HSBC 2003 Annual Report Download - page 318

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
316
43 Analysis of cash
HSBC is required to maintain deposits with central banks as a result of government regulations in the territories in
which it operates. As at 31 December 2003, these amounted to US$2,765 million (2002: US$2,154 million; 2001:
US$2,030 million).
(a) Changes in cash during the year
2003 2002 2001
US$m US$m US$m
Balance at 1 January ..................................................................................... 26,870 22,224 24,338
Net cash inflow/(outflow) before the effect of foreign
exchange movements ................................................................................ 4,020 3,242 (1,706
)
Effect of foreign exchange movements ......................................................... 2,060 1,404 (408
)
Balance at 31 December ............................................................................... 32,950 26,870 22,224
(b) Analysis of the balances of cash as classified in the consolidated balance sheet
2003 2002 2001
US$m US$m US$m
Cash and balances at central banks ............................................................... 7,661 7,659 6,185
Loans and advances to banks ........................................................................ 25,289 19,211 16,039
32,950 26,870 22,224
44 Litigation
HSBC, through a number of its subsidiary undertakings, is named in and is defending legal actions in various
jurisdictions arising from its normal business. None of these proceedings is regarded as material litigation.
45 Capital commitments
2003 2002
US$m US$m
Expenditure contracted for.................................................................................................................... 1,551 1,238
Expenditure authorised by Directors but not contracted for .................................................................. 680 106
2,231 1,344
46 Lease commitments
At the year-end, annual commitments under non-cancellable operating leases were:
2003 2002
US$m US$m
Leasehold land and buildings:
Operating leases which expire
– within 1 year................................................................................................................................. 109 60
– between 1 and 5 years................................................................................................................... 360 174
– over 5 years................................................................................................................................... 223 171
692 405
Equipment:
Operating leases which expire
– within 1 year................................................................................................................................. 21 15
– between 1 and 5 years................................................................................................................... 14 15
35 30