HSBC 2015 Annual Report Download - page 51

HSBC HOLDINGS PLC
49
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Significant items
The tables starting on pages 66 and 77, detail the effect of
significant items on each of our geographical segments and
global businesses in 2015 and 2014.
The following table reconciles selected reported items
for 2015 and 2014 to adjusted items at a Group level.
Reconciliation of reported and adjusted items
2015 2014 Change
$m $m %
Revenue1
Reported 59,800 61,248 (2)
Currency translation (4,775)
Own credit spread2 (1,002) (417)
Acquisitions, disposals and dilutions
–
(9)
Other significant items (1,033) 1,180
Adjusted 57,765 57,227 1
Loan impairment charges and other credit risk provisions
Reported (3,721) (3,851) 3
Currency translation 683
Acquisitions, disposals and dilutions
–
–
Other significant items
–
–
Adjusted (3,721) (3,168) (17)
Total operating expenses
Reported (39,768) (41,249) 4
Currency translation 3,278
Acquisitions, disposals and dilutions
–
40
Other significant items 3,586 3,355
Adjusted (36,182) (34,576) (5)
Adjusted cost efficiency ratio 62.6% 60.4%
Share of profit in associates and joint ventures
Reported 2,556 2,532 1
Currency translation (39)
Acquisitions, disposals and dilutions
–
–
Other significant items
–
–
Adjusted 2,556 2,493 3
Profit before tax
Reported 18,867 18,680 1
Currency translation (853)
Own credit spread2 (1,002) (417)
Acquisitions, disposals and dilutions
–
31
Other significant items 2,553 4,535
Adjusted 20,418 21,976 (7)
For footnotes, see page 99.