Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 161

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 161
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 from continuing to hold the investment, based on a number of management assumptions. See Note 1.2(a) on page 376 . – Impairment of interests in associates: Impairment testing, including testing for reversal of impairment, involves significant judgement in determining the value in use, and in particular estimating the present values of cash flows expected to arise from continuing to hold the investment, based on a number of management assumptions. The most significant judgements relate to the impairment testing of our investment in Bank of Communications Co., Limited (‘BoCom’). See Note 1.2 (a) on page 376 . – Impairment of goodwill and non-financial assets: A high degree of uncertainty is involved in estimating the future cash flows of the cash-generating units (‘CGUs’) and the rates used to discount these cash flows. See Note 1.2 (a) on page 376 and Note 1.2(n) on page 387 . – Provisions: Significant judgement may be required due to the high degree of uncertainty associated with determining whether a present obligation exists, and estimating the probability and amount of any outflows that may arise. See Note 1.2 (m) on page 386 . – Post-employment benefit plans: The calculation of the defined benefit pension obligation involves the determination of key assumptions including discount rate, inflation rate, pension payments and deferred pensions, pay and mortality. See Note 1.2 (k) on page 385 . Given the inherent uncertainties and the high level of subjectivity involved in the recognition or measurement of the items above, it is possible that the outcomes in the next financial year could differ from the expectations on which management’s estimates are based, resulting in the recognition and measurement of materially different amounts from those estimated by management in these financial statements.

| HSBC Holdings plcAnnual Report on Form 20-F | 87 |

Consolidated income statement

| Summary consolidated income statement                                                                                                                 |         |         |         |         |         |
|                                                                                                                                                       |    2024 |    2023 |   20221 |    2021 |    2020 |
|                                                                                                                                                       |      $m |      $m |      $m |      $m |      $m |
| Net interest income                                                                                                                                   |  32,733 |  35,796 |  30,377 |  26,489 |  27,578 |
| Net fee income                                                                                                                                        |  12,301