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HSBC BANK PLC
Financial Statements (continued)
109
Consolidated statement of changes in equity for the year ended 31 December 2014
Other reserves
Called up
Share
capital
Share
premium
Other
equity
instru-
ments
Retained
earnings
Available-
for-sale
fair value
reserve
Cash flow
hedging
reserve
2
Foreign
exchange
reserve
Total
share-
holders’
equity
Non
-
controlling
interests
Total
equity
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
At 1 January 2014
797
20,427
—
10,225
634
(13)
300
32,370
549
32,919
Profit for the year
–
–
–
1,354
–
–
–
1,354
35
1,389
Other comprehensive income (net of
tax)
–
–
–
1,321
436
189
(796)
1,150
(21)
1,129
Available-for-sale investments
–
–
–
–
436
–
–
436
8
444
Cash flow hedges
–
–
–
–
–
189
–
189
–
189
Actuarial gains/(losses) on defined
benefit plans
–
–
–
1,321
–
–
–
1,321
(5)
1,316
Exchange differences and other
–
–
–
–
–
–
(796)
(796)
(24)
(820)
Total comprehensive income for the
year
–
–
–
2,675
436
189
(796)
2,504
14
2,518
Share capital issued, net of costs
1
–
306
–
–
–
–
–
306
–
306
Capital securities issued1
–
–
2,196
–
–
–
–
2,196
–
2,196
Dividends to shareholders
–
–
–
(1,274)
–
–
–
(1,274)
(16)
(1,290)
Net impact of equity-settled share-
based payments
–
–
–
15
–
–
–
15
–
15
Acquisitions and disposals
–
–
–
–
–
–
22
22
–
22
Change in business combinations and
other movements
–
–
–
(61)
–
–
–
(61)
73
12
Tax on items taken directly to equity
–
–
–
–
–
–
–
–
–
–
At 31 December 2014
797
20,733
2,196
11,580
1,070
176
(474)
36,078
620
36,698
At 1 January 2013
797
20,025
—
10,459
(131)
259
266
31,675
525
32,200
Profit for the year
—
—
—
2,495
—
—
—
2,495
45
2,540
Other comprehensive income (net of
tax)
—
—
—
(707)
765
(268)
34
(176)
1
(175)
Available-for-sale investments
—
—
—
—
765
—
—
765
(5)
760
Cash flow hedges
—
—
—
—
—
(268)
—
(268)
—
(268)
Actuarial gains/(losses) on defined
benefit plans
—
—
—
(707)
—
—
—
(707)
1
(706)
Exchange differences and other
—
—
—
—
—
—
34
34
5
39
Total comprehensive income for the
year
—
—
—
1,788
765
(268)
34
2,319
46
2,365
Share capital issued, net of costs1
—
402
—
—
—
—
—
402
—
402
Dividends to shareholders
—
—
(2,014)
—
—
—
(2,014)
(22)
(2,036)
Net impact of equity-settled share-
based payments
—
—
—
4
—
—
—
4
—
4
Change in business combinations and
other movements
—
—
—
(11)
—
(4)
—
(15)
—
(15)
Tax on items taken directly to equity
—
—
—
(1)
—
—
—
(1)
—
(1)
At 31 December 2013
797
20,427
—
10,225
634
(13)
300
32,370
549
32,919
1 All new capital subscribed during the year was issued to HSBC Holdings plc. See Note 32 for further details.
2 Movements in the cash flow hedging reserve include amounts transferred to the income statement of £575 million (2013:£423 million)
comprising a £250 million loss (2013: £232 million loss) taken to ‘Net interest income’ and a £325 million loss (2013 £191 million loss) taken to
‘Net trading income’.
The accompanying notes on pages 113 to 195 and the audited sections of the ‘Report of the Directors: Risk’ on pages 31 to 83 and the
‘Report of the Directors: Capital Management’ on pages 84 to 93 form an integral part of these financial statements.