HSBC 2015 Annual Report Download - page 184

Report of the Directors: Risk (continued)
Risk management of insurance operations
HSBC HOLDINGS PLC
182
Balance sheet of insurance manufacturing subsidiaries by type of contract (continued)
Insurance contracts Investment contracts
With
DPF
Unit-
linked Annuities Other35
With
DPF36
Unit-
linked Other
Other
assets
and
liabilities37 Total
$m $m $m $m $m $m $m $m $m
Financial assets 29,040 11,278 1,517 6,253 24,238 2,561 4,322 5,732 84,941
–
trading assets
–
–
3
–
–
–
–
–
3
–
financial assets designated at fair
value 4,304 11,111 533 782 6,346 2,223 1,684 1,713 28,696
–
derivatives 12 1
–
1 101 1 10 73 199
–
financial investments
–
HTM38 18,784
–
542 1,019
–
–
1,444 2,494 24,283
–
financial investments
–
AFS38 2,368
–
344 4,148 15,677
–
363 1,318 24,218
–
other financial assets39 3,572 166 95 303 2,114 337 821 134 7,542
Reinsurance assets 190 262
–
617
–
–
–
2 1,071
PVIF40
–
–
–
–
–
–
–
5,307 5,307
Other assets and investment
properties 698 328 23 107 831 7 26 7,383 9,403
Total assets 29,928 11,868 1,540 6,977 25,069 2,568 4,348 18,424 100,722
Liabilities under investment contracts
–
–
–
–
–
2,542 4,155
–
6,697
–
designated at fair value
–
–
–
–
–
2,542 3,770
–
6,312
–
carried at amortised cost
–
–
–
–
–
–
385
–
385
Liabilities under insurance contracts 29,479 11,820 1,473 6,021 25,068
–
–
–
73,861
Deferred tax41 12
–
11 18
–
–
–
1,180 1,221
Other liabilities
–
–
–
–
–
–
–
8,577 8,577
Total liabilities 29,491 11,820 1,484 6,039 25,068 2,542 4,155 9,757 90,356
Total equity
–
–
–
–
–
–
–
10,366 10,366
Total liabilities and equity at
31 December 201442 29,491 11,820 1,484 6,039 25,068 2,542 4,155 20,123 100,722
For footnotes, see page 191.
Balance sheet of insurance manufacturing subsidiaries by geographical region43
(Audited)
Europe Asia
Latin
America Total
$m $m $m $m
Financial assets 26,897 51,087 1,599 79,583
–
trading assets
–
–
2 2
–
financial assets designated at fair value 9,987 12,668 632 23,287
–
derivatives 163 93
–
256
–
financial investments
–
HTM38
–
29,496 583 30,079
–
financial investments
–
AFS38 14,525 5,503 302 20,330
–
other financial assets39 2,222 3,327 80 5,629
Reinsurance assets 287 1,122 8 1,417
PVIF40 807 4,761 117 5,685
Other assets and investment properties 919 1,358 4,171 6,448
Total assets 28,910 58,328 5,895 93,133
Liabilities under investment contracts:
–
designated at fair value 1,376 4,651
–
6,027
–
carried at amortised cost
–
–
–
–
Liabilities under insurance contracts 24,699 43,975 1,264 69,938
Deferred tax41 274 767 40 1,081
Other liabilities 832 974 3,747 5,553
Total liabilities 27,181 50,367 5,051 82,599
Total equity 1,729 7,961 844 10,534
Total liabilities and equity at 31 December 201542 28,910 58,328 5,895 93,133