1st Aug 2005 09:00
HSBC Holdings PLC01 August 2005 Hang Seng Bank and its subsidiaries Appendix 1Consolidated Balance Sheet as at 30 June 2004Figures in HK$m Effect of changes in accounting As reported policies Restated ReferenceAssets AssetsCash and short-term Cash and short-term HKAS 27 funds 62,376 (163) 62,213 funds Placings with banks Placings with banks Reclassification maturing after maturing after one month 5,315 4 5,319 one month Certificates Certificates Reclassification of deposit 31,478 (31,478) - of depositSecurities held for dealing purposes 1,180 2,773 3,953 Trading securities HKAS 27 Derivative financial Reclassification 1,209 1,209 instrumentsAdvances to customers 246,779 (385) 246,394 Advances to customers HKFRS 5Amounts due from immediate holding company and fellow subsidiary companies 5,777 (5,777) - ReclassificationLong-term investments 120,997 41,121 162,118 Financial investments HKAS 27Investments in Investments in HKAS-Int 21 associated companies 2,183 (80) 2,103 associated companies 1,146 1,146 Intangible assets ReclassificationTangible fixed assets 11,056 (5,779) 5,277 Premises and equipment HKAS 17 3,260 3,260 Investment properties ReclassificationOther assets 16,788 (7,222) 9,566 Other assets HKFRS 5, HKAS 19, HKAS 17 and HKAS 27 503,929 502,558 Liabilities LiabilitiesCurrent, savings and Current, savings and HKAS 27 other deposit accounts 428,370 (9,732) 418,638 other deposit accountsDeposits from banks 6,082 7,036 13,118 Deposits from banks HKAS 27 2,657 2,657 Trading liabilities Reclassification Derivatives financial Reclassification 961 961 instruments 9,807 9,807 Certificates of deposit HKAS 27 and other debt securities in issue Amounts due to immediate holding company and fellow subsidiary companies 7,530 (7,530) - ReclassificationOther liabilities 19,878 (4,683) 15,195 Other liabilities HKAS 27 and HKFRS 2 2,116 2,116 Deferred tax and current HKAS 19, HKAS 40 tax liabilities HKAS 17 and HKAS-Int 21 461,860 462,492 Capital resources Capital resourcesMinority interests 724 - 724 Minority interestsShare capital 9,559 - 9,559 Share capitalReserves 29,683 (2,003) 27,680 Reserves HKAS 19, HKAS 40, HKAS 17, HKAS 27, HKFRS 2 and HKAS-Int 21Proposed dividends 2,103 - 2,103 Proposed dividendsShareholders' funds 41,345 39,342 Shareholders' funds 42,069 40,066 503,929 502,558 Hang Seng Bank and its subsidiaries Appendix 2Consolidated Balance Sheet as at 31 December 2004Figures in HK$m Effect of changes in accounting As reported policies Restated ReferenceAssets AssetsCash and short-term Cash and short-term HKAS 27 funds 68,198 (3,353) 64,845 funds Placings with banks Placings with banks Reclassification maturing after maturing after one month 16,231 1,251 17,482 one month Certificates Certificates Reclassification of deposit 33,590 (33,590) - of depositSecurities held for dealing purposes 1,866 4,134 6,000 Trading securities HKAS 27 Derivative financial Reclassification 1,684 1,684 instrumentsAdvances to customers 251,873 (320) 251,553 Advances to customers HKFRS 5Amounts due from immediate holding company and fellow subsidiary companies 4,598 (4,598) - ReclassificationLong-term investments 138,025 44,913 182,938 Financial investments HKAS 27Investments in Investments in HKAS-Int 21 associated companies 2,397 (98) 2,299 associated companies 1,266 1,266 Intangible assets ReclassificationTangible fixed assets 11,469 (5,911) 5,558 Premises and equipment HKAS 17 3,383 3,383 Investment properties ReclassificationOther assets 20,378 (10,398) 9,980 Other assets HKFRS 5, HKAS 19, HKAS 17 and HKAS 27 548,625 546,988 Liabilities LiabilitiesCurrent, savings and Current, savings and HKAS 27 other deposit accounts 463,416 (15,956) 447,460 other deposit accountsDeposits from banks 8,631 3,303 11,934 Deposits from banks HKAS 27 5,840 5,480 Trading liabilities Reclassification Derivatives financial Reclassification 1,273 1,273 instruments Certificates of deposit HKAS 27 and other debt 16,055 16,055 securities in issueAmounts due to immediate holding company and fellow subsidiary companies 3,928 (3,928) - ReclassificationOther liabilities 28,613 (7,631) 20,982 Other liabilities HKAS 27 and HKFRS 2 1,668 1,668 Deferred tax and current HKAS 19, HKAS 40 tax liabilities HKAS 17 and HKAS-Int 21 504,588 505,212 Capital resources Capital resourcesMinority interests 852 - 852 Minority interestsShare capital 9,559 - 9,559 Share capitalReserves 29,993 (2,261) 27,732 Reserves HKAS 19, HKAS 40, HKAS 17, HKAS 27, HKFRS 2 and HKAS-Int 21Proposed dividends 3,633 - 3,633 Proposed dividendsShareholders' funds 43,185 40,924 Shareholders' funds 44,037 41,776 548,625 546,988 Hang Seng Bank and its subsidiaries Appendix 3Consolidated Profit and Loss Account for the period ended 30 June 2004Figures in HK$m Effect of changes in accounting As reported policies Restated Reference Interest income 5,871 4 5,875 Interest income HKAS 27Interest expenses (1,160) (1,160) Interest expensesNet interest income 4,711 4 4,715 Net interest incomeFees and commissions receivable 1,993 (19) 1,974 Fee income HKAS 27Fees and commissions payable (170) 17 (153) Fee expense HKAS 27 1,821 Net fee incomeDealing profits 558 - 558 Trading income HKAS 27 - Net income from financial instruments designated as at fair value Net investment income on assets backing policy holder 83 83 liabilities ReclassificationInsurance underwriting profits 617 (617) - ReclassificationDividend income 76 (28) 48 Dividend income HKAS 27 Net earned insurance Reclassification 1,998 1,998 premiumsOther operating income 288 134 422 Other operating income HKFRS 5 and reclassificationOperating income 8,073 9,645 Total operating income Net insurance claims Reclassification incurred and movement in policyholder (1,594) (1,594) liabilities Net operating income before loan impairment releases and other credit risk 8,051 allowances Loan impairment releases HKFRS 5 and and other credit risk reclassification 746 746 allowances 8,797 Net operating incomeStaff costs (1,037) (19) (1,056) Personnel expenses HKFRS 2 (795) (795) General and administrative Reclassification expensesDepreciation (153) 27 (126) Depreciation of business HKAS 17 and premises and equipment HKAS 38 Amortisation of intangible HKAS 38 (4) (4) assets (1,981) Total operating expensesOperating expenses (787) 787Operating profit before provisions 6,096Provisions for bad and doubtful debts 763 (763)Operating profit 6,859 6,816 Operating profitProfit on tangible fixed Profit on disposal of HKAS 27 assets and long-term tangible fixed assets investments 339 10 349 and financial investmentsNet surplus on property Net surplus on property HKAS 17 revaluation 119 (28) 91 revaluationShare of profits of Share of profits in Reclassification associated companies 6 (2) 4 associated companiesProfit on ordinary activities before tax 7,323 7,260 Profit before taxTax on profit on ordinary activities (998) 6 (992) Tax expenses HKAS 17Profit on ordinary Profit for the period activities after tax 6,325 6,268Minority interests (80) (80) Profit attributable to minority interestsProfit attributable to Profit attributable to shareholders 6,245 6,188 shareholders Hang Seng Bank and its subsidiaries Appendix 4Consolidated Profit and Loss Account for the period ended 31 December 2004Figures in HK$m Effect of changes in accounting As reported policies Restated Reference Interest income 6,600 (3) 6,597 Interest income HKAS 27Interest expenses (1,621) 4 (1,617) Interest expenses HKAS 27Net interest income 4,979 4,980 Net interest incomeFees and commissions receivable 1,756 (1) 1,755 Fee income HKAS 27Fees and commissions payable (239) (24) (263) Fee expense HKAS 27 1,492 Net fee incomeDealing profits 467 (1) 466 Trading income HKAS 27 - Net income from financial instruments designated as at fair value Net investment income on assets backing policy holder 346 346 liabilities ReclassificationInsurance underwriting profits 693 (693) - ReclassificationDividend income 20 7 27 Dividend income HKAS 27 Net earned insurance Reclassification 2,474 2,474 premiumsOther operating income 304 159 463 Other operating income HKFRS 5 and reclassificationOperating income 7,980 10,248 Total operating income Net insurance claims Reclassification incurred and movement in policyholder (2,246) (2,246) liabilities Net operating income before loan impairment releases and other credit risk 8,033 allowances Loan impairment releases HKFRS 5 and and other credit risk reclassification 31 31 allowances 8,033 Net operating incomeStaff costs (1,150) (28) (1,178) Personnel expenses HKFRS 2 (939) (939) General and administrative Reclassification expensesDepreciation (164) 34 (130) Depreciation of business HKAS 17 and premises and equipment HKAS 38 Amortisation of intangible HKAS 38 (4) (4) assets (2,251) Total operating expensesOperating expenses (932) 932Operating profit before provisions 5,734Provisions for bad and doubtful debts 51 (51)Operating profit 5,785 5,782 Operating profitProfit on tangible fixed Profit on disposal of HKAS 27 assets and long-term tangible fixed assets investments 93 - 93 and financial investmentsNet surplus on property Net surplus on property HKAS 17 revaluation 29 26 55 revaluationShare of profits of Share of profits in Reclassification associated companies 137 (44) 93 associated companiesProfit on ordinary activities before tax 6,044 6,023 Profit before taxTax on profit on ordinary activities (766) 47 (719) Tax expenses HKAS 17Profit on ordinary Profit for the period activities after tax 5,278 5,304Minority interests (128) (128) Profit attributable to minority interestsProfit attributable to Profit attributable to shareholders 5,150 5,176 shareholders Hang Seng Bank and its subsidiaries Appendix 5Consolidated Balance Sheet as at 31 December 2004Figures in HK$m Effect of Restated changes in (HKFRSs accounting other than policies of Restated HKFRS 4 HKFRS 4 (Full and HKAS 39) and HKAS 39 HKFRSs) Reference Assets AssetsCash and short-term Cash and short-term funds 64,845 - 64,845 fundsPlacings with banks Placings with banks maturing after maturing after one month 17,482 - 17,482 one month Trading securities 6,000 10,737 16,737 Trading securities HKAS 39Financial assets Financial assets designated as at designated as at fair value through fair value through profit or loss - 4,292 4,292 profit or loss HKAS 39Derivatives financial Derivatives financial HKAS 39 instruments 1,684 94 1,778 instrumentsAdvances to customers 251,553 293 251,846 Advances to customers HKAS 39Financial investments 182,938 (14,023) 168,915 Financial investments HKAS 39Investments in Investments in associated companies 2,299 - 2,299 associated companiesIntangible assets 1,266 - 1,266 Intangible assetsPremises and equipment 5,558 - 5,558 Premises and equipmentInvestment properties 3,383 - 3,383 Investment properties HKAS 39 and HKFRS 4Other assets 9,980 (297) 9,683 Other assets 546,988 548,084 Liabilities LiabilitiesCurrent, savings and Current, savings and HKAS 39 other deposit accounts 447,460 (7,276) 440,184 other deposit accountsDeposits from banks 11,934 - 11,934 Deposits from banksTrading liabilities 5,840 10,701 16,541 Trading liabilities HKAS 39Derivatives financial Derivatives financial HKAS 39 instruments 1,273 977 2,250 instrumentsCertificates of deposit Certificates of deposit HKAS 39 and other debt and other debt securities in issue 16,055 (3,443) 12,612 securities in issueLiabilities to customers Liabilities to customers HKFRS 4 under investment under investment contracts - 540 540 contractsOther liabilities 20,982 (10,317) 10,665 Other liabilities HKAS 39 and HKFRS 4 Liabilities to customers Liabilities to customers HKFRS 4 under insurance under insurance contracts - 8,656 8,656 contractsDeferred tax and current Deferred tax and current HKAS 39 tax liabilities 1,668 202 1,870 tax liabilities 505,212 505,252 Capital resources Capital resourcesMinority interests 852 (14) 838 Minority interests HKAS 39Share capital 9,559 - 9,559 Share capitalReserves 27,732 1,070 28,802 Reserves HKAS 39 and HKFRS 4Proposed dividends 3,633 - 3,633 Proposed dividendsShareholders' funds 40,924 41,994 Shareholders'funds 41,776 42,832 546,988 548,084 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HSBC Holdings