HSBC 2004 Annual Report Download - page 242

HSBC HOLDINGS PLC
Financial Statements (continued)
240
HSBC Holdings balance sheet at 31 December 2004
2004 2003
Notes US$m US$m
FIXED ASSETS
Tangible assets .................................................................................................................. 24 22
Investments 25
–shares in HSBC undertakings ........................................................................................ 94,885 79,326
–loans to HSBC undertakings .......................................................................................... 4,712 3,788
–debt securities of HSBC undertakings ........................................................................... 1,885 1,175
–other investments other than loans ................................................................................. 581 537
102,065 84,828
CURRENT ASSETS
Debtors
–money market deposits with HSBC undertakings........................................................... 7,036 6,995
–other amounts owed by HSBC undertakings .................................................................. 5,131 2,526
–amounts owed by HSBC undertakings (falling due after more than 1 year).................... 1,680 2,412
–other debtors ...................................................................................................................100 95
13,947 12,028
Cash at bank and in hand
–balances with HSBC undertakings ................................................................................. 246 901
14,193 12,929
CREDITORS: amounts falling due within 1 year
Amounts owed to HSBC undertakings............................................................................... (858) (700)
Other creditors ................................................................................................................... (191) (261)
Dividends declared............................................................................................................. 9(4,205) (3,936)
(5,254) (4,897)
NET CURRENT ASSETS .............................................................................................. 8,939 8,032
TOTAL ASSETS LESS CURRENT LIABILITIES ..................................................... 111,004 92,860
CREDITORS: amounts falling due after more than 1 year
Subordinated liabilities 32
–owed to third parties ...................................................................................................... (9,669) (5,970)
–owed to HSBC undertakings........................................................................................... (8,143) (6,845)
Amounts owed to HSBC undertakings .............................................................................. (6,494) (5,479)
PROVISIONS FOR LIABILITIES AND CHARGES
Deferred taxation ............................................................................................................... 31 (75) (93)
NET ASSETS .................................................................................................................. 86,623 74,473
CAPITAL AND RESERVES
Called up share capital ...................................................................................................... 34 5,587 5,481
Share premium account ..................................................................................................... 35 4,881 4,406
Revaluation reserve ........................................................................................................... 35 68,963 57,041
Reserve in respect of obligations under subsidiary share options ...................................... 35 399 485
Profit and loss account ...................................................................................................... 35 6,793 7,060
86,623 74,473
Sir John Bond, Group Chairman
The accompanying notes are an integral part of the Consolidated Financial Statements.