HSBC 2003 Annual Report Download - page 262

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
260
The following tables provide an analysis of gross unrealised gains and losses on treasury bills and other eligible
bills:
Carrying
value
Gross
unrealised
gains
Gross
unrealised
losses
Market
valuation
US$m US$m US$m US$m
At 31 December 2003
US Treasury and Government agencies ................................. 4,624 2 – 4,626
UK Government ..................................................................... 955 – – 955
Hong Kong Government ........................................................ 2,450 2 – 2,452
Other governments ................................................................. 6,891 10 (5) 6,896
Corporate debt and other securities ........................................ 879 – – 879
15,799 14 (5) 15,808
At 31 December 2002
US Treasury and Government agencies ................................. 2,888 3 – 2,891
UK Government ..................................................................... 740 – – 740
Hong Kong Government ........................................................ 2,898 2 – 2,900
Other governments ................................................................. 5,344 8 (1) 5,351
Corporate debt and other securities ........................................ 1,032 – – 1,032
12,902 13 (1) 12,914
31 December 2001
US Treasury and Government agencies ................................. 2,303 1 – 2,304
UK Government ..................................................................... 3,013 6 – 3,019
Hong Kong Government ........................................................ 2,181 2 – 2,183
Other governments ................................................................. 4,907 7 (3) 4,911
Corporate debt and other securities ........................................ 498 – – 498
12,902 16 (3) 12,915
The amounts shown under ‘other governments’ in the above table includes securities with a book and market value
of US$711 million (2002: US$1,122 million) issued by the Government of Japan.
The maturities of available-for-sale treasury bills and other eligible bills at 31 December 2003 are analysed as
follows:
Carrying
value
Market
valuation
US$m US$m
1 year or less ........................................................................................................................................ 15,078 15,103
5 years or less but over 1 year .............................................................................................................. 676 658
10 years or less but over 5 years ........................................................................................................... 45 47
15,799 15,808
The following table provides an analysis of contractual maturities and weighted average yields of available-for-sale
treasury bills and other eligible bills as at 31 December 2003.
Within
one year
After one year
but within
five years
After five years
but within
ten years
Amount Yield Amount Yield Amount Yield
US$m % US$m % US$m %
US Treasury and Government agencies ........................................... 4,613 0.9 11 5.4 – –
UK Government ............................................................................... 649 2.4 306 4.9 – –
Hong Kong Government .................................................................. 2,450 0.3 – – – –
Other governments ........................................................................... 6,507 2.9 339 6.6 45 5.0
Corporate debt and other securities .................................................. 859 1.6 20 2.7 – –
15,078 676 45