HSBC 2015 Annual Report Download - page 79

HSBC HOLDINGS PLC
77
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Reconciliation of reported and adjusted items –
geographical regions
2015 compared with 2014
2015
Europe Asia MENA
North
America
Latin
America Total UK
Hong
Kong
$m $m $m $m $m $m $m $m
Revenue1
Reported31 21,058 25,303 2,565 7,657 6,592 59,800 15,493 15,616
Significant items (656) (1,431) (10) 98 (36) (2,035) (595) (1,383)
–
disposal costs of Brazilian operations
–
–
–
–
18 18
–
–
–
debit valuation adjustment (‘DVA’) on
derivative contracts
(95) (58) (1) (21) (55) (230) (78) (13)
–
fair value movements on non-qualifying
hedges32
200 2 – 124 1 327 204 6
–
gain on the partial sale of shareholding
in Industrial Bank
– (1,372) – – – (1,372) – (1,372)
–
loss on sale of several tranches of real
estate secured accounts in the US
– – – 214 – 214 – –
–
own credit spread2 (771) (3) (9) (219)
–
(1,002) (731) (4)
–
provisions arising from the ongoing
review of compliance with
the Consumer Credit Act in the UK 10 – – – – 10 10 –
Adjusted31 20,402 23,872 2,555 7,755 6,556 57,765 14,898 14,233
Loan impairment charges and other credit
risk provisions (‘LIC’s)
Reported (690) (693) (299) (544) (1,495) (3,721) (248) (155)
Adjusted (690) (693) (299) (544) (1,495) (3,721) (248) (155)
Operating expenses
Reported31 (19,733) (10,889) (1,234) (6,501) (4,786) (39,768) (15,555) (5,686)
Significant items 2,405 130 15 851 185 3,586 2,151 49
–
disposal costs of Brazilian operations
–
–
–
–
110 110
–
–
–
costs-to-achieve 600 122 14 103 69 908 536 43
–
costs to establish UK ring-fenced bank 89
–
–
–
–
89 89
–
–
regulatory provisions in GPB 172
–
–
–
–
172
–
–
–
restructuring and other related costs 68 8 1 34 6117 50 6
–
settlements and provisions in
connection with legal matters
935 – – 714 – 1,649 935 –
–
UK customer redress programmes 541
–
–
–
–
541 541
–
Adjusted31 (17,328) (10,759) (1,219) (5,650) (4,601) (36,182) (13,404) (5,637)
Share of profit in associates and joint ventures
Reported 8 2,042 505 2(1) 2,556 10 31
Adjusted 8 2,042 505 2(1) 2,556 10 31
Profit/(loss) before tax
Reported 643 15,763 1,537 614 310 18,867 (300) 9,806
Significant items 1,749 (1,301) 5949 149 1,551 1,556 (1,334)
–
revenue (656) (1,431) (10) 98 (36) (2,035) (595) (1,383)
–
operating expenses 2,405 130 15 851 185 3,586 2,151 49
Adjusted 2,392 14,462 1,542 1,563 459 20,418 1,256 8,472