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HSBC Holdings income statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure Of Face Statements [Line Items]      
Net interest expense $ 26,489 $ 27,578 $ 30,462
– interest income [1],[2] 36,188 41,756 54,695
– interest expense [3] (9,699) (14,178) (24,233)
Fee (expense)/income 13,097 11,874 12,023
Net income from financial instruments held for trading or managed on a fair value basis 7,744 9,582 10,231
Changes in fair value of designated debt and related derivatives [4] (182) 231 90
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 798 455 812
Other operating income 502 527 2,957
Net operating income before change in expected credit losses and other credit impairment charges 49,552 50,429 56,098
Employee compensation and benefits (19,612) (19,396) (19,477)
General and administrative expenses (11,592) (11,115) (13,828)
Total operating expenses (34,620) (34,432) (42,349)
Profit before tax 18,906 8,777 13,347
Tax (charge)/credit (4,213) (2,678) (4,639)
Profit for the year 14,693 6,099 8,708
Issued by HSBC Holdings      
Disclosure Of Face Statements [Line Items]      
Net interest expense (2,367) (2,632) (2,554)
– interest income 380 473 1,249
– interest expense (2,747) (3,105) (3,803)
Fee (expense)/income (5) (12) (2)
Net income from financial instruments held for trading or managed on a fair value basis 110 801 1,477
Changes in fair value of designated debt and related derivatives [5] 349 (326) (360)
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss (420) 1,141 1,659
Dividend income from subsidiaries 11,404 8,156 15,117
Other operating income 230 1,889 1,293
Net operating income before change in expected credit losses and other credit impairment charges 9,301 9,017 16,630
Employee compensation and benefits (30) (56) (37)
General and administrative expenses (1,845) (4,276) (4,772)
Impairment of subsidiaries 3,065 (435) (2,562)
Total operating expenses 1,190 (4,767) (7,371)
Profit before tax 10,491 4,250 9,259
Tax (charge)/credit 343 (165) (218)
Profit for the year $ 10,834 $ 4,085 $ 9,041
[1] Interest income includes $30,916m (2020: $35,293m) of interest recognised on financial assets measured at amortised cost and $4,337m (2020: $5,614m) of interest recognised on financial assets measured at fair value through other comprehensive income.
[2] Interest revenue calculated using the effective interest method comprises interest recognised on financial assets measured at either amortised cost or fair value through other comprehensive income.
[3]     Interest expense includes $8,227m (2020: $12,426m) of interest on financial instruments, excluding interest on financial liabilities held for trading or designated or otherwise mandatorily measured at fair value.
[4] The debt instruments, issued for funding purposes, are designated under the fair value option to reduce an accounting mismatch.
[5] The debt instruments, issued for funding purposes, are designated under the fair value option to reduce an accounting mismatch.