HSBC 2001 Annual Report Download - page 193

191
20 Equity shares
2001 2000
Book value
M
arke
t
valuation Book value
M
arke
t
valuation
Investment securities
– listed on a recognised UK exchange.............. 695 688 722 1,005
– listed in Hong Kong ...................................... 245 564 270 742
– listed elsewhere ............................................. 1,389 1,436 1,247 1,382
– unlisted .......................................................... 2,426 2,606 2,399 2,644
4,755 5,294 4,638 5,773
Other securities
– listed on a recognised UK exchange.............. 713 1,071
– listed in Hong Kong ...................................... 74 228
– listed elsewhere ............................................. 2,405 1,953
– unlisted .......................................................... 110 214
8,057 8,104
Where securities are carried at market value, and the market value is higher than cost, the difference between cost
and market value is not disclosed as it cannot be determined without unreasonable expense.
Included within ‘Investment securities – listed on a recognised UK exchange’ are US$555 million (2000: US$564
million) shares in HSBC Holdings as explained in note 26(a).
Included in the above are 1,369,901 (2000: 5,871,062) shares in HSBC Holdings held by subsidiary undertakings as
equity market-makers.
Investment securities:
Cos
t
Provisions Book value
US$m US$m US$m
At 1 January 2001.......................................................................... 4,787 (149) 4,638
Additions ....................................................................................... 1,670
–
1,670
Acquisition of subsidiaries............................................................. 12
–
12
Disposals........................................................................................ (1,578) 47 (1,531)
Provisions made.............................................................................
–
(58) (58)
Provisions written off..................................................................... (3) 3
–
Exchange and other movements..................................................... 71 (47) 24
At 31 December 2001................................................................... 4,959 (204) 4,755
The following table provides an analysis of gross unrealised gains and losses as at 31 December for the past two
years:
Carryin
g
value
Gross
unrealise
d
gains
Gross
unrealise
d
losses
M
arke
t
Valuation
US$m US$m US$m US$m
31 December 2001 ........................................... 4,755 669 (130) 5,294
31 December 2000 ........................................... 4,638 1,183 (48) 5,773