Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 180

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 180
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                 |        |
| Disposals, acquisitions and related costs      |                        -7 |                 — |                        — |             -11 |    -18 |
| Restructuring and other related costs          |                      -357 |              -266 |                     -252 |          -2,007 | -2,882 |

1 Includes losses from classifying businesses as held for sale as part of a broader restructuring of our European business, of which $2.3bn (inclusive of $0.4bn in goodwill impairments) related to the sale of the retail banking operations in France. Held-for-sale classification for the sale of the retail banking operations in France was reversed in 1Q23 ($2.1bn loss reversed) and reinstated in 4Q23 ($2.0bn loss reinstated). 2 Fair value movements on non-qualifying hedges in HSBC Holdings. 3 Comprises gains and losses relating to the business update in February 2020, including losses associated with the RWA reduction programme.

| HSBC Holdings plcAnnual Report on Form 20-F | 111 |

Strategic transactions supplementary analysis The following table presents the selected impacts of strategic transactions to the Group and our global business segments. These comprise the strategic transactions where the financial impacts of the acquisition or disposal have qualified for material notable item treatment in our results. Material notable items are a subset of notable items and categorisation is dependent on the financial impact on the Group’s income statement. At 2024, strategic transactions classified as material notable items in current and comparative periods comprise the disposal of our retail banking operations in France, our banking business in Canada, the sale of our business in Argentina and the acquisition of SVB UK. The impacts quoted include the gains or losses on classification to held for sale or acquisition and all other related notable items. They also include the distorting impact between the periods of the operating income statement results related to acquisitions and disposals that affect period-on-period comparisons. It is computed by including the operating income statement results of each business in any period for which there are no results in the comparative period. We consider the monthly impacts of distorting income statement results when calculating the impact of strategic transactions.

| Constant currency results                                        |                           |                   |                          |                 |        |
|                                                                  |                      2024 |                   |                          |                 |        |
|                                                                  | Wealth andPersonalBanking | CommercialBanking | GlobalBanking andMarkets | CorporateCentre |  Total |
|                                                                  |                        $m