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Operating profit
 12 Months Ended
Dec. 31, 2017
Analysis of income and expense [abstract]  
Operating profit
4
Operating profit
Operating profit is stated after the following items:
 
2017

2016

2015

 
$m

$m

$m

Income
 
 


Interest recognised on impaired financial assets
261

574

934

Fees earned on financial assets that are not at fair value through profit or loss (other than amounts included in determining the effective interest rate)
7,577

7,732

8,736

Fees earned on trust and other fiduciary activities
2,691

2,543

3,052

Expense






Interest on financial instruments, excluding interest on financial liabilities held for trading or designated at
fair value
(10,912
)
(11,858
)
(13,680
)
Fees payable on financial liabilities that are not at fair value through profit or loss (other than amounts included in determining the effective interest rate)
(1,475
)
(1,214
)
(1,251
)
Fees payable relating to trust and other fiduciary activities
(134
)
(129
)
(166
)
Payments under lease and sublease agreements
(936
)
(969
)
(1,190
)
– minimum lease payments
(911
)
(945
)
(1,058
)
– contingent rents and sublease payments
(25
)
(24
)
(132
)
UK bank levy
(916
)
(922
)
(1,421
)
Restructuring provisions
(204
)
(415
)
(430
)
Gains/(losses)






Impairment of available-for-sale equity securities
(98
)
(36
)
(111
)
Gains/(losses) recognised on assets held for sale
195

(206
)
(244
)
Gains on the partial sale of shareholding in Industrial Bank
—

—

1,372

Gain/(loss) on disposal of Brazilian operations
19

(1,743
)
—

Loan impairment charges and other credit risk provisions
(1,769
)
(3,400
)
(3,721
)
– net impairment charge on loans and advances
(1,992
)
(3,350
)
(3,592
)
– release of impairment on available-for-sale debt securities
190

63

17

– other credit risk provisions
33

(113
)
(146
)


External net operating income is attributed to countries on the basis of the location of the branch responsible for reporting the results or advancing the funds:
 
 
2017

2016

2015

 
Footnote
$m

$m

$m

External net operating income by country
1
51,445

47,966

59,800

– UK

11,057

9,495

14,132

– Hong Kong

14,992

12,864

14,447

– US

4,573

5,094

5,541

– France

2,203

2,571

2,706

– other countries

18,620

17,942

22,974

– of which: Brazil

60

(204
)
3,546

1
Net operating income before loan impairment charges and other credit risk provisions, also referred to as revenue.