16,506
Impairment allowances at 31 December ..................... 3,938 376 926 11,980 1,992 19,212
% % % % % %
Impairment allowances against customers as a
percentage of loans and advances to customers:
– individually assessed ............................................ 0.40 0.15 0.34 0.04 0.51 0.27
– collectively assessed ............................................. 0.46 0.27 0.56 3.93 3.48 1.65
At 31 December ........................................................... 0.86 0.42 0.90 3.97 3.99 1.92
1 See table below ‘Net loan impairment charge to the income statement by geographical region’.
2 In 2004, ‘Charge to income statement’ was ‘Net charge to profit and loss account’; ‘Impairment allowances’ were ‘Provisions’;
‘Individually assessed impairment allowances’ were ‘Specific provisions’; and ‘Collectively assessed impairment allowances’ were
‘General provisions’.
3 Collectively assessed impairment allowances (2004: ‘General provisions’) are allocated to geographical segments based on the location
of the office booking the allowances or provisions. Consequently, the collectively assessed impairment allowances booked in Hong Kong
may cover assets booked in branches located outside Hong Kong, principally in Rest of Asia-Pacific, as well as those booked in Hong
Kong.
4 Includes movement in impairment allowances against banks.