v3.25.2
Segmental analysis - Notable items (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Revenue      
Disposals, acquisitions and related costs $ (139)   $ 3,571
Operating expenses      
Disposals, wind-downs, acquisitions and related costs (227)   (101)
Expense of restructuring activities (616)    
Reversal of provisions for cost of restructuring     19
Impairment losses of interest in BoCom associate [1],[2] (1,000)   0
Gain/(loss) recognised on assets held for sale [3] (34)   3,256
– foreign exchange losses reclassified to income statement on disposal or dilution of a foreign operation 224 [4] $ 5,168 648
– other reserves reclassified to income statement on disposal or dilution of a foreign operation (56) [4] (5) 352
Foreign exchange reserve      
Operating expenses      
– foreign exchange losses reclassified to income statement on disposal or dilution of a foreign operation 224 [4] $ 5,168 648
Banking business in Canada      
Operating expenses      
Gain/(loss) recognised on assets held for sale     4,800
– other reserves reclassified to income statement on disposal or dilution of a foreign operation     400
Banking business in Canada | Hedges of net investment in foreign operations      
Operating expenses      
Gain/(loss) recognised on assets held for sale     255
Bank of Communications Co., Limited      
Revenue      
Dilution loss of interest in BoCom associate (1,136)   0
Operating expenses      
Impairment losses of interest in BoCom associate (1,000)   $ 0
– foreign exchange losses reclassified to income statement on disposal or dilution of a foreign operation 197    
– other reserves reclassified to income statement on disposal or dilution of a foreign operation [4] 56    
Bank of Communications Co., Limited | Foreign exchange reserve      
Operating expenses      
– foreign exchange losses reclassified to income statement on disposal or dilution of a foreign operation $ 197    
[1] The amount in 1H25 ‘Other operating (expense)/income’ includes a loss of $1.1bn inclusive of reserves recycling as a result of the dilution of our shareholding in BoCom.
We have also recognised a $1.0bn impairment loss following an impairment test on the carrying value of the Group’s investment in BoCom in ‘Impairment of interest in
associate’. See Note 10 on page
[2] Amount in 1H25 includes a $1.0bn impairment loss following an impairment test on the carrying value of the Group’s investment in BoCom.
[3] Includes amounts from ‘Other operating income‘ relating to the execution of all sales of business operations. In 1H24, a gain of $4.6bn inclusive of the recycling of $0.6bn in
foreign currency translation reserve losses and $0.4bn of other reserves recycling losses on the sale of our banking business in Canada, and an impairment loss of $1.2bn
relating to the sale of our business in Argentina was recognised.
3
[4] Amount in 1H25 includes the recycling of a $197m foreign currency translation reserves loss and $56m other reserves gain as a result of the dilution of the
shareholding in BoCom.