HSBC 2011 Annual Report Download - page 138

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Impairment of loans and advances > Impairment allowances
136
Movement in impairment allowances on loans and advances to customers and banks
(Audited)
Banks Customers
individually
assessed
Individually
assessed
Collectively
assessed Total
US$m US$m US$m US$m
2011
At 1 January .................................................................................. 158 6,457 13,626 20,241
Amounts written off ..................................................................... (16) (1,633) (10,831) (12,480)
Recoveries of loans and advances previously written off ............ – 191 1,235 1,426
Charge to income statement ......................................................... (16) 1,931 9,590 11,505
Exchange and other movements26 ................................................ (1) (409) (2,646) (3,056)
At 31 December ............................................................................ 125 6,537 10,974 17,636
Impairment allowances on loans and advances to customers ...... 6,537 10,974 17,511
– personal ................................................................................ 694 9,066 9,760
– corporate and commercial .................................................... 5,231 1,820 7,051
– financial ................................................................................ 612 88 700
% % % %
As a percentage of loans and advances27,28 .............................. 0.09 0.71 1.20 1.67
US$m US$m US$m US$m
2010
At 1 January .................................................................................. 107 6,494 19,048 25,649
Amounts written off ..................................................................... (9) (2,441) (16,850) (19,300)
Recoveries of loans and advances previously written off ............ 2 143 875 1,020
Charge to income statement ......................................................... 12 2,613 10,923 13,548
Exchange and other movements ................................................... 46 (352) (370) (676)
At 31 December ............................................................................ 158 6,457 13,626 20,241
Impairment allowances on loans and advances to customers ...... 6,457 13,626 20,083
– personal ................................................................................ 615 11,678 12,293
– corporate and commercial .................................................... 5,274 1,863 7,137
– financial ................................................................................ 568 85 653
% % % %
As a percentage of loans and advances27,28 .............................. 0.11 0.70 1.49 1.91
For footnotes, see page 185.