HSBC 2009 Annual Report Download - page 436

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 21 and 22
434
Summarised aggregate financial information on joint ventures
2009 2008
US$m US$m
HSBC’s share of:
– current assets .................................................................................................................................... 700 594
– non-current assets ............................................................................................................................. 513 281
– current liabilities ............................................................................................................................... 621 260
– non-current liabilities ....................................................................................................................... 416 449
– income .............................................................................................................................................. 370 301
– expenses ............................................................................................................................................ 324 240
Goodwill included in carrying amount of associates and joint ventures
2009 2008
US$m US$m
Gross amount
At 1 January ............................................................................................................................................. 1,453 1,308
Additions ................................................................................................................................................. 5 88
Disposals .................................................................................................................................................. – (46)
Exchange differences ............................................................................................................................... (12) 86
Other changes .......................................................................................................................................... – 17
At 31 December1 ...................................................................................................................................... 1,446 1,453
1 Includes the carrying amount of goodwill arising from joint ventures of US$32 million (2008: US$39 million).
22 Goodwill and intangible assets
Goodwill and intangible assets includes goodwill arising on business combinations, the present value of in-force
long-term insurance business, and other intangible assets.
Goodwill
Reconciliation of goodwill
Europe
Hong
Kong
Rest of
Asia-
Pacific1
Middle
East1
North
America
Latin
America Total
US$m US$m US$m US$m US$m US$m US$m
Gross amount
At 1 January 2009 ................................. 15,511 122 364 69 12,487 3,866 32,419
Additions .............................................. – – 570 – – 10 580
Disposals ............................................... (3) – – – – – (3)
Exchange differences ............................ 460 1 119 – – 294 874
Other changes ....................................... (53) – – – (4) (8) (65)
At 31 December 2009 ........................... 15,915 123 1,053 69 12,483 4,162 33,805
Accumulated impairment losses
At 1 January 2009 ................................. – – – – (10,564) – (10,564)
Impairment losses ................................. – – – – – – –
At 31 December 2009 ........................... – – – – (10,564) – (10,564)
Net carrying amount at
31 December 2009 ........................... 15,915 123 1,053 69 1,919 4,162 23,241