HSBC 2015 Annual Report Download - page 457

HSBC HOLDINGS PLC
455
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Particulars of transactions with related parties, disclosed pursuant to the requirements of IAS 24 ‘Related Party Disclosures’,
are tabulated below. The disclosure of the year-end balance and the highest amounts outstanding during the year is considered
to be the most meaningful information to represent the amount of the transactions and the amount of outstanding balances
during the year.
Key Management Personnel are defined as those persons having authority and responsibility for planning, directing and
controlling the activities of HSBC Holdings, being the Directors and Group Managing Directors of HSBC Holdings.
Key Management Personnel
Compensation of Key Management Personnel
2015 2014 2013
$m $m $m
Short-term employee benefits 40 41 38
Post-employment benefits 11 2
Other long-term employee benefits 97 10
Share-based payments 51 54 35
Year ended 31 December 101 103 85
Transactions, arrangements and agreements involving related parties
Particulars of advances (loans and quasi-loans), credits and guarantees entered into by subsidiaries of HSBC Holdings during
2015 with Directors, disclosed pursuant to section 413 of the Companies Act 2006, are shown below:
2015 2014
$m $m
Advances and credits at 31 December 4 5
Transactions and balances during the year with Key Management Personnel
2015 2014
Balance at
31 December
Highest amounts
outstanding
during year
Balance
at 31 December
Highest amounts
outstanding
during year
$m $m $m $m
Key Management Personnel1
Advances and credits2 218 411 309 347
Guarantees3 67 91 78 79
1 Includes Key Management Personnel, close family members of Key Management Personnel and entities which are controlled or jointly controlled
by Key Management Personnel or their close family members.
2 The 2014 year-end balance has been restated from $194m to $309m and the 2014 highest amount outstanding during the year has been restated
from $227m to $347m.
3 The 2014 year-end balance has been restated from nil to $78m and the 2014 highest amount outstanding during the year has been restated from nil
to $79m.
Some of the transactions were connected transactions as defined by the Rules Governing The Listing of Securities on The Stock
Exchange of Hong Kong Limited, but were exempt from any disclosure requirements under the provisions of those rules. The
above transactions were made in the ordinary course of business and on substantially the same terms, including interest rates
and security, as for comparable transactions with persons of a similar standing or, where applicable, with other employees.
The transactions did not involve more than the normal risk of repayment or present other unfavourable features.