HSBC 2002 Annual Report Download - page 234

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
232
25 Tangible fixed assets
(a) HSBC
Freehold
land and
buildings
Long
leasehold
land and
buildings
Short
leasehold
land and
buildings
Equipment,
fixtures and
fittings
Equipment
on
operating
leases Total
US$m US$m US$m US$m US$m US$m
Cost or valuation at 1 January 2002.............. 3,030 3,245 3,081 5,588 3,488 18,432
Additions ...................................................... 58 131 48 851 635 1,723
Acquisition of subsidiaries............................ 44
–
6127
–
177
Disposals ......................................................
(
116)
(
15)
(
56)
(
523)
(
337)
(
1,047 )
Reclassification............................................. 53
(
11)
(
111)69
–
–
Transfer of accumulated depreciation
arising on revaluation ...............................
(
67)
(
57)
(
98)––
(
222)
Impairment of land and buildings .................
(
41)–
–
––
(
41)
Deficit on revaluation ...................................
(
7)
(
218)
(
134)––
(
359)
Exchange and other movements.................... 161 124 35 368 397 1,085
Cost or valuation at 31 December 2002..... 3,115 3,199 2,771 6,480 4,183 19,748
Accumulated depreciation at 1 January
2002..........................................................
(
68)
(
5)
(
517)
(
3,499 )
(
822)
(
4,911 )
Disposals ...................................................... 8
–
36 424 227 695
Reclassification.............................................
–
(
1)34
(
33)
–
–
Transfer of accumulated depreciation
arising on revaluation ............................... 67 57 98
–
–222
Charge to the profit and loss account ............
(
54)
(
49)
(
98)
(
709)
(
239)
(
1,149 )
Exchange and other movements....................
(
29)
(
5)
(
28)
(
277)
(
85)
(
424)
Accumulated depreciation at 31
December 2002........................................
(
76)
(
3)
(
475)
(
4,094 )
(
919)
(
5,567 )
Net book value at 31 December 2002......... 3,039 3,196 2,296 2,386 3,264 14,181
Net book value at 31 December 2001 ........... 2,962 3,240 2,564 2,089 2,666 13,521
(b) HSBC Holdings
F
reehold lan
d
an
d
buildings
Equipment,
fixtures an
d
fittings Tota
l
US$m US$m US$m
Cost or valuation at 1 January 2002......................................... 448
Additions .................................................................................
–
11
Disposals.................................................................................. (4) (1) (5)
Cost or valuation at 31 December 2002 ...............................
–
44
Accumulated depreciation at 1 January 2002 ..........................
–
(1) (1)
Charge to the profit and loss account.......................................
–
(1) (1)
Accumulated depreciation at 31 December 2002 ................
–
(2) (2)
Net book value at 31 December 2002 ...................................
–
22
Net book value at 31 December 2001...................................... 4 3 7