HSBC 2011 Annual Report Download - page 289

287
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
HSBC Holdings statement of cash flows for the year ended 31 December 2011
2011 2010
Notes US$m US$m
Cash flows from operating activities
Profit before tax ............................................................................................................................. 5,758 5,237
Adjustments for:
– non-cash items included in profit before tax ......................................................................... 40 77 185
– change in operating assets ...................................................................................................... 40 (5,489) 3,091
– change in operating liabilities ................................................................................................ 40 (414) (1,754)
– net loss from investing activities ............................................................................................ 570 –
– tax (paid)/received .................................................................................................................. (57) 853
Net cash generated from operating activities ................................................................................ 445 7,612
Cash flows from investing activities
Proceeds from sale of financial investments ................................................................................. 941 –
Net cash outflow from acquisition of or increase in stake of subsidiaries ................................... (626) (6,649)
Net cash from/(used in) investing activities .................................................................................. 315 (6,649)
Cash flows from financing activities
Issue of ordinary share capital ....................................................................................................... 96 180
Issue of other equity instruments .................................................................................................. – 3,695
On exercise of share options ......................................................................................................... – 2
Subordinated loan capital issued ................................................................................................... – 1,349
Subordinated loan capital repaid ................................................................................................... (750) (2,100)
Debt securities issued .................................................................................................................... 5,338 –
Dividends paid ............................................................................................................................... (5,014) (3,441)
Dividends paid to holders of other equity instruments ................................................................. (573) (413)
Net cash used in financing activities ............................................................................................. (903) (728)
Net increase/(decrease) in cash and cash equivalents .............................................................. (143) 235
Cash and cash equivalents at 1 January ........................................................................................ 459 224
Cash and cash equivalents at 31 December .................................................................................. 40 316 459
The accompanying notes on pages 291 to 413, ‘Critical accounting policies’ on pages 38 to 42, the audited sections of ‘Risk’ on
pages 98 to 210 and the audited sections of ‘Capital’ on pages 211 to 217 form an integral part of these financial statements.