HSBC 2012 Annual Report Download - page 415

413
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Savings-related
share option plans
HSBC Holdings Group
share option plan
HSBC Finance
share option plan
Number
(000s)
WAEP1
£
Number
(000s)
WAEP1
£
Number
(000s)
WAEP1
US$
At 31 December 2011
Exercise price range (£):
3.00 – 4.50 ......................................................................... 117,387 – –
4.51 – 6.00 ......................................................................... 32,778 – –
6.01 – 7.50 ......................................................................... 2,341 115,901 –
7.51 – 9.29 ......................................................................... 959 4,891 2,429
Of which exercisable ............................................................ 3,209 120,792 2,429
Weighted average remaining contractual life (years) .......... 2.04 1.66 0.89
1 Weighted average exercise price.
2 The weighted average fair value of options granted during the year was US$1.63 (2011: US$2.11).
3 The weighted average share price at the date the options were exercised was US$8.78 (2011: US$8.65) and US$9.00 (2011: US$9.51)
for the savings-related share option plans and HSBC Holdings Group share option plan, respectively.
Post-employment benefit plans
Income statement charge
2012 2011 2010
US$m US$m US$m
Defined benefit pension plans .................................................................................... 427 (172) 468
– HSBC Bank (UK) Pension Scheme .................................................................... 169 (428) 308
– other plans ........................................................................................................... 258 256 160
Defined contribution pension plans ........................................................................... 599 626 545
1,026 454 1,013
Defined benefit healthcare plans ................................................................................ 49 32 58
Defined contribution healthcare plans ........................................................................ 3 3 5
1,078 489 1,076
Net assets/(liabilities) recognised on balance sheet in respect of defined benefit plans
2012 2011
US$m US$m
Defined benefit pension plans
HSBC Bank (UK) Pension Scheme ..................................................................................................... 2,617 2,237
– fair value of plan assets ................................................................................................................ 29,092 26,604
– present value of defined benefit obligations ................................................................................ (26,475) (24,367)
Other plans ........................................................................................................................................... (2,585) (2,445)
– fair value of plan assets ................................................................................................................ 9,015 8,232
– present value of defined benefit obligations ................................................................................ (11,600) (10,680)
– effect of limit on plan surpluses ................................................................................................... (19) (18)
– unrecognised past service cost ..................................................................................................... 19 21
Total ...................................................................................................................................................... 32 (208)
Defined benefit healthcare plans
– fair value of plan assets .................................................................................................................... 189 151
– present value of defined benefit obligations .................................................................................... (1,261) (1,091)
– unrecognised past service cost ......................................................................................................... (19) (21)
Total ...................................................................................................................................................... (1,091) (961)
Fair value of plan assets ........................................................................................................................... 38,296 34,987
Present value of defined benefit obligations ............................................................................................ (39,336) (36,138)
Effect of limit on plan surpluses ............................................................................................................... (19) (18)
(1,059) (1,169)
Retirement benefit liabilities .................................................................................................................... (3,905) (3,666)
Retirement benefit assets .......................................................................................................................... 2,846 2,497