HSBC 2008 Annual Report Download - page 441

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39 Notes on the cash flow statement
Non-cash items included in profit before tax
HSBC HSBC Holdings
2008 2007 2006 2008 2007
US$m US$m US$m US$m US$m
Depreciation, amortisation and impairment ............... 13,367 2,522 2,528 3,601 (25)
Gains arising from dilution of interests in associates.. – (1,092) – – –
Revaluations on investment property ......................... 92 (152) (164) – –
Share-based payment expense .................................... 819 870 854 14 29
Loan impairment losses gross of recoveries and
other credit risk provisions ..................................... 25,034 18,247 11,352 – –
Provisions ................................................................... 591 989 498 – –
Impairment of financial investments .......................... 1,779 39 – – –
Charge for defined benefit plans ................................ 490 727 664 – –
Accretion of discounts and amortisation of
premiums ................................................................ (867) (449) (776) 4 6
41,305 21,701 14,956 3,619 10
Change in operating assets
HSBC HSBC Holdings
2008 2007 2006 2008 2007
US$m US$m US$m US$m US$m
Change in loans to HSBC undertakings ..................... – – – 3,129 (2,786)
Change in prepayments and accrued income ............. 4,178 (5,069) (2,478) 166 (183)
Change in net trading securities and net derivatives .. (23,293) (4,972) (13,620) (16) (1,094)
Change in loans and advances to banks ..................... 22,596 (8,922) (11,505) – –
Change in loans and advances to customers .............. 7,279 (131,886) (132,987) – –
Change in financial assets designated at fair value .... 12,757 (13,360) (4,883) (12) –
Change in other assets ................................................ (5,394) (12,329) (9,844) (4) 4
18,123 (176,538) (175,317) 3,263 (4,059)
Change in operating liabilities
HSBC HSBC Holdings
2008 2007 2006 2008 2007
US$m US$m US$m US$m US$m
Change in accruals and deferred income .................... (6,169) 5,119 3,549 138 39
Change in deposits by banks ...................................... (3,038) 32,594 28,378 – –
Change in customer accounts ..................................... 32,372 199,806 149,849 – –
Change in debt securities in issue ............................... (67,152) (12,489) 42,253 – –
Change in financial liabilities designated at fair value (15,352) 12,304 8,382 (2,299) 148
Change in other liabilities ........................................... (4,074) 12,761 4,967 126 (8)
(63,413) 250,095 237,378 (2,035) 179
Cash and cash equivalents
HSBC HSBC Holdings
2008 2007 2006 2008 2007
US$m US$m US$m US$m US$m
Cash at bank with HSBC undertakings ...................... – – – 443 360
Cash and balances at central banks ............................ 52,396 21,765 12,732 – –
Items in the course of collection from other banks .... 6,003 9,777 14,144 – –
Loans and advances to banks of one month or less ... 165,066 232,320 162,998 – –
Treasury bills, other bills and certificates of deposit
less than three months ............................................ 62,639 41,819 38,237 – –
Less: items in the course of transmission to
other banks .............................................................. (7,232) (8,672) (12,625) – –
Total cash and cash equivalents ................................. 278,872 297,009 215,486 443 360