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External sources (not reviewed)

The impact on cash caused by the fluctuation of exchange rates is presented as a separate line item in the cash flow statement.

The Group manages its foreign exchange risk by using external forward currency contracts where appropriate.

The following table demonstrates the sensitivity at the balance sheet date to a reasonably possible change in the US$ exchange rate, with all other variables held constant, of the Group’s profit before tax (due to change in the fair value of monetary assets and liabilities) and the Group’s owners’ equity.

4.1.18 To report any significant actual, suspected or alleged fraud (involving misconduct or unethical behaviour related to financial reporting) or misrepresentation of assets, which has not been included in a report submitted by Management to the Committee, to the HSBC Group Chief Risk Officer and HSBC Group Finance Director.

The earlier paper included detailed accounts of Hamas’s incessant mortar and rocket attacks on Israel’s civilians (some 12,000 such attacks in the 8 years prior to the Operation) and the steadily increasing range of such attacks; Hamas’s suicide bomb attacks; and Hamas’s smuggling of weaponry and ammunition through tunnels under the Egyptian-Gaza border, as well as Israel’s attempts to address these threats through non-military means, including diplomatic overtures and urgent appeals to the United Nations.

[...] [...] carriers and mortars, the unserviceability [...] [...]

Translation difference on non-monetary items, such as equities classified as available-for-sale financial assets, are included in the fair value reserve in equity.

[...] [...] an indelible mark on the victims, and on their families as well.

The security situation is increasingly grave and urgent in light of the escalation that Syria has witnessed in the past few days — the ongoing acts of violence, the shelling and firing and counter-shelling and counter-firing that have felled many innocent civilians in the Syrian Government’s clear resort to an escalation of the so-called security option, in complete contradiction of the commitments it took on in the Arab plan of action as well as in the protocol signed by the Syrian Arab Republic and the League of Arab States on 19 December 2011, on the mandate of the League’s observer mission in Syria.

[...] [...] weapons in Nyamunyoni, including 75 mm cannon rounds, 12.7 mm ammunition and 107 [...]

Although the physical injuries sustained can heal up, emotional harms can never be mended and they may leave permanent scars.

4.1.12 To review and discuss the adequacy of resources, qualifications and experience of staff of the Bank’s accounting and financial reporting function, their training programmes and budget and succession planning for key roles throughout the function.

These circumstances may include whether the owner has taken steps to engage a responsible property developer to co-ordinate and supervise the whole development process, whether the owner has given clear and correct instructions to the property developer, whether the owner has put in place any checking and reporting mechanism with the property developer to ensure compliance with those instructions, and whether the owner has any reason otherwise to believe that the instructions would not be complied with.

The Board provides written principles for overall risk management, as well as written policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and cash management.

The Company will closely monitor the foreign exchange exposure and its impact on the Group.

Exchange differences arising on the retranslation of non-monetary items carried at fair value are included in profit or loss for the period except for differences arising on the retranslation of non-monetary items in respect of which gains and losses are recognised directly in equity, in which cases, the exchange differences are also recognised directly in equity.

(iii) pursuant to an ordinary resolution of the Members passed at the SGM, the Company will allot and issue 843,500,000 new shares of HK$0.10 each of the Company at an issue price of HK$0.10 each as the Consideration Shares upon the completion of the acquisition of the Colour Asia Share and assignment of the Colour Asia Loan.

[...] [...] an indelible mark, often in terms [...] [...]

DMC is a non-profit-making entity owned and operated by six lending institutions participating in the Scheme, namely, The Hong Kong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, The Bank of East Asia, Limited, Citibank, N.A., DBS Bank (Hong Kong) Limited and Standard Chartered Bank to help the Government recover the loans.

Effective risk management depends on, among other things, our ability through stress testing and other techniques to prepare for events that cannot be captured by the statistical models we use; and our success in addressing operational, legal and regulatory, and litigation challenges, notably the ultimate resolution of the AML, BSA and OFAC investigations.

The audit committee reviewed with the senior management and auditors of the Company the accounting policies and practices adopted by the Group and discussed auditing, the internal control system and financial reporting matters.

Under the Mainland China’s Foreign Exchange Control Regulations and Administration of Settlement, Sale and Payment of Foreign Exchange Regulations, the Company is permitted to exchange RMB for foreign currencies through banks authorised to conduct foreign exchange business.

changes in general economic conditions in the markets in which we operate, such as continuing or deepening recessions and fluctuations in employment beyond those factored into consensus forecasts; changes in foreign exchange rates and interest rates; volatility in equity markets; lack of liquidity in wholesale funding markets; illiquidity and downward price pressure in national real estate markets; adverse changes in central banks’ policies with respect to the provision of liquidity support to financial markets; heightened market concerns over sovereign creditworthiness in over-indebted countries; adverse changes in the funding status of public or private defined benefit pensions; and consumer perception as to the continuing availability of credit and price competition in the market segments we serve

[...] movement had left a mark on me and created [...] [...]

The Fund was formerly known as Polaris Emerging Economies Fund and Kingsway Emerging Economies Fund before 1st August 2001 and 1st August 2007 respectively and was changed to its present name with effect from 1st August 2007.

The Audit Committee has reviewed with management the Group’s results for the Period, the accounting polices and practices adopted by the Group and discussed internal controls and financial reporting matters including a review of the Interim Accounts.

Reference is made to the joint announcement made by Swire Pacific Limited, Cathay Pacific Airways Limited and Hong Kong Aircraft Engineering Company Limited dated 7th June 2010 in respect of the mandatory unconditional cash offer by Asia Pacific Advisers Limited and The Hongkong and Shanghai Banking Corporation Limited on behalf of Swire Pacific to acquire all of the issued shares in the capital of HAECO not already owned by Swire Pacific or its subsidiaries and the composite offer and response document jointly issued by Swire Pacific and HAECO in relation to the Offer dated 28th June 2010 (the “Composite Document”).