HSBC 2011 Annual Report Download - page 334

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HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
10 – Tax
Movement of deferred tax assets and liabilities before offsetting balances within countries
Retirement
benefits
Loan
impairment
provisions
Unused tax
losses and
tax credits
Accelerated
capital
allowances
Available-
for-sale
investments
Cash flow
hedges
Share-
based
payments
Assets
leased to
customers
Revaluation
of property Fee income Other Total
US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m
2011
Assets ......................................................... 1,538 4,799 351 109 11 352 241 – – – 957 8,358
Liabilities ................................................... – – (3) (126) (135) (88) – (707) (225) (756) (400) (2,440)
At 1 January 2011 ..................................... 1,538 4,799 348 (17) (124) 264 241 (707) (225) (756) 557 5,918
Acquisitions and disposals ........................ 3 – 11 – (3) (5) 1 – 22 – (6) 23 Income statement ....................................... (437) (224) 945 137 10 14 1 93 (36) 17 627 1,147 Other comprehensive income .................... (322) – – – (533) 53 – – – – – (802)
Equity ........................................................ – – – – – – 27 – – – – 27
Foreign exchange and other adjustments .. (147) (127) 24 (3) 93 24 16 33 12 2 (32) (105)
At 31 December 2011 .............................. 635 4,448 1,328 117 (557) 350 286 (581) (227) (737) 1,146 6,208 Assets ......................................................... 742 4,448 1,328 117 – 487 286 14 – – 1,709 9,131
Liabilities ................................................... (107) – – – (557) (137) – (595) (227) (737) (563) (2,923)
2010 Assets ......................................................... 1,772 6,363 407 215 68 229 196 – – – 1,535 10,785
Liabilities ................................................... – – – (129) (340) (91) – (1,121) (399) (1,080) (842) (4,002)
At 1 January 2010 ..................................... 1,772 6,363 407 86 (272) 138 196 (1,121) (399) (1,080) 693 6,783
Acquisitions and disposals ........................ – 8 – – 12 (2) – – – – (16) 2
Income statement ....................................... (468) (1,702) (70) 14 (16) 3 50 250 75 386 343 (1,135)
Other comprehensive income .................... (1) – – – (73) 70 – – – – – (4)
Equity ........................................................ – – – – – – (14) – – – – (14) Foreign exchange and other adjustments .. 235 130 11 (117) 225 55 9 164 99 (62) (463) 286
At 31 December 2010 ............................... 1,538 4,799 348 (17) (124) 264 241 (707) (225) (756) 557 5,918 Assets ......................................................... 1,538 4,799 351 109 11 352 241 – – – 957 8,358
Liabilities ................................................... – – (3) (126) (135) (88) – (707) (225) (756) (400) (2,440)