HSBC 2004 Annual Report Download - page 158

HSBC HOLDINGS PLC
Financial Review (continued)
156
Net charge to the profit and loss account for bad and doubtful debts (continued)
Year ended 31 December 2001
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 ................................................... 802 449 577 392 346 2,566
Release of provisions no longer required ............ (260) (212) (268) (42) (35) (817)
Recoveries of amounts previously written off ..... (65) (31) (138) (43) (8) (285)
477 206 171 307 303 1,464
General provisions:
Argentine additional provision ............................ ––––600 600
Other ................................................................... (36) (9) 1 (7) 24 (27)
(36) (9) 1 (7) 624 573
Total bad and doubtful debt charge ..................... 441 197 172 300 927 2,037
Customer bad and doubtful debt charge .............. 441 197 172 300 927 2,037
Customer bad and doubtful debt charge
as a percentage of closing gross loans
and advances .................................................. 0.32% 0.29% 0.52% 0.41% 17.80% 0.64%
US$m US$m US$m US$m US$m US$m
31 December 2001
Non-performing loans ......................................... 3,682 2,028 2,723 672 544 9,649
Provisions ........................................................... 3,045 1,408 1,952 723 1,033 8,161
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%
US$m US$m US$m US$m US$m US$m
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