HSBC 2001 Annual Report Download - page 245

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(ii) Geographical analysis of tangible fixed assets
2001 2000 1999
US$m US$m US$m
United Kingdom .............................................................. 5,270 5,504 5,469
Other ................................................................................ 8,251 8,517 7,399
Total................................................................................. 13,521 14,021 12,868
Other includes assets held in Hong Kong amounting to US$4,589 million (2000: US$4,954 million; 1999:
US$4,733 million).
48 Related party transactions
(a) Transactions, arrangements and agreements involving Directors and others
Particulars of transactions, arrangements and agreements entered into by subsidiary undertakings of HSBC
Holdings with Directors and connected persons and companies controlled by them and with officers of HSBC
Holdings disclosed pursuant to section 232 of the Companies Act 1985 are as follows:
2001 2000
Number US$m Number US$m
Directors and connected persons and companies controlled
by them:
Loans and credit card transactions (including US$259,172
in credit card transactions (2000: US$319,000) and
US$34,541,955 in guarantees (2000: US$6,706,000))........ 150 716 154 1,127
Officers:
Loans and credit card transactions (including US$149,753
in credit card transactions (2000: US$140,000) and
US$nil in guarantees (2000: US$ nil)) ................................ 27 13 24 7
Particulars of Directors’ transactions are recorded in a register held at the Registered Office of HSBC Holdings
which is available for inspection by members. The transactions were made in the ordinary course of business
and on substantially the same terms, including interest rates and security, as for comparable transactions with
persons of a similar standing or, where applicable, with other employees. The transactions did not involve more
than the normal risk of repayment or present other unfavourable features.
(b) Transactions with other related parties of HSBC
Joint ventures
Information relating to joint ventures can be found in the ‘Notes on the Financial Statements’ where the
following are disclosed:
− Notes 15 and 16: amounts due from joint ventures;
− Note 21: interests in joint ventures and principal joint ventures; and
− Note 28 and 29: amount due to joint ventures.
During the year HSBC charged HSBC Merrill Lynch US$146.0 million (2000: US$6.7 million) for services
provided during the year.
Associates
Information relating to associates can be found in the ‘Notes on the Financial Statements’ where the following
are disclosed: