HSBC 2010 Annual Report Download - page 239

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HSBC HOLDINGS PLC
Financial Statements
Contents
237
Overview Operating & Financial Review Governance Financial Statements Shareholder Information
Financial statements
Page
Financial Statements
Consolidated income statement ............................... 238
Consolidated statement of comprehensive income .. 239
Consolidated balance sheet ..................................... 240
Consolidated statement of cash flows ....................... 241
Consolidated statement of changes in equity ........... 242
HSBC Holdings balance sheet ................................. 245
HSBC Holdings statement of cash flows................... 246
HSBC Holdings statement of changes in equity ...... 247
Notes on the Financial Statements
1 Basis of preparation ............................................. 250
2 Summary of significant accounting policies ........ 253
3 Net income/(expense) from financial
instruments designated at fair value ............... 271
4 Net earned insurance premiums .......................... 272
5 Net insurance claims incurred and movement
in liabilities to policyholders ........................... 272
6 Net operating income ........................................... 273
7 Employee compensation and benefits .................. 274
8 Auditors’ remuneration ........................................ 285
9 Share-based payments ......................................... 286
10 Tax expense .......................................................... 291
11 Dividends ............................................................. 295
12 Earnings per share ............................................... 296
13 Segmental analysis ............................................... 296
14 Analysis of financial assets and liabilities
by measurement basis ...................................... 303
15 Trading assets ...................................................... 307
16 Fair values of financial instruments
carried at fair value ......................................... 308
17 Fair values of financial instruments
not carried at fair value ................................... 318
18 Reclassification of financial assets ...................... 320
Page
19 Financial assets designated at fair value ............. 321
20 Derivatives ............................................................ 322
21 Financial investments ........................................... 326
22 Transfers of financial assets not qualifying
for derecognition .............................................. 329
23 Interests in associates and joint ventures ............. 330
24 Goodwill and intangible assets ............................ 332
25 Property, plant and equipment ............................. 336
26 Investments in subsidiaries ................................... 338
27 Other assets .......................................................... 340
28 Trading liabilities ................................................. 340
29 Financial liabilities designated at fair value ....... 341
30 Debt securities in issue ......................................... 341
31 Other liabilities ..................................................... 342
32 Liabilities under insurance contracts ................... 343
33 Provisions ............................................................. 346
34 Subordinated liabilities ........................................ 346
35 Maturity analysis of assets and liabilities ............ 350
36 Foreign exchange exposures ................................ 351
37 Assets charged as security for liabilities and
collateral accepted as security for assets ........ 352
38 Non-controlling interests ...................................... 352
39 Called up share capital and other equity
instruments ....................................................... 353
40 Notes on the statement of cash flows .................... 356
41 Contingent liabilities, contractual commitments
and guarantees ................................................. 358
42 Lease commitments ............................................... 359
43 Special purpose entities ........................................ 361
44 Legal proceedings, investigations and regulatory
matters .............................................................. 365
45 Related party transactions .................................... 368
46 Events after the balance sheet date ...................... 370