HSBC 2005 Annual Report Download - page 346
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HSBC HOLDINGS PLC
Notes on the Financial Statements
(continued)
344
Consolidated income statement for the year ended 31 December 2004 (continued)
UK GAAP
Retirement
benefits
Goodwill
amortisation
under UK
GAAP
Other
goodwill
adjustments
Software
capitalisation
Share-
based
payments Leases Insurance
Consolid-
ation Property Other
IFRSs
(except
IAS 32/39
and IFRS 4)
US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m
Operating profit .................... 16,514 (170) 1,814 (96) 25 (152) (90) (10) 37 87 (88) 17,871
Share of profit in associates
and joint ventures ................ 292–42– ––––18(48)268
Gains on disposal of fixed
assets and investments ......... 802 – – (8) – – – 11 – 1 (2) 804
Profit on ordinary activities
before tax ........................... 17,608 (170) 1,818 (102) 25 (152) (90) 1 37 106 (138) 18,943
Tax on profit on ordinary
activities .............................. (4,507) 39 – 57 (21) (12) 27 (1) (6) (11) (250) (4,685)
Profit on ordinary activities
after tax .............................. 13,101 (131) 1,818 (45) 4 (164) (63) – 31 95 (388) 14,258
Minority interests .................... (1,261) (3) – – – – – – (19) (35) (22) (1,340)
Profit attributable to
shareholders ....................... 11,840 (134) 1,818 (45) 4 (164) (63) – 12 60 (410) 12,918