HSBC 2002 Annual Report Download - page 274
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HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
272
2001
Currency of structural exposure
Net investments
in overseas
operations
Currenc
y
hedges other
than
borrowings
Borrowings taken out in the
functional currencies of the
overseas operations in order to
hedge the net investments in
such operations
R
emaining
s
tructura
l
currency
exposures
US$m US$m US$m US$m
Euros ..................................................... 13,944
–
–
13,944
Hong Kong dollars ................................ 9,407
–
(3) 9,404
Sterling .................................................. 8,303 (120)
–
8,183
Swiss francs........................................... 1,241
–
(559) 682
Canadian dollars.................................... 959
–
–
959
Brazilian reais........................................ 454 (301)
–
153
UAE dirham .......................................... 440
–
–
440
Singapore dollars................................... 410 (97)
–
313
Malaysian ringgit................................... 403
–
–
403
Saudi riyals............................................ 395
–
–
395
Turkish lira............................................ 395
–
–
395
Indian rupees ......................................... 286
–
–
286
Australian dollars .................................. 272
–
(52) 220
Korean won ........................................... 231
–
–
231
Chilean pesos ........................................ 170
–
–
170
Taiwanese dollars.................................. 169
–
–
169
Thai baht ............................................... 162
–
–
162
Maltese lira............................................ 155
–
–
155
Cyprus pounds....................................... 108
–
–
108
Philippine pesos..................................... 103
–
–
103
Argentine pesos* ................................... (140)
–
–
(140)
Others, less than US$100 million.......... 559 (64)
–
495
Total ...................................................... 38,426 (582) (614) 37,230
* The negative net investment in Argentine pesos reflects the deficiency in domestic net assets following the pesification of
certain balances formerly denominated in US dollars.