HSBC 2011 Annual Report Download - page 280

HSBC HOLDINGS PLC
Financial Statements
Contents / Consolidated income statement
278
Financial statements
Financial Statements
Consolidated income statement ............................... 279
Consolidated statement of comprehensive income .. 280
Consolidated balance sheet ..................................... 281
Consolidated statement of cash flows ....................... 282
Consolidated statement of changes in equity ........... 283
HSBC Holdings balance sheet ................................. 286
HSBC Holdings statement of cash flows................... 287
HSBC Holdings statement of changes in equity ...... 288
Notes on the Financial Statements
1 Basis of preparation ............................................. 291
2 Summary of significant accounting policies ........ 294
3 Net income/(expense) from financial
instruments designated at fair value ............... 313
4 Net earned insurance premiums .......................... 314
5 Net insurance claims incurred and movement
in liabilities to policyholders ........................... 314
6 Operating profit ................................................... 315
7 Employee compensation and benefits .................. 316
8 Auditors’ remuneration ........................................ 325
9 Share-based payments ......................................... 327
10 Tax ..................................................................... 330
11 Dividends ............................................................. 334
12 Earnings per share ............................................... 335
13 Segmental analysis ............................................... 336
14 Analysis of financial assets and liabilities
by measurement basis ...................................... 341
15 Trading assets ...................................................... 345
16 Fair values of financial instruments
carried at fair value ......................................... 346
17 Fair values of financial instruments
not carried at fair value ................................... 357
18 Reclassification of financial assets ...................... 359
19 Financial assets designated at fair value ............. 360
20 Derivatives ............................................................ 361
21 Financial investments ........................................... 365
22 Transfers of financial assets not qualifying
for derecognition .............................................. 368
23 Interests in associates and joint ventures ............. 369
24 Goodwill and intangible assets ............................ 371
25 Property, plant and equipment ............................. 376
26 Investments in subsidiaries ................................... 378
27 Assets held for sale and other assets .................... 379
28 Trading liabilities ................................................. 381
29 Financial liabilities designated at fair value ....... 381
30 Debt securities in issue ......................................... 381
31 Liabilities of disposal groups held for sale
and other liabilities .......................................... 383
32 Liabilities under insurance contracts ................... 383
33 Provisions ............................................................. 386
34 Subordinated liabilities ........................................ 387
35 Maturity analysis of assets and liabilities ............ 391
36 Foreign exchange exposures ................................ 392
37 Assets charged as security for liabilities and
collateral accepted as security for assets ........ 392
38 Non-controlling interests ...................................... 393
39 Called up share capital and other equity
instruments ....................................................... 394
40 Notes on the statement of cash flows .................... 397
41 Contingent liabilities, contractual commitments
and guarantees ................................................. 399
42 Lease commitments ............................................... 400
43 Special purpose entities ........................................ 401
44 Legal proceedings and regulatory matters .......... 405
45 Related party transactions .................................... 410
46 Events after the balance sheet date ...................... 413