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Consolidated income statement - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Profit or loss [abstract]      
Net interest income $ 14,509 $ 15,222 $ 15,240
– interest income 23,000 26,945 27,750
– interest expense (8,491) (11,723) (12,510)
Net fee income 5,926 5,899 6,124
– fee income 7,480 7,635 7,804
– fee expense (1,554) (1,736) (1,680)
Net income from financial instruments held for trading or managed on a fair value basis 5,768 4,900 5,331
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss (1,290) 1,282 2,196
Change in fair value of designated debt and related derivatives 197 2 88
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 80 355 457
Gains less losses from financial investments 466 134 201
Net insurance premium income 5,020 4,313 6,323
Other operating income 471 885 2,072
Total operating income 31,147 32,992 38,032
Net insurance claims and benefits paid and movement in liabilities to policyholders (4,402) (6,266) (8,660)
Net operating income before change in expected credit losses and other credit impairment charges 26,745 26,726 29,372
Change in expected credit losses and other credit impairment charges (6,858) (1,616) (1,140)
Net operating income 19,887 25,110 28,232
Employee compensation and benefits (8,514) (8,747) (9,255)
General and administrative expenses (4,918) (7,456) (6,372)
Depreciation and impairment of property, plant and equipment and right-of-use assets (1,209) (1,090) (1,010)
Amortisation and impairment of intangible assets (1,845) (558) (512)
Goodwill impairment (41) (7,349) 0
Total operating expenses (16,527) (25,200) (17,149)
Operating profit/(loss) 3,360 (90) 11,083
Share of profit in associates and joint ventures 958 1,030 1,324
Profit before tax 4,318 940 12,407
Tax expense (1,193) (2,169) (2,470)
Profit/(loss) for the period 3,125 (1,229) 9,937
Attributable to:      
– ordinary shareholders of the parent company 1,977 (2,538) 8,507
– preference shareholders of the parent company 45 45 45
– other equity holders 617 660 664
– non-controlling interests 486 604 721
Profit/(loss) for the period $ 3,125 $ (1,229) $ 9,937
Basic earnings per ordinary share (in dollars per share) $ 0.10 $ (0.13) $ 0.42
Diluted earnings per ordinary share (in dollars per share) $ 0.10 $ (0.13) $ 0.42