HSBC 2001 Annual Report Download - page 218

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
216
HSBC HSBC Holdings Associates
US$m US$m US$m
Profit and loss account:
At 1 January 2001 ..................................................................... 26,234 5,483 189
Retained profit for the year........................................................ 939 (1,073) 39
Revaluation reserve realised on disposal of properties.............. 7––
Arising on shares issued in lieu of dividends ............................ 866 866 –
Transfer of depreciation to revaluation reserve ......................... 54––
Exchange and other movements................................................ (1,213) – 27
At 31 December 2001 .............................................................. 26,887 5,276 255
Included within the HSBC profit and loss account reserve at 31 December 2001 are retained losses of US$119
million (2000: US$41 million) attributable to interests in joint ventures.
HSBC HSBC Holdings Associates
US$m US$m US$m
Share premium account:
At 1 January 2000 ..................................................................... 2,882 2,882 –
Shares issued to QUEST ........................................................... 372 372 –
Shares issued under other option schemes ................................ 89 89 –
Shares issued in lieu of dividends ............................................. (38) (38) –
At 31 December 2000 ............................................................... 3,305 3,305 –
Other reserves:
– Reserve in respect of obligations under CCF share options:
At 1 January 2000 ..................................................................... – – –
On acquisition of CCF............................................................... 498 498 –
On exercise of CCF share options............................................ (2) (2) –
At 31 December 2000 ............................................................... 496 496 –
– Merger reserve:
At 1 January 2000 ..................................................................... – – –
On acquisition of CCF............................................................... 8,290 – –
At 31 December 2000 ............................................................... 8,290 – –
Total other reserves....................................................................... 8,786 496 –