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HSBC BANK PLC
Notes on the Financial Statements (continued)
134
The bank
Retirement
benefits
Loan
impairment
allowances
Unused tax
losses
Property,
plant and
equipment
Share-
based
payments
Goodwill
and
intangibles
Other
Total
£m
£m
£m
£m
£m
£m
£m
£m
Assets
–
11
–
176
42
87
17
333
Liabilities
(246)
–
–
–
–
–
(1)
(247)
At 1 January
(246)
11
–
176
42
87
16
86
Income statement
(30)
(11)
18
(13)
(6)
11
(20)
(51)
Other comprehensive income
(338)
–
–
–
–
–
(27)
(365)
Equity
–
–
–
–
(9)
–
–
(9)
Foreign exchange and other
–
–
–
–
–
–
(1)
(1)
At 31 December
(614)
-
18
163
27
98
(32)
(340)
Assets
–
–
18
163
27
98
–
306
Liabilities
(614)
–
–
–
–
–
(32)
(646)
2013
Assets
–
18
280
105
62
38
23
526
Liabilities
(274)
–
–
–
–
–
(50)
(324)
At 1 January
(274)
18
280
105
62
38
(27)
202
Income statement
(220)
(7)
(285)
71
(11)
48
(7)
(411)
Other comprehensive income:
250
–
–
–
–
–
52
302
Equity
–
–
–
–
(9)
–
–
(9)
Foreign exchange and other
(2)
–
5
–
–
1
(2)
2
At 31 December
(246)
11
–
176
42
87
16
86
Assets
–
11
–
176
42
87
17
333
Liabilities
(246)
–
–
–
–
–
(1)
(247)
After netting off balances within countries, the balances as disclosed in the accounts are as follows:
The Group
The Bank
2014
2013
2014
2013
£m
£m
£m
£m
Deferred tax assets
176
222
5
88
Deferred tax liabilities
(364)
(24)
(345)
(2)
(188)
198
(340)
86
For the group, a deferred tax asset of £298 million (2013: £246 million) has not been recognised on the balance sheet for
temporary timing differences in respect of losses and unused foreign tax credits where the recoverability of potential
benefits is not considered likely.
For the bank, a deferred tax asset of £43 million (2013: £nil) has not been recognised on the balance sheet.
Deferred tax is not recognised in respect of the group’s investments in subsidiaries and branches, where remittance is or
other realisation is not probable, and for associates and interests in joint ventures where it has been determined that no
additional tax will arise. No amount is disclosed for the unrecognised deferred tax for the 2014 and 2013 temporary
differences associated with such investments as it is impracticable to determine the amount of income taxes that would
be payable when any temporary differences reverse.
9 Dividends
Dividends to shareholders of the parent company were as follows:
2014
2013
Dividends declared on ordinary shares
£ per share
£m
£ per share
£m
Second interim dividend in respect of the previous year
0.79
630
–
–
Third interim dividend in respect of the previous year
–
–
1.76
1,400
First interim dividend in respect of the current year
0.75
600
0.71
570
1.54
1,230
2.47
1,970
2014
2013
Dividends on preference shares classified as equity
£ per share
£m
£ per share
£m
Dividend on HSBC Bank plc non
-cumulative
third dollar preference shares
1.16
41
1.16
41
1.16
41
1.16
41
A second interim dividend for 2014 of £315 million to shareholders of the parent company was declared by the Directors
after 31 December 2014 (Note 39). The total dividend declared on ordinary shares in respect of 2014 was £915 million
(2013: £1,200 million).