HSBC 2002 Annual Report Download - page 254

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
252
36 Reserves
HSBC HSBC Holdings Associates
US$m US$m US$m
Share premium account:
At 1 January 2002 ..................................................................... 3,373 3,373
–
Shares issued to QUEST ........................................................... 65 65
–
Shares issued under other option schemes ................................ 254 254
–
Shares issued in lieu of dividends ............................................. (45 ) (45)
–
At 31 December 2002 .............................................................. 3,647 3,647
–
Other reserves:
– Reserve in respect of obligations under CCF share options:
At 1 January 2002 ..................................................................... 480 480
–
On exercise of CCF share options............................................ (41) (41)
–
At 31 December 2002 .............................................................. 439 439
–
– Merger reserve:
At 1 January and 31 December 2002..................................... 8,290 –
–
Total other reserves....................................................................... 8,729 439
–
Revaluation reserves:
– Investment property revaluation reserve:
At 1 January 2002 ..................................................................... 269 – 46
Unrealised deficit on revaluation of land and buildings............ (23) – (1)
Transfer of depreciation from profit and loss account............... 7–
–
Realisation on disposal of properties......................................... (4) ––
Exchange and other movements................................................ (2) – (1)
At 31 December 2002 .............................................................. 247 – 44
– Revaluation reserve:
At 1 January 2002 ..................................................................... 2,002 32,581 6
Realisation on disposal of properties......................................... (29) (4)
–
Unrealised deficit on revaluation of properties ......................... (297) –
–
Transfer of depreciation from profit and loss account reserve (37) –
–
Net increase in attributable net assets of subsidiary
undertakings (Note 26 (a))..................................................... –4,535
–
Exchange and other movements................................................ 68 (102)
–
At 31 December 2002 .............................................................. 1,707 37,010 6
Total revaluation reserves ............................................................. 1,954 37,010 50