HSBC 2007 Annual Report Download - page 343

341
HSBC Holdings balance sheet at 31 December 2007
2006
2007 (restated)
Notes US$m US$m
ASSETS
Cash at bank and in hand:
– balances with HSBC undertakings ................................................................................. 360 729
Derivatives .............................................................................................................................. 18 2,660 1,599
Loans and advances to HSBC undertakings .......................................................................... 33 17,242 14,456
Financial investments ............................................................................................................. 3,022 3,614
Investments in subsidiaries1 ................................................................................................... 24 69,411 63,265
Property, plant and equipment ................................................................................................ 1 1
Other assets ............................................................................................................................. 21 25
Current tax assets .................................................................................................................... – 31
Deferred tax asset ................................................................................................................... 11 7 35
Prepayments and accrued income .......................................................................................... 224 41
Total assets ............................................................................................................................. 92,948 83,796
LIABILITIES AND EQUITY
Liabilities
Amounts owed to HSBC undertakings .................................................................................. 33 2,969 3,100
Financial liabilities designated at fair value ........................................................................... 27 18,683 14,070
Derivatives .............................................................................................................................. 18 44 177
Other liabilities ....................................................................................................................... 29 1,405 1,517
Current tax liabilities .............................................................................................................. 322 –
Accruals and deferred income ................................................................................................ 150 111
Subordinated liabilities ........................................................................................................... 32 8,544 8,423
Total liabilities ........................................................................................................................ 32,117 27,398
Equity
Called up share capital ............................................................................................................ 38 5,915 5,786
Share premium account .......................................................................................................... 8,134 7,789
Merger reserve and other reserves ......................................................................................... 28,942 28,942
Other reserves ......................................................................................................................... 3,631 3,293
Retained earnings ................................................................................................................... 14,209 10,588
Total equity ............................................................................................................................. 60,831 56,398
Total equity and liabilities ...................................................................................................... 92,948 83,796
1 On 1 January 2007, HSBC Holdings adopted IFRIC 11. Comparative information has been restated accordingly. See Note 1a.
The accompanying notes on pages 344 to 452, the audited sections of the ‘Report of the Directors: The Management of Risk’ on pages
192 to 288, ‘Critical accounting policies’ on pages 132 to 134 and ‘Off-balance sheet arrangements and special purpose entities’ on pages
183 to 191 form an integral part of these financial statements.
S K Green, Group Chairman