HSBC 2007 Annual Report Download - page 270

HSBC HOLDINGS PLC
Report of the Directors: The Management of Risk (continued)
Insurance operations > Insurance risk
268
Balance sheet of insurance manufacturing subsidiaries by type of contract (Audited) Insurance contracts Investment contracts
Contracts with DPF1
Unit- linked
Annuities
Term assurance2
Non-life
Contracts
with DPF3
Unit- linked Other
Other assets4
Total
US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m At 31 December 2007
Financial assets:
– trading assets .......................................... – – 37 – 22 – – – 35 94
– financial assets designated at
fair value ................................................ 3,424 5,799 610 559 130 6,210 12,379 1,610 2,992 33,713
– derivatives .............................................. 2 52 – – 1 78 250 3 30 416 – financial investments ............................. 4,518 – 1,265 328 1,071 12,305 – 1,526 2,939 23,952
– other financial assets .............................. 1,896 520 1,047 716 1,175 3 762 714 1,483 8,316
Total financial assets ....................................... 9,840 6,371 2,959 1,603 2,399 18,596 13,391 3,853 7,479 66,491 Reinsurance assets .......................................... 4 57 337 264 653 – – – 54 1,369
PVIF5 .............................................................. – – – – – – – – 1,965 1,965
Other assets and investment properties .......... 65 2 30 104 193 399 46 52 1,196 2,087
Total assets ...................................................... 9,909 6,430 3,326 1,971 3,245 18,995 13,437 3,905 10,694 71,912 Liabilities under investment contracts
designated at fair value .............................. – – – – – – 12,725 3,328 – 16,053
Liabilities under investment contracts
carried at amortised cost ............................ – – – – – – – 312 – 312
Liabilities under insurance contracts .............. 9,660 6,399 3,127 1,583 2,854 18,983 – – – 42,606
Deferred tax .................................................... – 7 3 22 3 – 6 – 582 623 Other liabilities ............................................... – – – – – – – – 3,888 3,888
Total liabilities ................................................ 9,660 6,406 3,130 1,605 2,857 18,983 12,731 3,640 4,470 63,482
Total equity ..................................................... – – – – – – – – 8,430 8,430
Total equity and liabilities6 ............................. 9,660 6,406 3,130 1,605 2,857 18,983 12,731 3,640 12,900 71,912 For footnotes, see page 269.