HSBC 2014 Annual Report Download - page 125

Download and view the complete annual report

Please find page 125 of the 2014 HSBC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 200

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200

HSBC BANK PLC
Notes on the Financial Statements (continued)
123
4 Operating profit
Operating profit is stated after the following items of income, expense, gains and losses, and loan impairment charges and
other credit risk provisions:
2014
2013
£m
£m
Income
Interest recognised on impaired financial assets
70
47
Fees earned on financial assets or liabilities not held for trading nor designated at fair value, other than fees
included in effective interest rate calculations on these types of assets and liabilities
2,822
3,043
Fees earned on trust and other fiduciary activities where the group holds or invests assets on behalf of its
customers
680
703
Expense
Interest on financial instruments, excluding interest on financial liabilities held for trading or designated at
fair value
2,508
2,714
Fees payable on financial assets or liabilities not held for trading nor designated at fair value, other than
fees included in effective interest rate calculations on these types of assets and liabilities
523
511
Fees payable on trust and other fiduciary activities where the group holds or invests assets on behalf of its
customers
1
1
Payments under lease and sublease agreements
174
186
Minimum lease payments
172
184
Contingent rents and sublease payments
2
2
Gains/(losses)
Impairment of available-for-sale equity shares
(26)
(36)
Gains on disposal or settlement of loans and advances
–
3
Gains/(losses) on financial liabilities measured at amortised cost
60
(5)
Losses recognised on assets held for sale
(8)
–
Gains/(losses) on disposal of property, plant and equipment, intangible assets and non-financial
investments
11
(7)
Loan impairment charges and other credit risk provisions
(449)
(971)
Net impairment charge on loans and advances
(647)
(1,102)
Net impairment of available-for-sale debt securities
203
136
Net impairment in respect of other credit risk provisions
(5)
(5)
5 Employee compensation and benefits
Total employee compensation
2014
2013
£m
£m
Wages and salaries
3,357
3,358
Social security costs
468
475
Post-employment benefits
319
5
Year ended 31 December
4,144
3,838
Average number of persons employed by the group during the year
2014
2013
Retail Banking and Wealth Management
29,763
30,991
Commercial Banking
8,717
8,744
Global Banking and Markets
6,795
6,975
Global Private Banking
833
738
Other
21,927
22,376
Year ended 31 December
68,035
69,824