Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)25 Loans and advances to customers (continued)(3) Movements of allowances for impairment lossesGroup2012NoteAllowancesfor loans andadvances whichare collectivelyassessedAllowances for impairedloans and advanceswhich arecollectivelyassessedwhich areindividuallyassessedTotalAs at 1 January 129,832 3,276 38,109 171,217Charge for the year 22,878 1,371 23,024 47,273Release during the year – – (8,943) (8,943)Unwinding of discount – – (1,612) (1,612)Transfers out (a) – (5) (232) (237)Write-offs – (832) (5,821) (6,653)Recoveries – 99 1,289 1,388As at 31 December 152,710 3,909 45,814 202,4332011NoteAllowancesfor loans andadvances whichare collectivelyassessedAllowances for impairedloans and advanceswhich arecollectivelyassessedwhich areindividuallyassessedTotalAs at 1 January 102,093 3,657 37,352 143,102Charge for the year 27,806 217 14,605 42,628Release during the year – – (10,225) (10,225)Unwinding of discount – – (1,413) (1,413)Transfers out (a) (67) (8) (718) (793)Write-offs – (676) (2,654) (3,330)Recoveries – 86 1,162 1,248As at 31 December 129,832 3,276 38,109 171,217Bank2012NoteAllowancesfor loans andadvances whichare collectivelyassessedAllowances for impairedloans and advanceswhich arecollectivelyassessedwhich areindividuallyassessedTotalAs at 1 January 128,898 3,265 38,020 170,183Charge for the year 22,612 1,292 22,954 46,858Release during the year – – (8,921) (8,921)Unwinding of discount – – (1,612) (1,612)Transfers out (a) – (2) (231) (233)Write-offs – (731) (5,820) (6,551)Recoveries – 75 1,288 1,363As at 31 December 151,510 3,899 45,678 201,087China Construction Bank Corporation annual report 2012129