HSBC 2005 Annual Report Download - page 240

HSBC HOLDINGS PLC
Financial Statements (continued)
238
Consolidated statement of recognised income and expense for the year ended 31 December 2005
2005 2004
US$m US$m
Available-for-sale investments:
– fair value changes taken to equity ..................................................................................... (400) –
– fair value changes transferred to income statement on disposal or impairment ................. (240) –
Cash flow hedges:
– fair value changes taken to equity ..................................................................................... (92) –
– fair value changes transferred to income statement ........................................................... (106) –
Share of changes in equity of associates and joint ventures ...................................................... 161 –
Exchange differences ................................................................................................................ (4,257) 3,720
Actuarial losses on post-employment benefits .......................................................................... (812) (731)
(5,746) 2,989
Net deferred tax on items taken directly to equity .................................................................... 437 319
Total income and expense taken to equity during the year ....................................................... (5,309) 3,308
Profit for the year ..................................................................................................................... 15,873 14,258
Total recognised income and expense for the year ................................................................... 10,564 17,566
Effect of change in accounting policy
IFRSs transition adjustment at 1 January 2005
– available-for-sale fair value reserve ................................................................................... 1,919 –
– cash flow hedging reserve ................................................................................................. 410 –
– foreign exchange reserve ................................................................................................... 686 –
– retained earnings ............................................................................................................... (1,762) –
– minority interests ............................................................................................................... (10,077) –
1,740 17,566
Total recognised income and expense for the year attributable to:
– shareholders of the parent company .................................................................................. 9,912 15,743
– minority interests ............................................................................................................... 652 1,823
10,564 17,566