HSBC 2015 Annual Report Download - page 368

Notes on the Financial Statements (continued)
6 – Employee compensation and benefits
HSBC HOLDINGS PLC
366
Defined benefit pension plans
Net asset/(liability) under defined benefit pension plans
Fair value of plan assets
Present value of defined
benefit obligations Effect of the asset ceiling
Net defined benefit
asset/(liability)
The
principal
plan
Other
plans
The
principal
plan
Other
plans
The
principal
plan
Other
plans
The
principal
plan
Other
plans
$m $m $m $m $m $m $m $m
At 1 January 2015 35,244 9,580 (30,480) (11,582)
–
(17) 4,764 (2,019)
Current service cost
–
–
(129) (268)
–
–
(129) (268)
Past service cost and gains/(losses)
from settlements – (3) (53) 71 – – (53) 68
Service cost
–
(3) (182) (197)
–
–
(182) (200)
Net interest income/(cost) on the net
defined benefit asset/(liability) 1,265 322 (1,088) (371) – (2) 177 (51)
Re-measurement effects recognised in
other comprehensive income (1,521) (394) 1,642 339 – (30) 121 (85)
–
return on plan assets (excluding
interest income)
(1,521) (394) – – – – (1,521) (394)
–
actuarial gains/(losses)
–
–
1,392 339
–
(30) 1,392 309
–
other changes
–
–
250
–
–
–
250
–
Exchange differences (1,704) (458) 1,443 529
–
35 (261) 106
Contributions by HSBC 376 279
–
–
–
–
376 279
–
normal 159 227
–
–
–
–
159 227
–
special 217 52
–
–
–
–
217 52
Contributions by employees 17 35 (17) (35)
–
–
–
–
Benefits paid (970) (590) 970 649
–
–
–
59
Administrative costs and taxes
paid by plan (37) (17) 37 17 – – – –
At 31 December 2015 32,670 8,754 (27,675) (10,651)
–
(14) 4,995 (1,911)
Present value of defined benefit
obligation relating to:
–
actives (6,310) (5,350)
–
deferreds (7,919) (2,239)
–
pensioners (13,446) (3,062)
At 1 January 2014 31,665 8,957 (29,629) (10,838)
–
(30) 2,036 (1,911)
Current service cost
–
–
(228) (257)
–
–
(228) (257)
Past service cost and gains/(losses)
from settlements – (5) (26) 11 – – (26) 6
Service cost
–
(5) (254) (246)
–
–
(254) (251)
Net interest income/(cost) on the net
defined benefit asset/(liability) 1,386 370 (1,291) (425) – (4) 95 (59)
Re-measurement effects recognised in
other comprehensive income 4,864 845 (2,100) (1,034) – 17 2,764 (172)
–
return on plan assets (excluding
interest income) 4,864 845 – – – – 4,864 845
–
actuarial losses
–
–
(2,317) (987)
–
–
(2,317) (987)
–
other changes
–
–
217 (47)
–
17 217 (30)
Exchange differences (2,112) (316) 1,838 357
–
–
(274) 41
Contributions by HSBC 397 278
–
–
–
–
397 278
–
normal 265 239
–
–
–
–
265 239
–
special 132 39
–
–
–
–
132 39
Contributions by employees 38 17 (38) (17)
–
–
–
–
Benefits paid (954) (543) 954 598
–
–
–
55
Administrative costs and taxes
paid by plan (40) (23) 40 23 – – – –
At 31 December 2014 35,244 9,580 (30,480) (11,582)
–
(17) 4,764 (2,019)
Present value of defined benefit
obligation relating to:
–
actives (9,782) (5,605)
–
deferreds (8,799) (2,498)
–
pensioners (11,899) (3,479)