30th Mar 2010 16:35
Analysis of changes in net interest income and net interest expense
The following tables allocate changes in net interest income and net interest expense between volume and rate for 2009 compared with 2008, and for 2008 compared with 2007.
|
Interest income |
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
Increase/(decrease) in 2009 compared with 2008 |
|
|
|
Increase/(decrease) in 2008 compared with 2007 |
|
|
||||
|
|
|
2009 |
|
Volume |
|
Rate |
|
2008 |
|
Volume |
|
Rate |
|
2007 |
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
Short-term funds and loans and advances to banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ............................ |
1,379 |
|
(386) |
|
(422) |
|
2,187 |
|
(166) |
|
(239) |
|
2,592 |
|
|
HSBC Private Banking Holdings (Suisse) ................. |
43 |
|
(149) |
|
(141) |
|
333 |
|
119 |
|
(15) |
|
229 |
|
|
HSBC France .......................... |
440 |
|
60 |
|
(1,115) |
|
1,495 |
|
173 |
|
28 |
|
1,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ..................... |
202 |
|
(26) |
|
(359) |
|
587 |
|
203 |
|
(225) |
|
609 |
|
|
The Hongkong and Shanghai Banking Corporation ....................... |
182 |
|
(549) |
|
(613) |
|
1,344 |
|
(139) |
|
(869) |
|
2,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ....................... |
326 |
|
(152) |
|
(403) |
|
881 |
|
362 |
|
(291) |
|
810 |
|
|
HSBC Bank Malaysia ............. |
81 |
|
(31) |
|
(53) |
|
165 |
|
65 |
|
(3) |
|
103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ......... |
52 |
|
(54) |
|
(82) |
|
188 |
|
(15) |
|
(121) |
|
324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .................... |
94 |
|
(248) |
|
14 |
|
328 |
|
10 |
|
(159) |
|
477 |
|
|
HSBC Bank Canada ................ |
10 |
|
(13) |
|
(84) |
|
107 |
|
(21) |
|
(46) |
|
174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ........................ |
149 |
|
3 |
|
(101) |
|
247 |
|
9 |
|
(1) |
|
239 |
|
|
Brazilian operations34 ............ |
1,003 |
|
302 |
|
(250) |
|
951 |
|
242 |
|
64 |
|
645 |
|
|
HSBC Bank Panama ............... |
10 |
|
1 |
|
(21) |
|
30 |
|
9 |
|
(12) |
|
33 |
|
|
HSBC Bank Argentina ............ |
29 |
|
(25) |
|
11 |
|
43 |
|
16 |
|
11 |
|
16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................... |
199 |
|
(160) |
|
(401) |
|
760 |
|
43 |
|
(181) |
|
898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,199 |
|
(1,911) |
|
(3,536) |
|
9,646 |
|
915 |
|
(2,064) |
|
10,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ............................ |
10,898 |
|
(749) |
|
(6,940) |
|
18,587 |
|
3,885 |
|
(3,376) |
|
18,078 |
|
|
HSBC Private Banking Holdings (Suisse) ................. |
176 |
|
(94) |
|
(224) |
|
494 |
|
132 |
|
(145) |
|
507 |
|
|
HSBC France .......................... |
1,932 |
|
(118) |
|
(1,554) |
|
3,604 |
|
257 |
|
128 |
|
3,219 |
|
|
HSBC Finance ........................ |
319 |
|
(180) |
|
(6) |
|
505 |
|
(76) |
|
(30) |
|
611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ..................... |
1,194 |
|
12 |
|
(407) |
|
1,589 |
|
251 |
|
(782) |
|
2,120 |
|
|
The Hongkong and Shanghai Banking Corporation ....................... |
1,757 |
|
28 |
|
(562) |
|
2,291 |
|
392 |
|
(1,002) |
|
2,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ....................... |
3,668 |
|
(762) |
|
(733) |
|
5,163 |
|
1,345 |
|
(503) |
|
4,321 |
|
|
HSBC Bank Malaysia ............. |
455 |
|
(19) |
|
(79) |
|
553 |
|
64 |
|
(18) |
|
507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ......... |
1,593 |
|
(71) |
|
115 |
|
1,549 |
|
680 |
|
(331) |
|
1,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .................... |
5,541 |
|
330 |
|
(547) |
|
5,758 |
|
219 |
|
(1,046) |
|
6,585 |
|
|
HSBC Finance ........................ |
9,941 |
|
(4,472) |
|
(1,422) |
|
15,835 |
|
(1,495) |
|
(756) |
|
18,086 |
|
|
HSBC Bank Canada ................ |
1,499 |
|
(267) |
|
(689) |
|
2,455 |
|
284 |
|
(427) |
|
2,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ........................ |
1,708 |
|
(753) |
|
(104) |
|
2,565 |
|
104 |
|
274 |
|
2,187 |
|
|
Brazilian operations34 ............ |
4,494 |
|
(233) |
|
(152) |
|
4,879 |
|
1,744 |
|
(760) |
|
3,895 |
|
|
HSBC Bank Panama ............... |
864 |
|
64 |
|
(10) |
|
810 |
|
49 |
|
(17) |
|
778 |
|
|
HSBC Bank Argentina ............ |
357 |
|
(35) |
|
14 |
|
378 |
|
68 |
|
69 |
|
241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................... |
1,905 |
|
100 |
|
98 |
|
1,707 |
|
564 |
|
(647) |
|
1,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,301 |
|
(5,358) |
|
(15,063) |
|
68,722 |
|
8,887 |
|
(9,789) |
|
69,624 |
Interest income (continued)
|
|
|
|
|
Increase/(decrease) in 2009 compared with 2008 |
|
|
|
Increase/(decrease) in 2008 compared with 2007 |
|
|
||||
|
|
|
2009 |
|
Volume |
|
Rate |
|
2008 |
|
Volume |
|
Rate |
|
2007 |
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
Financial investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ....................... |
2,321 |
|
(182) |
|
(1,337) |
|
3,840 |
|
2,006 |
|
(597) |
|
2,431 |
|
|
HSBC Private Banking Holdings (Suisse) ............ |
363 |
|
165 |
|
(355) |
|
553 |
|
81 |
|
(39) |
|
511 |
|
|
HSBC France ..................... |
141 |
|
(510) |
|
(144) |
|
795 |
|
222 |
|
62 |
|
511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ................ |
630 |
|
25 |
|
(458) |
|
1,063 |
|
(340) |
|
(147) |
|
1,550 |
|
|
The Hongkong and Shanghai Banking Corporation .................. |
644 |
|
1,380 |
|
(1,299) |
|
563 |
|
(263) |
|
(191) |
|
1,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation .................. |
1,039 |
|
97 |
|
(565) |
|
1,507 |
|
371 |
|
71 |
|
1,065 |
|
|
HSBC Bank Malaysia ........ |
37 |
|
11 |
|
(10) |
|
36 |
|
(21) |
|
1 |
|
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East .... |
118 |
|
34 |
|
(60) |
|
144 |
|
96 |
|
(126) |
|
174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ............... |
969 |
|
106 |
|
(369) |
|
1,232 |
|
87 |
|
(44) |
|
1,189 |
|
|
HSBC Finance ................... |
120 |
|
(24) |
|
1 |
|
143 |
|
(65) |
|
(21) |
|
229 |
|
|
HSBC Bank Canada ........... |
205 |
|
91 |
|
(83) |
|
197 |
|
41 |
|
(102) |
|
258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ................... |
227 |
|
31 |
|
(48) |
|
244 |
|
14 |
|
(89) |
|
319 |
|
|
Brazilian operations34 ....... |
820 |
|
22 |
|
(55) |
|
853 |
|
140 |
|
41 |
|
672 |
|
|
HSBC Bank Panama .......... |
39 |
|
(1) |
|
(7) |
|
47 |
|
(7) |
|
(4) |
|
58 |
|
|
HSBC Bank Argentina ....... |
35 |
|
(17) |
|
5 |
|
47 |
|
(33) |
|
12 |
|
68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ....................................... |
1,717 |
|
966 |
|
(603) |
|
1,354 |
|
123 |
|
(176) |
|
1,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,425 |
|
2,790 |
|
(5,983) |
|
12,618 |
|
2,450 |
|
(1,347) |
|
11,515 |
For footnotes, see page 149.
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits by banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ....................... |
553 |
|
(504) |
|
(818) |
|
1,875 |
|
162 |
|
(435) |
|
2,148 |
|
|
HSBC Private Banking Holdings (Suisse) ............ |
1 |
|
(80) |
|
(24) |
|
105 |
|
121 |
|
(38) |
|
22 |
|
|
HSBC France ..................... |
536 |
|
258 |
|
(1,394) |
|
1,672 |
|
310 |
|
4 |
|
1,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ................ |
5 |
|
(21) |
|
(29) |
|
55 |
|
(53) |
|
(15) |
|
123 |
|
|
The Hongkong and Shanghai Banking Corporation .................. |
9 |
|
62 |
|
(123) |
|
70 |
|
1 |
|
(81) |
|
150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation .................. |
165 |
|
(153) |
|
(132) |
|
450 |
|
260 |
|
(255) |
|
445 |
|
|
HSBC Bank Malaysia......... |
2 |
|
(7) |
|
(1) |
|
10 |
|
(1) |
|
(1) |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East .... |
9 |
|
(16) |
|
(4) |
|
29 |
|
48 |
|
(51) |
|
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ............... |
9 |
|
(53) |
|
(158) |
|
220 |
|
244 |
|
(438) |
|
414 |
|
|
HSBC Bank Canada ........... |
8 |
|
- |
|
(33) |
|
41 |
|
(16) |
|
(36) |
|
93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ................... |
49 |
|
25 |
|
(8) |
|
32 |
|
(10) |
|
(21) |
|
63 |
|
|
Brazilian operations34 ....... |
241 |
|
34 |
|
17 |
|
190 |
|
85 |
|
(1) |
|
106 |
|
|
HSBC Bank Panama .......... |
26 |
|
(5) |
|
(12) |
|
43 |
|
(7) |
|
(16) |
|
66 |
|
|
HSBC Bank Argentina ....... |
1 |
|
(1) |
|
1 |
|
1 |
|
(7) |
|
(1) |
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ....................................... |
45 |
|
(61) |
|
(60) |
|
166 |
|
4 |
|
(129) |
|
291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,659 |
|
(653) |
|
(2,647) |
|
4,959 |
|
1,183 |
|
(1,556) |
|
5,332 |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
Increase/(decrease) in 2009 compared with 2008 |
|
|
|
Increase/(decrease) in 2008 compared with 2007 |
|
|
||||
|
|
|
2009 |
|
Volume |
|
Rate |
|
2008 |
|
Volume |
|
Rate |
|
2007 |
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
Customer accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ........................... |
2,407 |
|
(1,015) |
|
(6,670) |
|
10,092 |
|
1,355 |
|
(1,839) |
|
10,576 |
|
|
HSBC Private Banking Holdings (Suisse) ............... |
256 |
|
(376) |
|
(717) |
|
1,349 |
|
328 |
|
(464) |
|
1,485 |
|
|
HSBC France ........................ |
645 |
|
884 |
|
(1,822) |
|
1,583 |
|
292 |
|
65 |
|
1,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank .................... |
200 |
|
69 |
|
(783) |
|
914 |
|
152 |
|
(1,138) |
|
1,900 |
|
|
The Hongkong and Shanghai Banking Corporation ...................... |
211 |
|
111 |
|
(1,265) |
|
1,365 |
|
382 |
|
(2,516) |
|
3,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ...................... |
1,494 |
|
(124) |
|
(1,251) |
|
2,869 |
|
711 |
|
(487) |
|
2,645 |
|
|
HSBC Bank Malaysia ............ |
191 |
|
(17) |
|
(87) |
|
295 |
|
43 |
|
(8) |
|
260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ........ |
432 |
|
(25) |
|
35 |
|
422 |
|
156 |
|
(312) |
|
578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ................... |
975 |
|
(40) |
|
(1,054) |
|
2,069 |
|
334 |
|
(1,316) |
|
3,051 |
|
|
HSBC Bank Canada ............... |
385 |
|
27 |
|
(609) |
|
967 |
|
146 |
|
(269) |
|
1,090 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ....................... |
391 |
|
(114) |
|
(56) |
|
561 |
|
15 |
|
(2) |
|
548 |
|
|
Brazilian operations34 ........... |
2,946 |
|
274 |
|
(438) |
|
3,110 |
|
741 |
|
206 |
|
2,163 |
|
|
HSBC Bank Panama ............. |
353 |
|
32 |
|
25 |
|
296 |
|
6 |
|
(24) |
|
314 |
|
|
HSBC Bank Argentina .......... |
99 |
|
(7) |
|
(39) |
|
145 |
|
17 |
|
43 |
|
85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................. |
361 |
|
(12) |
|
(1,579) |
|
1,952 |
|
369 |
|
(714) |
|
2,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,346 |
|
(292) |
|
(16,351) |
|
27,989 |
|
4,710 |
|
(8,438) |
|
31,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities designated at fair value - own debt issued |
1,558 |
|
(177) |
|
(1,398) |
|
3,133 |
|
304 |
|
(739) |
|
3,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities in issue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ........................... |
1,305 |
|
(615) |
|
(2,081) |
|
4,001 |
|
1,290 |
|
(1,042) |
|
3,753 |
|
|
HSBC France ........................ |
330 |
|
(270) |
|
(847) |
|
1,447 |
|
86 |
|
154 |
|
1,207 |
|
|
HSBC Finance ....................... |
- |
|
(8) |
|
- |
|
8 |
|
(2) |
|
(8) |
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank .................... |
21 |
|
(16) |
|
(20) |
|
57 |
|
(2) |
|
(21) |
|
80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ...................... |
218 |
|
(255) |
|
(167) |
|
640 |
|
1 |
|
80 |
|
559 |
|
|
HSBC Bank Malaysia............. |
16 |
|
(3) |
|
(1) |
|
20 |
|
6 |
|
1 |
|
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ........ |
62 |
|
11 |
|
(39) |
|
90 |
|
32 |
|
(61) |
|
119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ................... |
590 |
|
(37) |
|
(225) |
|
852 |
|
(182) |
|
(198) |
|
1,232 |
|
|
HSBC Finance ....................... |
2,510 |
|
(1,326) |
|
71 |
|
3,765 |
|
(802) |
|
(744) |
|
5,311 |
|
|
HSBC Bank Canada ............... |
322 |
|
(147) |
|
(135) |
|
604 |
|
95 |
|
(131) |
|
640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ....................... |
67 |
|
(111) |
|
(65) |
|
243 |
|
148 |
|
(15) |
|
110 |
|
|
Brazilian operations34 ........... |
86 |
|
(24) |
|
(46) |
|
156 |
|
36 |
|
5 |
|
115 |
|
|
HSBC Bank Panama ............. |
34 |
|
(4) |
|
5 |
|
33 |
|
(4) |
|
(8) |
|
45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................. |
340 |
|
15 |
|
259 |
|
66 |
|
(14) |
|
93 |
|
(13) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,901 |
|
(2,557) |
|
(3,524) |
|
11,982 |
|
(723) |
|
(1,930) |
|
13,189 |
For footnotes, see page 149.
Short-term borrowings
HSBC includes short-term borrowings within customer accounts, deposits by banks and debt securities in issue and does not show short-term borrowings separately on the balance sheet. Short-term borrowings are defined by the US Securities and Exchange Commission ('SEC') as Federal funds purchased and securities sold under agreements to repurchase, commercial paper and other short-term borrowings. HSBC's only significant short-term borrowings are securities sold under agreements to repurchase and certain debt securities in issue. Additional information on these is provided in the table below.
Repos and short-term bonds
|
|
2009 |
|
2008 |
|
2007 |
|
|
US$m |
|
US$m |
|
US$m |
|
Securities sold under agreements to repurchase |
|
|
|
|
|
|
Outstanding at 31 December ...................................................................... |
152,218 |
|
145,180 |
|
140,001 |
|
Average amount outstanding during the year .............................................. |
170,671 |
|
177,256 |
|
129,779 |
|
Maximum quarter-end balance outstanding during the year ......................... |
157,778 |
|
190,651 |
|
148,601 |
|
|
|
|
|
|
|
|
Weighted average interest rate during the year ........................................... |
0.8% |
|
3.8% |
|
5.4% |
|
Weighted average interest rate at the year-end ........................................... |
0.4% |
|
2.9% |
|
4.8% |
|
|
|
|
|
|
|
|
Short-term bonds |
|
|
|
|
|
|
Outstanding at 31 December ...................................................................... |
38,776 |
|
40,279 |
|
51,792 |
|
Average amount outstanding during the year .............................................. |
33,010 |
|
45,330 |
|
39,153 |
|
Maximum quarter-end balance outstanding during the year ......................... |
38,776 |
|
55,842 |
|
51,792 |
|
|
|
|
|
|
|
|
Weighted average interest rate during the year ........................................... |
3.2% |
|
5.0% |
|
7.0% |
|
Weighted average interest rate at the year-end ........................................... |
0.6% |
|
3.1% |
|
6.5% |
Contractual obligations
The table below provides details of HSBC's material contractual obligations as at 31 December 2009.
|
|
Payments due by period |
||||||
|
|
Total |
|
Less than 1 year |
|
1-5 years |
|
More than 5 years |
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
|
|
|
|
|
|
|
Long-term debt obligations ............................................. |
234,297 |
|
71,482 |
|
93,778 |
|
69,037 |
|
Term deposits and certificates of deposit ........................ |
211,434 |
|
198,081 |
|
13,353 |
|
- |
|
Capital (finance) lease obligations .................................. |
971 |
|
103 |
|
249 |
|
619 |
|
Operating lease obligations ............................................. |
5,655 |
|
857 |
|
2,264 |
|
2,534 |
|
Purchase obligations ....................................................... |
1,359 |
|
1,045 |
|
314 |
|
- |
|
Short positions in debt securities and equity shares .......... |
90,067 |
|
73,437 |
|
5,332 |
|
11,298 |
|
Current tax liability ........................................................ |
2,141 |
|
2,141 |
|
- |
|
- |
|
Pension/healthcare obligation ......................................... |
15,979 |
|
1,188 |
|
5,548 |
|
9,243 |
|
|
|
|
|
|
|
|
|
|
|
561,903 |
|
348,334 |
|
120,838 |
|
92,731 |
Ratios of earnings to combined fixed charges (and preference share dividends)
|
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
2005 |
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
Ratios of earnings to combined fixed charges and preference share dividends:38 |
|
|
|
|
|
|
|
|
|
|
- excluding interest on deposits ...................................... |
2.64 |
|
2.97 |
|
6.96 |
|
7.22 |
|
9.16 |
|
- including interest on deposits ....................................... |
1.20 |
|
1.13 |
|
1.34 |
|
1.40 |
|
1.59 |
|
|
|
|
|
|
|
|
|
|
|
|
Ratios of earnings to combined fixed charges:38 |
|
|
|
|
|
|
|
|
|
|
- excluding interest on deposits ...................................... |
2.99 |
|
3.17 |
|
7.52 |
|
7.93 |
|
9.60 |
|
- including interest on deposits ....................................... |
1.22 |
|
1.14 |
|
1.34 |
|
1.41 |
|
1.59 |
For footnote, see page 149.
Related Shares:
HSBC Holdings