Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 560

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 560
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 filings, including interim reviews. 4 Including permitted services relating to attestation reports on internal controls of a service organisation primarily prepared for and used by third-party end users, including comfort letters. 5 Includes reviews of PRA regulatory reporting returns. No fees were payable by HSBC to PwC as principal auditor for the following types of services: internal audit services and services related to litigation, recruitment and remuneration.

| Fees payable by HSBC’s associated pension schemes to PwC |     |      |      |      |
|                                                          |     | 2024 | 2023 | 2022 |
|                                                          |     | $000 | $000 | $000 |
| Audit of HSBC’s associated pension schemes               |     |  320 |  297 |  480 |
| Year ended 31 Dec                                        |     |  320 |  297 |  480 |

No fees were payable by HSBC’s associated pension schemes to PwC as principal auditor for the following types of services: internal audit services, other assurance services, services related to corporate finance transactions, valuation and actuarial services, litigation, recruitment and remuneration, and information technology. In addition to the above, the estimated fees paid to PwC by third parties associated with HSBC amounted to $ 9.9m (2023: $ 12.3m ; 2022: $ 13.1m ). In these cases, HSBC was connected with the contracting party and may therefore have been involved in appointing PwC. These fees arose from services such as auditing mutual funds managed by HSBC and reviewing the financial position of corporate concerns that borrow from HSBC. Fees payable for non-audit services for HSBC Holdings are not disclosed separately because such fees are disclosed on a consolidated basis for the Group.

| 402 | HSBC Holdings plcAnnual Report on Form 20-F |

Notes on the financial statements

| 7 | Tax |

| Tax expense                                          |       |       |        |
|                                                      |  2024 |  2023 |   2022 |
|                                                      |    $m |    $m |     $m |
| Current tax1                                         | 6,115 | 5,718 |  2,984 |
| –  for this year                                     | 5,863 | 5,737 |  3,264 |
| –  adjustments in respect of prior years             |    31 |   -