HSBC 2009 Annual Report Download - page 441

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23 Property, plant and equipment
HSBC
Property, plant and equipment
Freehold
land and
buildings
Long
leasehold
land and
buildings
Short
leasehold
land and
buildings1
Equipment,
fixtures
and fittings2
Equipment
on
operating
leases Total3
US$m US$m US$m US$m US$m US$m
Cost or fair value
At 1 January 2009 ................................................. 4,126 1,736 2,924 10,320 4,547 23,653
Additions at cost4 .................................................. 344 35 179 1,253 299 2,110
Acquisition of subsidiaries ................................... – – 15 7 – 22
Fair value adjustments .......................................... (58) 16 18 – – (24)
Disposals ............................................................... (201) (510) (98) (640) (117) (1,566)
Reclassified to held for sale .................................. (697) – (20) (63) – (780)
Transfers ............................................................... – (2) 2 – – –
Exchange differences ............................................ 342 62 90 737 507 1,738
Other changes ....................................................... 59 (10) 25 (62) – 12
At 31 December 2009 ........................................... 3,915 1,327 3,135 11,552 5,236 25,165
Accumulated depreciation and impairment
At 1 January 2009 ................................................. (368) (228) (886) (6,614) (1,532) (9,628)
Depreciation charge for the year .......................... (82) (44) (193) (1,160) (169) (1,648)
Disposals ............................................................... 39 46 90 495 (4) 666
Reclassified to held for sale .................................. 46 – 3 30 – 79
Impairment losses recognised ............................... (30) (1) (26) (20) – (77)
Exchange differences ............................................ (25) (7) (42) (496) (173) (743)
Other changes ....................................................... (30) 5 (11) 22 2 (12)
At 31 December 2009 ........................................... (450) (229) (1,065) (7,743) (1,876) (11,363)
Net carrying amount at 31 December 2009 .......... 3,465 1,098 2,070 3,809 3,360 13,802
Cost or fair value
At 1 January 2008 ................................................. 4,701 1,438 2,856 10,957 6,054 26,006
Additions at cost4 .................................................. 466 26 327 1,813 353 2,985
Acquisition of subsidiaries ................................... 29 – – 16 – 45
Fair value adjustments .......................................... (93) 4 (3) – – (92)
Disposals ............................................................... (138) (102) (41) (803) (175) (1,259)
Reclassified from/(to) held for sale ...................... 16 469 (2) 98 – 581
Transfers ............................................................... – 3 (3) – – –
Exchange differences ............................................ (611) (62) (214) (1,876) (1,685) (4,448)
Other changes ....................................................... (244) (40) 4 115 – (165)
At 31 December 2008 ........................................... 4,126 1,736 2,924 10,320 4,547 23,653
Accumulated depreciation and impairment
At 1 January 2008 ................................................. (344) (175) (826) (7,003) (1,964) (10,312)
Depreciation charge for the year .......................... (82) (53) (184) (1,201) (187) (1,707)
Disposals ............................................................... 7 2 14 537 57 617
Reclassified (from)/to held for sale ...................... 1 (18) – (30) – (47)
Transfers ............................................................... – (3) 3 – – –
Impairment losses recognised ............................... (30) (2) – (11) – (43)
Exchange differences ............................................ 73 9 107 1,257 561 2,007
Other changes ....................................................... 7 12 – (163) 1 (143)
At 31 December 2008 ........................................... (368) (228) (886) (6,614) (1,532) (9,628)
Net carrying amount at 31 December 2008 .......... 3,758 1,508 2,038 3,706 3,015 14,025
Net carrying amount at 1 January 2008 ................ 4,357 1,263 2,030 3,954 4,090 15,694
1 Including assets held on finance leases with a net book value of US$18 million (2008: US$13 million).
2 Including assets held on finance leases with a net book value of US$513 million (2008: US$315 million).
3 Including assets with a net book value of US$36 million (2008: US$28 million) pledged as security for liabilities.
4 At 31 December 2009, HSBC had US$878 million (2008: US$1,498 million) of contractual commitments to acquire property, plant and
equipment.