HSBC 2010 Annual Report Download - page 348

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
33 – Provisions / 34 – Subordinated liabilities
346
33 Provisions
2010 2009
US$m US$m
At 1 January .............................................................................................................................................. 1,965 1,730
Additional provisions/increase in provisions ........................................................................................... 812 894
Provisions utilised .................................................................................................................................... (564) (684)
Amounts reversed ..................................................................................................................................... (132) (225)
Exchange differences and other movements ............................................................................................ 57 250
At 31 December ........................................................................................................................................ 2,138 1,965
Provisions include US$1,257m (2009: US$1,025m) relating to legal proceedings, investigations and regulatory
matters, US$405m (2009: US$449m) relating to costs arising from contingent liabilities and contractual
commitments; and US$118m (2009: US$158m) relating to provisions for onerous property contracts.
34 Subordinated liabilities
HSBC
2010 2009
US$m US$m
Subordinated liabilities
At amortised cost .................................................................................................................................. 33,387 30,478
– subordinated liabilities ..................................................................................................................... 28,309 23,893
– preferred securities ........................................................................................................................... 5,078 6,585
Designated at fair value (Note 29) ....................................................................................................... 23,815 24,433
– subordinated liabilities ..................................................................................................................... 19,395 20,180
– preferred securities ........................................................................................................................... 4,420 4,253
57,202 54,911
Subordinated liabilities
HSBC Holdings .................................................................................................................................... 22,878 23,048
Other HSBC ......................................................................................................................................... 34,324 31,863
57,202 54,911