HSBC 2009 Annual Report Download - page 457

455
HSBC Holdings
At 31 December 2009
Due within
one year
Due after
more than
one year Total
US$m US$m US$m
Assets
Loans and advances to HSBC undertakings ........................................................... 18,067 5,145 23,212
Financial investments .............................................................................................. – 2,455 2,455
Other financial assets ............................................................................................... 4 – 4
18,071 7,600 25,671
Liabilities
Amounts owed to HSBC undertakings ................................................................... 277 3,434 3,711
Financial liabilities designated at fair value ............................................................ – 16,909 16,909
Debt securities in issue ............................................................................................. – 2,839 2,839
Other financial liabilities ......................................................................................... 1,240 17 1,257
Subordinated liabilities ............................................................................................ – 14,406 14,406
1,517 37,605 39,122
At 31 December 2008
Due within
one year
Due after
more than
one year Total
US$m US$m US$m
Assets
Loans and advances to HSBC undertakings ........................................................... 4,842 6,962 11,804
Financial investments .............................................................................................. – 2,629 2,629
Other financial assets ............................................................................................... 25 – 25
4,867 9,591 14,458
Liabilities
Amounts owed to HSBC undertakings ................................................................... 176 3,866 4,042
Financial liabilities designated at fair value ............................................................ 1,500 14,889 16,389
Other financial liabilities ......................................................................................... 1,805 11 1,816
Subordinated liabilities ............................................................................................ – 14,017 14,017
3,481 32,783 36,264
34 Foreign exchange exposures
Structural foreign exchange exposures
HSBC’s structural foreign exchange exposures are represented by the net asset value of its foreign exchange equity
and subordinated debt investments in subsidiaries, branches, joint ventures and associates with non-US dollar
functional currencies. Gains or losses on structural foreign exchange exposures are recognised in other
comprehensive income. HSBC’s management of its structural foreign exchange exposures is discussed in the ‘Report
of the Directors: Risk’ on page 257.
In its separate financial statements, HSBC Holdings recognises its foreign exchange gains and losses on structural
foreign exchange exposures in the income statement.