HSBC 2011 Annual Report Download - page 140

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Impairment of loans and advances > Impairment allowances
138
Movement in impairment allowances by industry sector and by geographical region
(Audited)
2011
Europe
Hong
Kong
Rest of
Asia-
Pacific MENA
North
America
Latin
America Total
US$m US$m US$m US$m US$m US$m US$m
Impairment allowances at 1 January ........................ 5,740 629 959 1,669 9,234 2,010 20,241
Amounts written off ................................................. (2,781) (210) (554) (187) (6,830) (1,918) (12,480)
Personal .................................................................. (1,685) (116) (391) (172) (6,591) (1,476) (10,431)
– residential mortgages ....................................... (25) –(6) (2) (2,545) (84) (2,662)
– other personal5 ................................................. (1,660) (116) (385) (170) (4,046) (1,392) (7,769)
Corporate and commercial ..................................... (1,066) (94) (161) (15) (233) (440) (2,009)
– manufacturing and international trade
and services ...................................................... (554) (64) (120) (4) (100) (295) (1,137)
– commercial real estate and other property-
related ............................................................... (265) (6) (13) (10) (83) (15) (392)
– other commercial7 ............................................ (247) (24) (28) (1) (50) (130) (480)
Financial29 .............................................................. (30) – (2) – (6) (2) (40)
Recoveries of amounts written off in previous
years ....................................................................... 572 47 185 102 132 388 1,426
Personal .................................................................. 525 31 168 53 101 297 1,175
– residential mortgages ....................................... 21 4 3 – 39 19 86
– other personal5 ................................................. 504 27 165 53 62 278 1,089
Corporate and commercial ..................................... 44 16 12 49 30 91 242
– manufacturing and international trade
and services ...................................................... 19 16 828 82 135
– commercial real estate and other property-
related ............................................................... 7–1–8 4 20
– other commercial7 ............................................ 18 – 3 47 14 5 87
Financial29 .............................................................. 3 – 5 – 1 – 9
Charge to income statement30 ................................... 1,902 117 274 292 7,050 1,870 11,505
Personal .................................................................. 610 77 215 124 6,887 1,405 9,318
– residential mortgages ....................................... 98 (10) 542 3,899 69 4,103
– other personal5 ................................................. 512 87 210 82 2,988 1,336 5,215
Corporate and commercial ..................................... 1,277 37 55 146 122 477 2,114
– manufacturing and international trade
and services ...................................................... 416 57 35 25 42 326 901
– commercial real estate and other property-
related ............................................................... 498 – 9 150 48 59 764
– other commercial7 ............................................ 363 (20) 11 (29) 32 92 449
Financial29 .............................................................. 15 3 4 22 41 (12) 73
Exchange and other movements ............................... (141) (2) (82) (145) (2,347) (339) (3,056)
At 31 December ....................................................... 5,292 581 782 1,731 7,239 2,011 17,636
Impairment allowances against banks:
– individually assessed ......................................... 50 – – 17 58 – 125
Impairment allowances against customers:
– individually assessed ......................................... 3,754 288 505 1,250 416 324 6,537
– collectively assessed31 ....................................... 1,488 293 277 464 6,765 1,687 10,974
At 31 December ........................................................ 5,292 581 782 1,731 7,239 2,011 17,636
% % % % % % %
Impairment allowances against customers as a
percentage of loans and advances to customers:
– individually assessed ......................................... 0.85 0.18 0.41 4.53 0.28 0.56 0.68
– collectively assessed31 ....................................... 0.34 0.19 0.22 1.68 4.51 2.91 1.15
At 31 December ........................................................ 1.19 0.37 0.63 6.21 4.79 3.47 1.83