Hang Seng Bank Interim 05 Pt5

HSBC Holdings PLC 01 August 2005 Hang Seng Bank and its subsidiaries Appendix 1 Consolidated Balance Sheet as at 30 June 2004 Figures in HK$m Effect of changes in accounting As reported policies Restated Reference Assets Assets Cash 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 deposit Securities held for dealing purposes 1,180 2,773 3,953 Trading securities HKAS 27 Derivative financial Reclassification 1,209 1,209 instruments Advances to customers 246,779 (385) 246,394 Advances to customers HKFRS 5 Amounts due from immediate holding company and fellow subsidiary companies 5,777 (5,777) - Reclassification Long-term investments 120,997 41,121 162,118 Financial investments HKAS 27 Investments in Investments in HKAS-Int 21 associated companies 2,183 (80) 2,103 associated companies 1,146 1,146 Intangible assets Reclassification Tangible fixed assets 11,056 (5,779) 5,277 Premises and equipment HKAS 17 3,260 3,260 Investment properties Reclassification Other assets 16,788 (7,222) 9,566 Other assets HKFRS 5, HKAS 19, HKAS 17 and HKAS 27 503,929 502,558 Liabilities Liabilities Current, savings and Current, savings and HKAS 27 other deposit accounts 428,370 (9,732) 418,638 other deposit accounts Deposits 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) - Reclassification Other 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 resources Minority interests 724 - 724 Minority interests Share capital 9,559 - 9,559 Share capital Reserves 29,683 (2,003) 27,680 Reserves HKAS 19, HKAS 40, HKAS 17, HKAS 27, HKFRS 2 and HKAS-Int 21 Proposed dividends 2,103 - 2,103 Proposed dividends Shareholders' funds 41,345 39,342 Shareholders' funds 42,069 40,066 503,929 502,558 Hang Seng Bank and its subsidiaries Appendix 2 Consolidated Balance Sheet as at 31 December 2004 Figures in HK$m Effect of changes in accounting As reported policies Restated Reference Assets Assets Cash 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 deposit Securities held for dealing purposes 1,866 4,134 6,000 Trading securities HKAS 27 Derivative financial Reclassification 1,684 1,684 instruments Advances to customers 251,873 (320) 251,553 Advances to customers HKFRS 5 Amounts due from immediate holding company and fellow subsidiary companies 4,598 (4,598) - Reclassification Long-term investments 138,025 44,913 182,938 Financial investments HKAS 27 Investments in Investments in HKAS-Int 21 associated companies 2,397 (98) 2,299 associated companies 1,266 1,266 Intangible assets Reclassification Tangible fixed assets 11,469 (5,911) 5,558 Premises and equipment HKAS 17 3,383 3,383 Investment properties Reclassification Other assets 20,378 (10,398) 9,980 Other assets HKFRS 5, HKAS 19, HKAS 17 and HKAS 27 548,625 546,988 Liabilities Liabilities Current, savings and Current, savings and HKAS 27 other deposit accounts 463,416 (15,956) 447,460 other deposit accounts Deposits 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 issue Amounts due to immediate holding company and fellow subsidiary companies 3,928 (3,928) - Reclassification Other 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 resources Minority interests 852 - 852 Minority interests Share capital 9,559 - 9,559 Share capital Reserves 29,993 (2,261) 27,732 Reserves HKAS 19, HKAS 40, HKAS 17, HKAS 27, HKFRS 2 and HKAS-Int 21 Proposed dividends 3,633 - 3,633 Proposed dividends Shareholders' funds 43,185 40,924 Shareholders' funds 44,037 41,776 548,625 546,988 Hang Seng Bank and its subsidiaries Appendix 3 Consolidated Profit and Loss Account for the period ended 30 June 2004 Figures in HK$m Effect of changes in accounting As reported policies Restated Reference Interest income 5,871 4 5,875 Interest income HKAS 27 Interest expenses (1,160) (1,160) Interest expenses Net interest income 4,711 4 4,715 Net interest income Fees and commissions receivable 1,993 (19) 1,974 Fee income HKAS 27 Fees and commissions payable (170) 17 (153) Fee expense HKAS 27 1,821 Net fee income Dealing 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 Reclassification Insurance underwriting profits 617 (617) - Reclassification Dividend income 76 (28) 48 Dividend income HKAS 27 Net earned insurance Reclassification 1,998 1,998 premiums Other operating income 288 134 422 Other operating income HKFRS 5 and reclassification Operating 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 income Staff costs (1,037) (19) (1,056) Personnel expenses HKFRS 2 (795) (795) General and administrative Reclassification expenses Depreciation (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 expenses Operating expenses (787) 787 Operating profit before provisions 6,096 Provisions for bad and doubtful debts 763 (763) Operating profit 6,859 6,816 Operating profit Profit on tangible fixed Profit on disposal of HKAS 27 assets and long-term tangible fixed assets investments 339 10 349 and financial investments Net surplus on property Net surplus on property HKAS 17 revaluation 119 (28) 91 revaluation Share of profits of Share of profits in Reclassification associated companies 6 (2) 4 associated companies Profit on ordinary activities before tax 7,323 7,260 Profit before tax Tax on profit on ordinary activities (998) 6 (992) Tax expenses HKAS 17 Profit on ordinary Profit for the period activities after tax 6,325 6,268 Minority interests (80) (80) Profit attributable to minority interests Profit attributable to Profit attributable to shareholders 6,245 6,188 shareholders Hang Seng Bank and its subsidiaries Appendix 4 Consolidated Profit and Loss Account for the period ended 31 December 2004 Figures in HK$m Effect of changes in accounting As reported policies Restated Reference Interest income 6,600 (3) 6,597 Interest income HKAS 27 Interest expenses (1,621) 4 (1,617) Interest expenses HKAS 27 Net interest income 4,979 4,980 Net interest income Fees and commissions receivable 1,756 (1) 1,755 Fee income HKAS 27 Fees and commissions payable (239) (24) (263) Fee expense HKAS 27 1,492 Net fee income Dealing 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 Reclassification Insurance underwriting profits 693 (693) - Reclassification Dividend income 20 7 27 Dividend income HKAS 27 Net earned insurance Reclassification 2,474 2,474 premiums Other operating income 304 159 463 Other operating income HKFRS 5 and reclassification Operating 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 income Staff costs (1,150) (28) (1,178) Personnel expenses HKFRS 2 (939) (939) General and administrative Reclassification expenses Depreciation (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 expenses Operating expenses (932) 932 Operating profit before provisions 5,734 Provisions for bad and doubtful debts 51 (51) Operating profit 5,785 5,782 Operating profit Profit on tangible fixed Profit on disposal of HKAS 27 assets and long-term tangible fixed assets investments 93 - 93 and financial investments Net surplus on property Net surplus on property HKAS 17 revaluation 29 26 55 revaluation Share of profits of Share of profits in Reclassification associated companies 137 (44) 93 associated companies Profit on ordinary activities before tax 6,044 6,023 Profit before tax Tax on profit on ordinary activities (766) 47 (719) Tax expenses HKAS 17 Profit on ordinary Profit for the period activities after tax 5,278 5,304 Minority interests (128) (128) Profit attributable to minority interests Profit attributable to Profit attributable to shareholders 5,150 5,176 shareholders Hang Seng Bank and its subsidiaries Appendix 5 Consolidated Balance Sheet as at 31 December 2004 Figures 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 Assets Cash and short-term Cash and short-term funds 64,845 - 64,845 funds Placings 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 39 Financial 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 39 Derivatives financial Derivatives financial HKAS 39 instruments 1,684 94 1,778 instruments Advances to customers 251,553 293 251,846 Advances to customers HKAS 39 Financial investments 182,938 (14,023) 168,915 Financial investments HKAS 39 Investments in Investments in associated companies 2,299 - 2,299 associated companies Intangible assets 1,266 - 1,266 Intangible assets Premises and equipment 5,558 - 5,558 Premises and equipment Investment properties 3,383 - 3,383 Investment properties HKAS 39 and HKFRS 4 Other assets 9,980 (297) 9,683 Other assets 546,988 548,084 Liabilities Liabilities Current, savings and Current, savings and HKAS 39 other deposit accounts 447,460 (7,276) 440,184 other deposit accounts Deposits from banks 11,934 - 11,934 Deposits from banks Trading liabilities 5,840 10,701 16,541 Trading liabilities HKAS 39 Derivatives financial Derivatives financial HKAS 39 instruments 1,273 977 2,250 instruments Certificates of deposit Certificates of deposit HKAS 39 and other debt and other debt securities in issue 16,055 (3,443) 12,612 securities in issue Liabilities to customers Liabilities to customers HKFRS 4 under investment under investment contracts - 540 540 contracts Other 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 contracts Deferred 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 resources Minority interests 852 (14) 838 Minority interests HKAS 39 Share capital 9,559 - 9,559 Share capital Reserves 27,732 1,070 28,802 Reserves HKAS 39 and HKFRS 4 Proposed dividends 3,633 - 3,633 Proposed dividends Shareholders' 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 Exchange

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