HSBC 2007 Annual Report Download - page 340

HSBC HOLDINGS PLC
Financial Statements (continued)
338
Consolidated balance sheet at 31 December 2007
2007 2006
Notes US$m US$m
ASSETS
Cash and balances at central banks ........................................................................................ 21,765 12,732
Items in the course of collection from other banks ................................................................ 9,777 14,144
Hong Kong Government certificates of indebtedness ........................................................... 13,893 13,165
Trading assets ......................................................................................................................... 16 445,968 328,147
Financial assets designated at fair value ................................................................................ 17 41,564 20,573
Derivatives .............................................................................................................................. 18 187,854 103,702
Loans and advances to banks ................................................................................................. 33 237,366 185,205
Loans and advances to customers .......................................................................................... 33 981,548 868,133
Financial investments ............................................................................................................. 19 283,000 204,806
Interests in associates and joint ventures ............................................................................... 21 10,384 8,396
Goodwill and intangible assets ............................................................................................... 22 39,689 37,335
Property, plant and equipment ................................................................................................ 23 15,694 16,424
Other assets ............................................................................................................................. 25 39,493 29,823
Current tax asset ..................................................................................................................... 896 380
Deferred tax asset ................................................................................................................... 11 5,284 3,241
Prepayments and accrued income .......................................................................................... 20,091 14,552
Total assets ............................................................................................................................. 2,354,266 1,860,758
LIABILITIES AND EQUITY
Liabilities
Hong Kong currency notes in circulation .............................................................................. 13,893 13,165
Deposits by banks ................................................................................................................... 33 132,181 99,694
Customer accounts .................................................................................................................. 33 1,096,140 896,834
Items in the course of transmission to other banks ................................................................ 8,672 12,625
Trading liabilities .................................................................................................................... 26 314,580 226,608
Financial liabilities designated at fair value ........................................................................... 27 89,939 70,211
Derivatives .............................................................................................................................. 18 183,393 101,478
Debt securities in issue ........................................................................................................... 28 246,579 230,325
Retirement benefit liabilities .................................................................................................. 8 2,893 5,555
Other liabilities ....................................................................................................................... 29 35,013 28,019
Current tax liability ................................................................................................................. 2,559 1,805
Liabilities under insurance contracts ...................................................................................... 30 42,606 17,670
Accruals and deferred income ................................................................................................ 21,766 16,310
Provisions ................................................................................................................................ 31 1,958 1,763
Deferred tax liability ............................................................................................................... 11 1,859 1,096
Subordinated liabilities ........................................................................................................... 32 24,819 22,672
Total liabilities ........................................................................................................................ 2,218,850 1,745,830
Equity
Called up share capital ............................................................................................................ 38 5,915 5,786
Share premium account .......................................................................................................... 39 8,134 7,789
Other reserves ......................................................................................................................... 39 33,014 29,380
Retained earnings ................................................................................................................... 39 81,097 65,397
Total shareholders’ equity ...................................................................................................... 128,160 108,352
Minority interests .................................................................................................................... 37 7,256 6,576
Total equity ............................................................................................................................. 135,416 114,928
Total equity and liabilities ...................................................................................................... 2,354,266 1,860,758
The accompanying notes on pages 344 to 452, the audited sections of the ‘Report of the Directors: The Management of Risk’ on pages
192 to 288, ‘Critical accounting policies’ on pages 132 to 134 and ‘Off-balance sheet arrangements and special purpose entities’ on pages
183 to 191 form an integral part of these financial statements.
S K Green, Group Chairman