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Consolidated income statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Disclosure Of Face Statements [Line Items]      
Net interest income/(expense) $ 30,489 $ 28,176 $ 29,813
– interest income 49,609 40,995 42,414
– interest expense (19,120) (12,819) (12,601)
Net fee income 12,620 12,811 12,777
– fee income 16,044 15,853 15,669
– fee expense (3,424) (3,042) (2,892)
Net income from financial instruments held for trading or managed on a fair value basis 9,531 8,426 7,521
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss (1,488) 2,836 1,262
Changes in fair value of long-term debt and related derivatives (97) 155 (1,997)
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 695    
Gains less losses from financial investments 218 1,150 1,385
Dividend income 75 106 95
Net insurance premium income 10,659 9,779 9,951
Other operating income/(expense) 885 337 (971)
Total operating income 63,587 63,776 59,836
Net insurance claims and benefits paid and movement in liabilities to policyholders (9,807) (12,331) (11,870)
Net operating income before change in expected credit losses and other credit impairment charges/Loan impairment charges and other credit risk provisions 53,780 51,445 47,966
Loan impairment charges and other credit risk provisions (1,767) (1,769) (3,400)
Net operating income 52,013 49,676 44,566
Employee compensation and benefits (17,373) (17,315) (18,089)
General and administrative expenses (15,353) (15,707) (16,473)
Depreciation and impairment of property, plant and equipment (1,119) (1,166) (1,229)
Amortisation and impairment of intangible assets (814) (696) (777)
Goodwill impairment of Global Private Banking – Europe 0 0 (3,240)
Total operating expenses (34,659) (34,884) (39,808)
Operating profit 17,354 14,792 4,758
Share of results 2,536 2,375 2,354
Profit before tax 19,890 17,167 7,112
Tax (expense) credit (4,865) (5,288) (3,666)
Profit for the year 15,025 11,879 3,446
Attributable to:      
– ordinary shareholders of the parent company 12,608 9,683 1,299
– preference shareholders of the parent company 90 90 90
– other equity holders 1,029 1,025 1,090
– non-controlling interests 1,298 1,081 967
Profit for the year $ 15,025 $ 11,879 $ 3,446
Basic earnings per ordinary share (in dollars per share) $ 0.63 $ 0.48 $ 0.07
Diluted earnings per ordinary share (in dollars per share) $ 0.63 $ 0.48 $ 0.07
HSBC Holdings      
Disclosure Of Face Statements [Line Items]      
Net interest income/(expense) $ (1,112) $ (383) $ (424)
– interest income 2,193 2,185 1,380
– interest expense (3,305) (2,568) (1,804)
Net fee income 0 2 (1)
Net income from financial instruments held for trading or managed on a fair value basis 245 (181) 119
Changes in fair value of long-term debt and related derivatives (77) 103 (49)
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 43 0 0
Gains less losses from financial investments 4 154 0
Dividend income [1] 55,304 10,039 10,436
Other operating income/(expense) 960 769 696
Net operating income before change in expected credit losses and other credit impairment charges/Loan impairment charges and other credit risk provisions 55,367 10,503 10,777
Employee compensation and benefits (37) (54) (570)
General and administrative expenses (4,507) (4,911) (4,014)
Reversal of impairment / (impairment) of subsidiaries [2] 2,064 (63) 0
Total operating expenses (2,480) (5,028) (4,584)
Profit before tax 52,887 5,475 6,193 [3]
Tax (expense) credit (62) 64 402
Profit for the year 52,825 5,539 6,595
Attributable to:      
Profit for the year $ 52,825 $ 5,539 $ 6,595
[1] 2018 includes $44,893m (2017:nil) return on capital from HSBC Finance (Netherlands) resulting from restructuring the Group’s Asia operation to meet resolution and recovery requirements. This amount does not form part of distributable reserves.
[2] 2018 includes a $2,200m (2017:nil) part reversal of the impairment previously recognised against HSBC Holdings investment in HSBC Overseas Holdings (UK) Limited. This amount does not form part of distributable reserves.
[3] The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration.