HSBC 2007 Annual Report Download - page 338

HSBC HOLDINGS PLC
Financial Statements
336
Page
Financial Statements
Consolidated income statement ..................... 337
Consolidated balance sheet ........................... 338
Consolidated statement of recognised
income and expense ................................... 339
Consolidated cash flow statement ................. 340
HSBC Holdings balance sheet ...................... 341
HSBC Holdings statement of changes in
total equity ................................................. 342
HSBC Holdings cash flow statement ............ 343
Notes on the Financial Statements
1 Basis of preparation ............................... 344
2 Summary of significant accounting
policies ............................................... 347
3 Net income from financial instruments
designated at fair value ....................... 362
4 Gains from dilution of interests in
associates ............................................ 362
5 Net earned insurance premiums ............. 363
6 Net insurance claims incurred and
movement in liabilities to
policyholders ...................................... 364
7 Net operating income ............................. 365
8 Employee compensation and benefits .... 365
9 Auditors’ remuneration .......................... 377
10 Share-based payments ........................... 378
11 Tax expense ........................................... 383
12 Dividends ............................................... 386
13 Earnings per share .................................. 386
14 Segmental analysis ................................. 387
By geographical region ...................... 387
By customer group ............................. 391
15 Analysis of financial assets and
liabilities by measurement basis ......... 393
16 Trading assets ........................................ 397
17 Financial assets designated at fair
value ................................................... 398
Page
18 Derivatives ............................................. 399
19 Financial investments ............................ 403
20 Securitisations and other structured
transactions ........................................ 406
21 Interests in associates and joint
ventures .............................................. 407
22 Goodwill and intangible assets .............. 409
23 Property, plant and equipment ............... 412
24 Investments in subsidiaries .................... 414
25 Other assets ............................................ 416
26 Trading liabilities ................................... 417
27 Financial liabilities designated at fair
value ................................................... 417
28 Debt securities in issue .......................... 418
29 Other liabilities ...................................... 419
30 Liabilities under insurance contracts ..... 419
31 Provisions .............................................. 422
32 Subordinated liabilities .......................... 422
33 Fair values of financial instruments ....... 426
34 Maturity analysis of assets and
liabilities ............................................. 433
35 Foreign exchange exposures .................. 435
36 Assets charged as security for
liabilities and collateral accepted as
security for assets ............................... 436
37 Minority interests ................................... 436
38 Called up share capital ........................... 437
39 Equity .................................................... 441
40 Notes on the cash flow statement .......... 444
41 Contingent liabilities, contractual
commitments and guarantees ............. 445
42 Lease commitments ............................... 447
43 Litigation ............................................... 448
44 Related party transactions ...................... 449
45 Events after the balance sheet date ........ 452
46 UK and Hong Kong accounting
requirements ....................................... 452