HSBC 2015 Annual Report Download - page 459

HSBC HOLDINGS PLC
457
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Transactions and balances during the year with subsidiaries
2015 2014
Highest balance
during the year
Balance at
31 December
Highest balance
during the year
Balance at
31 December
$m $m $m $m
Assets
Cash at bank 620 242 436 249
Derivatives 3,409 2,466 3,179 2,771
Loans and advances 47,229 44,350 55,026 43,910
Financial investments 4,427 4,285 4,073 4,073
Investments in subsidiaries 97,770 97,770 96,264 96,264
Total related party assets at 31 December 153,455 149,113 158,978 147,267
Liabilities
Amounts owed to HSBC undertakings 2,892 2,152 12,046 2,892
Derivatives 2,459 2,277 1,169 1,169
Subordinated liabilities:
–
at amortised cost 1,670 891 1,743 1,670
–
designated at fair value 982 855 3,186 981
Total related party liabilities at 31 December 8,003 6,175 18,144 6,712
Guarantees 68,333 68,333 53,180 52,023
Commitments 16
–
1,245 16
The above outstanding balances arose in the ordinary course of business and on substantially the same terms, including
interest rates and security, as for comparable transactions with third-party counterparties.
Some employees of HSBC Holdings are members of the HSBC Bank (UK) Pension Scheme, which is sponsored by a separate
Group company. HSBC Holdings incurs a charge for these employees equal to the contributions paid into the scheme on their
behalf. Disclosure in relation to the scheme is made in Note 6.
42 Events after the balance sheet date
A fourth interim dividend for 2015 of $0.21 per ordinary share (a distribution of approximately $4,134m) was declared by the
Directors after 31 December 2015.
These accounts were approved by the Board of Directors on 22 February 2016 and authorised for issue.
43 HSBC Holdings’ subsidiaries, joint ventures and associates
In accordance with Section 409 of the Companies Act 2006 a list of HSBC Holdings plc’s subsidiaries, joint ventures and
associates, the country of incorporation and the effective percentage of equity owned at 31 December 2015 is disclosed
below.
Subsidiaries Country Security Direct (%) Total (%)
0866101 B.C. Ltd Canada C$ Common shares 100
0866102 B.C. Ltd Canada C$ Common shares 100
ACN 087 652 113 Pty Limited Australia A$0.16667 Ordinary shares 100
Albouys Nominees Limited England and Wales £1.00 Ordinary shares 100
Allblack Investments Limited Jersey £0.0037 Ordinary and £0.0037
Preference shares
100
AMP Client HSBC Custody Nominee (UK) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (A) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (E) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (F) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (H) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (M) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (P) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (R) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance December (W) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance June (A) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance June (D) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance June (E) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance Limited England and Wales £1.00 Ordinary shares 100
Assetfinance March (B) Limited Northern Ireland £1.00 Ordinary shares 100
Assetfinance March (D) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance March (F) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance September (F) Limited England and Wales £1.00 Ordinary shares 100
Assetfinance September (G) Limited England and Wales £1.00 Ordinary shares 100
B&Q Financial Services Limited England and Wales £1.00 Ordinary shares 100