HSBC 2001 Annual Report Download - page 206

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
204
27 Other assets
2001 2000
US$m US$m
Bullion ..................................................................................................................... 1,619 837
Assets, including gains, resulting from off-balance-sheet interest rate, exchange
rate and equities contracts which are marked to market....................................... 15,575 16,106
Current taxation recoverable.................................................................................... 287 80
Deferred taxation (Note 32) ..................................................................................... 730 340
Long-term assurance assets attributable to policyholders (Note 31)........................ 9,712 8,963
Other accounts ......................................................................................................... 10,324 9,236
38,247 35,562
The composition of the net tangible assets relating to long-term assurance and retirement funds is analysed
as follows:
2001 2000
US$m US$m
Loans and advances to banks – with HSBC companies........................................... 318 458
Debt securities ......................................................................................................... 3,381 3,245
Equity shares............................................................................................................ 3,863 3,569
Other assets.............................................................................................................. 2,298 1,965
Prepayments and accrued income............................................................................ 46 55
Other liabilities ........................................................................................................ (194) (329)
9,712 8,963
Included in the above are 8,104,024 (2000: 7,913,880) shares in HSBC Holdings held by subsidiary undertakings, as
part of their long-term assurance and retirement funds for the benefit of the policyholders.
28 Deposits by banks
2001 2000
US$m US$m
Repayable on demand.............................................................................................. 18,132 16,154
With agreed maturity dates or periods of notice, by remaining maturity:
– 3 months or less but not repayable on demand..................................................... 27,845 36,909
– 1 year or less but over 3 months........................................................................... 5,234 4,992
– 5 years or less but over 1 year .............................................................................. 1,808 1,433
– over 5 years .......................................................................................................... 621 565
53,640 60,053
Due to joint ventures................................................................................................ 192
–
Due to associates...................................................................................................... 29 123