HSBC 2005 Annual Report Download - page 369

367
HSBC Holdings balance sheet at 1 January 2004
UK GAAP
IFRSs format
Effect of
transition
to IFRSs
IFRSs
(except IAS 32
and IAS 39)
US$m US$m US$m
ASSETS
Cash at bank and in hand – balances with HSBC undertakings ............ 901 – 901
Derivatives ........................................................................................... 743 – 743
Loans and advances to HSBC undertakings ......................................... 14,978 (197) 14,781
Financial investments ........................................................................... 1,175 – 1,175
Investments in subsidiaries ................................................................... 79,326 (27,412) 51,914
Property, plant and equipment .............................................................. 2 – 2
Other assets .......................................................................................... 588 – 588
Prepayments and accrued income.......................................................... 44 (44) –
97,757 (27,653) 70,104
LIABILITIES AND EQUITY
Liabilities
Amounts owed to HSBC undertakings ................................................. 6,179 – 6,179
Derivatives ........................................................................................... 38 – 38
Other liabilities ..................................................................................... 3,936 (2,627) 1,309
Accruals and deferred income .............................................................. 223 – 223
Deferred taxation .................................................................................. 93 (11) 82
Subordinated liabilities ......................................................................... 12,815 – 12,815
23,284 (2,638) 20,646
Equity
Called up share capital ......................................................................... 5,481 – 5,481
Share premium account ........................................................................ 4,406 – 4,406
Merger reserve and other reserves ........................................................ – 28,942 28,942
Other reserves ....................................................................................... 57,526 (55,867) 1,659
Retained earnings ................................................................................. 7,060 1,910 8,970
74,473 (25,015) 49,458
97,757 (27,653) 70,104