HSBC 2011 Annual Report Download - page 143

141
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Net loan impairment charge to the income statement by geographical region
(Unaudited)
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
2011
Individually assessed impairment allowances ......... 1,262 18 67 199 243 126 1,915
New allowances .................................................... 1,670 79 207 328 398 222 2,904
Release of allowances no longer required ........... (378) (41) (114) (80) (111) (74) (798)
Recoveries of amounts previously written off ..... (30) (20) (26) (49) (44) (22) (191)
Collectively assessed impairment allowances ......... 640 99 207 93 6,807 1,744 9,590
New allowances net of allowance releases .......... 1,181 126 366 147 6,894 2,111 10,825
Recoveries of amounts previously written off ..... (541) (27) (159) (54) (87) (367) (1,235)
Total charge for impairment losses .......................... 1,902 117 274 292 7,050 1,870 11,505
Banks ................................................................... (11) – – – (5) – (16)
Customers ............................................................ 1,913 117 274 292 7,055 1,870 11,521
At 31 December 2011
Impaired loans8 ......................................................... 11,819 608 1,070 2,445 22,758 3,039 41,739
Impairment allowances ............................................. 5,292 581 782 1,731 7,239 2,011 17,636
2010
Individually assessed impairment allowances ......... 1,445 45 198 502 348 87 2,625
New allowances .................................................... 1,874 111 311 561 580 180 3,617
Release of allowances no longer required ........... (394) (54) (84) (55) (196) (64) (847)
Recoveries of amounts previously written off ..... (35) (12) (29) (4) (36) (29) (145)
Collectively assessed impairment allowances ......... 1,087 92 230 121 7,956 1,437 10,923
New allowances net of allowance releases .......... 1,339 119 389 174 8,102 1,675 11,798
Recoveries of amounts previously written off ..... (252) (27) (159) (53) (146) (238) (875)
Total charge for impairment losses .......................... 2,532 137 428 623 8,304 1,524 13,548
Banks ................................................................... 2––28 – 12
Customers ............................................................ 2,530 137 428 621 8,296 1,524 13,536
At 31 December 2010
Impaired loans8 ......................................................... 11,500 665 1,324 2,549 27,902 3,124 47,064
Impairment allowances ............................................. 5,740 629 959 1,669 9,234 2,010 20,241
For footnote, see page 185.
Charge for impairment losses as a percentage of average gross loans and advances to customers
(Unaudited)
2011
2010 2009 2008 2007
% % % % %
New allowances net of allowance releases ................................. 1.34 1.65 2.92 2.54 2.09
Recoveries ................................................................................... (0.15) (0.12) (0.10) (0.09) (0.12)
Total charge for impairment losses ............................................. 1.19 1.53 2.82 2.45 1.97
Amount written off net of recoveries .......................................... 1.14 2.08 2.71 1.75 1.36