HSBC 2002 Annual Report Download - page 194

HSBC HOLDINGS PLC
Financial Statements (continued)
192
HSBC Holdings balance sheet at 31 December 2002
Notes 2002 2001*
FIXED ASSETS US$m US$m
Tangible assets............................................................................................ 25 27
Investments 26
– shares in HSBC undertakings.................................................................. 57,637 49,762
– loans to HSBC undertakings ................................................................... 4,163 4,172
– other investments other than loans .......................................................... 484 441
– own shares............................................................................................... 514 555
62,800 54,937
CURRENT ASSETS
Debtors
– money market deposits with HSBC undertakings ................................... 5,708 2,685
– other amounts owed by HSBC undertakings........................................... 1,634 1,794
– amounts owed by HSBC undertakings (falling due after more than
1 year)...................................................................................................... 1,012 301
– other debtors............................................................................................ 28 8
8,382 4,788
Cash at bank and in hand
– balances with HSBC undertakings .......................................................... 870 728
9,252 5,516
CREDITORS: amounts falling due within 1 year
Amounts owed to HSBC undertakings ....................................................... (1,370) (973)
Subordinated liabilities 33
– owed to third parties................................................................................ –(599)
– owed to HSBC undertakings ................................................................... (350)
–
Other creditors ............................................................................................ (196) (184)
Proposed dividend ...................................................................................... 10 (3,069) (2,700)
(4,985) (4,456)
NET CURRENT ASSETS........................................................................ 4,267 1,060
TOTAL ASSETS LESS CURRENT LIABILITIES.............................. 67,067 55,997
CREDITORS: amounts falling due after more than 1 year
Subordinated liabilities 33
– owed to third parties................................................................................ (5,790) (2,221)
– owed to HSBC undertakings ................................................................... (3,686) (3,856)
Amounts owed to HSBC undertakings ....................................................... (5,092) (3,434)
PROVISIONS FOR LIABILITIES AND CHARGES...........................
Deferred taxation ........................................................................................ 32 (93 ) (98)
NET ASSETS ............................................................................................ 52,406 46,388
CAPITAL AND RESERVES
Called up share capital................................................................................ 35 4,741 4,678
Share premium account............................................................................... 36 3,647 3,373
Revaluation reserve..................................................................................... 36 37,010 32,581
Reserve in respect of obligations under CCF share options........................ 36 439 480
Profit and loss account................................................................................ 36 6,569 5,276
52,406 46,388
Sir John Bond, Group Chairman.
The accompanying notes are an integral part of the Financial Statements.
* Figures for 2001 have been restated to reflect the adoption of UK Financial Reporting Standard 19 ‘Deferred Tax’, details of which
are set out in Note 1 on the Financial Statements on pages 195 to 197.