HSBC 2007 Annual Report Download - page 416

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Note 24
414
HSBC Holdings had no investment properties at 31 December 2007 or 2006.
HSBC properties leased to customers
HSBC properties leased to customers included US$387 million at 31 December 2007 (2006: US$470 million) let
under operating leases, net of accumulated depreciation of US$18 million (2006: US$53 million). None was held by
HSBC Holdings.
24 Investments in subsidiaries
Principal subsidiaries of HSBC Holdings
At 31 December 2007
Country of
incorporation
or registration
HSBC’s
interest in
equity capital
%
Issued equity
capital
Europe
HFC Bank Limited .......................................................................................... England 100 £109m
HSBC Investments (UK) Limited ................................................................... England 100 £37m
HSBC Asset Finance (UK) Limited ................................................................ England 100 £265m
HSBC Bank A.S. ............................................................................................. Turkey 100 TRL652m
HSBC Bank Malta p.l.c. .................................................................................. Malta 70.03 Lm36m
HSBC Bank plc ................................................................................................ England 100 £797m
HSBC France ................................................................................................... France 99.99 €380m
HSBC Bank International Limited .................................................................. Jersey 100 £1m
HSBC Life (UK) Limited ................................................................................ England 100 £94m
HSBC Private Banking Holdings (Suisse) S.A. .............................................. Switzerland 100 CHF1,363m
HSBC Trinkaus & Burkhardt AG ................................................................... Germany 78.60 €70m
Marks and Spencer Retail Financial Services Holdings Limited .................... England 100 £67m
Hong Kong
Hang Seng Bank Limited ................................................................................ Hong Kong 62.14 HK$9,559m
HSBC Insurance (Asia) Limited ...................................................................... Hong Kong 100 HK$125m
HSBC Life (International) Limited ................................................................. Bermuda 100 HK$327m
The Hongkong and Shanghai Banking Corporation Limited ......................... Hong Kong 100 HK$22,494m
Rest of Asia-Pacific
HSBC Bank Australia Limited ........................................................................ Australia 100 A$811m
HSBC Bank (China) Company Limited .......................................................... PRC1 100 RMB8,000m
HSBC Bank Egypt S.A.E. ............................................................................... Egypt 94.53 E£1,073m
HSBC Bank Malaysia Berhad ......................................................................... Malaysia 100 RM$114m
HSBC Bank Middle East Limited ................................................................... Jersey 100 US$431m
North America
The Bank of Bermuda Limited ........................................................................ Bermuda 100 US$30m
HSBC Bank Canada ........................................................................................ Canada 100 C$1,125m
HSBC Bank USA, N.A. ................................................................................... United States 100 US$2m
HSBC Finance Corporation ............................................................................. United States 100 US$3,038m
HSBC Securities (USA) Inc. ........................................................................... United States 100 –2
Latin America
HSBC Bank Argentina S.A. ............................................................................ Argentina 99.99 ARS1,792m
HSBC Bank Brasil S.A. – Banco Múltiplo ..................................................... Brazil 100 BRL2,147m
HSBC Mexico S.A. .......................................................................................... Mexico 99.99 MXP4,272m
HSBC Bank Panama S.A. ................................................................................ Panama 100.00 US$315m
1 People’s Republic of China.
2 Issued equity capital is less than US$1 million.
3 Details of the debt, subordinated debt and preference shares issued by the principal subsidiaries to parties external to the Group are
included in the Notes 28 ‘Debt securities in issue’, 32 ‘Subordinated liabilities’ and 37 ‘Minority interests’, respectively.
All the above subsidiaries are included in the HSBC consolidated financial statements.
Details of all HSBC companies will be annexed to the next Annual Return of HSBC Holdings filed with the UK
Registrar of Companies.