Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 521

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 521
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 |                     — |            — |                      — |              -2,499 |                   2,499 |                        — |
| At 31 Dec2022                                                                                                |                10,147 |       14,664 |                 19,746 |              67,996 |                  40,555 |                  153,108 |

Dividends per ordinary share at 31 December 2024 were $ 0.82 (2023: $ 0.53 ; 2022: $ 0.27 ). 1 Retained earnings include unrealised profits from intercompany transactions and share-based payment reserves, which are excluded from distributable reserves. Distributable reserves include the distributable portions of retained earnings and the merger reserve. Distributable reserves are reduced by ordinary dividend payments, distributions on additional tier 1 instruments, share buy-backs and impairments in investments in subsidiaries. They are increased by profits and the realisation of retained earnings or merger reserves upon impairment of an associated investment in subsidiary. 2 At 31 December 2024, retained earnings included 29,739,384 own shares held. These include own shares held by HSBC Holdings for the benefit of beneficiaries within employee trusts for the settlement of shares expected to be delivered under employee share schemes or bonus plans. 3 HSBC Holdings issued SGD 1,500m 5.250% contingent convertible securities in June 2024, and a further $ 1,350m 6.875% and $ 1,150m 6.950% contingent convertible securities in September 2024. All instruments were recorded net of issuance cost. 4 HSBC Holdings announced the following share buy-backs during the year: a share buy-back of up to $ 2.0b n in February 2024, which was completed in April 2024; a share buy-back of up to $ 3.0b n in April 2024, which was completed in July 2024; a share buy-back of up to $ 3.0b n in July 2024, which was completed in October 2024; and a share buy-back of up to $ 3.0b n in October 2024, which was completed in February 2025. 5 In September 2024, HSBC Holdings redeemed its $ 2,250m 6.375% contingent convertible securities. 6 At 31 December 2024, an impairment of $ 11,442