HSBC 2011 Annual Report Download - page 359

357
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
17 Fair values of financial instruments not carried at fair value
The classification of financial instruments is determined in accordance with the accounting policies set out in Note 2.
Fair values of financial instruments which are not carried at fair value on the balance sheet
At 31 December 2011 At 31 December 2010
Carrying
amount
Fair
value
Carrying
amount
Fair
value
US$m US$m US$m US$m
Assets
Loans and advances to banks ................................................................... 180,987 181,302 208,271 208,311
Loans and advances to customers ............................................................ 940,429 914,485 958,366 934,444
Financial investments: debt securities ...................................................... 21,018 22,500 19,386 20,374
Financial investments: treasury and other eligible bills ........................... 181 181 113 113
Liabilities
Deposits by banks ..................................................................................... 112,822 112,848 110,584 110,563
Customer accounts .................................................................................... 1,253,925 1,254,313 1,227,725 1,227,428
Debt securities in issue ............................................................................. 131,013 130,914 145,401 145,417
Subordinated liabilities ............................................................................. 30,606 29,351 33,387 33,161
Fair values of financial instruments held for sale which are not carried at fair value on the balance sheet
At 31 December 2011 At 31 December 2010
Carrying
amount
Fair
value
Carrying
amount
Fair
value
US$m US$m US$m US$m
Assets classified as held for sale1
Loans and advances to banks and customers ....................................... 35,720 37,832 116 116
Liabilities of disposal groups held for sale
Deposits by banks ................................................................................. 206 206 – –
Customer accounts ............................................................................... 20,138 19,130 – –
1 Including financial instruments within disposal groups held for sale.
The following is a list of financial instruments whose carrying amount is a reasonable approximation of fair value
because, for example, they are short-term in nature or reprice to current market rates frequently:
Assets
Cash and balances at central banks
Items in the course of collection from other banks
Hong Kong Government certificates of indebtedness
Endorsements and acceptances
Short-term receivables within ‘Other assets’
Accrued income
Liabilities
Hong Kong currency notes in circulation
Items in the course of transmission to other banks
Investment contracts with discretionary participation features within ‘Liabilities under insurance contracts’
Endorsements and acceptances
Short-term payables within ‘Other liabilities’
Accruals