HSBC 2011 Annual Report Download - page 181

179
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Neither past due nor impaired
Strong Good Satisfactory Sub-standard Total
US$m US$m US$m US$m US$m
At 31 December 2010
Supporting liabilities under non-linked
insurance and investment contracts
Trading assets – debt securities ................................................... 9 – 2 – 11
Financial assets designated at fair value ..................................... 3,126 88 330 36 3,580
– treasury and other eligible bills ............................................ 118 – 1 – 119
– debt securities ....................................................................... 3,008 88 329 36 3,461
Financial investments .................................................................. 32,164 1,948 250 158 34,520
– treasury and other similar bills ............................................. – – 10 – 10
– other eligible bills ................................................................. 176 – – – 176
– debt securities ....................................................................... 31,988 1,948 240 158 34,334
35,299 2,036 582 194 38,111
Supporting shareholders’ funds79
Financial assets designated at fair value ..................................... 492 286 75 4 857
– treasury and other eligible bills ............................................ 10 – – – 10
– debt securities ....................................................................... 482 286 75 4 847
Financial investments .................................................................. 3,443 740 101 82 4,366
– treasury and other similar bills ............................................. – – 31 – 31
– other eligible bills ................................................................. 217 – – – 217
– debt securities ....................................................................... 3,226 740 70 82 4,118
3,935 1,026 176 86 5,223
Total73
Trading assets – debt securities ................................................... 9 – 2 – 11
Financial assets designated at fair value ..................................... 3,618 374 405 40 4,437
– treasury and other eligible bills ............................................ 128 – 1 – 129
– debt securities ....................................................................... 3,490 374 404 40 4,308
Financial investments .................................................................. 35,607 2,688 351 240 38,886
– treasury and other similar bills ............................................. – – 41 – 41
– other eligible bills ................................................................. 393 – – – 393
– debt securities ....................................................................... 35,214 2,688 310 240 38,452
39,234 3,062 758 280 43,334
For footnotes, see page 185.
Credit risk also arises when part of the insurance
risk we incur is assumed by reinsurers. The split of
liabilities ceded to reinsurers and outstanding
reinsurance recoveries, analysed by credit quality,
is shown below. Our exposure to third parties
under the reinsurance agreements described in the
Appendix to Risk on page 188 is included in this
table.
Reinsurers’ share of liabilities under insurance contracts
(Audited)
Neither past due nor impaired Past due
Strong Good
Satisfactory
Sub-
standard
but not
impaired
Total
US$m US$m US$m US$m US$m US$m
At 31 December 2011
Linked insurance contracts ................................. 45 858 – – – 903
Non-linked insurance contracts .......................... 782 10 104 3 – 899
Total73 ................................................................. 827 868 104 3 – 1,802
Reinsurance debtors ............................................ 18 2 9 1 12 42