HSBC 2001 Annual Report Download - page 270

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
268
For the purposes of the following table, HSBC has defined cash and cash equivalents as the sum of the
following balance sheet categories:
2001 2000 1999
US$m US$m US$m
Cash and balances at central banks......................................... 6,185 5,006 6,179
Items in the course of collection from other banks ................. 5,775 6,668 5,826
Loans and advances to banks repayable on demand ............... 16,039 19,332 11,526
Less:
Items in the course of transmission to other banks ................. (3,798) (4,475) (4,872)
24,201 26,531 18,659
Set out below is a summary combined statement of cash flows under US GAAP.
Year ended 31 December
2001 2000 1999
US$m US$m US$m
Cash flows from operating activities .......................................... 14,324 16,464 10,559
Cash flows from investing activities........................................... (20,241) (31,300) (12,655)
Cash flows from financing activities .......................................... 3,995 23,545 5,153
Effect of exchange rate changes on cash and cash equivalents... (408) (837) (306)
Net movement in cash and cash equivalents under US GAAP... (2,330) 7,872 2,751
Cash and cash equivalents at beginning of year.......................... 26,531 18,659 15,908
Cash and cash equivalents at the end of the year ........................ 24,201 26,531 18,659
The total interest paid by HSBC during the year was US$22,301 million (2000: US$21,844 million; 1999:
US$17,550 million).
51 Approval of accounts
These accounts were approved by the Board of Directors on 4 March 2002.