HSBC 2010 Annual Report Download - page 118

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Credit quality > Financial instruments / Past due but not impaired
116
Trading assets on which credit quality has been
assessed decreased by 11%, with the decline being
in assets rated as ‘strong’. This reflected the de-
consolidation of the Constant Net Asset Value funds.
The following tables set out our distribution of
financial instruments by measures of credit quality:
Distribution of financial instruments by credit quality
(Audited)
Neither past due nor impaired Past due Impair-
Strong Good Satisfactory
Sub-
standard
but not
impaired Impaired
ment
allowances27 Total
US$m US$m US$m US$m US$m US$m US$m US$m
At 31 December 2010
Cash and balances at central
banks ...................................... 51,682 3,100 2,461 140 57,383
Items in the course of collection
from other banks .................... 5,631 101 340 – 6,072
Hong Kong Government
certificates of indebtedness ... 19,057 – – – 19,057
Trading assets28 .......................... 256,576 41,620 43,278 2,492 343,966
– treasury and other eligible
bills ..................................... 23,663 1,000 957 – 25,620
– debt securities ..................... 141,837 8,254 17,222 955 168,268
– loans and advances to banks 55,534 9,980 4,865 77 70,456
– loans and advances to
customers ............................ 35,542 22,386 20,234 1,460 79,622
Financial assets designated at
fair value28 ............................. 8,377 4,640 6,536 40 19,593
– treasury and other eligible
bills ..................................... 158 – 1 – 159
– debt securities ..................... 7,310 4,368 6,530 40 18,248
– loans and advances to banks 38 272 5 – 315
– loans and advances to
customers ............................ 871 – – – 871
Derivatives28 .............................. 199,920 45,042 13,980 1,815 260,757
Loans and advances held at
amortised cost ........................ 653,248 251,265 186,704 37,057 30,320 28,284 (20,241) 1,166,637
– loans and advances to banks 166,943 33,051 6,982 1,152 108 193 (158) 208,271
– loans and advances to
customers29 ......................... 486,305 218,214 179,722 35,905 30,212 28,091 (20,083) 958,366
Financial investments ................ 345,265 23,253 17,168 4,479 16 2,591 392,772
– treasury and other similar
bills ..................................... 52,423 2,702 1,882 115 –7 57,129
– debt securities ..................... 292,842 20,551 15,286 4,364 16 2,584 335,643
Other assets ................................ 9,752 6,067 12,212 1,510 513 317 30,371
– endorsements and
acceptances ......................... 2,074 3,305 4,227 493 98 10,116
– accrued income and other .. 7,678 2,762 7,985 1,017 504 309 20,255
Total financial instruments ........ 1,549,508 375,088 282,679 47,533 30,849 31,192 (20,241) 2,296,608