HSBC 2001 Annual Report Download - page 240

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
238
46 Lease commitments
At the year-end, annual commitments under non-cancellable operating leases were:
2001 2000
US$m US$m
Leasehold land and buildings
Operating leases which expire:
– within 1 year ........................................................................................................... 37 33
– between 1 and 5 years ............................................................................................. 159 146
– over 5 years............................................................................................................. 164 136
360 315
2001 2000
US$m US$m
Equipment
Operating leases which expire:
– within 1 year ...........................................................................................................
–
1
– between 1 and 5 years ............................................................................................. 11 10
11 11
47 Segmental analysis
As HSBC is not required to disclose turnover, no segmental analysis of turnover is included. Turnover of non-
banking businesses is included in other operating income above. The allocation of earnings reflects the benefit of
shareholders’ funds to the extent that these are actually allocated to businesses in the segment by way of intra-HSBC
capital and funding structures. Common costs are included in segments on the basis of the actual recharges made.
In 2000, HSBC disclosed an analysis of its results by two classes of business, distinguishing the results of the
commercial banking and investment banking operations. This analysis is not provided for the current year, since it
no longer reflects the basis on which HSBC manages its business in practice as investment banking has increasingly
been aligned with HSBC’ s major corporate business.
(a) By geographical region
Geographical information has been classified by the location of the principal operations of the subsidiary
undertaking, or in the case of The Hongkong and Shanghai Banking Corporation Limited, HSBC Bank plc,
HSBC Bank Middle East and HSBC Bank USA operations, by the location of the branch responsible for
reporting the results or for advancing the funds. Due to the nature of HSBC’ s structure, the analysis of profits
and net assets shown below includes intra-HSBC items between geographical regions. The ‘Rest of Asia-
Pacific’ geographical segment includes the Middle East, India and Australasia.