HSBC 2006 Annual Report Download - page 352

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 15 and 16
350
15 Trading assets
2006 2005
US$m US$m
Trading assets:
– not subject to repledge or resale by counterparties ........................................................................ 273,507 171,274
– which may be repledged or resold by counterparties ..................................................................... 54,640 61,635
328,147 232,909
Treasury and other eligible bills ........................................................................................................ 21,759 12,746
Debt securities ................................................................................................................................... 155,447 117,659
Equity securities ................................................................................................................................ 27,149 20,203
204,355 150,608
Loans and advances to banks ............................................................................................................ 52,006 29,806
Loans and advances to customers ..................................................................................................... 71,786 52,495
328,147 232,909
The following table provides an analysis of trading securities which are valued at market value and the net gains/
(losses) resulting from trading activities:
2006 2005
Fair
value
Gains/
(losses)
Fair
value
Gains/
(losses)
US$m US$m US$m US$m
US Treasury and US Government agencies ................. 8,348 91 12,094 (21)
UK Government ............................................................ 6,176 77 3,225 2
Hong Kong Government .............................................. 8,759 4 6,529 (16)
Other government ......................................................... 70,747 232 49,852 280
Asset-backed securities ................................................ 15,781 3 3,361 (24)
Corporate debt and other securities .............................. 67,395 (27) 55,344 324
Equity securities ........................................................... 27,149 (30) 20,203 (117)
204,355 350 150,608 428
Included within the above figures are debt securities issued by banks and other financial institutions of US$36,153 million (2005:
US$16,888 million).
The following table analyses trading securities between those listed on a recognised exchange and those that are
unlisted:
Treasury
and other
eligible bills
Debt
securities
Equity
securities
Total
US$m US$m US$m US$m
Fair value at 31 December 2006
Listed on a recognised exchange1 ................................ 1,373 112,403 25,337 139,113
Unlisted ......................................................................... 20,386 43,044 1,812 65,242
21,759 155,447 27,149 204,355
Fair value at 31 December 2005
Listed on a recognised exchange1 ................................ 7,174 95,994 17,728 120,896
Unlisted ......................................................................... 5,572 21,665 2,475 29,712
12,746 117,659 20,203 150,608
1 Included within listed investments are US$4,309 million (2005: US$2,049 million) of investments listed in Hong Kong.