HSBC 2002 Annual Report Download - page 276

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
274
Subordinate
d
loan capita
l
Preference
shares*
Ordinary
shares Share premium
US$m US$m US$m US$m
Balance at 1 January 2001 ................................. 16,222 5,171 4,634 3,305
Shares issued in lieu of dividends......................
–
–
37 (37)
Acquisition of subsidiaries ................................ 24
–
–
–
Issued during the year ........................................ 456
–
7 105
Repaid during the year....................................... (965) (825)
–
–
Net cash (outflow)/inflow from financing ......... (509) (825) 7 105
Exchange and other movements ........................ (257) (55) –
–
Balance at 31 December 2001 ........................... 15,480 4,291 4,678 3,373
Balance at 1 January 2000 ................................. 15,423 1,583 4,230 2,882
Shares issued in lieu of dividends......................
–
–
38 (38)
Acquisition of subsidiaries ................................ 860
–
–
–
Shares issued on the acquisition of CCF............
–
–
339
–
Issued during the year ........................................ 948 3,626 13 151
Costs incurred with share issue..........................
–
–
–
–
Repaid during the year....................................... (708)
–
–
–
Own shares acquired by employee share
ownership trust...............................................
–
–
(20) (536)
Net cash inflow/(outflow) from financing ......... 240 3,626 (7) (385)
Capitalised on issue of shares to QUEST ..........
–
–
14 309
Own shares acquired by employee share
ownership trust...............................................
–
–
20 536
Exchange and other movements ........................ (301) (38) – 1
Balance as at 31 December 2000 ....................... 16,222 5,171 4,634 3,305
*Preference shares in issue are in subsidiary undertakings (Note 34).
43 Analysis of cash
HSBC is required to make deposits with central banks as a result of government regulations in the territories in
which it operates. As at 31 December 2002, these amounted to US$2,154 million (2001: US$2,030 million; 2000:
US$1,604 million).
(a) Changes in cash during the year
2002 2001 2000
US$m US$m US$m
Balance at 1 January ............................................................... 22,224 24,338 17,705
Net cash inflow/(outflow) before the effect of foreign
exchange movements .......................................................... 3,242 (1,706) 7,470
Effect of foreign exchange movements................................... 1,404 (408) (837)
Balance at 31 December ......................................................... 26,870 22,224 24,338