HSBC 2012 Annual Report Download - page 51

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Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
In implementing our strategy, we have agreed
to sell a number of businesses across the Group.
Assets and liabilities of businesses which, it is highly
probable, will be sold are reported as held for sale on
the balance sheet until the sale is closed. We include
loans and advances to customers and customer
account balances reported as held for sale in our
combined view of customer lending and customer
accounts. We consider the combined view more
accurately reflects the size of our lending and deposit
books and growth thereof.
Combined view of customer lending and customer deposits
2012 2011 Change
US$m US$m %
Loans and advances to customers .............................................................................. 997,623 940,429 6
Loans and advances to customers reported in assets held for sale60 .......................... 6,124 35,105 (83)
Card and Retail Services ........................................................................................ –29,137 (100)
US branches ............................................................................................................ –2,441 (100)
Other ....................................................................................................................... 6,124 3,527 74
Combined customer lending ....................................................................................... 1,003,747 975,534 3
Customer accounts ...................................................................................................... 1,340,014 1,253,925 7
Customer accounts reported in assets held for sale62 ................................................. 2,990 20,138 (85)
US branches ............................................................................................................ –15,144 (100)
Other ....................................................................................................................... 2,990 4,994 (40)
Combined customer deposits ...................................................................................... 1,343,004 1,274,063 5
For footnote, see page 120.
Financial investments
At 31 December 2012
Equity
securities
Debt
securities Total
US$bn US$bn US$bn
Balance Sheet Management ....................................................................................... – 293.4 293.4
Insurance entities ........................................................................................................ – 43.4 43.4
Special purpose entities .............................................................................................. – 24.7 24.7
Principal investments .................................................................................................. 2.9 − 2.9
Other ........................................................................................................................... 2.9 53.8 56.7
5.8 415.3 421.1
The table above analyses the Group’s holdings
of financial investments by business activity. Further
information can be found in the following sections:
• ‘Balance Sheet Management’ (page 223) for a
description of the activities and an analysis of
third party assets in balance sheet management.
• ‘Risk management of insurance operations’
(page 232) includes a discussion and further
analysis of the use of financial investments
within our insurance operations.
• ‘Special purpose entities’ (page 502) for further
information about the nature of securities
investment conduits in which the above
financial investments are held.
• ‘Equity securities classified as available for
sale’ (page 222) includes private equity holdings
and other strategic investments.
• ‘Other’ represents financial investments held in
certain locally managed treasury portfolios and
other GB&M portfolios held for specific
business activities.