HSBC 2005 Annual Report Download - page 286

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
284
15 Trading assets
2005 2004
US$m US$m
Trading assets:
– which may be repledged or resold by counterparties ................................................................ 42,652 –
– not subject to repledge or resale by counterparties ................................................................... 190,257 –
232,909 122,160
Treasury and other eligible bills .................................................................................................. 12,746 4,816
Debt securities ............................................................................................................................. 117,659 95,308
Equity securities .......................................................................................................................... 20,203 22,036
Loans and advances to banks ...................................................................................................... 29,806 –
Loans and advances to customers.................................................................................................52,495 –
232,909 122,160
The following table provides an analysis of trading securities which are valued at fair value and the net unrealised
holding gains/(losses) included in this value:
2005 2004
Fair
value
Gains/
(losses)
Fair
value
Gains/
(losses)
US$m US$m US$m US$m
US Treasury and US Government agencies.................. 12,094 (21) 8,252 109
UK Government .......................................................... 3,225 2 7,170 164
Hong Kong Government .............................................. 6,529 (16) 5,190 12
Other government ........................................................ 49,852 280 29,541 (4)
Asset-backed securities ............................................... 3,361 (24) 2,161 2
Corporate debt and other securities1 ............................ 55,344 324 47,810 (204)
Equities ....................................................................... 20,203 (117) 22,036 92
150,608 428 122,160 171
1Included within corporate debt and other securities are debt securities issued by banks and other financial institutions of US$16,888
million (2004: US$19,516 million).
Treasury
and other
eligible bills
Debt
securities
Equity
securities Total
US$m US$m US$m US$m
Fair value at 31 December 2005
Listed on a recognised exchange1 ................................ – 95,994 17,728 113,722
Unlisted ....................................................................... 12,746 21,665 2,475 36,886
12,746 117,659 20,203 150,608
Fair value at 31 December 2004
Listed on a recognised exchange1 ................................ – 67,725 20,122 87,847
Unlisted ....................................................................... 4,816 27,583 1,914 34,313
4,816 95,308 22,036 122,160
1Included within listed investments are US$2,049 million (2004: US$2,861 million) of investments listed in Hong Kong.
16 Financial assets designated at fair value
2005
US$m
Treasury and other eligible bills ...................................................................................................................................... 53
Debt securities ................................................................................................................................................................. 5,705
Equity securities .............................................................................................................................................................. 8,533
Loans and advances to banks .......................................................................................................................................... 124
Loans and advances to customers .................................................................................................................................... 631
15,046
For loans and advances and unquoted debt securities designated at fair value:
– maximum exposure to credit risk at 31 December 2005 ............................................................................................. 958
– the cumulative change in fair value arising from changes in credit risk ...................................................................... 28