HSBC 2008 Annual Report Download - page 430

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 33 and 34
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4 The interest rate on the 9.875 per cent subordinated bonds 2018 changes in April 2013 to become the higher of (i) 9.875 per cent or (ii)
the sum of the yield on the relevant benchmark treasury stock plus 2.5 per cent. The bonds may be redeemed in April 2013 at par and
redemption has also been allowed from April 1998, subject to the prior notification of the FSA, for an amount based on the redemption
yields of the relevant benchmark treasury stocks.
33 Maturity analysis of assets and liabilities
The following is an analysis, by remaining contractual maturities at the balance sheet date, of asset and liability line
items that represent amounts expected to be recovered or settled within one year, and after more than one year.
Trading assets and liabilities are excluded because they are not held for collection or settlement over the period of
contractual maturity.
HSBC
At 31 December 2008
Due within
one year
Due after
more than
one year Total
US$m US$m US$m
Assets
Financial assets designated at fair value .......................................................... 4,735 23,798 28,533
Loans and advances to banks .......................................................................... 146,268 7,498 153,766
Loans and advances to customers .................................................................... 407,582 525,286 932,868
Financial investments ...................................................................................... 111,027 189,208 300,235
Other financial assets ....................................................................................... 27,642 6,308 33,950
697,254 752,098 1,449,352
Liabilities
Deposits by banks ............................................................................................ 123,835 6,249 130,084
Customer accounts ........................................................................................... 1,083,426 31,901 1,115,327
Financial liabilities designated at fair value .................................................... 7,368 67,219 74,587
Debt securities in issue .................................................................................... 107,094 72,599 179,693
Other financial liabilities ................................................................................. 70,898 4,860 75,758
Subordinated liabilities .................................................................................... 745 28,688 29,433
1,393,366 211,516 1,604,882
At 31 December 2007
Due within
one year
Due after
more than
one year Total
US$m US$m US$m
Assets
Financial assets designated at fair value .......................................................... 5,752 35,812 41,564
Loans and advances to banks .......................................................................... 222,674 14,692 237,366
Loans and advances to customers .................................................................... 438,246 543,302 981,548
Financial investments ...................................................................................... 103,492 179,508 283,000
Other financial assets ....................................................................................... 24,087 6,390 30,477
794,251 779,704 1,573,955
Liabilities
Deposits by banks ............................................................................................ 124,475 7,706 132,181
Customer accounts ........................................................................................... 1,066,148 29,992 1,096,140
Financial liabilities designated at fair value .................................................... 6,217 83,722 89,939
Debt securities in issue .................................................................................... 143,651 102,928 246,579
Other financial liabilities ................................................................................. 33,056 4,352 37,408
Subordinated liabilities .................................................................................... 341 24,478 24,819
1,373,888 253,178 1,627,066