HSBC HOLDINGS PLC (HBC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	20-F	20-F	20-F	20-F	20-F	20-F	20-F	20-F
Net interest expense
– interest income
– interest expense
Net fee income
– fee income
– fee expense
Net income from financial instruments held for trading or managed on a fair value basis
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss
Changes in fair value of designated debt and related derivatives	2,144	349	-326	-360	-97	155

Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss
Gains less losses from financial investments
Net insurance premium income
Impairment loss relating to the planned sale of the retail banking operations in France
Other operating income
Total operating income	61,596	63,940	63,074	71,024	63,587	63,776	59,836	71,092
Net insurance claims and benefits paid and movement in liabilities to policyholders	-9,869	-14,388	-12,645	-14,926	-9,807	-12,331	-11,870	-11,292

Net operating income before change in expected credit losses and other credit impairment charges
Change in expected credit losses and other credit impairment charges	-3,592	928	-8,817	-2,756	-1,767	-1,769
Net operating income	48,135	50,480	41,612	53,342	52,013	49,676	44,566	56,079
Employee compensation and benefits	-18,366	-18,742	-18,076	-18,002

General and administrative expenses
Depreciation and impairment of property, plant and equipment and right-of-use assets
Amortisation and impairment of intangible assets
Goodwill impairment
Total operating expenses
Operating profit
Share of profit in associates and joint ventures
Profit before tax
Tax expense
Profit for the year
Attributable to:
– ordinary shareholders of the parent company
– preference shareholders of the parent company		7	90	90	90	90	90	90
– other equity holders	1,213	1,303	1,241	1,324	1,029	1,025	1,090	860

– non-controlling interests
Profit for the year
Basic earnings per ordinary share (in dollars per share)
Diluted earnings per ordinary share (in dollars per share)