Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 612

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 612
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 sufficient to cover the compensation due to customers in any future possible collapse. The ultimate FSCS levy to the industry as a result of a collapse cannot be estimated reliably. It is dependent on various uncertain factors including the potential recovery of assets by the FSCS, changes in the level of protected products (including deposits and investments) and the population of FSCS members at the time. Associates HSBC’s share of associates’ contingent liabilities, contractual commitments and guarantees amounted to $ 74.5bn at 31 December 2024 (2023: $ 69.9bn ). No matters arose where HSBC was severally liable.

| 448 | HSBC Holdings plcAnnual Report on Form 20-F |

Notes on the financial statements

34 Finance lease receivables HSBC leases a variety of assets to third parties under finance leases, including transport assets (such as aircraft), property and general plant and machinery. At the end of lease terms, assets may be sold to third parties or leased for further terms. Rentals are calculated to recover the cost of assets less their residual value, and earn finance income. The table below excludes finance lease receivables reclassified on the balance sheet to ‘Assets held for sale’ in accordance with IFRS 5. Net investment in finance leases of $ 1,595 m was reclassified to ‘Assets held for sale’ in 2023 as a result of the sale of our banking business in Canada. There was no net investment in finance leases classified as held-for-sale at 31 December 2024.

|                                                  |                        2024 |                       |              |                        2023 |                       |              |
|                                                  | Total futureminimumpayments | Unearnedfinanceincome | Presentvalue | Total futureminimumpayments | Unearnedfinanceincome | Presentvalue |
|                                                  |                          $m |                    $m |           $m |                          $m |                    $m |           $m |
| Lease receivables:                               |                             |                       |              |                             |                       |              |
| No later than one year                           |                       2,331 |                  -295 |        2,036 |                       2,355 |                  -308 |        2,047 |
| One to two years                                 |                       1,787 |                  -226 |        1,561 |                       1,954 |                  -249 |        1,705 |
| Two to three years                               |                       1,290 |