HSBC 2012 Annual Report Download - page 239

237
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Balance sheet of insurance manufacturing subsidiaries by geographical region56
(Audited)
Europe
Hong
Kong
Rest of
Asia-
Pacific
North
America57
Latin
America
Total
US$m US$m US$m US$m US$m US$m
At 31 December 2012
Financial assets ................................................... 37,325 35,632 2,594 – 9,254 84,805
– trading assets ............................................... –––– 4 4
– financial assets designated at fair value ...... 17,590 7,356 1,370 – 6,702 33,018
– derivatives ................................................... 203 126 6– – 335
– financial investments ................................... 17,139 23,275 994 – 1,998 43,406
– other financial assets ................................... 2,393 4,875 224 – 550 8,042
Reinsurance assets .............................................. 809 715 8 – 35 1,567
PVIF63 ................................................................. 1,140 2,846 304 – 557 4,847
Other assets and investment properties .............. 849 983 230 1,573 201 3,836
Total assets ......................................................... 40,123 40,176 3,136 1,573 10,047 95,055
Liabilities under investment contracts:
– designated at fair value ................................ 7,783 4,673 – – – 12,456
– carried at amortised cost .............................. – – – – 455 455
Liabilities under insurance contracts .................. 28,954 29,402 2,200 – 7,639 68,195
Deferred tax ........................................................ 403 532 88 – 177 1,200
Other liabilities ................................................... 782 347 267 1,037 327 2,760
Total liabilities .................................................... 37,922 34,954 2,555 1,037 8,598 85,066
Total equity ......................................................... 2,201 5,222 581 536 1,449 9,989
Total equity and liabilities64 ............................... 40,123 40,176 3,136 1,573 10,047 95,055
At 31 December 2011
Financial assets ................................................... 34,163 30,126 2,093 2,414 9,574 78,370
– trading assets ............................................... – – – – 27 27
– financial assets designated at fair value ...... 15,583 5,875 1,155 – 6,257 28,870
– derivatives ................................................... 244 114 – – – 358
– financial investments ................................... 15,531 19,858 617 1,846 2,434 40,286
– other financial assets ................................... 2,805 4,279 321 568 856 8,829
Reinsurance assets .............................................. 746 912 39 19 128 1,844
PVIF63 ................................................................. 1,097 2,322 282 65 326 4,092
Other assets and investment properties .............. 909 946 31 24 410 2,320
Total assets ......................................................... 36,915 34,306 2,445 2,522 10,438 86,626
Liabilities under investment contracts:
– designated at fair value ................................ 6,961 4,405 33 – – 11,399
– carried at amortised cost .............................. – – – – 435 435
Liabilities under insurance contracts .................. 25,795 25,160 1,802 1,079 7,423 61,259
Deferred tax ........................................................ 352 408 60 28 126 974
Other liabilities ................................................... 1,200 269 69 13 379 1,930
Total liabilities .................................................... 34,308 30,242 1,964 1,120 8,363 75,997
Total equity ......................................................... 2,607 4,064 481 1,402 2,075 10,629
Total equity and liabilities64 ............................... 36,915 34,306 2,445 2,522 10,438 86,626
For footnotes, see page 249.