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HSBC 2001 Annual Report Download - page 219

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217

HSBC HSBC

Holdings Associates

US$m US$m US$m

Revaluation reserves:

– Investment property revaluation reserve:

At 1 January 2000 ..................................................................... 273 – 46

Unrealised surplus on revaluation of land and buildings........... 14 – 8

Transfer from revaluation reserve ............................................. 8 – –

Realisation on disposal of properties......................................... (4) – –

Exchange and other movements ................................................ (2) – (1)

At 31 December 2000................................................................ 289 – 53

– Revaluation reserve:

At 1 January 2000 ..................................................................... 2,069 21,874 5

Realisation on disposal of properties......................................... (36) – –

Unrealised surplus on revaluation of properties ........................ 361 1 4

Transfer of depreciation from profit and loss account reserve (21) – –

Transfer to investment property revaluation reserve ................. (8) – –

Net increase in attributable net assets of subsidiary

undertakings........................................................................... – 9,821 –

Exchange and other movements ................................................ (43) (44) 1

At 31 December 2000................................................................ 2,322 31,652 10

Total revaluation reserves ............................................................. 2,611 31,652 63

Profit and loss account:

At 1 January 2000 ..................................................................... 23,954 4,422 225

Retained profit for the year........................................................ 2,618 441 5

Revaluation reserve realised on disposal of properties.............. 40 – –

Arising on shares issued in lieu of dividends ............................ 944 944 –

Capitalised on issue of shares to QUEST.................................. (324) (324) –

Transfer of depreciation to revaluation reserve ......................... 21 – –

Exchange and other movements ................................................ (1,019) – (41)

At 31 December 2000................................................................ 26,234 5,483 189

HSBC HSBC

Holdings Associates

US$m US$m US$m

Share premium account:

At 1 January 1999 ..................................................................... 480 480 –

Shares issued to QUEST ........................................................... 247 247 –

Shares issued under other option schemes................................. 41 41 –

Shares issued in lieu of dividends ............................................. (28) (28) –

Capitalised in share reorganisation............................................ (689) (689) –

Shares issued in the year............................................................ 2,887 2,887 –

Costs of shares issued in year.................................................... (30) (30) –

Exchange and other movements ................................................ (26) (26) –

At 31 December 1999................................................................ 2,882 2,882 –