HSBC 2015 Annual Report Download - page 3

We’ve changed how
we are reporting this year
We have changed our Strategic
Report to make the information
more accessible. We provide
signposts when further information
can be found either elsewhere in
the Annual Report and Accounts or
on our website, www.hsbc.com.
Additional information
Additional information, including
commentary on 2014 compared
with 2013, may be found in the
Form 20-F. It is filed with the
US Securities and Exchange
Commission (‘SEC’) and is available
on www.hsbc.com and www.sec.gov.
Strategic Report
An overview of how we are structured,
what we do and where, our strategic actions,
the principal risks we face, and high-level
performance information. The section is
introduced by both the Group Chairman and
Group Chief Executive, and also explains the
role of the Board.
This Strategic Report was approved
by the Board on 22 February 2016.
Douglas Flint, Group Chairman
Financial Review
Detailed reporting of our financial
performance, at Group level as well
as within our matrix structure. It also
includes our full risk report and reporting
on how we manage capital.
Corporate Governance
Details of our Board of Directors and senior
management, and our approach to
corporate governance and remuneration.
Financial Statements
Our financial statements and related
notes and reports.
Other Information
Important information for our shareholders,
including contact information. Like any
industry and company, we have our set of
abbreviations and terminology. Accordingly,
we provide an explanation of the abbreviations
used and a glossary of key terms.
02 HSBC at a glance
04 Who we are
06 Group Chairman’s Statement
10 Group Chief Executive’s Review
12 Our strategy
14 Value of the network
16 Delivering our network to customers
18 Strategic actions
20 Progress on selected strategic actions
22 Financial overview
28 Global businesses
32 Regions
34 How we do business
39 Our approach to tax
40 Our conduct
42 Risk overview
44 Remuneration
47 Detailed financial performance
– 48 Financial summary
– 65 Global businesses
– 76 Geographical regions
101 Risk
227 Capital
249 Corporate Governance Report
249 Biographies of Directors and
senior management
256 Board of Directors
262 Board committees
275 Internal control
277 Going concern and viability
278 Employees
285 Directors’ Remuneration Report
322 Directors’ Responsibility Statement
323 Report of the Independent Auditors
336 Financial Statements
347 Notes on the Financial Statements
470 Shareholder information
478 Forward-looking statements
and Certain defined terms
479 Abbreviations
483 Glossary
491 Index
As a reminder
Reporting currency
We use US dollars.
Adjusted measures
We supplement our IFRSs figures
with adjusted measures used by
management internally. These
measures are highlighted with the
following symbol:
Further explanation may
be found on page 48.
Cover image:
Tsing Ma Bridge carries road and rail
traffic to Hong Kong International Airport
and accommodates large container ships.
At HSBC, we help customers across the world
to trade and invest internationally.
Strategic ReportFinancial Review Corporate Governance Financial Statements Shareholder Information
HSBC HOLDINGS PLC
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