HSBC 2003 Annual Report Download - page 159

157
Year ended 31 December 2000
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 .................. 609 454 543 395 232 2,233
Release of provisions no
longer required ............. (248
)
(192
)
(321
)
(72
)
(28
)
(861
)
Recoveries of amounts
previously written off ... (56
)
(15
)
(49
)
(31
)
(9
)
(160
)
305 247 173 292 195 1,212
General provisions
Special provision reflecting
Asian risk raised in 1997 ––
(174
)
––
(174
)
Other ................................. 43 1 (14
)
(135
)
(1
)
(106
)
43 1 (188
)
(135
)
(1
)
(280
)
Total bad and doubtful
debt charge ................... 348 248 (15
)
157 194 932
Customer bad and doubtful
debt charge ................... 346 248 (15
)
157 194 930
Customer bad and doubtful
debt charge as a
percentage of closing
gross loans and
advances ....................... 0.26% 0.37% –0.25% 3.04% 0.31%
31 December 2000
Non-performing loans ....... 3,376 2,521 3,081 684 710 10,372
Provisions .......................... 2,995 1,802 2,091 739 540 8,167
Year ended 31 December 1999
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 .................. 764 720 1,084 231 194 2,993
Release of provisions no
longer required ............. (255
)
(91
)
(244
)
(56
)
(63
)
(709
)
Recoveries of amounts
previously written off ... (90
)
(10
)
(17
)
(44
)
(3
)
(164
)
419 619 823 131 128 2,120
General provisions
Argentine additional
provision ....................... ––––––
Other ................................. 19 (34
)
(14
)
(23
)
5(47
)
19 (34
)
(14
)
(23
)
5(47
)
Total bad and doubtful
debt charge ................... 438 585 809 108 133 2,073
Customer bad and doubtful
debt charge ................... 440 585 811 108 133 2,077
Customer bad and doubtful
debt charge as a
percentage of closing
gross loans and
advances ....................... 0.41% 0.90% 2.55% 0.20% 2.25% 0.79%
31 December 1999
Non-performing loans ....... 2,679 3,133 3,534 584 595 10,525
Provisions .......................... 2,129 1,887 2,686 864 430 7,996