HSBC 2002 Annual Report Download - page 216

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
214
12 Treasury bills and other eligible bills
2002 2001 2000
US$m US$m US$m
Treasury bills and similar securities ............................................. 16,759 17,180 19,373
Other eligible bills........................................................................ 1,382 791 3,758
18,141 17,971 23,131
Of the total treasury and other eligible bills, US$12,902 million (2001: US$12,902 million; 2000:
US$15,862million) are non-trading book items; these are mainly short-term in maturity and are analysed below.
Investment securities:
Cost an
d
book value
US$m
At 1 January 2002................................................................................................................................ 12,902
Additions ............................................................................................................................................. 42,581
Acquisition of subsidiaries................................................................................................................... 50
Disposals and amounts repaid.............................................................................................................. (43,434)
Amortisation of discounts and premiums ............................................................................................ 315
Exchange and other movements .......................................................................................................... 488
At 31 December 2002......................................................................................................................... 12,902
The book value of non-trading treasury bills and other eligible bills, analysed by type of borrower, is as follows:
Available-for-sale
2002 2001 2000
US$m US$m US$m
US Treasury and Government agencies.......................................... 2,888 2,303 2,165
UK Government.............................................................................. 740 3,013 2,716
Hong Kong SAR Government ........................................................ 2,898 2,181 2,007
Other governments.......................................................................... 5,344 4,907 7,416
Corporate debt and other securities................................................. 1,032 498 1,558
12,902 12,902 15,862
The following tables provide an analysis of gross unrealised gains and losses for available-for-sale treasury bills and
other eligible bills:
Carryin
g
value
Gross
unrealise
d
gains
Gross
unrealise
d
losses Market
valuation
US$m US$m US$m US$m
31 December 2002
US Treasury and Government agencies............. 2,888 3 – 2,891
UK Government................................................. 740
–
– 740
Hong Kong SAR Government ........................... 2,898 2 – 2,900
Other governments............................................. 5,344 8 (1) 5,351
Corporate debt and other securities.................... 1,032
–
–1,032
12,902 13 (1) 12,914