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Group Financial Position

 

 

 

Increase/(Decrease)

 

HK$ million

As at 31 December

 2018

As at 31 December 2017

 

Amount

%

Note to the Financial

Statements

Total assets

7,660,713

7,520,739

139,974

1.90%

  

Loans and advances to customers and other parties

4,024,401

3,721,886

302,515

8.10%

28

Investments in financial assets

1,884,427

N/A

N/A

N/A

29

Available-for-sale financial assets

N/A

807,912

N/A

N/A

  

Investments classified as receivables

N/A

644,789

N/A

N/A

  

Held-to-maturity investments

N/A

261,654

N/A

N/A

  

Cash and deposits

832,968

924,584

(91,616)

(10%)

20

Placements with banks and non-bank financial institutions

200,030

205,346

(5,316)

(2.60%)

21

Fixed assets

189,647

196,047

(6,400)

(3.30%)

36

Total liabilities

6,850,053

6,727,098

122,955

1.80%

  

Deposits from customers

4,159,924

4,056,158

103,766

2.60%

44

Deposits from banks and non- bank financial institutions

888,966

954,638

(65,672)

(6.90%)

40

Debt instruments issued

745,031

653,371

91,660

14%

46

Borrowing from central banks

327,629

284,818

42,811

15%

  

Trade and other payables

171,093

226,110

(55,017)

(24%)

42

Bank and other loans

156,678

142,442

14,236

10%

45

Total ordinary shareholders’ funds and perpetual capital securities

558,545

550,951

7,594

1.40%

  
Total assets

Total assets increased from HK$7,520,739 million as at 31 December 2017 to HK$7,660,713 million as at 31 December 2018, mainly attributable to an increase in loans and advances to customers and other parties.

Loans and advances to customers and other parties

As at 31 December 2018, loans and advances to customers and other parties of the Group amounted to HK$4,024,401 million, an increase of HK$302,515 million, or 8.1%, as compared with 31 December 2017. The proportion of loans and advances to customers and other parties to total assets was 52.53%, an increase of 3.04 percentage points as compared with 31 December 2017.

 

 

 

Increase/(Decrease)

HK$ million

As at 31 December

2018

As at 31 December

2017

 

Amount

 

%

Loans and advances to customers and other parties measured at amortised cost

        

Corporate loans

2,160,645

2,231,671

(71,026)

(3.20%)

Discounted bills

169,204

130,190

39,014

30%

Personal loans

1,694,236

1,473,346

220,890

15%

Accrued interest

10,016

N/A

N/A

N/A

Total loans and advances to customers and

        

other parties measured at amortised cost

4,034,101

3,835,207

198,894

5.20%

Impairment allowances

(119,857)

(113,321)

(6,536)

(5.80%)

Carrying amount of loans and advances to customers and other parties measured at amortised cost

3,914,244

3,721,886

192,358

5.20%

Loans and advances to customers and other parties measured at fair value through other comprehensive income

        

Corporate loans

156

N/A

N/A

N/A

Discounted bills

110,001

N/A

N/A

N/A

Carrying amount of loans and advances to customers and other parties measured at fair value through other comprehensive income

110,157

N/A

N/A

N/A

Net loans and advances to customers and other parties

4,024,401

3,721,886

302,515

8.10%
Deposits from customers

As at 31 December 2018, deposits from customers of the Group’s financial institutions were HK$4,159,924 million, an increase of HK$103,766 million, or 2.6%, as compared with 31 December 2017. The proportion of deposits from customers to total liabilities was 60.73%, an increase of 0.43 percentage point as compared with 31 December 2017.

 

 

 

Increase/(Decrease)

HK$ million

As at 31

December 2018

As at 31

December 2017

Amount

%

Corporate deposits

        

Time and call deposits

1,577,529

1,463,098

114,431

7.80%

Demand deposits

1,725,834

1,947,517

(221,683)

(11)

Subtotal

3,303,363

3,410,615

(107,252)

(3.10%)

Personal deposits

        

Time and call deposits

513,066

357,069

155,997

44%

Demand deposits

300,114

281,084

19,030

6.80%

Subtotal

813,180

638,153

175,027

27%

Outward remittance and

remittance payables

5,504

7,390

(1,886)

(26%)

Accrued interest

37,877

N/A

N/A

N/A
Total 4,159,924 4,056,158 103,766 2.60%
Bank and other loans

 

 

 

Increase/(Decrease)

HK$ million

As at 31 December 2018

As at 31 December 2017

Amount

%

Financial services

5,898

7,176

(1,278)

(18%)

Resources and energy

40,885

43,900

(3,015)

(6.90%)

Manufacturing

31,923

28,130

3,793

13%

Engineering contracting

2,657

1,267

1,390

110%

Real estate

9,402

7,898

1,504

19%

Others

34,825

41,934

(7,109)

(17%)

Operation management

67,778

34,605

33,173

96%

Elimination

(37,778)

(22,468)

(15,310)

(68%)

Subtotal

155,590

142,442

13,148

9.20%

Accrued interest

1,088

N/A

N/A

N/A

Total

156,678

142,442

14,236

10%
Debt instruments issued

 

 

 

Increase/(Decrease)

HK$ million

As at 31 December 2018

As at 31 December 2017

Amount

%

Financial services

628,169

529,238

98,931

19%

Resources and energy

–

598

(598)

(100%)

Manufacturing

144

2,632

(2,488)

(95%)

Engineering contracting

–

–

–

–

Real estate

–

–

–

–

Others

3,849

5,175

(1,326)

(26%)

Operation management

106,561

115,728

(9,167)

(7.90%)

Elimination

–

–

–

–

Subtotal

738,723

653,371

85,352

13%

Accrued interest

6,308

N/A

N/A

N/A

Total

745,031

653,371

91,660

14%
Total ordinary shareholders’ funds and perpetual capital securities

As at 31 December 2018, total ordinary shareholders’ funds and perpetual capital securities of the Group amounted to HK$558,545 million, an increase of HK$7,594 million as compared with 31 December 2017. This was mainly attributable to the growth in net profits, offset by dividend payments and redemption of perpetual capital securities with a nominal value of USD1 billion (equivalent to HK$7.8 billion).