HSBC 2010 Annual Report Download - page 248

HSBC HOLDINGS PLC
Financial Statements (continued)
HSBC Holdings statement of cash flows / HSBC Holdings statement of changes in equity
246
HSBC Holdings statement of cash flows for the year ended 31 December 2010
2010 2009
Notes US$m US$m
Cash flows from operating activities
Profit/(loss) before tax ................................................................................................................... 5,237 (2,058)
Adjustments for:
– non-cash items included in profit before tax ......................................................................... 40 185 5,974
– change in operating assets ...................................................................................................... 40 3,091 (11,077)
– change in operating liabilities ................................................................................................ 40 (1,754) 2,040
– elimination of exchange differences1 ..................................................................................... – 1
– tax received ............................................................................................................................ 853 266
Net cash generated from/(used in) operating activities ................................................................. 7,612 (4,854)
Cash flows from investing activities
Proceeds from sale of financial investments ................................................................................. – 275
Purchase of property, plant and equipment ................................................................................... – (2)
Net cash outflow from acquisition of or increase in stake of subsidiaries ................................... (6,649) (10,344)
Net cash used in investing activities ............................................................................................. (6,649) (10,071)
Cash flows from financing activities
Issue of ordinary share capital ....................................................................................................... 180 18,333
– rights issue .............................................................................................................................. – 18,261
– other ........................................................................................................................................ 180 72
Issue of other equity instruments .................................................................................................. 3,695 –
On exercise of share options ......................................................................................................... 2 12
Subordinated loan capital issued ................................................................................................... 1,349 2,456
Subordinated loan capital repaid ................................................................................................... (2,100) (4,380)
Debt securities issued .................................................................................................................... – 2,818
Dividends paid ............................................................................................................................... (3,441) (4,264)
Dividends paid to holders of other equity instruments ................................................................. (413) (269)
Net cash (used in)/generated from financing activities ................................................................. (728) 14,706
Net increase/(decrease) in cash and cash equivalents .............................................................. 235 (219)
Cash and cash equivalents at 1 January ........................................................................................ 224 443
Cash and cash equivalents at 31 December .................................................................................. 40 459 224
For footnote, see page 249.
The accompanying notes on pages 250 to 370, ‘Critical accounting policies’ on pages 33 to 36, the audited sections of ‘Risk’ on pages 86
to 176 and the audited sections of ‘Capital’ on pages 177 to 182 form an integral part of these financial statements.