HSBC 2006 Annual Report Download - page 370

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 23 and 24
368
HSBC properties leased to customers
HSBC properties leased to customers included US$470 million at 31 December 2006 (2005: US$646 million) let
under operating leases, net of accumulated depreciation of US$53 million (2005: US$42 million). None was held by
HSBC Holdings.
24 Investments in subsidiaries
Principal subsidiary undertakings of HSBC Holdings
At 31 December 2006
Country of
incorporation
or registration
HSBC’s
interest in
equity capital
%
Issued equity
capital
Europe
HFC Bank Limited .......................................................................................... England 100 £109m
HSBC Investments (UK) Limited ................................................................... England 100 £37m
HSBC Asset Finance (UK) Limited ................................................................ England 100 £265m
HSBC Bank A.S. ............................................................................................. Turkey 100 TRL277m
HSBC Bank Malta p.l.c. .................................................................................. Malta 70.03 Lm36m
HSBC Bank Middle East Limited ................................................................... Jersey 100 US$431m
HSBC Bank plc ................................................................................................ England 100 £797m
HSBC France ................................................................................................... France 99.99 €378m
HSBC Guyerzeller Bank AG ........................................................................... Switzerland 100 SFr95m
HSBC Insurance Brokers Limited ................................................................... England 100 £2.8m
HSBC Life (UK) Limited ................................................................................ England 100 £94m
HSBC Private Bank (Guernsey) Limited ........................................................ Guernsey 100 US$22m
HSBC Private Bank (Suisse) S.A. ................................................................... Switzerland 100 SFr683m
HSBC Private Bank (UK) Limited .................................................................. England 100 £177m
HSBC Trinkaus & Burkhardt AG ................................................................... Germany 78.60 €70m
Hong Kong
Hang Seng Bank Limited ................................................................................ Hong Kong 62.14 HK$9,559m
HSBC Insurance (Asia) Limited ...................................................................... Hong Kong 100 HK$125m
HSBC Life (International) Limited ................................................................. Bermuda 100 HK$327m
The Hongkong and Shanghai Banking Corporation Limited ......................... Hong Kong 100 HK$22,494m
Rest of Asia-Pacific
HSBC Bank Australia Limited ........................................................................ Australia 100 A$811m
HSBC Bank Egypt S.A.E. ............................................................................... Egypt 94.53 E£1,073m
HSBC Investments (Taiwan) Limited ............................................................. Taiwan 100 TWD788m
HSBC Bank Malaysia Berhad ......................................................................... Malaysia 100 RM$114m
North America
The Bank of Bermuda Limited ........................................................................ Bermuda 100 US$30m
HSBC Bank Canada ........................................................................................ Canada 100 C$1,125m
HSBC Bank USA, N.A. ................................................................................... United States 100 US$2m
HSBC Finance Corporation ............................................................................. United States 100 US$3,038m
HSBC Securities (USA) Inc. ........................................................................... United States 100 –1
HSBC Technology & Services (USA) Inc. ..................................................... United States 100 –1
Latin America
HSBC Bank Argentina S.A. ............................................................................ Argentina 99.99 ARS1,103m
HSBC Bank Brasil S.A. – Banco Múltiplo ..................................................... Brazil 100 BRL2,147m
HSBC La Buenos Aires Seguros S.A. ............................................................. Argentina 99.53 ARS44m
HSBC Mexico S.A. .......................................................................................... Mexico 99.99 MXP3,930m
HSBC Seguros (Brasil) S.A. ............................................................................ Brazil 97.94 BRL350m
Maxima S.A. AFJP .......................................................................................... Argentina 59.99 ARS200m
Primer Banco del Istmo, S.A. .......................................................................... Panama 99.39 US$576m
1 Issued equity capital is less than US$1 million.
2 Details of the debt, subordinated debt and preference shares issued by the principal subsidiaries to parties external to the Group are
included in the Notes 28 ‘Debt securities in issue’, 32 ‘Subordinated liabilities’ and 37 ‘Minority interests’ respectively.
All the above subsidiaries are included in the HSBC consolidated financial statements.