HSBC 2013 Annual Report Download - page 103
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17 Other assets
2013
$m
2012
$m
Deferred tax ................................................................................................................... 120 138
Accounts receivable and other ....................................................................................... 75 116
Investments in associates ............................................................................................... 67 77
Current tax ..................................................................................................................... 34 18
Due from clients, dealers and clearing corporations ...................................................... 29 24
Other non-financial assets .............................................................................................. 8110
Assets held for sale ........................................................................................................ –427
333 910
At 31 December 2012 a portfolio of private label credit cards loans were held for sale. These were sold during the course
of the year, with no significant impact on net profit.
18 Goodwill and intangible assets
2013
$m
2012
$m
Goodwill ........................................................................................................................ 23 23
Internally generated computer software ......................................................................... 45 48
68 71
No goodwill impairment was recognized in 2013 or 2012.
19 Trading liabilities
2013
$m
2012
$m
Other liabilities – net short positions ............................................................................. 3,617 1,644
Customer trading liabilities ............................................................................................ 442 916
Trading liabilities due to other banks ............................................................................. 300 55
Other debt securities in issue ......................................................................................... 37 57
4,396 2,672
20 Debt securities in issue
2013
$m
2012
$m
Bonds and medium term notes ....................................................................................... 10,299 10,559
Money market instruments ............................................................................................ 1,049 1,421
11,348 11,980
Debt securities are recorded at cost
Term to maturity
Less than 1 year ....................................................................................................... 3,365 4,136
1–5 years .................................................................................................................. 6,659 7,735
Over 5 years ............................................................................................................. 1,324 109
11,348 11,980
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