HSBC 2001 Annual Report Download - page 254

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
252
The following tables summarise the significant adjustments to consolidated net income and shareholders’ equity
which would result from the application of US GAAP.
Note 2001 2000 1999
US$m US$m US$m US$m US$m US$m
NET INCOME
Attributable profit of HSBC (UK GAAP) .......... 5,406 6,628 5,408
Lease financing ....................................................... (40 ) (53) (53)
Debt swaps .............................................................. a497 (44)
Shareholders’ interest in long-term assurance fund (152) (140) (101)
Pension costs........................................................... b(26) (113) (199)
Stock-based compensation ...................................... c(316) (234) (133)
Goodwill ................................................................. d(509) (363) (296)
Internal software costs............................................. e264 185 137
Revaluation of property........................................... 49 69 34
Purchase accounting adjustments ............................ f(49) 68 130
Accruals accounted derivatives ............................... g280 116
–
Foreign exchange gains on investment securities.... 312
–
–
Taxation : US GAAP ............................................. h(186) (8) (20)
: on reconciling items.............................. (162) (32) 37
(348) (40) 17
Minority interest in reconciling items...................... 36 16 (11)
Estimated net income (US GAAP).......................... 4,911 6,236 4,889
US$ US$ US$
Per share amounts (US GAAP)
Basic earnings per ordinary share............................ l0.53 0.71 0.59
Diluted earnings per ordinary share......................... l0.53 0.70 0.58
Note 2001 2000
US$m US$m US$m US$m
SHAREHOLDERS’ EQUITY
Shareholders’ funds (UK GAAP)............................................................ 45,979 45,570
Lease financing ....................................................................................... (300) (267)
Debt swaps .............................................................................................. a–(4)
Shareholders’ interest in long-term assurance fund................................. (798 ) (662)
Pension costs........................................................................................... b(1,157) (1,151)
Goodwill ................................................................................................. d1,944 2,562
Internal software costs............................................................................. e570 313
Revaluation of property........................................................................... (2,681) (3,044)
Purchase accounting adjustments ............................................................ f104 198
Accruals accounted derivatives ............................................................... g419 116
Fair value adjustment for securities available-for-sale ............................ j1,342 1,316
Own shares held...................................................................................... (608) (650)
Dividend payable .................................................................................... 2,700 2,627
Taxation : US GAAP ............................................................................. h516 737
: on reconciling items.............................................................. 57 119
573 856
Minority interest in reconciling items...................................................... 357 292
Estimated shareholders’ equity (US GAAP) ........................................... 48,444 48,072