Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 569

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 569
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1,298 | -2,737 |
| Fair value movements on financial instruments3    |      — |     14 |   -618 |
| Restructuring and other related costs             |      — |      — |   -247 |
| Disposal losses on Markets Treasury repositioning |      — |   -977 |      — |
| Early redemption of legacy securities             |   -237 |      — |      — |
| Operating expenses                                |        |        |        |
| Disposals, acquisitions and related costs         |   -199 |   -321 |    -18 |
| Restructuring and other related costs4            |    -34 |    136 | -2,882 |
| Impairment of interests in associates5            |      — | -3,000 |      — |

1 Amounts in 2024 include 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 is partly offset by a $ 4.8b n gain on disposal of our banking business in Canada, inclusive of a $ 0.3b n gain on the foreign

exchange hedging of the sales proceeds, the recycling of $ 0.6b n in foreign currency translation reserve losses and $ 0.4b n of other reserves losses.

2 Amounts in 2023 include the gain of $ 1.6b n recognised in respect of the acquisition of SVB UK, as well as the impact of the sale of our retail banking operations

in France.

3 Fair value movements on non-qualifying hedges in HSBC Holdings.

4 Amounts in 2024 relate to restructuring provisions recognised in 2024 and reversals of restructuring provisions recognised during 2022. Amounts in 2023 relate

to reversals of restructuring provisions recognised during 2022.

5 Relates to an impairment loss of $ 3.0b n recognised in respect of the Group’s investment in BoCom in 2023.

11 Trading assets

|                                   |    2024 |    2023 |
|                                   |      $m |      $m |
| Treasury and other eligible bills |  32,022 |  24,433 |
| Debt securities                   |  97,275 | 106,108 |
| Equity securities                 | 155,194 | 123,