HSBC 2008 Annual Report Download - page 334

HSBC HOLDINGS PLC
Financial Statements
Contents / Consolidated income statement
332
Page
Financial Statements
Consolidated income statement ..................... 333
Consolidated balance sheet ........................... 334
Consolidated statement of recognised
income and expense ................................... 335
Consolidated cash flow statement ................. 336
HSBC Holdings balance sheet ...................... 337
HSBC Holdings statement of changes in
total equity ................................................. 338
HSBC Holdings cash flow statement ............ 339
Notes on the Financial Statements
1 Basis of preparation ............................... 340
2 Summary of significant accounting
policies ............................................... 344
3 Net income from financial instruments
designated at fair value ....................... 360
4 Gains arising from dilution of interests
in associates ........................................ 360
5 Net earned insurance premiums ............. 361
6 Net insurance claims incurred and
movement in liabilities to
policyholders ...................................... 362
7 Net operating income ............................. 363
8 Employee compensation and benefits .... 363
9 Auditors’ remuneration .......................... 375
10 Share-based payments ........................... 376
11 Tax expense ........................................... 381
12 Dividends ............................................... 384
13 Earnings per share .................................. 384
14 Segmental analysis ................................. 385
By geographical region ...................... 385
By customer group ............................. 385
15 Analysis of financial assets and
liabilities by measurement basis ......... 392
16 Trading assets ........................................ 396
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17 Financial assets designated at fair
value ................................................... 397
18 Derivatives ............................................. 398
19 Financial investments ............................ 403
20 Transfers of financial assets not
qualifying for de-recognition ............. 405
21 Interests in associates and joint
ventures .............................................. 406
22 Goodwill and intangible assets .............. 409
23 Property, plant and equipment ............... 413
24 Investments in subsidiaries .................... 416
25 Other assets ............................................ 418
26 Trading liabilities ................................... 419
27 Financial liabilities designated at fair
value ................................................... 419
28 Debt securities in issue .......................... 420
29 Other liabilities ...................................... 421
30 Liabilities under insurance contracts ..... 421
31 Provisions .............................................. 424
32 Subordinated liabilities .......................... 424
33 Maturity analysis of assets and
liabilities .............................................
428
34 Foreign exchange exposures .................. 429
35 Assets charged as security for
liabilities and collateral accepted as
security for assets ............................... 430
36 Minority interests ................................... 431
37 Called up share capital and other equity
instruments ......................................... 431
38 Equity .................................................... 436
39 Notes on the cash flow statement .......... 439
40 Contingent liabilities, contractual
commitments and guarantees ............. 440
41 Lease commitments ............................... 442
42 Litigation ............................................... 443
43 Related party transactions ...................... 444
44 Events after the balance sheet date ........ 447