HSBC 2011 Annual Report Download - page 368

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
21 – Financial investments
366
Carrying amount and fair value of financial investments
2011 2010
Carrying
amount
Fair
value
Carrying
amount
Fair
value
US$m US$m US$m US$m
Treasury and other eligible bills ................................................... 65,223 65,223 57,129 57,129
– available for sale .................................................................. 65,042 65,042 57,016 57,016
– held to maturity .................................................................... 181 181 113 113
Debt securities .............................................................................. 327,611 329,093 335,643 336,632
– available for sale .................................................................. 306,593 306,593 316,257 316,257
– held to maturity .................................................................... 21,018 22,500 19,386 20,375
Equity securities ........................................................................... 7,210 7,210 7,983 7,983
– available for sale .................................................................. 7,210 7,210 7,983 7,983
Total financial investments ........................................................... 400,044 401,526 400,755 401,744
Financial investments at amortised cost1 and fair value2
Amortised
cost
Fair
value
US$m US$m
At 31 December 2011
US Treasury .............................................................................................................................................. 43,848 45,283
US Government agencies3 ........................................................................................................................ 25,079 26,093
US Government sponsored entities3 ......................................................................................................... 4,425 5,056
UK Government ........................................................................................................................................ 32,165 33,603
Hong Kong Government .......................................................................................................................... 33,359 33,374
Other government ..................................................................................................................................... 125,623 127,049
Asset-backed securities4 ........................................................................................................................... 35,096 28,625
Corporate debt and other securities .......................................................................................................... 94,110 95,233
Equities ..................................................................................................................................................... 5,122 7,210
398,827 401,526
At 31 December 2010
US Treasury .............................................................................................................................................. 37,380 37,255
US Government agencies3 ........................................................................................................................ 20,895 21,339
US Government sponsored entities3 ......................................................................................................... 5,029 5,267
UK Government ........................................................................................................................................ 31,069 31,815
Hong Kong Government .......................................................................................................................... 29,770 29,793
Other government ..................................................................................................................................... 108,947 109,806
Asset-backed securities4 ........................................................................................................................... 39,845 33,175
Corporate debt and other securities .......................................................................................................... 124,704 125,311
Equities ..................................................................................................................................................... 5,605 7,983
403,244 401,744
At 31 December 2009
US Treasury .............................................................................................................................................. 17,650 17,635
US Government agencies3 ........................................................................................................................ 12,539 12,804
US Government sponsored entities3 ......................................................................................................... 4,885 4,924
UK Government ........................................................................................................................................ 9,653 9,782
Hong Kong Government .......................................................................................................................... 37,747 37,763
Other government ..................................................................................................................................... 87,122 87,881
Asset-backed securities4 ........................................................................................................................... 48,500 34,914
Corporate debt and other securities .......................................................................................................... 153,639 154,902
Equities ..................................................................................................................................................... 7,051 9,124
378,786 369,729
1 Represents the amortised cost or cost basis of the financial investment.
2 Included within these figures are debt securities issued by banks and other financial institutions of US$68,334m (2010: US$99,733m;
2009: US$133,256m), of which US$17,079m (2010: US$38,862m; 2009: US$55,324m) are guaranteed by various governments. The
fair value of the debt securities issued by banks and other financial institutions was US$68,765m (2010: US$100,070m; 2009:
US$133,461m).
3 Includes securities that are supported by an explicit guarantee issued by the US Government.
4 Excludes asset-backed securities included under US Government agencies and sponsored entities.