Investor Presentaiton
Changes to presentation of financial results from 1023
Strategy
Current
Reported performance (IFRS)
Adjust for FX, significant items
I
Adjusted performance61
I
New
Reported performance (IFRS)
Key changes
Adjust for FX
Adjusted performance61
Memo: Notable items
4022 results
Appendix
X
X
× × × × × × ×
X
X
We are making several changes to the presentation of the
Group's financial results with effect from 1 January 2023:
◆ Changing definition of 'adjusted performance':
we will no longer exclude the impact of significant
items when deriving 'adjusted performance'
◆ Notable items: we will separately disclose 'notable
items', those components of our income statement
which would be considered as outside the normal
course of business and generally non-recurring in
nature
Reporting by legal entity: we will replace reporting
by geographical region with reporting by main legal
entity, to better reflect the Group's structure
Impact on targets and guidance
As part of our 1Q23 results, we intend to recalibrate
financial targets and guidance to reflect the impact of:
the above changes, and
the implementation of IFRS 17 'Insurance Contracts'
with effect from 1 January 2023
Region
WPB CMB GBM CC Total
Entity
WPB CMB GBM CC
Total
Asia
X
X X
X
X
The Hongkong and Shanghai Banking
Corporation (Asia)
X
X
o/w HK
✗
✗
Х
X
X
MENA
✗
X
I
Grupo Financiero HSBC (Mexico)
Europe62
X
Х
Х
☑
HSBC UK Bank plc (UK)
✗
✗
X
I
HSBC Bank plc (UK / Europe)
✗
X
Х
✗
North America
✗
Х
☑
X
HSBC N. America Holdings (USA)
X
✗
Latin America
✗
Х
Х
X
HSBC Bank Canada
✗
X
X
X
I
HSBC Middle East (UAE)
✗
✗
✗
Х
Total
X X
X
X X
Other Trading Entities*
X
✗
I
Holding companies, shared service
centres and intra-group eliminations
Total
✗
✗
X
X X
*Including "of which Other Middle East Entities (Oman, Turkey, Egypt and Saudi Arabia)" and "of which SABB"
32View entire presentation