HSBC 2005 Annual Report Download - page 390

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
388
US$ US$
Per share amounts (US GAAP)
Basic earnings per ordinary share .................................................................................................. 1.33 1.15
Diluted earnings per ordinary share ............................................................................................... 1.32 1.13
At 31 December
2005 20041
US$m US$m
Shareholders’ equity
Total shareholders’ equity (IFRSs)................................................................................................. 92,432 85,522
Shareholders’ interest in long-term assurance fund ....................................................................... (1,077) (1,600)
Pension costs ................................................................................................................................. 1,585 1,557
Fair value adjustment for available-for-sale securities ................................................................... (597) 1,969
Goodwill ........................................................................................................................................ 1,048 1,594
Revaluation of property ................................................................................................................. (1,530) (1,269)
Purchase accounting adjustments1 ................................................................................................. 155 389
Intangible assets ............................................................................................................................. 2,127 2,437
Derivatives and hedge accounting ................................................................................................. (58) 356
Loan origination ............................................................................................................................ 717 375
Securitisations1 .............................................................................................................................. 158 395
Loan impairment ........................................................................................................................... (327) –
Interest recognition ........................................................................................................................ (259) –
Other ……….................................................................................................................................. 112 (385)
Taxation including taxation on reconciling items .......................................................................... (1,213) (1,196)
Minority interest in reconciling items ............................................................................................ 251 (62)
Total shareholders’ equity (US GAAP) ......................................................................................... 93,524 90,082
2005 2004
US$m US$m
Movement in shareholders’ equity (US GAAP)
At 1 January ................................................................................................................................... 90,082 80,251
Net income .................................................................................................................................... 14,703 12,506
Dividends ...................................................................................................................................... (7,750) (6,932)
Share options ................................................................................................................................. 450 234
Shares issued in lieu of dividends .................................................................................................. 1,811 2,607
New share capital subscribed net of costs ......................................................................................1,405 581
Other, including movements in own shares held ............................................................................ 94 (148)
Net change in net unrealised losses on available-for-sale securities,
net of tax effect .......................................................................................................................... (2,716) (837)
Net change in net unrealised gains on derivatives classified as cash flow hedges,
net of tax effect .......................................................................................................................... 1(349)
Minimum pension liability adjustment, net of tax effect ................................................................ (236) (195)
Exchange differences and other movements .................................................................................. (4,320) 2,364
Total other comprehensive income ................................................................................................ (7,271) 983
At 31 December ............................................................................................................................. 93,524 90,082
12004 figures for ‘Securitisations’ and ‘Purchase accounting adjustments’ have been restated to reflect the split between securitisation
activity before and after the acquisition of HSBC Finance Corporation in 2003. There is no overall impact on US GAAP net income or
shareholders’ equity.