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HSBC BANK PLC
Financial Statements (continued)
112
HSBC Bank plc statement of changes in equity for the year ended 31 December 2014
Other reserves
Called
up share
capital
Share
premium
Other
equity
instruments
Retained
earnings
Available-
for-sale
fair value
reserve
Cash flow
hedging
reserve
2
Foreign
exchange
reserve
Total
equity
£m
£m
£m
£m
£m
£m
£m
£m
At 1 January 2014
797
20,427
–
6,342
(317)
(8)
(47)
27,194
Profit for the year
–
–
–
975
–
–
–
975
Other comprehensive income (net of tax)
–
–
–
1,353
656
108
(3)
2,114
Available-for-sale investments
–
–
–
–
656
–
–
656
Cash flow hedges
–
–
–
–
–
108
–
108
Actuarial gains on defined benefit plans
–
–
–
1,353
–
–
–
1,353
Exchange differences and other
–
–
–
–
–
–
(3)
(3)
Total comprehensive income for the year
–
–
–
2,328
656
108
(3)
3,089
Share capital issued, net of costs1
–
306
–
–
–
–
–
306
Capital securities issued1
–
–
2,196
–
–
–
–
2,196
Dividends to shareholders
–
–
–
(1,271)
–
–
–
(1,271)
Net impact of equity
-settled share-based
payments
–
–
–
12
–
–
–
12
Change in business
combinations and other
movements
–
–
–
(61)
–
–
–
(61)
Tax on items taken directly to equity
–
–
–
–
–
–
–
–
At 31 December
2014
797
20,733
2,196
7,350
339
100
(50)
31,465
At 1 January 2013
797
20,025
–
6,588
(377)
167
(133)
27,067
Profit for the year
–
–
–
2,485
–
–
–
2,485
Other comprehensive income (net of tax)
–
–
–
(709)
62
(175)
86
(736)
Available-for-sale investments
–
–
–
–
62
–
–
62
Cash flow hedges
–
–
–
–
–
(175)
–
(175)
Actuarial gains on defined benefit plans
–
–
–
(709)
–
–
–
(709)
Exchange differences and other
–
–
–
–
–
–
86
86
Total comprehensive income for the year
–
–
–
1,776
62
(175)
86
1,749
Share capital issued, net of costs1
–
402
–
–
–
–
–
402
Dividends to shareholders
–
–
–
(2,011)
–
–
–
(2,011)
Net impact of equity-settled share-based
payments
–
–
–
(3)
–
–
–
(3)
Change in business combinations and other
movements
–
–
–
(8)
(2)
–
–
(10)
Tax on items taken directly to equity
–
–
–
–
–
–
–
–
At 31 December 2013
797
20,427
–
6,342
(317)
(8)
(47)
27,194
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 £496 million (2013:£317 million)
comprising a £213 million loss (2013: £181 million loss) taken to ‘Net interest income’ and a £283 million loss (2013 £131 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.