Annual Report 2011 - Hong Kong Monetary Authority

Consolidated balance sheet
at 31 December 2011 (in thousands of CHF)
Liabilities
Notes 2011 2010 Change
(in CHF ‘000) (in %)
Liabilities arising from money market paper 18 48 72 (24) (33.3)
Due to banks 18 259,125 245,708 13,417 5.5
Due to customers on savings or deposit accounts 18 7,358 7,737 (379) (4.9)
Other amounts due to customers 11, 18 11,729,780 10,099,216 1,630,564 16.1
Medium-term bank bonds 18 - - - -
Total due to customers 11,737,138 10,106,953 1,630,185 16.1
Loans from central mortgage bond institutions - - - -
Accrued expenses and deferred income 189,215 176,706 12,509 7.1
Other liabilities 12 382,684 384,798 (2,114) (0.5)
Valuation adjustments and provisions 13 65,465 61,148 4,317 7.1
Reserves for general banking risks 13 311,734 294,967 16,767 5.7
Share capital 14 45,000 45,000 - -
Additional paid-in capital and other reserves 93,644 93,220 424 0.5
Retained earnings 15 832,756 769,977 62,779 8.2
Treasury stock (56,016) (56,300) 284 (0.5)
Minority interests in shareholders’ equity 16 29,292 28,565 727 2.5
Consolidated net income 125,064 149,898 (24,834) (16.6)
of which: - minority interests 8,800 14,123 (5,323) (37.7)
Total Group capital and reserves 17 1,381,474 1,325,327 56,147 4.2
Total liabilities 19, 21, 23 14,015,149 12,300,712 1,714,437 13.9
Subordinated liabilities - - - -
Due to non-consolidated holdings and qualifying shareholders 20,663 21,396 (733) (3.4)
Off-balance sheet transactions
Contingent liabilities 4, 20, 24, 25 324,056 308,039 16,017 5.2
Irrevocable liabilities 4 54,688 56,538 (1,850) (3.3)
Liabilities for unpaid share capital and additional capital contributions 4 2,347 2,590 (243) (9.4)
Guarantee loans - - - -
Derivative instruments 26
Positive replacement values 344,719 327,990 16,729 5.1
Negative replacement values 337,189 336,527 662 0.2
Underlying values 22,505,565 22,942,462 (436,897) (1.9)
Fiduciary transactions 27 5,769,088 6,232,861 (463,773) (7.4)
FINANCIAL REPORT CONSOLIDATED ACCOUNTS 71