HSBC 2010 Annual Report Download - page 124

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Credit quality > Impairment allowances
122
Movement in impairment allowances by industry sector and by geographical region
(Audited)
2010
Europe
Hong
Kong
Rest of
Asia-
Pacific
Middle
East
North
America
Latin
America Total
US$m US$m US$m US$m US$m US$m US$m
Impairment allowances at 1 January ........................ 6,227 804 996 1,393 13,676 2,553 25,649
Amounts written off ................................................. (3,001) (265) (678) (386) (12,601) (2,369) (19,300)
Personal .................................................................. (1,447) (150) (561) (375) (12,070) (1,855) (16,458)
– residential mortgages ....................................... (49) (1) (10) –(4,027) (76) (4,163)
– other personal ................................................... (1,398) (149) (551) (375) (8,043) (1,779) (12,295)
Corporate and commercial ..................................... (1,539) (109) (110) (11) (507) (513) (2,789)
– commercial, industrial and international
trade .................................................................. (385) (90) (46) (10) (174) (345) (1,050)
– commercial real estate and other property-
related ............................................................... (1,022) (18) (18) –(194) (28) (1,280)
– other commercial ............................................. (132) (1) (46) (1) (139) (140) (459)
Financial35 .............................................................. (15) (6) (7) – (24) (1) (53)
Recoveries of amounts written off in previous
years ....................................................................... 287 39 188 57 182 267 1,020
Personal .................................................................. 251 32 168 53 134 208 846
– residential mortgages ....................................... 29 4 3 – 30 27 93
– other personal ................................................... 222 28 165 53 104 181 753
Corporate and commercial ..................................... 33 7 7 4 46 59 156
– commercial, industrial and international
trade .................................................................. 16 7 5 2 19 43 92
– commercial real estate and other property-
related ............................................................... 6 – – – 11 4 21
– other commercial ............................................. 11 – 2 2 16 12 43
Financial35 .............................................................. 3 – 13 – 2 – 18
Charge to income statement36 ................................... 2,532 137 428 623 8,304 1,524 13,548
Personal .................................................................. 1,263 78 297 226 8,138 1,185 11,187
– residential mortgages ....................................... 153 (17) 11 46 3,189 79 3,461
– other personal ................................................... 1,110 95 286 180 4,949 1,106 7,726
Corporate and commercial ..................................... 1,080 72 146 304 269 327 2,198
– commercial, industrial and international
trade .................................................................. 395 21 100 165 25 203 909
– commercial real estate and other property-
related ............................................................... 360 (7) 12 117 178 – 660
– other commercial ............................................. 325 58 34 22 66 124 629
Financial35 .............................................................. 189 (13) (15) 93 (103) 12 163
Exchange and other movements ............................... (305) (86) 25 (18) (327) 35 (676)
At 31 December ....................................................... 5,740 629 959 1,669 9,234 2,010 20,241
Impairment allowances against banks:
– individually assessed ......................................... 77 – – 17 64 – 158
Impairment allowances against customers:
– individually assessed ......................................... 3,563 345 629 1,163 390 367 6,457
– collectively assessed37 ....................................... 2,100 284 330 489 8,780 1,643 13,626
At 31 December ........................................................ 5,740 629 959 1,669 9,234 2,010 20,241
% % % % % % %
Impairment allowances against customers as a
percentage of loans and advances to customers:
– individually assessed ......................................... 0.81 0.24 0.57 4.43 0.20 0.61 0.66
– collectively assessed37 ....................................... 0.48 0.20 0.30 1.86 4.40 2.74 1.39
At 31 December ........................................................ 1.29 0.44 0.87 6.29 4.60 3.35 2.05