Company: HBCYF
Filing Date: 2025-02-19
Form Type: 6-K
Source: 0001654954-25-001665
Chunk: 20

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-19
Form: 6-K
Chunk 20
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 UK tax losses of $3.5bn (2023: $4.5bn), which arose prior to 1 April 2017 and can only be recovered against future taxable profits of HSBC Holdings. No deferred tax was recognised on these losses due to the absence of convincing evidence regarding the availability of sufficient future taxable profits against which to recover them. Deferred tax asset recognition is reassessed at each balance sheet date based on the available evidence. Of the total amounts on which deferred tax was not recognised, $6.0bn (2023: $5.1bn) had no expiry date, $1.0bn (2023: $0.5bn) was scheduled to expire within 10 years and the remaining balance is expected to expire after 10 years.

Deferred tax is not recognised in respect of the Group's investments in subsidiaries and branches where HSBC is able to control the timing of remittance or other realisation and where remittance or realisation is not probable in the foreseeable future. The aggregate temporary differences relating to unrecognised deferred tax liabilities arising on investments in subsidiaries and branches was $15.2bn (2023: $14.4bn) and the corresponding unrecognised deferred tax liability was $0.7bn (2023: $0.7bn).

3 Dividends

| Dividends to shareholders of the parent company   |  2024 
   Per 
 share |  Total |  2023 
   Per 
 share |  Total |
|:--------------------------------------------------|------:|-------:|------:|-------:|
|                                                   |     $ |     $m |     $ |     $m |
| Dividends paid on ordinary shares                 |       |        |       |        |
| In respect of previous year:                      |       |        |       |        |
| -  second interim dividend                        |     - |      - |  0.23 |  4,589 |
| -  fourth interim dividend                        |  0.31 |  5,872 |       |        |
| In respect of current year:                       |       |        |       |        |
| -  first interim dividend                         |  0.10 |  1,877 |  0.10 |  2,001 |
| -  special dividend                               |  0.21 |  3,942 |     - |      - |
| -  second interim dividend                        |  0