Annual Financial Report - 35 of 41

HSBC

At 31 December 2010

Held for trading

Designated at fair value

Held-to- maturity securities

Available- for-sale securities

Financial assets and liabilities at amortised cost

Derivatives designated as fair value hedging instruments

Derivatives designated as cash flow hedging instruments

Total

US$m

US$m

US$m

US$m

US$m

US$m

US$m

US$m

Financial assets

Cash and balances at central banks ......................................................

-

-

-

-

57,383

-

-

57,383

Items in the course of collection from other banks .............................

-

-

-

-

6,072

-

-

6,072

Hong Kong Government certificates of indebtedness ...........................

-

-

-

-

19,057

-

-

19,057

Trading assets .....................................................................................

385,052

-

-

-

-

-

-

385,052

Financial assets designated at fair value ...............................................

-

37,011

-

-

-

-

-

37,011

Derivatives .........................................................................................

256,689

-

-

-

-

596

3,472

260,757

Loans and advances to banks ...............................................................

-

-

-

-

208,271

-

-

208,271

Loans and advances to customers ........................................................

-

-

-

-

958,366

-

-

958,366

Financial investments .........................................................................

-

-

19,499

381,256

-

-

-

400,755

Other assets ........................................................................................

-

-

-

-

20,097

-

-

20,097

Accrued income ..................................................................................

-

-

-

-

10,274

-

-

10,274

Total financial assets ..........................................................................

641,741

37,011

19,499

381,256

1,279,520

596

3,472

2,363,095

Financial liabilities

Hong Kong currency notes in circulation ............................................

-

-

-

-

19,057

-

-

19,057

Deposits by banks ...............................................................................

-

-

-

-

110,584

-

-

110,584

Customer accounts ..............................................................................

-

-

-

-

1,227,725

-

-

1,227,725

Items in the course of transmission to other banks ..............................

-

-

-

-

6,663

-

-

6,663

Trading liabilities ................................................................................

300,703

-

-

-

-

-

-

300,703

Financial liabilities designated at fair value ..........................................

-

88,133

-

-

-

-

-

88,133

Derivatives .........................................................................................

254,416

-

-

-

-

2,226

2,023

258,665

Debt securities in issue .........................................................................

-

-

-

-

145,401

-

-

145,401

Other liabilities ...................................................................................

-

-

-

-

25,533

-

-

25,533

Accruals ..............................................................................................

-

-

-

-

12,545

-

-

12,545

Subordinated liabilities .........................................................................

-

-

-

-

33,387

-

-

33,387

Total financial liabilities .....................................................................

555,119

88,133

-

-

1,580,895

2,226

2,023

2,228,396

At 31 December 2009

Held for trading

Designated at fair value

Held-to- maturity securities

Available- for-sale securities

Financial assets and liabilities at amortised cost

Derivatives designated as fair value hedging instruments

Derivatives designated as cash flow hedging instruments

Total

US$m

US$m

US$m

US$m

US$m

US$m

US$m

US$m

Financial assets

Cash and balances at central banks ......................................................

-

-

-

-

60,655

-

-

60,655

Items in the course of collection from other banks .............................

-

-

-

-

6,395

-

-

6,395

Hong Kong Government certificates of indebtedness ...........................

-

-

-

17,463

-

-

17,463

Trading assets .....................................................................................

421,381

-

-

-

-

-

-

421,381

Financial assets designated at fair value ...............................................

-

37,181

-

-

-

-

-

37,181

Derivatives .........................................................................................

245,685

-

-

-

-

584

4,617

250,886

Loans and advances to banks ...............................................................

-

-

-

-

179,781

-

-

179,781

Loans and advances to customers ........................................................

-

-

-

-

896,231

-

-

896,231

Financial investments .........................................................................

-

-

17,626

351,532

-

-

-

369,158

Other assets ........................................................................................

-

-

-

3

26,114

-

-

26,117

Accrued income ..................................................................................

-

-

-

-

10,256

-

-

10,256

Total financial assets ..........................................................................

667,066

37,181

17,626

351,535

1,196,895

584

4,617

2,275,504

Financial liabilities

Hong Kong currency notes in circulation ............................................

-

-

-

-

17,463

-

-

17,463

Deposits by banks ...............................................................................

-

-

-

-

124,872

-

-

124,872

Customer accounts ..............................................................................

-

-

-

-

1,159,034

-

-

1,159,034

Items in the course of transmission to other banks ..............................

-

-

-

-

5,734

-

-

5,734

Trading liabilities ................................................................................

268,130

-

-

-

-

-

-

268,130

Financial liabilities designated at fair value ..........................................

-

80,092

-

-

-

-

-

80,092

Derivatives .........................................................................................

244,072

-

-

-

-

1,085

2,489

247,646

Debt securities in issue .........................................................................

-

-

-

-

146,896

-

-

146,896

Other liabilities ...................................................................................

-

-

-

-

66,169

-

-

66,169

Accruals ..............................................................................................

-

-

-

-

11,644

-

-

11,644

Subordinated liabilities .........................................................................

-

-

-

-

30,478

-

-

30,478

Total financial liabilities .....................................................................

512,202

80,092

-

-

1,562,290

1,085

2,489

2,158,158

At 31 December 2010

Held for trading

Designated at fair value

Loans and receivables

Available- for-sale securities

Financial assets and liabilities at amortised cost

Total

US$m

US$m

US$m

US$m

US$m

US$m

Financial assets

Cash at bank and in hand .............................

-

-

-

-

459

459

Derivatives ..................................................

2,327

-

-

-

-

2,327

Loans and advances to HSBC undertakings ..

-

-

21,238

-

-

21,238

Financial investments ..................................

-

-

-

2,025

-

2,025

Other assets .................................................

-

-

-

-

1

1

Total financial assets ...................................

2,327

-

21,238

2,025

460

26,050

Financial liabilities

Amounts owed to HSBC undertakings ..........

-

-

-

-

2,932

2,932

Financial liabilities designated at fair value ...

-

16,288

-

-

-

16,288

Derivatives ..................................................

827

-

-

-

-

827

Debt securities in issue .................................

-

-

-

-

2,668

2,668

Other liabilities ............................................

-

-

-

-

1,216

1,216

Accruals ......................................................

-

-

-

-

566

566

Subordinated liabilities .................................

-

-

-

-

13,313

13,313

Total financial liabilities ..............................

827

16,288

-

-

20,695

37,810

At 31 December 2009

Held for trading

Designated at fair value

Loans and receivables

Available- for-sale securities

Financial assets and liabilities at amortised cost

Total

US$m

US$m

US$m

US$m

US$m

US$m

Financial assets

Cash at bank and in hand .............................

-

-

-

-

224

224

Derivatives ..................................................

2,981

-

-

-

-

2,981

Loans and advances to HSBC undertakings ..

-

-

23,212

-

-

23,212

Financial investments ..................................

-

-

-

2,455

-

2,455

Other assets .................................................

-

-

-

-

4

4

Total financial assets ...................................

2,981

-

23,212

2,455

228

28,876

Financial liabilities

Amounts owed to HSBC undertakings ..........

-

-

-

-

3,711

3,711

Financial liabilities designated at fair value ...

-

16,909

-

-

-

16,909

Derivatives ..................................................

362

-

-

-

-

362

Debt securities in issue .................................

-

-

-

-

2,839

2,839

Other liabilities ............................................

-

-

-

-

8

8

Accruals ......................................................

-

-

-

-

419

419

Subordinated liabilities .................................

-

-

-

-

14,406

14,406

Total financial liabilities ..............................

362

16,909

-

-

21,383

38,654