Group Financial Position
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Total assets |
10,685,521 |
9,740,828 |
944,693 |
9.7% |
|
Loans and advances to customers and other parties |
5,809,296 |
5,206,155 |
603,141 |
12% |
|
Investments in financial assets |
2,906,862 |
2,553,067 |
353,795 |
14% |
|
Cash and deposits |
720,235 |
755,386 |
(35,151) |
(4.7%) |
|
Placement with banks and non-bank financial institutions |
173,754 |
198,513 |
(24,759) |
(12%) |
|
Trade and other receivables |
172,837 |
169,723 |
3,114 |
1.8% |
|
Fixed assets |
177,306 |
167,840 |
9,466 |
5.6% |
|
Total liabilities |
9,519,931 |
8,732,186 |
787,745 |
9.0% |
|
Deposits from customers |
5,852,701 |
5,427,694 |
425,007 |
7.8% |
|
Deposits from banks and non-bank financial institutions |
1,422,328 |
1,370,439 |
51,889 |
3.8% |
|
Debt instruments issued |
1,250,325 |
973,858 |
276,467 |
28% |
|
Borrowing from central banks |
231,479 |
266,611 |
(35,132) |
(13%) |
|
Bank and other loans |
145,362 |
163,604 |
(18,242) |
(11%) |
|
Trade and other payables |
184,939 |
160,943 |
23,996 |
15% |
|
Total ordinary shareholders’ funds |
751,407 |
674,276 |
77,131 |
11% |
Total assets
Total assets increased from HK$9,740,828 million as at 31 December 2020 to HK$10,685,521 million as at 31 December 2021, mainly attributable to an increase in loans and advances to customers and other parties as well as Investments in financial assets.
By geography
Loans and advances to customers and other parties
As at 31 December 2021, the loans and advances to customers and other parties of the Group was HK$5,809,296 million, an increase of HK$603,141 million or 12% compared to 31 December 2020. The proportion of loans and advances to customers and other parties to total assets was 54.37%, an increase of 0.92 percentage point compared to 31 December 2020.
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Corporate loans |
2,807,040 |
2,595,572 |
211,468 |
8.1% |
|
Discounted bills |
5,532 |
7,947 |
(2,415) |
(30%) |
|
Personal loans |
2,523,024 |
2,246,396 |
276,628 |
12% |
|
Accrued interest |
16,181 |
15,182 |
999 |
6.6% |
|
Total loans and advances to customers and other parties measured at amortised cost |
5,351,777 |
4,865,097 |
486,680 |
10% |
|
Impairment allowances |
(154,269) |
(156,218) |
1,949 |
1.2% |
|
Carrying amount of loans and advances to customers and other parties measured at amortised cost |
5,197,508 |
4,708,879 |
488,629 |
10% |
|
Loans and advances to customers and other parties at fair value through profit or loss |
||||
|
Personal loans |
– |
8,465 |
(8,465) |
(100%) |
|
Loans and advances to customers and other parties measured at fair value through other comprehensive income |
||||
|
Corporate loans |
47,210 |
3,203 |
44,007 |
1374% |
|
Discounted bills |
564,578 |
485,608 |
78,970 |
16% |
|
Carrying amount of loans and advances to customers and other parties measured at fair value through other comprehensive income |
611,788 |
488,811 |
122,977 |
25% |
|
Net loans and advances to customers and other parties |
5,809,296 |
5,206,155 |
603,141 |
12% |
Investments in financial assets
As at 31 December 2021, the Investments in financial assets of the Group was HK$2,906,862 million, an increase of HK$353,795 million, increased 14% compared with 31 December 2020. The proportion of Investments in financial assets to total assets was 27.20%, an increase of 0.99 percentage point compared with 31 December 2020.
(a) Analysed by types
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Investment management products managed by securities companies |
72,824 |
128,035 |
(55,211) |
(43%) |
|
Investment funds |
518,277 |
368,171 |
150,106 |
41% |
|
Trust investment plans |
295,570 |
235,803 |
59,767 |
25% |
|
Certificates of deposit and certificates of interbank deposit |
44,601 |
70,127 |
(25,526) |
(36%) |
|
Equity investment |
27,163 |
26,185 |
978 |
3.7% |
|
Wealth management products |
2,677 |
6,532 |
(3,855) |
(59%) |
|
Investments in creditor’s rights on assets |
– |
96 |
(96) |
(100%) |
|
Others |
1,106 |
2,109 |
(1,003) |
(48%) |
|
Subtotal |
2,924,857 |
2,550,561 |
374,296 |
15% |
|
Accrued interest |
18,760 |
19,968 |
(1,208) |
(6.0%) |
|
Less: allowance for impairment losses |
(36,755) |
(17,462) |
(19,293) |
(110%) |
|
Total |
2,906,862 |
2,553,067 |
353,795 |
14% |
(b) Analysed by measurement attribution
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Financial assets at FVPL |
667,206 |
528,293 |
138,913 |
26% |
|
Debt investments at FVOCI |
793,188 |
860,255 |
(67,067) |
(7.8%) |
|
Equity investments at FVOCI |
10,645 |
8,023 |
2,622 |
33% |
|
Total |
2,906,862 |
2,553,067 |
353,795 |
14% |
Deposits from customers
As at 31 December 2021, deposits from customers of the financial institutions under the Group were HK$5,852,701 million, an increase of HK$425,007 million or 7.8% compared to 31 December 2020. The proportion of deposits from customers to total liabilities was 61.48%, an decrease of 0.68 percentage point compared to 31 December 2020.
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Time deposits |
2,183,893 |
1,991,042 |
192,851 |
10% |
|
Demand deposits |
2,401,056 |
2,258,627 |
142,429 |
6.3% |
|
Subtotal |
4,584,949 |
4,249,669 |
335,280 |
7.9% |
|
Personal deposits |
||||
|
Time deposits |
809,998 |
726,173 |
83,825 |
12% |
|
Demand deposits |
379,224 |
388,658 |
(9,434) |
(2.4%) |
|
Subtotal |
1,189,222 |
1,114,831 |
74,391 |
6.7% |
|
Outward remittance and remittance payables |
13,062 |
10,763 |
2,299 |
21% |
|
Accrued interest |
65,468 |
52,431 |
13,037 |
25% |
|
Total |
5,852,701 |
5,427,694 |
425,007 |
7.8% |
Bank and other loans
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Advanced intelligent manufacturing |
15,823 |
15,867 |
(44) |
(0.3%) |
|
Advanced materials |
58,887 |
53,753 |
5,134 |
9.6% |
|
New consumption |
5,966 |
10,301 |
(4,335) |
(42%) |
|
New-type urbanisation |
46,938 |
39,217 |
7,721 |
20% |
|
Operation management |
90,837 |
82,529 |
8,308 |
10% |
|
Elimination |
(78,411) |
(40,878) |
(37,533) |
(92%) |
|
Subtotal |
144,905 |
163,171 |
(18,266) |
(11%) |
|
Accrued interest |
457 |
433 |
24 |
5.5% |
|
Total |
145,362 |
163,604 |
(18,242) |
(11%) |
Debt instruments issued
|
|
As at 31 December |
As at 31 December |
Increase/(Decrease) |
|
|---|---|---|---|---|
|
HK$ million |
2021 |
2020 |
Amount |
% |
|
Advanced intelligent manufacturing |
– |
– |
– |
– |
|
Advanced materials |
489 |
772 |
(283) |
(37%) |
|
New consumption |
3,500 |
3,496 |
4 |
0.1% |
|
New-type urbanisation |
372 |
360 |
12 |
3.3% |
|
Operation management |
104,713 |
121,736 |
(17,023) |
(14%) |
|
Elimination |
(32,237) |
(30,567) |
(1,670) |
(5.5%) |
|
Subtotal |
1,244,706 |
968,531 |
276,175 |
29% |
|
Accrued interest |
5,619 |
5,327 |
292 |
5.5% |
|
Total |
1,250,325 |
973,858 |
276,467 |
28% |
Total ordinary shareholders’ funds
As at 31 December 2021, total ordinary shareholders’ funds of the Group amounted to HK$751,407 million, an increase of HK$77,131 million as compared with 31 December 2020. This was mainly attributable to the growth in net profits.
