HSBC 2014 Annual Report Download - page 194
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HSBC BANK PLC
Notes on the Financial Statements (continued)
192
413 of the Companies Act 2006. Under the Companies Act there is no requirement to disclose transactions with the Key
Management Personnel of the bank’s parent company, HSBC Holdings plc.
The table below sets out transactions which fall to be disclosed under section 413 of Companies Act 2006.
The group
Balance at
31 December 2014
Balance at
31 December 2013
£000
£000
Directors
Loans
12,975
3,493
Credit cards
61
57
No guarantees were issued in favour of Directors during 2014 (2013: nil).
(b) Transactions with other related parties
Associates and joint ventures
The group
2014
2013
Highest balance
during the year1
Balance at
31 December1
Highest balance
during the year1
Balance at
31 December1
£m
£m
£m
£m
Amounts due from joint ventures – unsubordinated
132
132
182
182
Amounts due to joint ventures
–
–
4
4
1 The disclosure of the year-end balance and the highest balance during the year is considered the most meaningful information to represent
transactions during the year.
The bank
2014
2013
Highest balance
during the year1
Balance at
31 December1
Highest balance
during the year1
Balance at
31 December1
£m
£m
£m
£m
Amounts due from joint ventures – unsubordinated
132
132
182
182
Amounts due to joint ventures
–
–
4
4
1 The disclosure of the year-end balance and the highest balance during the year is considered the most meaningful information to represent
transactions during the year.
The above outstanding balances arose from the ordinary course of business and on substantially the same terms,
including interest rates and security, as for comparable transactions with third party counterparties.
Transactions of the group with HSBC Holdings plc and fellow subsidiaries of HSBC Holdings plc
Transactions detailed below include amounts due to/from HSBC Holdings plc.
2014
2013
Highest balance
during the year1
Balance at
31 December1
Highest balance
during the year1
Balance at
31 December1
£m
£m
£m
£m
Assets
Trading assets
1,824
1,319
1,982
1,574
Financial assets designated at fair value
23
23
23
22
Loans and advances to customers
3,966
513
4,580
3,582
Financial investments
99
94
103
100
Liabilities
Trading liabilities
–
–
2
–
Customer accounts
10,993
8,689
10,033
10,033
Subordinated amounts due
6,025
4,035
5,827
5,827
Guarantees
–
–
–
–