HSBC 2005 Annual Report Download - page 328

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
326
39 Notes on the cash flow statement
Non-cash items included in the income statement
HSBC HSBC Holdings
2005 2004 2005 2004
US$m US$m US$m US$m
Depreciation and amortisation .......................................... 2,213 2,225 11 12
Revaluations on investment property ................................ (201) (99) ––
Issue of share options ........................................................ 540 450 ––
Loan impairment losses .................................................... 7,801 6,191 –118
Loans written off net of recoveries ................................... (8,549) (7,931) ––
Provisions for liabilities and charges ................................ 327 1,181 ––
Provisions utilised ............................................................ (327) (1,018) –(55)
Impairment of financial investments ................................ –(105) (11) 92
Accretion of discounts and amortisation of premiums ..... (446) (175) ––
1,358 719 –167
Change in operating assets
HSBC HSBC Holdings
2005 2004 2005 2004
US$m US$m US$m US$m
Change in loans to HSBC undertakings ........................... ––2,544 (2,880)
Change in prepayments and accrued income .................... 7,121 (5,329) (14) –
Change in net trading securities and net derivatives ......... 4,940 2,695 ––
Change in loans and advances to banks ............................ 307 10,825 ––
Change in loans and advances to customers ..................... (71,107) (130,228) ––
Change in financial assets designated at fair value ........... (15,048) –––
Change in other assets ...................................................... (8,923) (2,262) (19) (3)
(82,710) (124,299) 2,511 (2,883)
Change in operating liabilities
HSBC HSBC Holdings
2005 2004 2005 2004
US$m US$m US$m US$m
Change in accruals and deferred income .......................... (3,810) 2,578 (77) (17)
Change in deposits by banks ............................................ (14,328) 12,187 ––
Change in customer accounts ........................................... 46,394 104,877 ––
Change in debt securities in issue ..................................... (19,047) 52,256 ––
Change in financial liabilities designated at fair value ..... 61,837 –––
Change in other liabilities ................................................. (113) 6,116 (3,272) 1,173
70,933 178,014 (3,349) 1,156
Cash and cash equivalents comprise
HSBC HSBC Holdings
2005 2004 2005 2004
US$m US$m US$m US$m
Cash at bank with HSBC undertakings ............................ ––756 246
Cash and balances at central banks .................................. 13,712 9,944 ––
Items in the course of collection from other banks ........... 11,300 6,338 ––
Loans and advances to banks of one month or less .......... 100,527 117,658 ––
Treasury bills, other bills and certificates of deposit
less than three months .................................................. 22,790 32,317 ––
Less: items in the course of transmission to other banks .. (7,022) (5,301) ––
141,307 160,956 756 246
The total interest paid by HSBC during the year was US$33,974 million (2004: US$19,038 million).