HSBC 2015 Annual Report Download - page 68

Report of the Directors: Global businesses (continued)
Reconciliations
HSBC HOLDINGS PLC
66
Reconciliation of reported and adjusted items –
global businesses
2015 compared with 2014
2015
RBWM CMB GB&M GPB Other Total
$m $m $m $m $m $m
Revenue1
Reported31 23,516 14,870 18,233 2,172 7,604 59,800
Significant items 326 17 (199) (31) (2,148) (2,035)
–
disposal costs of Brazilian operations
–
–
–
–
18 18
–
DVA on derivative contracts
–
–
(230)
–
–
(230)
–
fair value movements on non-qualifying hedges32 90 (1) 31 (1) 208 327
–
gain on the partial sale of shareholding in Industrial Bank
–
–
–
–
(1,372) (1,372)
–
loss on sale of several tranches of real estate secured accounts in
the US 214 – – – – 214
–
own credit spread2
–
–
–
–
(1,002) (1,002)
–
provisions/(releases) arising from the ongoing review of
compliance with the Consumer Credit Act in the UK 22 18 – (30) – 10
Adjusted31 23,842 14,887 18,034 2,141 5,456 57,765
LICs
Reported (1,939) (1,770)
–
(12)
–
(3,721)
Adjusted (1,939) (1,770)
–
(12)
–
(3,721)
Operating expenses
Reported31 (17,020) (6,744) (10,834) (1,832) (9,933) (39,768)
Significant items 1,537 202 1,035 206 606 3,586
–
disposal costs of Brazilian operations 66 16 14 1 13 110
–
costs-to-achieve 198 163 69 16 462 908
–
costs to establish UK ring-fenced bank
–
–
–
–
89 89
–
regulatory provisions in GPB
–
–
–
171 1 172
–
restructuring and other related costs 32 522 18 40 117
–
settlements and provisions in connection with legal matters 700
–
949
–
–
1,649
–
UK customer redress programmes 541 18 (19)
–
1 541
Adjusted31 (15,483) (6,542) (9,799) (1,626) (9,327) (36,182)
Share of profit in associates and joint ventures
Reported 410 1,617 511 16 2 2,556
Adjusted 410 1,617 511 16 2 2,556
Profit/(loss) before tax
Reported 4,967 7,973 7,910 344 (2,327) 18,867
Significant items 1,863 219 836 175 (1,542) 1,551
–
revenue 326 17 (199) (31) (2,148) (2,035)
–
operating expenses 1,537 202 1,035 206 606 3,586
Adjusted 6,830 8,192 8,746 519 (3,869) 20,418