HSBC 2008 Annual Report Download - page 438

436
HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Note 38
38 Equity
2008 Other reserves
Called up share capital
Share premium1
Other equity instru- ments5
Retained earnings2
Available- for-sale fair value reserve
Cash flow hedging reserve3
Foreign exchange reserve
Share- based payment reserve
Merger reserve4
Total share- holders’ equity
Minority interests3
Total equity
US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m
At 1 January .......................................................... 5,915 8,134 – 81,097 850 (917) 10,055 1,968 21,058 128,160 7,256 135,416 Shares issued under employee share plans ........... 20 450 – – – – – – – 470 – 470
Shares issued in lieu of dividends and
amounts arising thereon1 .................................. 118 (121) – 3,596 – – – – – 3,593 – 3,593
Capital securities issued5 ...................................... – – 2,133 – – – – – – 2,133 2,133
Profit for the year .................................................. – – – 5,728 – – – – – 5,728 770 6,498 Dividends to shareholders .................................... – – – (11,301) – – – – – (11,301) (813) (12,114) Own shares adjustment ......................................... – – – (1,002) – – – – – (1,002) – (1,002)
Share of changes recognised directly in the
equity of associates or joint ventures .............. – – – (559) – – – – – (559) – (559)
Actuarial losses on defined benefit plans ............. – – – (1,457) – – – – – (1,457) (152) (1,609) Exchange differences ........................................... – – – (14,070) 2,120 (30) – – – (11,980) (225) (12,205) Fair value losses taken to equity .......................... – – – – (23,206) (1,762) – – – (24,968) (474) (25,442)
Amounts transferred to the income statement3 ..... – – – – (1,301) 1,772 – – – 471 (33) 438
Impairments taken to the income statement ......... – – – – 1,701 – – – – 1,701 78 1,779 Exercise and lapse of share options and
vesting of share awards .................................... – – –
827 – – – (848) – (21) – (21)
Cost of share-based payment arrangements ......... – – – – – – 819 – 819 – 819 Other movements .................................................. – – – (252) 74 5 82 56 – (35) 73 38 Tax on items taken directly to or transferred
from equity ....................................................... – – – 411 1,332 96 – – – 1,839 40 1,879
Transfers ............................................................... – – – 17,671 (2,120) 30 (11,980) – (3,601) – – –
Net increase in minority interest arising on
acquisitions, disposals and capital issuance ..... – – – – – – – – – – 118 118
At 31 December .................................................... 6,053 8,463 2,133 80,689 (20,550) (806) (1,843) 1,995 17,457 93,591 6,638 100,229 Cumulative goodwill amounting to US$5,138 million has been charged against reserves in respect of acquisitions of subsidiaries prior to 1 January 1998, including US$3,469 million charged against the merger reserve arising on the acquisition of HSBC Bank plc. The balance of US$1,669 million has been charged against retained earnings.