HSBC 2013 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2013 HSBC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 127

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127

62
Consolidated statement of changes in equity
For the year ended 31 December (in millions of dollars)
Other reserves
Note
Share
capital
$m
1
Retained
earnings
$m
Available-
for-sale
fair value
reserve
$m
Cash flow
hedging
reserve
$m
Total other
reserves
$m
Total
share holders’
equity
$m
Non-
controlling
interests
$m
Total
equity
$m
At 1 January 2013 ............................................. 1(e) 2,171 2,694 121 160 281 5,146 230 5,376
Prot for the period ........................................... – 677 – – – 677 10 687
Other comprehensive income/(loss), net of tax – 16 (86) (61) (147) (131) – (131)
Available-for-sale investments .......................... – – (86) – (86) (86) – (86)
Cash ow hedges .............................................. – – – (61) (61) (61) – (61)
Remeasurement of dened liability/asset ......... – 16 – – – 16 – 16
Total comprehensive income for the period....... – 693 (86) (61) (147) 546 10 556
Dividends paid on common shares ................... – (360) – – – (360) – (360)
Dividends paid preferred shares ........................ – (61) – – – (61) – (61)
Distributions to unit holders ............................... – – – – – – (10) (10)
Purchase of preferred shares ............................... 26 (346) (43) – – – (389) (30) (419)
Other movements .............................................. – 3 – – – 3 – 3
At 31 December 2013 ....................................... 1,825 2,926 35 99 134 4,885 200 5,085
Other reserves
Share
capital
$m
1 Retained
earnings
$m
Available-
for-sale
fair value
reserve
$m
Cash flow
hedging
reserve
$m
Total other
reserves
$m
Total
shareholders’
equity
$m
Non-
controlling
interests
$m
Total
equity
$m
At 1 January 2012 ............................................. 1(e) 2,171 2,379 138 301 439 4,989 230 5,219
Prot for the period ........................................... – 744 – – – 744 10 754
Other comprehensive income (net of tax) ......... – (34) (17) (141) (158) (192) – (192)
Available-for-sale investments ........................... – – (17) – (17) (17) – (17)
Cash ow hedges .............................................. – – – (141) (141) (141) – (141)
Remeasurement of dened liability/asset ......... – (34) – – – (34) – (34)
Total comprehensive income for the period ....... – 710 (17) (141) (158) 552 10 562
Dividends paid on common shares ................... – (330) – – – (330) – (330)
Dividends paid on preferred shares ................... – (61) – – – (61) – (61)
Distributions to unit holders ............................... – – – – – – (10) (10)
Other movements .............................................. – (4) – – – (4) – (4)
At 31 December 2012 ....................................... 2,171 2,694 121 160 281 5,146 230 5,376
1 Share capital is comprised of common shares $1,225m and preference shares $600m (2012: $946m).
The accompanying notes and the audited sections of ‘Risk Management’ and ‘Capital’ within Management’s Discussion and Analysis form an integral part of these consolidated financial statements.