HSBC 2005 Annual Report Download - page 243

241
HSBC Holdings statement of changes in total equity for the year ended 31 December 2005
2005 2004
US$m US$m
Called up share capital
At 1 January ............................................................................................................................... 5,587 5,481
Shares issued in connection with the early conversion of HSBC Finance Corporation
8.875 per cent Adjustable Conversion-Rate Equity Security Units ........................................ –1
Shares issued under employee share plans ................................................................................. 28 25
Shares issued in lieu of dividends ............................................................................................... 52 80
At 31 December ......................................................................................................................... 5,667 5,587
Share premium account
At 1 January ............................................................................................................................... 4,881 4,406
Shares issued under employee share plans ................................................................................. 662 555
Shares issued in lieu of dividends and amounts thereon ............................................................. (52) (80)
New share capital subscribed, net of costs .................................................................................. 1,405 –
At 31 December ......................................................................................................................... 6,896 4,881
Merger reserve and other reserves
At 1 January and 31 December ...................................................................................................28,942 28,942
Other reserves
Available-for-sale fair value reserve
At 1 January ............................................................................................................................... ––
IFRSs transition adjustments at 1 January 20051 ........................................................................ 464 –
Fair value losses taken to equity2 ................................................................................................ (184) –
Net deferred tax on items taken directly to equity2 ..................................................................... 57 –
At 31 December ......................................................................................................................... 337 –
Share-based payment reserve
At 1 January ............................................................................................................................... 1,329 1,395
Exercise of HSBC share options ................................................................................................ (328) (227)
Charge to the income statement in respect of equity settled share-based
payment transactions .............................................................................................................. 12 11
Shares/options granted to employees of subsidiaries under employee share awards ................... 219 150
Other movements ........................................................................................................................ 2–
At 31 December ......................................................................................................................... 1,234 1,329
Other paid-in capital
At 1 January ............................................................................................................................... 411 270
Exercise of HSBC share options ................................................................................................ 239 141
At 31 December ......................................................................................................................... 650 411
Total other reserves at 31 December .............................................................................................. 2,221 1,740
Retained earnings
At 1 January ............................................................................................................................... 8,959 8,970
IFRSs transition adjustments at 1 January 20051 ........................................................................ (317) –
Profit for the year attributable to shareholders ............................................................................ 6,816 4,612
Dividends to shareholders of the parent company ...................................................................... (7,750) (6,932)
Amounts arising on shares in lieu of dividends .......................................................................... 1,811 2,627
Own shares adjustments ............................................................................................................. 87 (110)
Exchange differences and other movements2 ............................................................................. (105) (208)
At 31 December3 ........................................................................................................................ 9,501 8,959
1See Note 46 for an explanation of the IFRSs transition adjustment at 1 January 2005.
2The total net expense taken directly to equity during the year was US$232 million (2004: US$208 million).
3Retained earnings include 130,812,676 (US$701 million) of own shares, held to fund employee share plans (2004:123,108,967,
US$749 million).