HSBC 2009 Annual Report Download - page 449

447
29 Other liabilities
HSBC HSBC Holdings
2009 2008 2009 2008
US$m US$m US$m US$m
Amounts due to investors in funds consolidated
by HSBC ............................................................................... 48,193 44,539 – –
Obligations under finance leases (Note 40) ............................. 644 563 – –
Dividend declared and payable by HSBC Holdings ................ 1,231 1,795 1,231 1,795
Endorsements and acceptances ................................................. 9,313 10,482 – –
Other liabilities ......................................................................... 9,259 15,005 26 21
68,640 72,384 1,257 1,816
30 Liabilities under insurance contracts
Gross
Reinsurers’
share Net
US$m US$m US$m
At 31 December 2009
Non-life insurance liabilities
Unearned premium provision .................................................................................. 833 (135) 698
Notified claims ......................................................................................................... 1,032 (245) 787
Claims incurred but not reported ............................................................................. 685 (82) 603
Other ........................................................................................................................ 178 (5) 173
2,728 (467) 2,261
Life insurance liabilities to policyholders
Life (non-linked) ...................................................................................................... 20,979 (771) 20,208
Investment contracts with discretionary participation features1 .............................. 21,014 – 21,014
Life (linked) ............................................................................................................. 8,986 (831) 8,155
50,979 (1,602) 49,377
Total liabilities under insurance contracts ............................................................... 53,707 (2,069) 51,638
At 31 December 2008
Non-life insurance liabilities
Unearned premium provision .................................................................................. 1,136 (159) 977
Notified claims ......................................................................................................... 908 (230) 678
Claims incurred but not reported ............................................................................. 368 (41) 327
Other ........................................................................................................................ 68 – 68
2,480 (430) 2,050
Life insurance liabilities to policyholders
Life (non-linked) ...................................................................................................... 17,370 (637) 16,733
Investment contracts with discretionary participation features1 .............................. 17,766 – 17,766
Life (linked) ............................................................................................................. 6,067 (956) 5,111
41,203 (1,593) 39,610
Total liabilities under insurance contracts ............................................................... 43,683 (2,023) 41,660
1 Though investment contracts with discretionary participation features are financial instruments, HSBC continues to treat them as
insurance contracts as permitted by IFRS 4.