HSBC 2008 Annual Report Download - page 339

337
HSBC Holdings balance sheet at 31 December 2008
2008 2007
Notes US$m US$m
ASSETS
Cash at bank and in hand:
– balances with HSBC undertakings ................................................................................. 443 360
Derivatives .............................................................................................................................. 18 3,682 2,660
Loans and advances to HSBC undertakings .......................................................................... 11,804 17,242
Financial investments ............................................................................................................. 2,629 3,022
Investments in subsidiaries ..................................................................................................... 24 81,993 69,411
Property, plant and equipment ................................................................................................ 6 1
Other assets ............................................................................................................................. 25 21
Deferred tax assets .................................................................................................................. 11 42 7
Prepayments and accrued income .......................................................................................... 58 224
Total assets ............................................................................................................................. 100,682 92,948
LIABILITIES AND EQUITY
Liabilities
Amounts owed to HSBC undertakings .................................................................................. 4,042 2,969
Financial liabilities designated at fair value ........................................................................... 27 16,389 18,683
Derivatives .............................................................................................................................. 18 1,324 44
Other liabilities ....................................................................................................................... 29 1,816 1,405
Current tax liabilities .............................................................................................................. 219 322
Accruals and deferred income ................................................................................................ 288 150
Subordinated liabilities ........................................................................................................... 32 14,017 8,544
Total liabilities ........................................................................................................................ 38,095 32,117
Equity
Called up share capital ............................................................................................................ 37 6,053 5,915
Share premium account .......................................................................................................... 38 8,463 8,134
Other equity instruments ........................................................................................................ 37 2,133 –
Merger reserve and other reserves ......................................................................................... 25,341 28,942
Other reserves ......................................................................................................................... 3,503 3,631
Retained earnings ................................................................................................................... 17,094 14,209
Total equity ............................................................................................................................. 62,587 60,831
Total equity and liabilities ...................................................................................................... 100,682 92,948
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