Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 552

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 552
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-down of the asset or

disposal group to fair value less costs to sell is recognised. Any such impairment loss is first allocated against the non-current assets that are in

scope of IFRS 5 for measurement. This first reduces the carrying amount of any goodwill allocated to the disposal group, and then to the other

non-current assets of the disposal group pro rata on the basis of the carrying amount of each asset in the disposal group. Thereafter, any

impairment loss in excess of the carrying amount of the non-current assets in scope of IFRS 5 for measurement is recognised against the total

assets of the disposal group.

| 388 | HSBC Holdings plcAnnual Report on Form 20-F |

Notes on the financial statements

2 Net fee income

| Net fee income by global business |                           |                   |                          |                 |        |
|                                   |                      2024 |                   |                          |                 |        |
|                                   | Wealth andPersonalBanking | CommercialBanking | GlobalBanking andMarkets | CorporateCentre |  Total |
|                                   |                        $m |                $m |                       $m |              $m |     $m |
| Funds under management            |                     1,864 |                78 |                      497 |               — |  2,439 |
| Cards                             |                     2,448 |               351 |                       44 |               — |  2,843 |
| Credit facilities                 |                        85 |               722 |                      621 |               — |  1,428 |
| Broking income                    |                       561 |                13 |                      716 |               — |  1,290 |
| Account services                  |                       348 |               791 |                      360 |               — |  1,499 |
| Unit trusts                       |                     1,060 |                10 |                        1 |               — |  1,071 |
| Underwriting                      |                         — |                 8 |                      683 |               — |    691 |
| Global custody                    |                       120 |                 7 |                      704 |               — |    831 |
| Remittances                       |                        77 |               387 |                      361 |               — |    825 |
| Imports/exports                   |                         — |               463 |                      182 |               — |    645 |
| Insurance agency commission       |                       329 |