HSBC 2006 Annual Report Download - page 300

HSBC HOLDINGS PLC
Financial Statements (continued)
298
HSBC Holdings balance sheet at 31 December 2006
2006 2005
Notes US$m US$m
ASSETS
Cash at bank and in hand:
– balances with HSBC undertakings ................................................................................. 729 756
Derivatives .............................................................................................................................. 17 1,599 968
Loans and advances to HSBC undertakings .......................................................................... 33 14,456 14,092
Financial investments ............................................................................................................. 3,614 3,517
Investments in subsidiaries ..................................................................................................... 24 62,356 58,038
Property, plant and equipment ................................................................................................ 1 1
Other assets ............................................................................................................................. 91 171
Prepayments and accrued income .......................................................................................... 41 19
Total assets ............................................................................................................................. 82,887 77,562
LIABILITIES AND EQUITY
Liabilities
Amounts owed to HSBC undertakings .................................................................................. 33 3,100 4,075
Financial liabilities designated at fair value ........................................................................... 27 14,070 13,370
Derivatives .............................................................................................................................. 17 177 286
Other liabilities ....................................................................................................................... 29 1,517 1,203
Accruals and deferred income ................................................................................................ 111 95
Deferred tax ............................................................................................................................ 31 – 70
Subordinated liabilities ........................................................................................................... 32 8,423 5,236
Total liabilities ........................................................................................................................ 27,398 24,335
Equity
Called up share capital ............................................................................................................ 38 5,786 5,667
Share premium account .......................................................................................................... 7,789 6,896
Merger reserve and other reserves ......................................................................................... 28,942 28,942
Other reserves ......................................................................................................................... 2,384 2,221
Retained earnings ................................................................................................................... 10,588 9,501
Total equity ............................................................................................................................. 55,489 53,227
Total equity and liabilities ...................................................................................................... 82,887 77,562
The accompanying notes on pages 301 to 434, the audited sections of the ‘Report of the Directors: The Management of Risk’ on pages 165
to 247, and the ‘Critical accounting policies’ on pages 111 to 115 form an integral part of these financial statements.
S K Green, Group Chairman