HSBC 2001 Annual Report Download - page 198

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HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
196
25 Tangible fixed assets
(a) HSBC
Freehold
land and
buildings
Long
leasehold
land and
buildings*
Short
leasehold
land and
buildings
Equipment,
fixtures and
fittings
Equipment
on
operating
leases Total
US$m US$m US$m US$m US$m US$m
Cost or valuation at 1 January 2001 ........... 3,108 3,692 3,172 4,516 3,555 18,043
Additions .................................................... 237 65 77 984 510 1,873
Acquisition of subsidiaries ......................... 82
–
179
–
162
Disposals ....................................................
(
169)
(
51)
(
57)
(
299)
(
462)
(
1,038)
Reclassification...........................................
–
(
128)128
–
–
–
Transfer of accumulated depreciation
arising on revaluation .............................
(
65)
(
46)
(
65)
–
–
(
176)
Impairment of land and buildings...............
(
14)
–
–
–
–
(
14)
Surplus/(deficit) on revaluation .................. 27
(
258)
(
40)
–
–
(
271)
Exchange and other movements .................
(
176)
(
29)
(
135)308
(
115)
(
147)
Cost or valuation at 31 December 2001 .. 3,030 3,245 3,081 5,588 3,488 18,432
Accumulated depreciation at 1 January
2001........................................................
(
43)
–
(
506)
(
2,639)
(
834)
(
4,022)
Disposals .................................................... 3
–
45 236 217 501
Reclassification........................................... –15
(
15)
–
–
–
Transfer of accumulated depreciation
arising on revaluation ............................. 65 46 65
–
–
176
Charge to the profit and loss account..........
(
51)
(
51)
(
121)
(
668)
(
229)
(
1,120)
Exchange and other movements .................
(
42)
(
15)15
(
428)24
(
446)
Accumulated depreciation at 31
December 2001......................................
(
68)
(
5)
(
517)
(
3,499)
(
822)
(
4,911)
Net book value at 31 December 2001 ...... 2,962 3,240 2,564 2,089 2,666 13,521
Net book value at 31 December 2000......... 3,065 3,692 2,666 1,877 2,721 14,021
*Included in the cost and net book value of long leasehold land and buildings is a payment on account in respect of a long
leasehold interest of US$773 million (2000: US$742 million).
(b) HSBC Holdings
F
reehold lan
d
an
d
buildings
Equipment,
fixtures an
d
fittings Tota
l
US$m US$m US$m
Cost or valuation at 1 January 2001........................................ 7411
Additions ................................................................................
–
11
Disposals.................................................................................
–
(1) (1)
Deficit on revaluation ............................................................. (3)
–
(3)
Cost or valuation at 31 December 2001 .............................. 448
Accumulated depreciation at 1 January 2001 .........................
–
(1) (1)
Disposals.................................................................................
–
11
Charge to the profit and loss account......................................
–
(1) (1)
Accumulated depreciation at 31 December 2001 ...............
–
(1) (1)
Net book value at 31 December 2001 .................................. 437
Net book value at 31 December 2000..................................... 7 3 10