HSBC 2003 Annual Report Download - page 276

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
274
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
1
US$m US$m US$m US$m US$m US$m
Cost or valuation at 1 January 2003 ........... 3,115 3,199 2,771 6,480 4,183 19,748
Additions ................................................... 253 6 72 937 713 1,981
Acquisition of subsidiaries ......................... 133 16 115 277 50 591
Disposals ...................................................
(
237
)
(
19
)
(
70
)
(
388
)
(
311
)
(
1,025
)
Reclassification ..........................................
–
(
137
)
6131
–
–
Transfer of accumulated depreciation
arising on revaluation ............................
(
37
)
(
61
)
(
93
)
–
–
(
191
)
Surplus/(deficit) on revaluation ................. 23
(
309
)
(
66
)
–
–
(
352
)
Exchange and other movements ................. 397 94 95 775 460 1,821
Cost or valuation at 31 December 2003 .. 3,647 2,789 2,830 8,212 5,095 22,573
Accumulated depreciation at
1 January 2003 .......................................
(
76
)
(
3
)
(
475
)
(
4,094
)
(
919
)
(
5,567
)
Disposals ................................................... 3 1 64 341 233 642
Reclassification ..........................................
–
2
(
2
)
–
–
–
Transfer of accumulated depreciation
arising on revaluation ............................ 37 61 93
–
–
191
Charge to the profit and loss account .........
(
69
)
(
60
)
(
110
)
(
882
)
(
261
)
(
1,382
)
Exchange and other movements .................
(
10
)
(
9
)
(
82
)
(
508
)
(
100
)
(
709
)
Accumulated depreciation at
31 December 2003 ................................
(
115
)
(
8
)
(
512
)
(
5,143
)
(
1,047
)
(
6,825
)
Net book value at 31 December 2003 ...... 3,532 2,781 2,318 3,069 4,048 15,748
Net book value at 31 December 2002 ........ 3,039 3,196 2,296 2,386 3,264 14,181
1Included in the above are assets held on finance leases with a net book value of US$284 million (2002: US$256 million), on which
the depreciation charge for the year to 31 December 2003 was US$8 million (2002: US$8 million).
(b) HSBC Holdings
Equipment,
fixtures and
fittings
US$m
Cost or valuation at 1 January 2003 ..................................................................................................................... 4
Additions ............................................................................................................................................................. 1
Disposals ............................................................................................................................................................. (1
)
Cost or valuation at 31 December 2003 ............................................................................................................ 4
Accumulated depreciation at 1 January 2003 ....................................................................................................... (2
)
Charge to the profit and loss account ................................................................................................................... (1
)
Disposals ............................................................................................................................................................. 1
Accumulated depreciation at 31 December 2003 ............................................................................................. (2
)
Net book value at 31 December 2003 ................................................................................................................ 2
Net book value at 31 December 2002 .................................................................................................................. 2