Technical white paper
Hewlett-Packard International Bank DAC Country by Country Disclosures 2021
Table of Contents
Basis of preparation
Hewlett Packard International Bank DAC, (“HPIB”) is a credit institution authorised by the Central Bank of Ireland.
HPIB is subject to the requirements of the Capital Requirements Directive 2013/36EU (CRD) and the Capital Requirements Regulation EU 575/2014 (CRR), together known as Capital Requirements Directive (CRD IV). County by County Reporting requirements are a key component of CRD IV and have been transposed into Irish legislation as Regulation 77 of Statutory Instrument 158 of 2014, European Union (Capital Requirements) Regulations 2014.
Regulation 77 requires each institution (credit institution and investment firms) to disclose annually, specifically, by Member State and by third country in which it has an establishment, the following information on a consolidated basis for the financial year:
- name(s), nature of activities and geographical location;
- turnover;
- number of employees on a full time equivalent basis (FTE)
- profit or loss before tax
- tax on profit or loss
- public subsidies received
This information has been presented in the table below. These disclosures have been prepared in conjunction with and are based on HPIB’s annual financial statements which have been prepared in accordance with Irish law and accounting standards issued by the Financial Reporting Council including FRS 102 “Reduced Disclosure Framework” for the year ended 31 October 2021.
The primary activity of the Bank is the provision of leases and loan facilities, rentals and asset management capabilities.
| Country of Establishment | Turnover US$’000 | Profit/ (Loss) before Tax US$’000 | Current accrued Tax US$’000 | Actual Tax Paid US$’000 | Average FTEs |
|---|---|---|---|---|---|
| Ireland | 798,919 | 167,625 | 24,156 | 21,667 | 186 |
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Hewlett-Packard International Bank DAC is registered in Ireland number 289479 with its registered office at Building 1, Liffey Business Campus, Barnhall Road, Leixlip, County Kildare, W23 Y972, Ireland and is regulated by the Central Bank of Ireland Directors: Irving Rothman (USA), Ian Fowlis (USA), Gerri Gold (USA) Paul Sheeran, Jim Farrell, H. Cameron Marr.
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