Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 162

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 162
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 3 Gain recognised in respect of the acquisition of SVB UK. 4 This line item has been updated to include amounts from Other operating income relating to all sales of business operations; in the 2023 Annual Report and Accounts, this line item only reflected the disposal of our France retail banking business . The amount in 2024 includes a $1.0b n loss on disposal and a $5.2b n loss on the recycling in foreign currency translation reserve losses and other reserves arising on sale of our business in Argentina. This was partly offset by a gain of $4.6b n, inclusive of the recycling of $0.6b n in foreign currency translation reserve losses and $0.4b n of other reserves losses but excluding the $255m gain on the foreign exchange hedging (see footnote 2 above) on the sale of our banking business in Canada. The amount in 2023 primarily reflected losses due to restrictions impacting the recoverability of assets in Russia, partly offset by a gain on sale of our retail banking operations in France. The amount in 2022 included losses from classifying businesses as held for sale as part of a broader restructuring of our European business. 5 Other operating (expense)/income includes a loss on net monetary positions of $1,187 m (2023: $1,667 m; 2022: $ 678 m) as a result of applying IAS 29 ‘Financial Reporting in Hyperinflationary Economies’. 6 Net operating income before change in expected credit losses and other credit impairment charges also referred to as revenue. 7 Includes dividend paid during the period, which consisted of a fourth interim dividend of $ 0.31 per ordinary share in respect of the financial year ended 31 December 2023 paid in April 2024 and the first, second and third interim dividends of $ 0.30 per ordinary share in respect of the financial year ending 31 December 2024. In addition, a special dividend of $ 0.21 per ordinary share from the Canada sale proceeds was paid in June 2024 along with the first interim dividend. 8 In 2024 and 2023, our dividend payout ratio was adjusted for material notable items and related impacts. In 2022, our dividend payout ratio was adjusted for the loss on classification to held for sale of our retail banking business in France, items relating to the sale of our banking business in Canada, and the recognition of certain deferred tax assets. No items