HSBC 2011 Annual Report Download - page 385

383
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
31 Liabilities of disposal groups held for sale and other liabilities
Liabilities of disposal groups held for sale
HSBC
2011 2010
US$m US$m
Liabilities of disposal groups held for sale1 ............................................................................................. 22,200 86
1 An analysis of liabilities of disposal groups held for sale is provided on page 380.
Other liabilities
HSBC HSBC Holdings
2011 2010 2011 2010
US$m US$m US$m US$m
Amounts due to investors in funds consolidated by HSBC ......... 720 840 – –
Obligations under finance leases (Note 42) ................................. 428 454 – –
Dividend declared and payable by HSBC Holdings (Note 11) ... 885 1,203 885 1,203
Endorsements and acceptances ..................................................... 11,009 10,123 – –
Other liabilities ............................................................................. 14,925 15,344 26 29
27,967 27,964 911 1,232
32 Liabilities under insurance contracts
Gross
Reinsurers’
share Net
US$m US$m US$m
At 31 December 2011
Non-life insurance liabilities
Unearned premium provision ..................................................................................... 621 (112) 509
Notified claims ............................................................................................................ 510 (91) 419
Claims incurred but not reported ................................................................................ 449 (51) 398
Other ........................................................................................................................... 55 4 59
1,635 (250) 1,385
Life insurance liabilities to policyholders
Life (non-linked) ......................................................................................................... 26,926 (649) 26,277
Investment contracts with discretionary participation features1 ................................. 21,488 – 21,488
Life (linked) ................................................................................................................ 11,210 (903) 10,307
59,624 (1,552) 58,072
61,259 (1,802) 59,457
At 31 December 2010
Non-life insurance liabilities
Unearned premium provision ..................................................................................... 727 (129) 598
Notified claims ............................................................................................................ 879 (230) 649
Claims incurred but not reported ................................................................................ 745 (75) 670
Other ........................................................................................................................... 105 2 107
2,456 (432) 2,024
Life insurance liabilities to policyholders
Life (non-linked) ......................................................................................................... 23,583 (673) 22,910
Investment contracts with discretionary participation features1 ................................. 22,074 – 22,074
Life (linked) ................................................................................................................ 10,496 (760) 9,736
56,153 (1,433) 54,720
58,609 (1,865) 56,744
1 Though investment contracts with discretionary participation features are financial instruments, HSBC continues to treat them as
insurance contracts as permitted by IFRS 4.