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Consolidated balance sheet - USD ($)
$ in Millions
Jun. 30, 2018
Jan. 01, 2018
[1]
Dec. 31, 2017
Assets      
Cash and balances at central banks $ 189,842 $ 180,621 $ 180,624
Items in the course of collection from other banks 8,081 6,628 6,628
Hong Kong Government certificates of indebtedness 35,754 34,186 34,186
Trading assets 247,892 254,410 287,995
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 40,678 39,746 29,464
Derivatives 227,972 219,818 219,818
Loans and advances to banks 83,924 82,559 90,393
Loans and advances to customers 973,443 949,737 962,964
Reverse repurchase agreements – non-trading 208,104 201,553 201,553
Financial investments 386,436 383,499 389,076
Prepayments, accrued income and other assets 153,048 114,777 67,191
Current tax assets 1,106 1,006 1,006
Interests in associates and joint ventures 22,572 21,802 22,744
Goodwill and intangible assets 23,722 23,374 23,453
Deferred tax assets 4,740 4,714 4,676
Total assets 2,607,314 2,518,430 2,521,771
Liabilities      
Hong Kong currency notes in circulation 35,754 34,186 34,186
Deposits by banks 64,792 64,492 69,922
Customer accounts 1,356,307 1,360,227 1,364,462
Repurchase agreements – non-trading 158,295 130,002 130,002
Items in the course of transmission to other banks 8,086 6,850 6,850
Trading liabilities [2],[3] 83,845 80,864 184,361
Financial liabilities designated at fair value 151,985 144,006 94,429
Derivatives 222,961 216,821 216,821
Debt securities in issue 81,708 66,536 64,546
Accruals, deferred income and other liabilities 134,774 99,926 45,907
Current tax liabilities 1,609 928 928
Liabilities under insurance contracts 86,918 85,598 85,667
Provisions 4,199 4,295 4,011
Deferred tax liabilities 2,183 1,614 1,982
Subordinated liabilities 22,604 25,861 19,826
Total liabilities 2,416,020 2,322,206 2,323,900
Equity      
Called up share capital 10,159 10,160 10,160
Share premium account 9,774 10,177 10,177
Other equity instruments 20,573 22,250 22,250
Other reserves 2,193 6,643 7,664
Retained earnings 140,908 139,414 139,999
Total shareholders’ equity 183,607 188,644 190,250
Non-controlling interests 7,687 7,580 7,621
Total equity 191,294 196,224 197,871
Total liabilities and equity $ 2,607,314 $ 2,518,430 $ 2,521,771
[1] 9Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 84. 31 December 2017 balances have not been re-presented.
[2] 2Includes structured deposits placed at HSBC Bank USA and HSBC Trust Company (Delaware) National Association. These are insured by the Federal Deposit Insurance Corporation, a US Government agency, up to $250,000 per depositor. Structured deposits are presented in ‘Accruals, deferred income and other liabilities’ from 1 January 2018. Comparatives have not been restated. See note 14 for further detail.
[3] 3 Structured liabilities have moved from ’Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See note 14 for further detail.