HSBC 2004 Annual Report Download - page 264

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
262
Cost and
book value
US$m
At 1 January 2004 ............................................................................................................................................................... 15,799
Additions ............................................................................................................................................................................. 78,751
Disposals and amounts repaid ............................................................................................................................................. (70,221)
Amortisation of discounts and premiums ............................................................................................................................ 317
Exchange and other movements .......................................................................................................................................... 1,020
At 31 December 2004 ......................................................................................................................................................... 25,666
Non-trading book treasury bills and other eligible bills are all available-for-sale. Their book value, analysed by type
of borrower, is as follows:
2004 2003 2002
US$m US$m US$m
US Treasury and Government agencies ......................................................... 5,514 4,624 2,888
UK Government ............................................................................................. 7,099 955 740
Hong Kong Government ................................................................................ 2,778 2,450 2,898
Other governments ......................................................................................... 8,756 6,891 5,344
Corporate debt and other securities ................................................................ 1,519 879 1,032
25,666 15,799 12,902
The following tables provide an analysis of gross unrealised gains and losses on treasury bills and other eligible bills:
Carrying
value
Gross
unrealised
gains
Gross
unrealised
losses
Market
valuation
US$m US$m US$m US$m
31 December 2004
US Treasury and Government agencies ....................... 5,514 1 (4) 5,511
UK Government ........................................................... 7,099 1 – 7,100
Hong Kong Government .............................................. 2,778 3 – 2,781
Other governments ....................................................... 8,756 15 (13) 8,758
Corporate debt and other securities .............................. 1,519 – (3) 1,516
25,666 20 (20) 25,666
At 31 December 2003
US Treasury and Government agencies ....................... 4,624 2 – 4,626
UK Government ........................................................... 955 – – 955
Hong Kong Government .............................................. 2,450 2 – 2,452
Other governments ....................................................... 6,891 10 (5) 6,896
Corporate debt and other securities .............................. 879 – – 879
15,799 14 (5) 15,808
At 31 December 2002
US Treasury and Government agencies ....................... 2,888 3 – 2,891
UK Government ........................................................... 740 – – 740
Hong Kong Government .............................................. 2,898 2 – 2,900
Other governments ....................................................... 5,344 8 (1) 5,351
Corporate debt and other securities .............................. 1,032 – – 1,032
12,902 13 (1) 12,914
The amounts shown under ‘other governments’ in the above table includes securities with a book and market value
of US$1,122 million (2003: book and market value US$711 million) issued by the Government of Japan.