HSBC 2008 Annual Report Download - page 336

HSBC HOLDINGS PLC
Financial Statements (continued)
Consolidated balance sheet / Statement of recognised income and expense
334
Consolidated balance sheet at 31 December 2008
2008 2007
Notes US$m US$m
ASSETS
Cash and balances at central banks ........................................................................................ 52,396 21,765
Items in the course of collection from other banks ................................................................ 6,003 9,777
Hong Kong Government certificates of indebtedness ........................................................... 15,358 13,893
Trading assets ......................................................................................................................... 16 427,329 445,968
Financial assets designated at fair value ................................................................................ 17 28,533 41,564
Derivatives .............................................................................................................................. 18 494,876 187,854
Loans and advances to banks ................................................................................................. 153,766 237,366
Loans and advances to customers .......................................................................................... 932,868 981,548
Financial investments ............................................................................................................. 19 300,235 283,000
Interests in associates and joint ventures ............................................................................... 21 11,537 10,384
Goodwill and intangible assets ............................................................................................... 22 27,357 39,689
Property, plant and equipment ................................................................................................ 23 14,025 15,694
Other assets ............................................................................................................................. 25 37,822 39,493
Current tax assets .................................................................................................................... 2,552 896
Deferred tax assets .................................................................................................................. 11 7,011 5,284
Prepayments and accrued income .......................................................................................... 15,797 20,091
Total assets ............................................................................................................................. 2,527,465 2,354,266
LIABILITIES AND EQUITY
Liabilities
Hong Kong currency notes in circulation .............................................................................. 15,358 13,893
Deposits by banks ................................................................................................................... 130,084 132,181
Customer accounts .................................................................................................................. 1,115,327 1,096,140
Items in the course of transmission to other banks ................................................................ 7,232 8,672
Trading liabilities .................................................................................................................... 26 247,652 314,580
Financial liabilities designated at fair value ........................................................................... 27 74,587 89,939
Derivatives .............................................................................................................................. 18 487,060 183,393
Debt securities in issue ........................................................................................................... 28 179,693 246,579
Retirement benefit liabilities .................................................................................................. 8 3,888 2,893
Other liabilities ....................................................................................................................... 29 72,384 35,013
Current tax liabilities .............................................................................................................. 1,822 2,559
Liabilities under insurance contracts ...................................................................................... 30 43,683 42,606
Accruals and deferred income ................................................................................................ 15,448 21,766
Provisions ............................................................................................................................... 31 1,730 1,958
Deferred tax liabilities ............................................................................................................ 11 1,855 1,859
Subordinated liabilities ........................................................................................................... 32 29,433 24,819
Total liabilities ........................................................................................................................ 2,427,236 2,218,850
Equity
Called up share capital ............................................................................................................ 37 6,053 5,915
Share premium account .......................................................................................................... 38 8,463 8,134
Other equity instruments ........................................................................................................ 38 2,133 –
Other reserves ......................................................................................................................... 38 (3,747) 33,014
Retained earnings ................................................................................................................... 38 80,689 81,097
Total shareholders’ equity ...................................................................................................... 93,591 128,160
Minority interests .................................................................................................................... 36 6,638 7,256
Total equity ............................................................................................................................. 100,229 135,416
Total equity and liabilities ...................................................................................................... 2,527,465 2,354,266
The accompanying notes on pages 340 to 447, the audited sections of the ‘Report of the Directors: Risk’ on pages 188 to 280, ‘Critical
accounting policies’ on pages 61 to 66 and ‘Impact of Market Turmoil’ on pages 144 to 187 form an integral part of these financial
statements.
S K Green, Group Chairman