HSBC 2012 Annual Report Download - page 179

177
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Charge for impairment losses as a percentage of average gross loans and advances to customers
(Unaudited)
2012
2011 2010 2009 2008
% % % % %
New allowances net of allowance releases ................................. 1.00 1.34 1.65 2.92 2.54
Recoveries ................................................................................... (0.12) (0.15) (0.12) (0.10) (0.09)
Total charge for impairment losses ............................................. 0.88 1.19 1.53 2.82 2.45
Amount written off net of recoveries .......................................... 0.93 1.14 2.08 2.71 1.75
Loans and advances to customers are excluded
from average balances when reclassified to ‘Assets
held for sale’. Including these loans and advances to
customers, the total new allowances net of allowance
releases would be 1.00%, recoveries 0.12%, and
amounts written off net of recoveries 0.93%.
Reconciliation of reported and constant currency changes by geographical region
(Unaudited)
31 Dec 11
as reported
Currency
translation
adjustment21
31 Dec 11
at 31 Dec 12
exchange
rates
Movement
on a
constant
currency
basis
31 Dec 12
as reported
Reported
change22
Constant
currency
change22
US$m US$m US$m US$m
US$m % %
Impaired loans
Europe ......................................... 11,819 451 12,270 (1,125) 11,145 (6) (9)
Hong Kong ................................. 608 1 609 (132) 477 (22) (22)
Rest of Asia-Pacific .................... 1,070 27 1,097 50 1,147 7 5
Middle East and North Africa .... 2,445 (6) 2,439 35
2,474 1 1
North America ............................ 22,758 17 22,775 (2,430) 20,345 (11) (11)
Latin America ............................. 3,039 (108) 2,931 257
3,188 5 9
41,739 382 42,121 (3,345) 38,776 (7) (8)
Impairment allowances
Europe ......................................... 5,292 203 5,495 (134) 5,361 1 (2)
Hong Kong ................................. 581 2 583 (110) 473 (19) (19)
Rest of Asia-Pacific .................... 782 17 799 (53) 746 (5) (7)
Middle East and North Africa .... 1,731 (5) 1,726 85
1,811 5 5
North America ............................ 7,239 14 7,253 (1,637) 5,616 (22) (23)
Latin America ............................. 2,011 (114) 1,897 265
2,162 8 13
17,636 117 17,753 (1,584) 16,169 (8) (9)
For footnotes, see page 249.