HSBC 2007 Annual Report Download - page 452

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Note 44
450
2007 2006
Balance at
31 December
Highest
amounts
outstanding
during year
Balance at
31 December
Highest
amounts
outstanding
during year
US$000 US$000 US$000 US$000
Key Management Personnel
Loans ............................................................................. 325,648 804,845 423,594 582,606
Credit cards ................................................................... 323 1,077 976 1,637
Guarantees .................................................................... 27,044 30,317 21,774 24,952
Key Management Personnel of HSBC Holdings for the purposes of IAS 24 comprise all of the Directors of HSBC
Holdings, Group Managing Directors, and close members of their families and companies they control, jointly
control, or significantly influence, or for which significant voting power is held.
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.
Shareholdings and options of Directors and other Key Management Personnel
At 31 December
2007
(000’s)
2006
(000’s)
Number of options over HSBC Holdings ordinary shares made under employee share plans
held by Directors and other Key Management Personnel ............................................................ 36 4,563
Number of HSBC Holdings ordinary shares held beneficially and non-beneficially by
Directors and other Key Management Personnel ......................................................................... 12,358 20,904
Number of HSBC Holdings preference shares held beneficially and non-beneficially by
Directors and other Key Management Personnel ......................................................................... 8 8
12,402 25,475
Transactions with other related parties of HSBC
Associates and joint ventures
The Group provides certain banking and financial services to associates and joint ventures. Details of the interests in
associates and joint ventures are given in Note 21. Transactions and balances during the year with associates and joint
ventures were as follows:
2007 2006
Highest
balance during
the year1
Balance at
31 December1
Highest
balance during
the year1
Balance at
31 December1
US$m US$m US$m US$m
Amounts due from joint ventures:
– unsubordinated ...................................................... 632 603 746 80
Amounts due from associates:
– subordinated .......................................................... 15 15 52 15
– unsubordinated ...................................................... 7,310 823 586 376
7,957 1,441 1,384 471
Amounts due to joint ventures ...................................... 71 27 1,490 58
Amounts due to associates ............................................ 5,243 327 892 506
5,314 354 2,382 564
1 The disclosure of the year-end balance and the highest balance during the year is considered the most meaningful information to
represent transactions during the year.