Annual Report and Accounts - 29 of 35

HSBC

At 31 December 2008

Held for  trading

Designated  at fair value

Held-to- maturity  securities

Loans and  receivables

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

US$m

Financial assets

Cash and balances at central banks 

-

-

-

-

-

52,396

-

-

52,396

Items in the course of collection from other banks 

-

-

-

-

-

6,003

-

-

6,003

Hong Kong Government certificates of indebtedness 

-

-

-

15,358

-

-

-

-

15,358

Trading assets 

427,329

-

-

-

-

-

-

-

427,329

Financial assets designated at fair value 

-

28,533

-

-

-

-

-

-

28,533

Derivatives 

488,385

-

-

-

-

-

839

5,652

494,876

Loans and advances to banks 

-

-

-

153,766

-

-

-

-

153,766

Loans and advances to customers 

-

-

-

932,868

-

-

-

-

932,868

Financial investments 

-

-

14,013

-

286,222

-

-

-

300,235

Other assets 

-

-

-

11

1

27,093

-

-

27,105

Accrued income 

-

-

-

-

-

13,754

-

-

13,754

Total financial assets 

915,714

28,533

14,013

1,102,003

286,223

99,246

839

5,652

2,452,223

Financial liabilities

Hong Kong currency notes in circulation 

-

-

-

15,358

-

-

-

-

15,358

Deposits by banks 

-

-

-

-

-

130,084

-

-

130,084

Customer accounts 

-

-

-

-

-

1,115,327

-

-

1,115,327

Items in the course of transmission to other banks 

-

-

-

-

-

7,232

-

-

7,232

Trading liabilities 

247,652

-

-

-

-

-

-

-

247,652

Financial liabilities designated at fair value 

-

74,587

-

-

-

-

-

-

74,587

Derivatives 

481,799

-

-

-

-

-

1,267

3,994

487,060

Debt securities in issue 

-

-

-

-

-

179,693

-

-

179,693

Other liabilities 

-

-

-

-

-

70,003

-

-

70,003

Accruals 

-

-

-

-

-

14,072

-

-

14,072

Subordinated liabilities 

-

-

-

-

-

29,433

-

-

29,433

Total financial liabilities 

729,451

74,587

-

15,358

-

1,545,844

1,267

3,994

2,370,501

HSBC (continued)

At 31 December 2007

Held for  trading

Designated  at fair value

Held-to- maturity  securities

Loans and  receivables

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

US$m

Financial assets

Cash and balances at central banks 

-

-

-

-

-

21,765

-

-

21,765

Items in the course of collection from other banks 

-

-

-

-

-

9,777

-

-

9,777

Hong Kong Government certificates of indebtedness 

-

-

-

13,893

-

-

-

-

13,893

Trading assets 

445,968

-

-

-

-

-

-

-

445,968

Financial assets designated at fair value 

-

41,564

-

-

-

-

-

-

41,564

Derivatives 

182,604

-

-

-

-

-

335

4,915

187,854

Loans and advances to banks 

-

-

-

237,366

-

-

-

-

237,366

Loans and advances to customers 

-

-

-

981,548

-

-

-

-

981,548

Financial investments 

-

-

9,768

-

273,232

-

-

-

283,000

Other assets 

-

-

-

14

28

25,084

-

-

25,126

Accrued income 

-

-

-

-

-

18,119

-

-

18,119

Total financial assets 

628,572

41,564

9,768

1,232,821

273,260

74,745

335

4,915

2,265,980

Financial liabilities

Hong Kong currency notes in circulation 

-

-

-

13,893

-

-

-

-

13,893

Deposits by banks 

-

-

-

-

-

132,181

-

-

132,181

Customer accounts 

-

-

-

-

-

1,096,140

-

-

1,096,140

Items in the course of transmission to other banks 

-

-

-

-

-

8,672

-

-

8,672

Trading liabilities 

314,580

-

-

-

-

-

-

-

314,580

Financial liabilities designated at fair value 

-

89,939

-

-

-

-

-

-

89,939

Derivatives 

181,009

-

-

-

-

-

403

1,981

183,393

Debt securities in issue 

-

-

-

-

-

246,579

-

-

246,579

Other liabilities 

-

-

-

-

-

32,892

-

-

32,892

Accruals 

-

-

-

-

-

19,572

-

-

19,572

Subordinated liabilities 

-

-

-

-

-

24,819

-

-

24,819

Total financial liabilities 

495,589

89,939

-

13,893

-

1,560,855

403

1,981

2,162,660

At 31 December 2008

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 

-

-

-

-

443

443

Derivatives 

3,682

-

-

-

-

3,682

Loans and advances to HSBC undertakings 

-

-

11,804

-

-

11,804

Financial investments 

-

-

-

2,629

-

2,629

Other assets 

-

-

-

-

25

25

Total financial assets 

3,682

-

11,804

2,629

468

18,583

Financial liabilities

Amounts owed to HSBC undertakings 

-

-

-

-

4,042

4,042

Financial liabilities designated at fair value 

-

16,389

-

-

-

16,389

Derivatives 

1,324

-

-

-

-

1,324

Subordinated liabilities 

-

-

-

-

14,017

14,017

Other liabilities 

-

-

-

-

10

10

Accruals 

-

-

-

-

288

288

Total financial liabilities 

1,324

16,389

-

-

18,357

36,070

At 31 December 2008

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 

-

-

-

-

443

443

Derivatives 

3,682

-

-

-

-

3,682

Loans and advances to HSBC undertakings 

-

-

11,804

-

-

11,804

Financial investments 

-

-

-

2,629

-

2,629

Other assets 

-

-

-

-

25

25

Total financial assets 

3,682

-

11,804

2,629

468

18,583

Financial liabilities

Amounts owed to HSBC undertakings 

-

-

-

-

4,042

4,042

Financial liabilities designated at fair value 

-

16,389

-

-

-

16,389

Derivatives 

1,324

-

-

-

-

1,324

Subordinated liabilities 

-

-

-

-

14,017

14,017

Other liabilities 

-

-

-

-

10

10

Accruals 

-

-

-

-

288

288

Total financial liabilities 

1,324

16,389

-

-

18,357

36,070

At 31 December 2007

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 

-

-

-

-

360

360

Derivatives 

2,660

-

-

-

-

2,660

Loans and advances to HSBC undertakings 

-

-

17,242

-

-

17,242

Financial investments 

-

-

-

3,022

-

3,022

Other assets 

-

-

-

-

21

21

Total financial assets 

2,660

-

17,242

3,022

381

23,305

Financial liabilities

Amounts owed to HSBC undertakings 

-

-

-

-

2,969

2,969

Financial liabilities designated at fair value 

-

18,683

-

-

-

18,683

Derivatives 

44

-

-

-

-

44

Subordinated liabilities 

-

-

-

-

8,544

8,544

Other liabilities 

-

-

-

-

5

5

Accruals 

-

-

-

-

150

150

Total financial liabilities 

44

18,683

-

-

11,668

30,395

At 31 December 2007

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 

-

-

-

-

360

360

Derivatives 

2,660

-

-

-

-

2,660

Loans and advances to HSBC undertakings 

-

-

17,242

-

-

17,242

Financial investments 

-

-

-

3,022

-

3,022

Other assets 

-

-

-

-

21

21

Total financial assets 

2,660

-

17,242

3,022

381

23,305

Financial liabilities

Amounts owed to HSBC undertakings 

-

-

-

-

2,969

2,969

Financial liabilities designated at fair value 

-

18,683

-

-

-

18,683

Derivatives 

44

-

-

-

-

44

Subordinated liabilities 

-

-

-

-

8,544

8,544

Other liabilities 

-

-

-

-

5

5

Accruals 

-

-

-

-

150

150

Total financial liabilities 

44

18,683

-

-

11,668

30,395