HSBC 2004 Annual Report Download - page 333

331
Year ended 31 December
Note 2004 2003 2002
US$ US$ US$
Per share amounts (US GAAP)
Basic earnings per ordinary share .................................................... o1.15 0.69 0.52
Diluted earnings per ordinary share ................................................. o1.13 0.69 0.52
Note 2004 2003
US$m US$m
Shareholders’ equity
Shareholders’ funds (UK GAAP) ....................................................................................... 86,623 74,473
Lease financing .................................................................................................................. (718) (575)
Shareholders’ interest in long-term assurance fund ............................................................ a(1,600) (1,532)
Pension costs ...................................................................................................................... b(4,776) (3,122)
Goodwill ............................................................................................................................ d2,706 1,072
Internal software costs ....................................................................................................... f760 718
Revaluation of property ..................................................................................................... (3,040) (1,949)
Purchase accounting adjustments ....................................................................................... g1,142 1,352
Intangibles ......................................................................................................................... 3,218 3,028
Derivatives ......................................................................................................................... h356 702
Fair value adjustment for securities available-for-sale ....................................................... j1,969 2,046
Own shares held ................................................................................................................. 147 140
Dividend payable ...............................................................................................................2,996 2,627
Loan origination ................................................................................................................. 317 217
Securitisations .................................................................................................................... r(358) 739
Restructuring provisions .................................................................................................... (19) 96
Taxation : US GAAP ......................................................................................................... l(72) 173
on reconciling items .........................................................................................367 (144)
295 29
Minority interest in reconciling items ................................................................................ 64 190
Shareholders’ equity (US GAAP) ...................................................................................... 90,082 80,251
Note 2004 2003 2002
US$m US$m US$m
Movement in shareholders’ equity (US GAAP)
Balance brought forward .................................................................. 80,251 55,831 48,444
Net income ....................................................................................... 12,506 7,231 4,900
Dividends ......................................................................................... (6,932) (6,974) (4,632)
Stock based compensation ............................................................... c234 190 240
Shares issued in lieu of dividends .................................................... 2,607 1,423 1,023
Equity issued on acquisition of HSBC Finance Corporation
under US GAAP .......................................................................... –14,366 –
New share capital subscribed net of costs ........................................ 581 862 337
Other, including movements in own shares held............................... (148) (79) 17
Net change in net unrealised gains/(losses) on securities
available-for-sale, net of tax effect ............................................... (837) 1,676 2,253
Net change in net unrealised gains on derivatives classified as
cash flow hedges, net of tax effect ............................................... (349) 367 86
Minimum pension liability adjustment, net of tax effect .................. b(195) (1,127) (824)
Exchange and other movements ....................................................... 2,364 6,485 3,987
Total Other Comprehensive Income ................................................. 983 7,401 5,502
Balance carried forward .................................................................. 90,082 80,251 55,831