HSBC 2005 Annual Report Download - page 292

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
290
18 Financial investments
HSBC
2005 2004
US$m US$m
Financial investments:
– which may be pledged or resold by counterparties ................................................................. 6,041 –
– not subject to repledge or resale by counterparties ................................................................. 176,301 –
182,342 185,332
2005 2004
Carrying
amount
Fair value Carrying
amount
US$m US$m US$m
Treasury and other eligible bills ................................................................... 25,042 25,042 25,666
– available-for-sale ................................................................................... 24,834 24,834
– held-to-maturity .................................................................................... 208 208
Debt securities .............................................................................................. 149,781 149,962 153,103
– available-for-sale ................................................................................... 141,699 141,699
– held-to-maturity .................................................................................... 8,082 8,263
Equity securities ........................................................................................... 7,519 7,519 6,563
– available-for-sale ................................................................................... 7,519 7,519
Total financial investments .......................................................................... 182,342 182,523 185,332
Cost
Gross
unrealised
gains
Gross
unrealised
losses
Fair
value
US$m US$m US$m US$m
At 31 December 2005
US Treasury.................................................................. 9,015 5 (23) 8,997
US Government agencies ............................................. 4,173 52 (52) 4,173
US Government sponsored entities............................... 16,099 82 (292) 15,889
UK Government .......................................................... 7,658 83 (1) 7,740
Hong Kong Government .............................................. 4,429 2 (23) 4,408
Other government ........................................................ 34,623 317 (87) 34,853
Asset-backed securities ............................................... 2,893 8 (12) 2,889
Corporate debt and other securities ............................. 96,018 452 (415) 96,055
Equities ....................................................................... 6,414 1,111 (6) 7,519
181,322 2,112 (911) 182,523
At 31 December 2004
US Treasury.................................................................. 7,998 25 (22) 8,001
US Government agencies ............................................. 9,657 91 (94) 9,654
US Government sponsored entities............................... 10,093 133 (48) 10,178
UK Government .......................................................... 11,510 1 (2) 11,509
Hong Kong Government .............................................. 5,274 88 – 5,362
Other government ........................................................ 36,393 543 (290) 36,646
Asset-backed securities ............................................... 13,367 28 (6) 13,389
Corporate debt and other securities ............................. 84,477 1,061 (136) 85,402
Equities ....................................................................... 6,563 1,136 (10) 7,689
185,332 3,106 (608) 187,830
Included within corporate debt and other securities are debt securities issued by banks and other financial institutions
of US$68,954 million (2004: US$60,166 million). The fair value of these was US$68,933 million (2004:
US$60,655 million).