HSBC 2003 Annual Report Download - page 299
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297
HSBC1HSBC
Holdings1Associates
Other reserves US$m US$m US$m
Reserve in respect of obligations under CCF share options:
At 1 January 2002 ......................................................................................... 480 480 –
On exercise of CCF share options ................................................................. (41
)
(41
)
–
At 31 December 2002 ................................................................................... 439 439 –
Merger reserve:
At 1 January and 31 December 2002 ............................................................ 8,290 – –
Total other reserves ............................................................................................... 8,729 439 –
Revaluation reserves
Investment property revaluation reserve:
At 1 January 2002 ......................................................................................... 269 – 46
Unrealised deficit on revaluation of land and buildings ................................ (23
)
–(1
)
Transfer of depreciation from profit and loss account reserve........................ 7 – –
Realisation on disposal of properties ............................................................. (4
)
––
Exchange and other movements .................................................................... (2
)
–(1
)
At 31 December 2002 ................................................................................... 247 – 44
Revaluation reserve:
At 1 January 2002 ......................................................................................... 2,002 32,436 6
Realisation on disposal of properties ............................................................. (29
)
(4
)
–
Unrealised deficit on revaluation of properties .............................................. (297
)
––
Transfer of depreciation from profit and loss account reserve ....................... (37
)
––
Net increase in attributable net assets of subsidiary undertakings ................. – 4,553 –
Exchange and other movements .................................................................... 68 (102
)
–
At 31 December 2002 ................................................................................... 1,707 36,883 6
Total revaluation reserves ...................................................................................... 1,954 36,883 50
Profit and loss account
At 1 January 2002 ............................................................................................. 27,282 5,292 255
Retained profit for the year ................................................................................ 1,238 266 (11
)
Revaluation reserve realised on disposal of properties ...................................... 33 4 –
Depreciation realised on disposal of properties ................................................. 37 – –
Arising on shares issued in lieu of dividends ..................................................... 1,023 1,023 –
Transfer of depreciation to revaluation reserve ................................................. (7
)
––
Amortisation of shares in restricted share plans 19 10 –
Exchange and other movements ........................................................................ 3,715 – (1
)
At 31 December 2002 ....................................................................................... 33,340 6,595 243
HSBC1HSBC
Holdings1Associates
US$m US$m US$m
Share premium account
At 1 January 2001 ............................................................................................. 3,305 3,305 –
Shares issued to QUEST ................................................................................... 37 37 –
Shares issued under other option schemes ......................................................... 68 68 –
Shares issued in lieu of dividends ...................................................................... (37
)
(37
)
–
At 31 December 2001 ....................................................................................... 3,373 3,373 –
Own shares held reserve
At 1 January 2001 ............................................................................................. (723
)
(573
)
–
Own shares acquired to meet share awards and share option awards ................ (66
)
(15
)
–
Own shares released on vesting of share awards and exercise of options .......... 15 17 –
Net purchases and sales of own shares for market making purposes ................. 88 – –
At 31 December 2001 ....................................................................................... (686
)
(571
)
–