HSBC 2008 Annual Report Download - page 337

335
Consolidated statement of recognised income and expense for the year ended 31 December 2008
2008 2007 2006
US$m US$m US$m
Available-for-sale investments:
– fair value gains/(losses) taken to equity ................................................. (23,722) 756 1,582
– fair value gains transferred to the income statement on disposal ........... (1,316) (1,826) (665)
– amounts transferred to the income statement in respect of
impairment losses..................................................................................... 1,779 86 21
Cash flow hedges:
– fair value gains/(losses) taken to equity ................................................. (1,720) 625 1,554
– fair value (gains)/losses transferred to income statement ...................... 1,754 (1,886) (2,198)
Share of changes in equity of associates and joint ventures ........................... (559) 372 20
Exchange differences ....................................................................................... (12,205) 5,946 4,675
Actuarial gains/(losses) on defined benefit plans ........................................... (1,609) 2,167 (78)
(37,598) 6,240 4,911
Tax on items taken directly to equity .............................................................. 1,879 (226) (44)
Total income and expense taken to equity during the year ............................. (35,719) 6,014 4,867
Profit for the year ............................................................................................. 6,498 20,455 16,871
Total recognised income and expense for the year ......................................... (29,221) 26,469 21,738
Total recognised income and expense for the year attributable to:
– shareholders of the parent company ....................................................... (29,225) 24,801 20,527
– minority interests .................................................................................... 4 1,668 1,211
(29,221) 26,469 21,738
The accompanying notes on pages 340 to 447, the audited sections of the ‘Report of the Directors: Risk’ on pages 188 to 280, ‘Critical
accounting policies’ on pages 61 to 66 and ‘Impact of Market Turmoil’ on pages 144 to 187 form an integral part of these financial
statements.