HSBC 2003 Annual Report Download - page 270

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
268
Available-for-sale
Carrying
value
Gross
unrealised
gains
Gross
unrealised
losses
Market
valuation
US$m US$m US$m US$m
At 31 December 2002
US Treasury and Government agencies ............................... 18,574 445 (7
)
19,012
UK Government ................................................................... 1,064 4 – 1,068
Hong Kong Government ...................................................... 1,042 70 (2
)
1,110
Other governments ............................................................... 18,067 370 (228
)
18,209
Asset-backed securities ........................................................ 3,697 25 (7
)
3,715
Corporate debt and other securities ...................................... 60,852 1,146 (121
)
61,877
103,296 2,060 (365
)
104,991
At 31 December 2001
US Treasury and Government agencies ............................... 17,452 237 (62
)
17,627
UK Government ................................................................... 1,880 12 – 1,892
Hong Kong Government ...................................................... 490 30 (2
)
518
Other governments ............................................................... 16,212 311 (158
)
16,365
Asset-backed securities ........................................................ 4,535 45 (6
)
4,574
Corporate debt and other securities ...................................... 48,021 604 (153
)
48,472
88,590 1,239 (381
)
89,448
The amounts shown under other governments in the above table include securities with a book value of US$5,847
million (2002: US$5,616 million) and a market value of US$5,853 million (2002: US$5,630 million) issued by the
Government of Japan.
Held-to-maturity
Carrying
value
Gross
unrealised
gains
Gross
unrealised
losses
Market
valuation
US$m US$m US$m US$m
At 31 December 2003
US Treasury and Government agencies ............................ 3,637 121 (40) 3,718
Obligations of US state and political sub-divisions ........... 573 – – 573
Corporate debt and other securities.................................... 302 57 (2) 357
4,512 178 (42) 4,648
At 31 December 2002
US Treasury and Government agencies ............................ 3,918 234 (1
)
4,151
Obligations of US state and political sub-divisions ........... 673 44 (1
)
716
Corporate debt and other securities ................................... 38 1 – 39
4,629 279 (2
)
4,906
At 31 December 2001
US Treasury and Government agencies ............................ 3,907 168 (9
)
4,066
Obligations of US state and political sub-divisions ........... 769 32 (1
)
800
4,676 200 (10
)
4,866