Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001654954-25-004763
Chunk: 35

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 35
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 -4,986 |
| Early redemption of legacy securities                 |                         - |             - |                                                     - |                             - |                                - | -                | -                                |                      - |                                    46 |     46 |
| Operating expenses                                    |                           |               |                                                       |                               |                                  |                  |                                  |                        |                                       |        |
| Disposals, wind-downs, acquisitions and related costs |                         5 |            -4 |                                                     - |                             - |                               -8 | -                | -                                |                    -30 |                                   -13 |    -50 |
| Restructuring and other related costs2                |                        -2 |             4 |                                                    -5 |                            -4 |                               -4 | -                | -                                |                     -9 |                                   -36 |    -56 |

1 Includes a $5.2bn loss on the recycling in foreign currency translation reserve losses and other reserves arising on sale of our business in Argentina.

2 Amounts relate to restructuring provisions recognised in 2024 and reversals of restructuring provisions recognised during 2022.

Alternative performance measures

Use of alternative performance measures

Our reported results are prepared in accordance with IFRS Accounting Standards as detailed in our financial statements starting on page 341 of the Annual Report and Accounts 2024. We use a combination of reported and alternative performance measures, including those derived from our reported results that eliminate factors that distort period-on-period comparisons. These are considered alternative performance measures (non-GAAP financial measures).

The following information details the adjustments made to the reported results and the calculation of other alternative performance measures. All alternative performance measures are reconciled to the closest reported performance measure.

Alternative performance measure definitions

| Alternative performance measure                                   |     |                                                                     | Definition                                                         |
| Reported revenue excluding notable items                          |     |                                                                     | Reported revenue after excluding notable items reported under      
 revenue2                                                           |
| Reported profit before tax excluding notable items                |     |                                                                     | Reported profit before tax after excluding notable items reported  
 under revenue less notable items reported under operating          
 expenses2                                                          |
| Constant currency revenue excluding notable                       
 items1                                                            |     |                                                                     | Reported revenue excluding notable items and the impact of foreign 
 exchange translation2                                              |
| Constant currency profit before tax excluding notable             
 items1                                                            |     |                                                                     | Reported profit before tax excluding notable items and the impact  
 of foreign exchange translation2                                   |
| Constant currency revenue excluding notable items and strategic   
 transactions1                                                     |     |                                                                     | Reported revenue excluding notable items,