HSBC 2015 Annual Report Download - page 402

Notes on the Financial Statements (continued)
17 – Financial investments / 18 – Assets charged as security and collateral accepted
HSBC HOLDINGS PLC
400
Financial investments listed and unlisted
Treasury and
other eligible
bills available
for sale
Debt
securities
available
for sale
Debt
securities
held to
maturity
Equity
securities
available
for sale Total
$m $m $m $m $m
Carrying amount
Listed1 6,151 170,271 9,565 842 186,829
Unlisted2 98,400 104,196 34,537 4,993 242,126
104 1
At 31 December 2015 104,551 274,467 44,102 5,835 428,955
Carrying amount
Listed1 4,101 168,879 6,037 5,928 184,945
Unlisted2 77,416 116,626 31,714 4,766 230,522
At 31 December 2014 81,517 285,505 37,751 10,694 415,467
1 The fair value of listed held-to-maturity debt securities as at 31 December 2015 was $10bn (2014: $6bn). Included within listed investments were $5bn
(2014: $4bn) of investments listed on a recognised exchange in Hong Kong.
2 Unlisted treasury and other eligible bills available for sale primarily comprise treasury bills not listed on an exchange but for which there is a liquid
market.
Maturities of investments in debt securities at their carrying amount
1 year or less
5 years or less
but over 1 year
10 years or less
but over 5 years Over 10 years Total
$m $m $m $m $m
Available for sale 61,664 131,023 42,140 39,640 274,467
Held to maturity 2,428 10,242 8,881 22,551 44,102
At 31 December 2015 64,092 141,265 51,021 62,191 318,569
Available for sale 68,344 134,815 44,938 37,408 285,505
Held to maturity 1,396 9,622 7,087 19,646 37,751
At 31 December 2014 69,740 144,437 52,025 57,054 323,256
Contractual maturities and weighted average yields of investment debt securities
Within one year
After one year but
within five years
After five years but within
ten years After ten years
Amount Yield Amount Yield Amount Yield Amount Yield
$m %$m %$m % $m %
Available for sale
US Treasury 9,316 0.5 20,352 1.2 12,805 2.1 3,594 3.3
US Government agencies
–
–
64.2 33 3.9 13,575 2.5
US Government-sponsored agencies 8 5.3 3,029 3.0 911 2.2 1,716 3.0
UK Government 2,479 1.7 8,005 1.3 8,518 1.4 1,215 0.1
Hong Kong Government 674 0.5 1,408 1.1
–
–
–
–
Other governments 37,197 2.0 60,899 2.4 10,312 2.9 2,543 3.0
Asset-backed securities 18 1.4 657 1.4 2,530 1.3 11,027 1.3
Corporate debt and other securities 12,285 1.5 35,210 1.4 5,937 1.9 6,287 3.0
Total amortised cost at 31 December 2015 61,977 129,566 41,046 39,957
Total carrying value 61,664 131,023 42,140 39,640
Held to maturity
US Treasury 2 0.9 76 4.9 46 4.8 119 4.2
US Government agencies
–
–
13 1.4 30 4.0 9,254 2.4
US Government-sponsored agencies
–
–
112 1.3 597 2.7 3,991 2.9
Hong Kong Government 4 0.7 44 1.4 16 1.8 9 1.4
Other governments 59 5.5 217 4.7 184 5.3 725 4.6
Asset-backed securities
–
–
–
–
–
–
7 6.5
Corporate debt and other securities 2,363 3.0 9,780 3.5 8,008 3.7 8,446 4.1
Total amortised cost at 31 December 2015 2,428 10,242 8,881 22,551
Total carrying value 2,428 10,242 8,881 22,551
The maturity distributions of ABSs are presented in the above table on the basis of contractual maturity dates. The weighted
average yield for each range of maturities is calculated by dividing the annualised interest income for the year ended
31 December 2015 by the book amount of available-for-sale debt securities at that date. The yields do not include the effect
of related derivatives.