HSBC 2002 Annual Report Download - page 130

HSBC HOLDINGS PLC
Financial Review (continued)
128
Europe
Hong
Kong
Rest o
f
Asia-
Pacific
Nort
h
America
Sout
h
America
¶
Total
1999 US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Provisions at 1 Januar
y
..................................................... 1,932 1,554 2,181 599 392 6,658
Amounts written off:
Banks............................................................................
Commercial, industrial and international trade.............. (89 ) (146) (130) (33) (36) (434)
Real estate .................................................................... (25 ) (14) (32) (2 ) (1) (74)
Non-bank financial institutions..................................... (1 )
–
(35 ) (2 )
–
(38)
Governments ................................................................
–
–
–
–
–
–
Other commercial......................................................... (43) (15) (49) (12) (14) (133)
Residential mortgages................................................... (2 ) (3) (5) (10 ) (4) (24)
Other personal .............................................................. (222 ) (78) (62) (106) (15) (483)
Total amounts written of
f
.............................................. (382 ) (256) (313) (165) (70) (1,186)
Recoveries of amounts written off in previous years:
Banks............................................................................
–
–
1
–
–
1
Commercial, industrial and international trade.............. 15 1 1 3 2 22
Real estate .................................................................... 2
–
213
–
17
Non-bank financial institutions..................................... 20
–
–
–
–
20
Governments ................................................................ 11
–
–
–
–
11
Other commercial......................................................... 10 1 1 9
–
21
Other personal .............................................................. 32 8 13 19 1 73
Total recoveries ............................................................ 90 10 18 44 3 165
Net charge to profit and loss account:
Banks............................................................................ (2)
–
(2)
–
–
(4)
Commercial, industrial and international trade.............. 155 273 414 60 44 946
Real estate .................................................................... (14 ) 96 86 (18) 4 154
Non-bank financial institutions..................................... 11 45 75 1
–
132
Governments ................................................................ (62)
–
–
(2 )
–
(64)
Other commercial......................................................... 19 42 169 11 33 274
Residential mortgages...................................................
–
86 7 1 8 102
Other personal .............................................................. 312 77 74 79 38 580
General provisions........................................................ 19 (34) (14) (23) 5 (47)
Total charge.................................................................. 438 585 809 109 132 2,073
Foreign exchange and other movements .......................... 75 (6) (9) 277 (27) 310
Provisions at 31 Decembe
r
............................................... 2,153 1,887 2,686 864 430 8,020
Provisions against banks:
Specific provisions ....................................................... 24
–
–
–
–
24
Provisions against customers:
Specific provisions ....................................................... 1,411 1,428 2,221 261 371 5,692
General provisions*...................................................... 718 459 465 603 59 2,304
Provisions at 31 Decembe
r
............................................... 2,153 1,887 2,686 864 430 8,020
Provisions against customers as a % of gross loans and
Advances to customers:
Specific provisions ....................................................... 1.33 2.20 6.98 0.48 6.60 2.17
General provisions........................................................ 0.68 0.71 1.46 1.12 1.05 0.88
Total................................................................................. 2.01 2.91 8.44 1.60 7.65 3.05
* General provisions are allocated to geographical segments based on the location of the office booking the provision. Consequently, the general provision
booked in Hong Kong may cover assets booked in branches located outside Hong Kong, principally in the rest of Asia-Pacific, as well as those booked in
Hong Kong.
¶ Formerly described as Latin America, which included group entities in Panama and Mexico, which are now included in North America. Figures for 1998
to 2001 have been restated to reflect this change.