HSBC 2001 Annual Report Download - page 186
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HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
184
17 Provisions for bad and doubtful debts
Provisions against advances
Specific Genera
l
Tota
l
Suspende
d
interest
US$m US$m US$m US$m
At 1 January 2001............................................. 6,095 2,102 8,197 1,016
Amounts written off.......................................... (2,178) – (2,178) (437)
Recoveries of advances written off in previous
years................................................................. 285 – 285 –
Charge to profit and loss account ..................... 1,464 573* 2,037 –
Interest suspended during the year.................... –––542
Suspended interest recovered............................ –––(228
)
Acquisition of subsidiaries ............................... –77–
Exchange and other movements ....................... (144) (21) (165) (32)
At 31 December 2001...................................... 5,522 2,661 8,183 861
Included in:
Loans and advances to banks (Note 15)............ 22
Loans and advances to customers (Note 16)..... 8,161
8,183
*includes an additional general provision of US$600 million for Argentinian exposures.
Provisions against advances
Specific Genera
l
Tota
l
Suspende
d
Interest
US$m US$m US$m US$m
At 1 January 2000.............................................. 5,716 2,304 8,020 1,073
Amounts written off........................................... (1,811) – (1,811) (370)
Recoveries of advances written off in previous
years................................................................. 160 – 160 –
Charge/(credit) to profit and loss account.......... 1,212 (280) 932 –
Interest suspended during the year..................... – – – 689
Suspended interest recovered............................. – – – (291)
Acquisition of subsidiaries ................................ 941 146 1,087 2
Exchange and other movements ........................ (123) (68) (191) (87)
At 31 December 2000........................................ 6,095 2,102 8,197 1,016
Included in:
Loans and advances to banks (Note 15)............. 30
Loans and advances to customers (Note 16)...... 8,167
8,197