Home » HSBC Annual Reports » 2005 Annual Report - page 360

HSBC 2005 Annual Report Download - page 360

Download and view the complete annual report

Please find page 360 of the 2005 HSBC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

HSBC HOLDINGS PLC

Notes on the Financial Statements

(continued)

358

(f) Reconciliation of consolidated balance sheets at 31 December 2004 and 1 January 2005

Adjustments to HSBC’s balance sheet under IFRSs at 31 December 2004 to incorporate its accounting policies under IFRSs at 1 January 2005 (see Note 2) are set out below:

Effect of adopting IAS 32, IAS 39 and IFRS 4

IFRSs at

31 December

2004

Derivatives

and hedge

accounting

Investment

securities

Fair value

option

Fee

income

Non-equity

reclassi-

fication

Loan

impairment Insurance Offsetting

Reclassi-

fications Other Total

IFRSs at

1 January

2005

US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m

ASSETS

Cash and balances at

central banks ...... 9,944–––––––––889,952

Items in the course of

collection from

other banks ......... 6,338 – – – – – – – – – 14 14 6,352

Hong Kong

Government

certificates of

indebtedness ....... 11,878 – – – – – – – – – – – 11,878

Trading assets ......... 122,160 112 – (3,762) (40) – – 17 – (2,547) 55 (6,165) 115,995

Financial assets

designated at

fair value ............. – 7 – 14,722 – – – – – – – 14,729 14,729

Derivatives .............. 32,190 6,338 – 2,285 – – – – 4,596 9,800 (2) 23,017 55,207

Loans and advances

to banks .............. 143,449 551 – (656) – – – – – (1) (222) (328) 143,121

Loans and advances

to customers ....... 672,891 1 – (1,978) (223) – 364 – 66,442 2,800 (1,822) 65,584 738,475

Financial

investments ........ 185,332 55 2,546 (8,325) (12) – – 637 1,072 491 173 (3,363) 181,969

Interests in associates

and joint ventures 3,441 17 (3) – – – – 9 – – – 23 3,464

Goodwill and

intangible assets . 34,495 – – – – – – (384) – – 3 (381) 34,114

Property, plant and

equipment ........... 15,624 – – – – – – – – – – – 15,624

Other assets ............ 23,077 (104) (51) 313 (13) – (87) (639) 15,570 (10,543) (193) 4,253 27,330

Prepayments and

accrued income .. 19,155 (5,992) (43) (1,643) 189 – (144) – 92 – (57) (7,598) 11,557

Total assets ............. 1,279,974 985 2,449 956 (99) – 133 (360) 87,772 – (2,043) 89,793 1,369,767