HSBC 2012 Annual Report Download - page 501

499
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Cash and cash equivalents
HSBC HSBC Holdings
2012 2011 2010 2012 2011
US$m US$m US$m US$m US$m
Cash at bank with HSBC undertakings ............................ – – – 353 316
Cash and balances at central banks .................................. 141,532 129,902 57,383 – –
Items in the course of collection from other banks .......... 7,303 8,208 6,072 – –
Loans and advances to banks of one month or less ......... 148,232 169,858 189,197 – –
Treasury bills, other bills and certificates of deposit
less than three months .................................................. 25,379 26,226 28,087 – –
Less: items in the course of transmission to other banks . (7,138) (8,745) (6,663) – –
315,308 325,449 274,076 353 316
Interest and dividends
HSBC HSBC Holdings
2012 2011 2010 2012 2011
US$m US$m US$m US$m US$m
Interest paid ...................................................................... (18,412) (23,125) (21,405) (2,661) (2,392)
Interest received ................................................................ 61,112 66,734 63,696 1,759 1,559
Dividends received ........................................................... 766 602 563 13,709 6,874
The amount of cash and cash equivalents not available for use by HSBC at 31 December 2012 was US$32,368m
(2011: US$39,345m), of which US$20,464m (2011: US$25,819m) related to mandatory deposits at central banks.
Disposal of subsidiaries and businesses
US cards
business
US branch
network
Other
disposals Total
US$m US$m US$m US$m
Assets
Loans and advances to banks ................................................................... – – 799 799
Loans and advances to customers ............................................................ 26,748 2,091 3,632 32,471
Financial investments ............................................................................... – – 924 924
Prepayments and accrued income ............................................................ 572 – 53 625
Goodwill and intangible assets ................................................................. 318 7 276 601
Other assets ............................................................................................... 369 68 1,618 2,055
Total assets excluding cash and cash equivalents .................................... 28,007 2,166 7,302 37,475
Liabilities
Deposits by banks ..................................................................................... – – 385 385
Customer accounts .................................................................................... – 13,199 5,986 19,185
Liabilities under insurance contracts ........................................................ – – 1,080 1,080
Other liabilities ......................................................................................... 161 7 1,012 1,180
Total liabilities .......................................................................................... 161 13,206 8,463 21,830
Aggregate net assets at date of disposal, excluding cash and cash
equivalents ............................................................................................ 27,846 (11,040) (1,161) 15,645
Non-controlling interests disposed............................................................ – – (81) (81)
Gain on disposal including costs to sell ................................................... 3,148 864 355 4,367
Add back: costs to sell .............................................................................. 72 15 56 143
Selling price .............................................................................................. 31,066 (10,161) (831) 20,074
Satisfied by:
Cash and cash equivalents received/(paid) as consideration ............... 31,066 (10,091) (542) 20,433
Cash and cash equivalents sold ............................................................ – (70) (321) (391)
Cash consideration received/(paid) up to 31 December 2012 ............. 31,066 (10,161) (863) 20,042
Cash still to be received at 31 December 2012 .................................... – – 32 32
Total cash consideration ....................................................................... 31,066 (10,161) (831) 20,074