HSBC 2012 Annual Report Download - page 487

485
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
34 Maturity analysis of assets, liabilities and off-balance sheet commitments
The table on page 486 provides an analysis of consolidated total assets, liabilities and off-balance sheet commitments
by residual contractual maturity at the balance sheet date. Asset and liability balances are included in the maturity
analysis as follows:
• except for reverse repos, repos and debt securities in issue, trading assets and liabilities (including trading
derivatives) are included in the ‘Due less than one month’ time bucket, and not by contractual maturity because
trading balances are typically held for short periods of time;
• financial assets and liabilities with no contractual maturity (such as equity securities) are included in the ‘Due
over five years’ time bucket. Undated or perpetual instruments are classified based on the contractual notice
period which the counterparty of the instrument is entitled to give. Where there is no contractual notice period,
undated or perpetual contracts are included in the ‘Due over five years’ time bucket;
• non financial assets and liabilities with no contractual maturity (such as property, plant and equipment, goodwill
and intangible assets, current and deferred tax assets and liabilities and retirement benefit liabilities) are included
in the ‘Due over five years’ time bucket;
• financial instruments included within assets and liabilities of disposal groups held for sale are classified on the
basis of the contractual maturity of the underlying instruments and not on the basis of the disposal transaction;
and
• liabilities under insurance contracts are included in the ‘Due over five years’ time bucket. Liabilities under
investment contracts are classified in accordance with their contractual maturity. Undated investment contracts
are classified based on the contractual notice period investors are entitled to give. Where there is no contractual
notice period, undated contracts are included in the ‘Due over five years’ time bucket.
Loan and other credit-related commitments are classified on the basis of the earliest date they can be drawn down.