HSBC 2003 Annual Report Download - page 327
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325
US$4,023 million). There would have been an additional credit to the profit and loss account in 2003 of US$206
million (2002: charge of US$7 million).
HSBC has adopted the provisions of UITF Abstracts 37 ‘Purchases and sales of own shares’ and 38 ‘Accounting for
ESOP trusts’ . Both HSBC’ s previous and its current accounting policies are acceptable under Hong Kong GAAP
and as a result no differences arise.
1Figures for 2002 have been restated to reflect the adoption of UITF Abstracts 37 ‘Purchases and sales of own shares’, and 38
‘Accounting for ESOP trusts’, details of which are set out in Note 1.