HSBC Holdings PLC Financial Highlights and Ratios

HSBC Holdings PLC (5 HK) - Adj Highlights
In Millions of HKD FY 2013 FY 2014 FY 2015 FY 2016

12 Months Ending 12/31/2013 12/31/2014 12/31/2015 12/31/2016
Market Capitalization HISTORICAL_M 1,602,149.80 1,413,034.58 1,205,292.21 1,249,187.97
Book Value of Equity TOT_COMMON_ 1,410,191.36 1,387,289.02 1,460,583.85 1,359,925.51
Total Deposits BS_CUSTOMER_11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81
Total Loans BS_TOT_LOAN 8,493,876.95 7,653,076.04 7,238,663.15 6,740,883.98
Total Assets BS_TOT_ASSET 20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95
Net Revenue, Adj NET_REV 529,954.99 499,410.92 479,863.44 405,174.53

Growth %, YoY NET_REV_GRO -2.73 -5.74 -3.89 -15.67
Prof Bef Prov, Adj PRETAX_PRE-PR 217,099.81 178,234.20 173,689.53 145,320.08
Margin % PRETAX_PRE-PR 40.97 35.69 36.20 35.87
Operating Income, Adj IS_OPER_INC 171,731.39 148,370.82 144,842.05 118,927.89
Margin % IS_OPER_INC 32.40 29.71 30.18 29.35
Net Income, Adj EARN_FOR_CO 132,554.68 119,874.01 112,131.23 80,708.89
Margin % EARN_FOR_CO 25.01 24.00 23.37 19.92
EPS, Adj IS_DIL_EPS_CO 7.12 6.30 5.71 4.09
Growth %, YoY IS_DIL_EPS_CO 1.56 -11.48 -9.38 -28.48
Tier 1 Common Eqty % BS_TIER1_COM 10.80 10.90 11.90 13.60

Tier 1 Capital Ratio % BS_TIER1_CAP_ 12.00 12.50 13.90 16.10
Total Capital Ratio % BS_TOT_CAP_T 14.90 15.60 17.20 20.10
Source: Bloomberg
FY 2017 FY 2018 FY 2019 Current/LTM FY 2020 Est FY 2021 Est
12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
1,620,145.52 1,293,887.37 1,242,116.75 640,560.26
1,312,466.40 1,283,587.93 1,270,293.89 1,287,528.56
10,659,586.48 10,672,492.50 11,209,554.56 11,876,711.19
7,581,430.91 7,756,392.14 8,143,413.87 7,997,802.95
19,700,831.58 20,035,738.79 21,148,861.96 22,653,145.90
422,536.57 448,082.33 459,045.28 390,600.06 388,082.73 383,998.85

3.88 5.44 2.48 -10.82 -15.46 -1.05
156,610.18 163,570.31 169,309.58 170,860.95
37.06 36.50 36.88 43.74
142,824.87 149,721.30 147,715.93 104,867.76 83,506.25 104,594.97
33.80 33.41 32.18 26.85 21.52 27.24
107,744.57 109,919.64 107,591.46 70,808.34 33,678.92 63,304.15
25.50 24.53 23.44 18.13 8.68 16.49
5.35 5.49 5.36 3.65 1.68 3.08
30.92 2.70 -2.49 -33.48 -68.58 82.71
14.50 14.00 14.70 15.00

17.30 17.00 17.60 17.80
20.90 20.00 20.40 20.70
HSBC Holdings PLC (5 HK) - Multiples
In Millions of HKD except Per Share FY 2013 FY 2014 FY 2015
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
P/E PE_RATIO 13.06 13.74 12.15
Average AVERAGE_PRIC 14.76 12.32 12.59
High PX_ERN_RATIO 15.74 13.83 14.48
Low PX_ERN_RATIO 12.92 11.07 10.67
P/Book PX_TO_BOOK_R 1.14 1.02 0.83

High HIGH_CLOSING 1.23 1.15 1.07
Low LOW_CLOSING_ 1.08 0.96 0.79
P/Tangible Book PX_TO_TANG_B 1.36 1.20 0.95

High HIGH_PRICE_TO 1.48 1.38 1.27
Low LOW_PRICE_TO 1.30 1.15 0.93
P/Sales PX_TO_SALES_ 2.43 2.22 1.97

High HIGH_PX_TO_S 2.41 2.46 2.36
Low LOW_PX_TO_SA 2.00 2.05 1.71
P/Free Cash Flow PX_TO_FREE_C 24.62 9.53 4.29

High HIGH_PRICE_T 24.35 24.90 10.04
Low LOW_PRICE_TO 24.35 9.59 4.34
Price/Share PX_LAST 84.15 74.00 61.90

High PX_HIGH 90.70 86.40 78.25
Low PX_LOW 77.85 71.95 56.80
Market Cap HISTORICAL_M 1,602,149.80 1,413,034.58 1,205,292.21

Average AVG_HIST_MARK 1,578,845.61 1,526,863.94 1,310,023.14
High HIGH_HIST_MAR 1,683,656.74 1,620,307.55 1,501,541.88
Low LOW_HIST_MARK1,476,127.99 1,386,404.53 1,115,999.62
Market Cap / Deposits MKT_CAP_TO_D 0.14 0.13 0.12

Average AVG_MARKET_C 0.15 0.13 0.13
High HIGH_MARKET_ 0.16 0.14 0.14
Low LOW_MARKET_C 0.14 0.12 0.11
Source: Bloomberg
FY 2016 FY 2017 FY 2018 FY 2019 Current FY 2020 Est FY 2021 Est
12/31/2016 12/31/2017 12/31/2018 12/31/2019 10/11/2020 12/31/2020 12/31/2021
115.85 21.61 13.09 26.17 18.70 10.22
11.12 129.82 19.41 12.76
114.69 146.33 22.88 26.04
9.08 21.32 13.13 11.32
0.92 1.23 1.01 0.98 0.50 0.49 0.48

0.73 1.03 1.11 0.98
0.91 1.22 1.31 1.09
0.62 0.90 0.92 0.87
1.05 1.43 1.18 1.12 0.56

0.84 1.18 1.29 1.15
1.04 1.42 1.52 1.28
0.71 1.03 1.07 1.02
2.52 3.08 2.15 1.89 1.63 1.65 1.67

1.74 2.84 2.77 2.09
2.51 3.21 3.26 2.34
1.43 2.47 2.14 1.84
1.68 — 80.81 3.76

3.77 1.89 81.09 78.13
4.60 2.12 81.09 87.08
1.66 1.65 81.09 3.74
62.25 79.95 64.80 60.85 31.45

67.25 80.40 86.00 70.50 31.55
44.50 61.80 60.35 55.30 31.00
1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75 640,560.26

1,070,005.56 1,423,000.93 1,461,289.05 1,266,127.21
1,308,223.00 1,599,573.99 1,716,608.77 1,410,462.34
904,415.19 1,241,708.62 1,205,631.31 1,128,864.30
0.13 0.15 0.12 0.11 0.05

0.11 0.14 0.14 0.12
0.13 0.16 0.16 0.13
0.09 0.13 0.11 0.11
HSBC Holdings PLC (5 HK) - Per Share
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
Basic Shares Outstanding BS_SH_OUT 18,830.01 19,217.87 19,685.10
Diluted Weighted Avg Shares IS_SH_FOR_DIL 18,654.00 19,056.00 19,517.00
Basic Weighted Avg Shares IS_AVG_NUM_S 18,530.00 18,960.00 19,380.00
Per Share Data Items

Revenue REVENUE_PER_ 35.09 33.16 31.11
Net Revenue NET_REVENUE_ 28.54 26.52 25.25
Operating Income OPER_INC_PER 8.47 6.60 6.52
Net Income to Common - Basic IS_EPS 6.52 5.35 5.04
Net Income before XO - Basic IS_EARN_BEF_ 6.52 5.35 5.04
Normalized Net Income - Basic IS_BASIC_EPS 7.15 6.32 5.79
Net Income to Common - Diluted IS_DILUTED_EP 6.52 5.35 4.96
Net Income before XO - Diluted IS_DIL_EPS_BE 6.52 5.35 4.96
Normalized Net Income - Diluted IS_DIL_EPS_CO 7.12 6.30 5.71
Dividends EQY_DPS 3.80 3.88 3.95
Cash Flow CASH_FLOW_PE 4.27 8.32 14.81

Free Cash Flow FREE_CASH_FL 3.46 7.72 14.27
Funds From Operations - Basic CF_FFO_PER_S — — —
Funds From Operations - Diluted CF_FFO_PER_S — — —
Cash & Equivalents CASH_ST_INVE 158.18 164.92 134.39

Book Value BOOK_VAL_PER 74.89 72.19 74.20
Tangible Book Value TANG_BOOK_VA 62.57 61.06 64.51
Source: Bloomberg
FY 2016 FY 2017 FY 2018 FY 2019 Last 12M FY 2020 Est FY 2021 Est
12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
19,866.31 19,995.44 20,035.57 20,313.25 20,366.09
19,845.00 20,072.00 19,983.00 20,233.00 20,162.00
19,753.00 19,972.00 19,896.00 20,158.00 20,162.00
24.94 26.26 30.07 32.55 19.45

19.99 21.26 22.53 23.13 19.46
1.87 5.77 6.84 4.27 1.29
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
4.09 5.39 5.50 5.37 3.65 1.68 3.08
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
4.09 5.35 5.49 5.36 3.65 1.68 3.08
3.96 3.97 4.00 4.00 2.42 0.66 2.23
37.95 -5.02 1.27 16.87 2.87 3.76

37.50 -5.48 0.80 16.35
— — — — -0.46 -0.93
— — — — -0.46 -0.93
149.14 187.22 189.05 179.89 212.86

68.45 65.64 64.07 62.54 63.22 64.50 65.37
60.12 56.48 54.54 54.80 55.82
HSBC Holdings PLC (5 HK) - Stock Value
12 Months Ending 12/31/2011 12/31/2012 12/31/2013
Last Price PX_LAST 59.00 81.30 84.15
Period-over-Period % Change CHG_PCT_PERI -25.97 37.80 3.51
Open Price PX_OPEN 79.75 60.00 82.00
High Price PX_HIGH 91.90 82.00 90.70
Low Price PX_LOW 56.00 58.55 77.85
Market Capitalization HISTORICAL_M 1,056,862.54 1,504,655.08 1,602,149.80

Current Shares Outstanding EQY_SH_OUT 17,868.01 18,475.82 18,829.84
Equity Float EQY_FLOAT 17,853.61 18,457.51 18,819.92
Source: Bloomberg
FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Current
12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 10/11/2020
74.00 61.90 62.25 79.95 64.80 60.85 31.45
-12.06 -16.35 0.57 28.43 -18.95 -6.10
84.90 73.60 61.60 62.25 80.55 64.80 31.50
86.40 78.25 67.25 80.40 86.00 70.50 31.55
71.95 56.80 44.50 61.80 60.35 55.30 31.00
1,413,034.58 1,205,292.21 1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75 640,560.26

19,216.31 19,684.88 19,865.75 19,995.44 20,035.55 20,313.24 20,367.58
19,208.10 19,676.74 19,861.11 19,989.39 20,026.82 20,305.14 20,358.94
HSBC Holdings PLC (5 HK) - GAAP
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
Net Revenue NET_REV 528,876.82 502,784.21 489,275.11
Revenue % NET_REV 100.00 100.00 100.00
+ Net Interest Income NET_INT_INC 278,159.86 271,538.84 253,153.80
Revenue % NET_INT_INC 42.77 43.18 41.99
+ Total Interest Income INTEREST_INC 399,574.10 397,552.83 366,791.59
Revenue % INTEREST_INC 75.55 79.07 74.97
+ Interest Income IS_INT_INC 397,076.48 395,141.12 365,838.02
Revenue % IS_INT_INC 61.45 63.22 60.84
+ Investment Income IS_INVEST_INC 2,497.63 2,411.71 953.57
Revenue % IS_INVEST_INC 0.47 0.48 0.19
- Total Interest Expense IS_INT_EXPENS 121,414.25 126,014.00 113,637.79
Revenue % IS_INT_EXPENS 18.67 20.04 18.85
+ Total Non-Interest Income NON_INT_INC 250,716.97 231,245.38 236,121.31
Revenue % NON_INT_INC 47.41 45.99 48.26
+ Trading Securities G/L GAIN_LOSS_SEC 88,968.34 81,951.75 95,535.44
Revenue % GAIN_LOSS_SEC 16.82 16.30 19.53
+ Trading Account Profits/Losses IS_TRADING_A 73,362.04 71,599.21 79,503.04
Revenue % IS_TRADING_A 13.87 14.24 16.25
+ Investment & Loan Inc (Loss) IS_GAIN_OR_L 15,606.30 10,352.53 16,032.40
Revenue % IS_GAIN_OR_L 2.95 2.06 3.28
+ Other Income (Loss) IS_OTHER_GAI 0.00 0.00 0.00
Revenue % IS_OTHER_GAI 0.00 0.00 0.00
+ Commissions & Fees Earned IS_COMM_AND_ 154,922.81 151,565.76 139,671.06
Revenue % IS_COMM_AND_ 29.29 30.15 28.55
+ Other Operating Income (Losses) IS_OTHER_OPE 6,825.82 -2,272.13 914.81
Revenue % IS_OTHER_OPE 1.29 -0.45 0.19
- Provision for Loan Losses IS_PROV_FOR_ 45,368.42 29,863.38 28,847.47
Revenue % IS_PROV_FOR_ 8.58 5.94 5.90
Net Revenue after Provisions NET_REV_AFT_ 483,508.40 472,920.84 460,427.64
Revenue % NET_REV_AFT_ 91.42 94.06 94.10
- Total Non-Interest Expense NON_INT_EXP 326,514.58 347,697.82 333,974.78
Revenue % NON_INT_EXP 50.21 55.30 55.39
+ Commissions & Fees Paid IS_COMM_FEE_ 27,450.65 27,823.89 25,668.90
Revenue % IS_COMM_FEE_ 5.19 5.53 5.25
+ Other Operating Expenses IS_OPERATING 299,063.93 319,873.93 308,305.88
Revenue % IS_OPERATING 56.55 63.62 63.01
Operating Income (Loss) IS_OPER_INC 156,993.82 125,223.02 126,452.86
Revenue % IS_OPER_INC 24.14 19.91 20.97
- Non-Operating (Income) Loss NONOP_INCOME -18,034.12 -19,634.92 -19,815.68
Revenue % NONOP_INCOME -3.41 -3.91 -4.05
+ (Income) Loss from Affiliates INCOME_LOSS_ -18,034.12 -19,634.92 -19,815.68
Revenue % INCOME_LOSS_ -3.41 -3.91 -4.05
+ Other Non-Op (Income) Loss OTHER_NONOP_ 0.00 0.00 0.00
Revenue % OTHER_NONOP_ 0.00 0.00 0.00
Pretax Income (Loss), GAAP PRETAX_INC 175,027.95 144,857.94 146,268.54
Revenue % PRETAX_INC 33.09 28.81 29.89
- Income Tax Expense (Benefit) IS_INC_TAX_EX 36,960.26 30,824.96 29,235.10
Revenue % IS_INC_TAX_EX 5.68 4.90 4.85
+ Current Income Tax IS_CURRENT_I 30,568.81 30,631.09 29,436.67
Revenue % IS_CURRENT_I 5.78 6.09 6.02
+ Deferred Income Tax IS_DEFERRED_ 6,391.45 193.87 -201.57
Revenue % IS_DEFERRED_ 1.21 0.04 -0.04
Income (Loss) from Cont Ops IS_INC_BEF_XO 138,067.69 114,032.97 117,033.43
Revenue % IS_INC_BEF_XO 26.11 22.68 23.92
- Net Extraordinary Losses (Gains) XO_GL_NET_OF 0.00 0.00 0.00
Revenue % XO_GL_NET_OF 0.00 0.00 0.00
+ Discontinued Operations IS_DISCONTIN 0.00 0.00 0.00
Revenue % IS_DISCONTIN 0.00 0.00 0.00
+ XO & Accounting Changes IS_EXTRAORD_ 0.00 0.00 0.00
Revenue % IS_EXTRAORD_ 0.00 0.00 0.00
Income (Loss) Incl. MI NI_INCLUDING_ 138,067.69 114,032.97 117,033.43
Revenue % NI_INCLUDING_ 26.11 22.68 23.92
- Minority Interest MIN_NONCONTR 12,379.55 7,886.54 12,202.61
Revenue % MIN_NONCONTR 1.90 1.25 2.02
Net Income, GAAP NET_INCOME 125,688.14 106,146.44 104,830.82
Revenue % NET_INCOME 23.77 21.11 21.43
- Preferred Dividends IS_TOT_CASH_ 698.10 697.92 697.74
- Other Adjustments OTHER_ADJUST 3,746.44 3,745.52 6,667.25
Net Income Avail to Common, GAAP EARN_FOR_CO 121,243.60 101,702.99 97,465.84
Net Income Avail to Common, Adj EARN_FOR_CO 132,554.68 119,874.01 112,131.23

Net Abnormal Losses (Gains) IS_NET_ABNOR 11,311.08 18,171.02 14,665.38
Net Extraordinary Losses (Gains) XO_GL_NET_OF 0.00 0.00 0.00

Basic EPS, GAAP IS_EPS 6.52 5.35 5.04
Basic EPS from Cont Ops IS_EARN_BEF_ 6.52 5.35 5.04
Basic EPS from Cont Ops, Adjusted IS_BASIC_EPS 7.15 6.32 5.79
Diluted EPS, GAAP IS_DILUTED_EP 6.52 5.35 4.96
Diluted EPS from Cont Ops IS_DIL_EPS_BE 6.52 5.35 4.96
Diluted EPS from Cont Ops, Adjusted IS_DIL_EPS_CO 7.12 6.30 5.71
Source: Bloomberg
12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
394,780.67 424,601.64 448,340.97 466,300.62 390,600.06 388,082.73 383,998.85
100.00 100.00 100.00 100.00 100.00 100.00 100.00
232,158.17 220,393.55 239,547.82 238,674.09 231,739.51
47.13 42.02 40.05 36.37 71.10
329,972.30 320,288.36 389,402.36 428,543.08
83.58 75.43 86.85 91.90
329,234.87 319,462.33 388,814.54 428,543.08
66.99 61.07 65.10 65.31
737.43 826.03 587.82 0.00
0.19 0.19 0.13 0.00
97,814.13 99,894.81 149,854.54 189,868.99
19.86 19.05 25.05 28.94
162,622.50 204,208.08 208,793.15 227,626.54 158,974.77
41.19 48.09 46.57 48.82 40.70
63,426.65 97,931.04 69,433.13 117,104.03 52,302.42
16.07 23.06 15.49 25.11 13.39
52,675.72 88,969.42 67,724.53 114,479.26
13.34 20.95 15.11 24.55
10,750.94 8,961.62 1,708.59 2,624.77
2.72 2.11 0.38 0.56
0.00 0.00 0.00 0.00 -11,721.75
0.00 0.00 0.00 0.00 -3.00
121,629.21 123,537.90 125,746.14 120,966.75 92,170.45
30.81 29.10 28.05 25.94 23.60
-22,433.37 -17,260.86 13,613.88 -10,444.24 14,606.97
-5.68 -4.07 3.04 -2.24 3.74
26,392.20 13,785.31 13,849.01 21,593.65 66,050.94
6.69 3.25 3.09 4.63 16.91
368,388.47 410,816.33 434,491.96 444,706.97 324,869.32
93.31 96.75 96.91 95.37 83.17
331,454.92 295,546.49 298,478.59 358,575.26 299,060.97
67.29 56.35 49.90 54.65 54.80
22,448.89 23,705.44 26,835.88 26,764.84
5.69 5.58 5.99 5.74
309,006.03 271,841.05 271,642.71 331,810.42 299,060.97
78.27 64.02 60.59 71.16 76.56
36,933.55 115,269.83 136,013.38 86,131.71 25,488.15 83,506.25 104,594.97
7.50 21.98 22.74 13.13 5.69 21.52 27.24
-18,272.71 -18,507.70 -19,876.10 -18,443.92 -15,496.27
-4.63 -4.36 -4.43 -3.96 -3.97
-18,272.71 -18,507.70 -19,876.10 -18,443.92 -15,496.27
-4.63 -4.36 -4.43 -3.96 -3.97
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
55,206.26 133,777.53 155,889.48 104,575.64 40,983.70 72,877.99 110,437.93
13.98 31.51 34.77 22.43 10.49 18.78 28.76
28,457.00 41,207.87 38,129.83 36,347.22 26,205.25
5.78 7.86 6.37 5.54 4.87
28,480.28 33,228.13 32,878.65 29,522.81
7.21 7.83 7.33 6.33
-23.29 7,979.74 5,251.18 6,824.41
-0.01 1.88 1.17 1.46
26,749.27 92,569.66 117,759.65 68,228.41 14,778.45 24,750.11 51,762.73
6.78 21.80 26.27 14.63 6.36 6.38 13.48
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
26,749.27 92,569.66 117,759.65 68,228.41 14,673.51
6.78 21.80 26.27 14.63 3.76
7,506.25 8,423.92 10,173.18 10,381.56 8,496.05
1.52 1.61 1.70 1.58 2.33
19,243.02 84,145.73 107,586.47 57,846.85 6,282.40 24,750.11 51,762.73
4.87 19.82 24.00 12.41 1.61 6.38 13.48
698.62 701.34 705.38 705.16 701.51
8,461.03 7,987.53 8,064.87 10,373.73 9,953.63
10,083.37 75,456.86 98,816.22 46,767.96 -4,372.74 24,750.11 51,762.73
80,708.89 107,744.57 109,919.64 107,591.46 70,808.34 33,678.92 63,304.15

70,625.51 32,287.71 11,103.42 60,823.50 75,383.39
0.00 0.00 0.00 0.00 0.00
19,753.00 19,972.00 19,896.00 20,158.00 20,162.00

0.54 3.74 4.94 2.35 -0.16 1.24 2.42
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
4.09 5.39 5.50 5.37 3.65 1.68 3.08
19,845.00 20,072.00 19,983.00 20,233.00 20,162.00
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
4.09 5.35 5.49 5.36 3.65 1.68 3.08
HSBC Holdings PLC (5 HK) - As Reported
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Income Statement
Interest income
Dividend Income ARD_DIVIDEND 870.11 1,159.86 1,714.30
Total Interest Expense - Consolidated ARD_TOTAL_IN 146,861.99 173,924.84 147,616.35
Total Interest Income ARD_TOTAL_IN 453,272.48 490,450.45 439,839.33
Interest expense
Net Interest Income ARD_NET_INTE 306,410.49 316,525.61 292,222.97
Non-interest income
Other Operating Income ARD_OTHER_OP 19,903.75 13,747.09 16,289.77
Trading Gains (Losses) ARD_TRADING_ 65,491.25 77,414.96 37,737.97
Commission and Fees ARD_COMMISSI — — —
Other Commissions and Fees ARD_OTHER_CO 164,054.42 167,339.31 156,296.47
Commissions & Fees Paid ARD_COMMISSI 29,226.34 33,760.55 28,848.41
Insurance Expense ARD_INSURANC -91,415.84 -87,036.37 -110,266.23
(Gain)/Loss On Sale of Investments ARD_GL_ON_SA 7,520.23 7,060.37 9,223.11
Net Revenue ARD_NET_REVE 530,199.45 562,649.92 530,038.11
Net Operating Income (NOI) ARD_NET_OPER 421,132.83 468,249.59 —
Net Fee & Commission Income (Fee & CoARD_NET_FEE_ — 133,578.76 127,448.06
Revenue From Insurance Activities ARD_REV_FROM 86,591.40 100,199.64 101,182.75
Sale of Business - Non-Operating ARD_SOB_NON_ — — 54,485.40
Operating Expenses
Total Operating Expenses ARD_TOTAL_OP 292,791.73 323,399.16 332,986.19
Salaries Wages and Employee Benefits ARD_SALARIES 154,102.54 164,762.70 158,949.38
Depreciation Expense ARD_DEPRECIA 13,308.01 12,221.37 11,511.44
General and Administrative Expenses ARD_GENERAL_ 117,744.41 135,906.27 155,008.80
Operating Income ARD_OPERATIN 128,341.10 144,850.44 132,583.22
Provision For Loan Loss ARD_PROVISIO 109,066.63 94,400.33 64,468.71
Amortization of Intangible Assets ARD_AMORT_OF 7,636.76 10,508.82 7,516.57
Impairment of Goodwill ARD_IMPAIRME — — —
Non-Operating Expenses
Equity In Earnings of Affiliate/Joint Ventur ARD_EQY_IN_EA -19,554.15 -25,407.99 -27,591.77
Income Tax Expense (Benefit) ARD_INCOME_T 37,647.76 30,576.77 41,228.63
Income Before Income Taxes ARD_INCOME_B 147,895.25 170,258.43 160,174.99
Earnings
Minority/Non Controlling Interest ARD_MINORITY 8,017.43 8,928.60 10,138.44
Total Cash Preferred Dividends ARD_TOTAL_CA — — —
Other Adjustments ARD_OTHER_AD — — —
Dividends Per Share ARD_DVD_PER_ — — —
Basic EPS ARD_BASIC_EP 5.67 7.16 5.74
Diluted EPS ARD_DILUTED_ 5.59 7.08 5.74
Net Income Available For Common SharehARD_NET_INC_ — — —
Amount Of Final Dividend ARD_AMOUNT_F 16,508.77 19,577.54 25,807.65
Amount Of Interim Dividend ARD_AMT_INTER 32,660.17 37,434.75 38,273.20
Final Dividend Per Share ARD_FINAL_DIV 0.93 1.09 1.40
Interim Dividend Per Share ARD_INTERIM_ 1.86 2.10 2.09
Profit After Taxation Before Minority ARD_PROF_AFT 110,247.49 139,681.66 118,946.36
Net Income ARD_NET_INC 102,230.06 130,753.05 108,807.91
Others
Int Expense-Avg Int Bearing Liabilities ARDR_INT_EXP 146,861.99 173,924.84 147,616.35
Comprehensive Income
Foreign Currency Translation AdjustmeARD_FOR_CRNC -4,404.93 -22,302.05 7,888.90
Unrealized Gain (Loss) On Securities ARD_UNREALIZ 49,036.87 8,111.25 42,865.37
Change In Fair Value of Derivatives ARD_CHG_FAIR -2,105.35 1,455.67 1,000.66
Pension Related Adjustments ARD_PENSION_ -473.90 9,862.72 -1,512.62
Income Tax Exp Related to ComprehensARD_INC_TAX_ -3,705.73 -1,580.21 -3,692.35
Other Comprehensive Income ARD_OTHER_CO 831.26 -5,526.86 —
Total Comprehensive Income ARD_TOTAL_CO 140,514.86 119,613.71 158,670.12
Foreign Currency Translation AdjustmeARD_FOR_CRNC — — —
Unrealized Gain (Loss) On Secs Relate ARD_UNREALIZ — — —
Tax Related To Chg In Fair Value of DerARD_CHG_IN_F — — —
Tax Related To Minimum Pension LiabiliARD_MIN_PENS — — —
Tax Related To Other Comprehensive I ARD_TAX_RELA — — —
Comprehensive Income Attrib to MinoritARD_COMPREHE 8,910.85 — 10,960.69
Net Income - Comprehensive Income ARD_COMPREHE — — —
Total Comprehensive Inc Including Minor
ARD_TOT_COMP_ — — —
Reference Items
Int Inc-Avg FF Sold & Resale AgreemenARDR_INT_INC — — —
Int Expense-Average Fed Funds and R ARDR_INT_EXP — — —
Int Income-Average Investment SecuritiARDR_INT_INC 72,832.80 79,625.71 70,418.35
Interest Income-Average Total Loans ARDR_INT_INC 343,273.60 352,240.02 318,371.93
Interest Income-Average Earning AssetARDR_INT_INC 453,272.48 490,450.45 439,839.33
Int Expense-Average Int Bearing DeposiARDR_INT_EXP 83,732.47 104,745.67 84,381.01
Interest Expense-Average Long Term DARDR_INT_EXP 38,308.11 40,945.47 36,884.70
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
2,497.63 2,411.71 953.57 737.43 826.03 587.82 —

121,414.25 126,014.00 113,637.79 97,814.13 99,894.81 149,854.54 189,868.99
397,076.48 395,141.12 365,838.02 329,234.87 319,462.33 388,814.54 428,543.08
275,662.23 269,127.12 252,200.23 231,420.74 219,567.53 238,960.00 238,674.09
20,415.40 8,770.57 8,179.01 -7,537.30 2,626.14 6,936.26 23,168.51

73,362.04 71,599.21 79,503.04 52,675.72 88,969.42 67,724.53 114,479.26
— — — 121,629.21 123,537.90 125,746.14 120,966.75
154,922.81 151,565.76 139,671.06 — — — —
27,450.65 27,823.89 25,668.90 22,448.89 23,705.44 26,835.88 26,764.84
-106,203.53 -103,486.57 -87,542.50 -92,139.81 -96,091.96 -76,863.15 -116,947.33
15,606.30 10,352.53 16,032.40 10,750.94 8,961.62 1,708.59 2,624.77
501,426.17 474,960.32 463,606.21 372,331.77 400,896.20 421,505.09 439,535.78
— 445,096.94 434,758.74 345,939.58 387,110.89 407,656.08 417,942.13
127,472.16 123,741.87 114,002.16 99,180.32 99,832.47 98,910.27 94,201.91
92,613.95 92,443.87 80,278.30 77,243.75 76,204.96 83,540.77 83,334.57
— — — — — — —
299,063.93 319,873.93 308,305.88 309,006.03 271,841.05 271,642.71 331,810.42

148,895.92 157,932.37 154,276.98 140,414.24 134,930.85 136,162.29 141,048.22
10,580.02 10,717.01 9,838.06 6,031.39 5,423.73 6,379.79 8,383.60
132,366.58 143,966.14 136,926.64 127,870.19 122,400.17 120,330.38 108,344.34
156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71
45,368.42 29,863.38 28,847.47 26,392.20 13,785.31 13,849.01 21,593.65
7,221.41 7,258.41 7,264.20 9,540.00 9,086.31 8,770.25 16,453.80
— — — 25,150.21 0.00 0.00 57,580.46
-18,034.12 -19,634.92 -19,815.68 -18,272.71 -18,507.70 -19,876.10 -18,443.92

36,960.26 30,824.96 29,235.10 28,457.00 41,207.87 38,129.83 36,347.22
175,027.95 144,857.94 146,268.54 55,206.26 133,777.53 155,889.48 104,575.64
12,379.55 7,886.54 12,202.61 7,506.25 8,423.92 10,173.18 10,381.56

— — — 698.62 701.34 705.38 705.16
— — — 8,461.03 7,987.53 8,064.87 10,373.73
— — 3.95 — — — —
6.52 5.35 5.04 0.54 3.74 4.94 2.35
6.52 5.35 4.96 0.54 3.74 4.94 2.35
— — — 10,083.37 75,456.86 98,816.22 46,767.96
27,753.16 27,777.36 29,808.79 32,384.78 32,487.83 32,894.33 32,954.61
43,421.51 44,496.51 45,469.07 46,279.49 46,943.31 46,947.11 47,504.46
1.47 1.55 1.63 1.63 1.64 1.65 1.65
2.33 2.33 2.33 2.33 2.34 2.35 2.35
138,067.69 114,032.97 117,033.43 26,749.27 92,569.66 117,759.65 68,228.41
125,688.14 106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85
121,414.25 126,014.00 113,637.79 97,814.13 99,894.81 149,854.54 189,868.99
-11,200.55 -69,311.58 -86,147.03 -61,299.75 69,659.08 -56,085.73 8,179.89

-21,547.87 37,176.07 -27,452.00 -2,709.08 -16,536.14 27,705.85 -17,824.95
-915.28 -12,965.87 -7.75 -791.77 -1,659.85 391.88 2,076.31
-3,552.53 15,393.09 1,007.84 -652.04 26,806.94 -3,040.98 -133.20
8,144.44 -4,063.47 — — — — —
— — -69.77 419.17 -335.09 -1,081.59 13,907.38
98,074.60 — 3,566.20 -44,928.83 156,080.28 72,121.42 64,655.59
— — 1,294.69 -1,513.67 1,075.39 0.00 0.00
— — 3,635.98 388.12 1,901.42 -5,603.87 5,006.66
— — -178.31 263.92 163.65 -242.97 -462.27
— — -224.83 706.38 -7,956.36 462.42 235.05
— — — — — 893.48 -3,016.53
10,929.07 — 5,326.04 6,489.38 9,608.42 9,036.73 11,541.16
— — 117,033.43 26,749.27 92,569.66 117,759.65 68,228.41
— — 8,892.25 -38,439.46 165,688.70 81,158.15 76,196.75
7,717.83 13,958.47 10,086.15 9,524.48 17,073.84 29,304.71 36,746.81

3,141.43 5,056.07 2,752.18 4,859.27 12,974.87 26,718.31 31,520.78
62,068.41 64,542.43 58,206.61 56,261.95 57,977.80 71,839.26 83,875.19
298,854.50 290,250.95 256,642.48 227,221.28 224,048.34 260,873.87 278,758.67
397,076.48 395,141.12 365,838.02 329,234.87 319,462.33 388,814.54 428,543.08
68,211.64 70,808.23 57,377.08 42,631.16 42,119.62 64,950.03 88,051.32
32,438.15 35,314.94 27,296.95 21,789.09 24,391.20 — —
HSBC Holdings PLC (5 HK) - GAAP %
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
+ Net Interest Income NET_INT_INC 52.59 54.01 51.74
+ Total Interest Income INTEREST_INC 75.55 79.07 74.97
+ Interest Income IS_INT_INC 75.08 78.59 74.77
+ Investment Income IS_INVEST_INC 0.47 0.48 0.19
- Total Interest Expense IS_INT_EXPENS 22.96 25.06 23.23
+ Total Non-Interest Income NON_INT_INC 47.41 45.99 48.26
+ Trading Securities G/L GAIN_LOSS_SEC 16.82 16.30 19.53
+ Trading Account Profits/Losses IS_TRADING_A 13.87 14.24 16.25
+ Investment & Loan Inc (Loss) IS_GAIN_OR_L 2.95 2.06 3.28
+ Commissions & Fees Earned IS_COMM_AND_ 29.29 30.15 28.55
+ Other Operating Income (Losses) IS_OTHER_OPE 1.29 -0.45 0.19
- Provision for Loan Losses IS_PROV_FOR_ 8.58 5.94 5.90
Net Revenue after Provisions NET_REV_AFT_ 91.42 94.06 94.10
- Total Non-Interest Expense NON_INT_EXP 61.74 69.15 68.26
+ Commissions & Fees Paid IS_COMM_FEE_ 5.19 5.53 5.25
+ Other Operating Expenses IS_OPERATING 56.55 63.62 63.01
Operating Income (Loss) IS_OPER_INC 29.68 24.91 25.84
- Non-Operating (Income) Loss NONOP_INCOME -3.41 -3.91 -4.05
+ (Income) Loss from Affiliates INCOME_LOSS_ -3.41 -3.91 -4.05
Pretax Income (Loss), GAAP PRETAX_INC 33.09 28.81 29.89
- Income Tax Expense (Benefit) IS_INC_TAX_EX 6.99 6.13 5.98
+ Current Income Tax IS_CURRENT_I 5.78 6.09 6.02
+ Deferred Income Tax IS_DEFERRED_ 1.21 0.04 -0.04
Income (Loss) from Cont Ops IS_INC_BEF_XO 26.11 22.68 23.92
Income (Loss) Incl. MI NI_INCLUDING_ 26.11 22.68 23.92
- Minority Interest MIN_NONCONTR 2.34 1.57 2.49
Net Income, GAAP NET_INCOME 23.77 21.11 21.43
- Other Adjustments OTHER_ADJUST 0.71 0.74 1.36
Net Income Avail to Common, GAAP EARN_FOR_CO 22.92 20.23 19.92
Net Abnormal Losses (Gains) IS_NET_ABNOR 2.14 3.61 3.00
Basic Weighted Avg Shares IS_AVG_NUM_S 3.50 3.77 3.96

Diluted Weighted Avg Shares IS_SH_FOR_DIL 3.53 3.79 3.99

Source: Bloomberg
12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
394,780.67 424,601.64 448,340.97 466,300.62 390,600.06 388,082.73 383,998.85
58.81 51.91 53.43 51.18 59.33
83.58 75.43 86.85 91.90
83.40 75.24 86.72 91.90
0.19 0.19 0.13 0.00
24.78 23.53 33.42 40.72
41.19 48.09 46.57 48.82 40.70
16.07 23.06 15.49 25.11 13.39
13.34 20.95 15.11 24.55
2.72 2.11 0.38 0.56
0.00 0.00 0.00 0.00 -3.00
30.81 29.10 28.05 25.94 23.60
-5.68 -4.07 3.04 -2.24 3.74
6.69 3.25 3.09 4.63 16.91
93.31 96.75 96.91 95.37 83.17
83.96 69.61 66.57 76.90 76.56
5.69 5.58 5.99 5.74
78.27 64.02 60.59 71.16 76.56
9.36 27.15 30.34 18.47 6.53 21.52 27.24
-4.63 -4.36 -4.43 -3.96 -3.97
-4.63 -4.36 -4.43 -3.96 -3.97
0.00 0.00 0.00 0.00 0.00
13.98 31.51 34.77 22.43 10.49 18.78 28.76
7.21 9.71 8.50 7.79 6.71
7.21 7.83 7.33 6.33
-0.01 1.88 1.17 1.46
6.78 21.80 26.27 14.63 3.78 6.38 13.48
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
6.78 21.80 26.27 14.63 3.76
1.90 1.98 2.27 2.23 2.18
4.87 19.82 24.00 12.41 1.61 6.38 13.48
0.18 0.17 0.16 0.15 0.18
2.14 1.88 1.80 2.22 2.55
2.55 17.77 22.04 10.03 -1.12 6.38 13.48
17.89 7.60 2.48 13.04 19.30
0.00 0.00 0.00 0.00 0.00
5.00 4.70 4.44 4.32 5.16

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.03 4.73 4.46 4.34 5.16

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
HSBC Holdings PLC (5 HK) - Standardized
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Total Assets
+ Cash & Cash Equivalents BS_CASH_NEAR 493,223.02 1,072,645.13 1,153,605.20
Assets % BS_CASH_NEAR 2.59 5.40 5.53
+ Interbanking Assets INTERBANKING 1,618,848.83 1,405,653.63 1,182,368.79
Assets % INTERBANKING 8.48 7.08 5.67
+ Fed Funds Sold & Repos BS_FED_FDS_S — — —
Assets % BS_FED_FDS_S — — —
+ Other Interbank Assets BS_OTHER_INT 1,618,848.83 1,405,653.63 1,182,368.79
Assets % BS_OTHER_INT 8.48 7.08 5.67
+ ST And LT Investments ST_AND_LT_INV 6,543,726.00 6,075,601.48 6,869,134.36
Assets % ST_AND_LT_INV 34.30 30.61 32.91
+ Trading Securities/FVTPL TRADING_SECS 2,992,932.19 2,566,480.74 3,168,653.18
Assets % TRADING_SECS 15.69 12.93 15.18
+ Available for Sales/FVTOCI AV_SA_FA_AT_ 2,963,426.64 2,942,337.58 3,082,439.92
Assets % AV_SA_FA_AT_ 15.53 14.82 14.77
+ Held to Maturity/Amortized at Cost HTM_AMORTIZE 151,561.83 164,644.15 181,471.82
Assets % HTM_AMORTIZE 0.79 0.83 0.87
+ Real Estate Investments BS_RE_INVEST — — —
Assets % BS_RE_INVEST — — —
+ Other Investments BS_OTHER_INV 435,805.35 402,139.01 436,569.44
Assets % BS_OTHER_INV 2.28 2.03 2.09
+ Total Commercial Loans BS_COMM_LOA 4,253,563.75 4,341,801.23 4,609,855.53
Assets % BS_COMM_LOA 22.29 21.88 22.09
+ Commercial RE Loans BS_COMMERCIA 558,708.86 574,270.17 594,959.08
Assets % BS_COMMERCIA 2.93 2.89 2.85
+ Other Commercial Loans BS_OTHER_COM 3,694,854.89 3,767,531.06 4,014,896.44
Assets % BS_OTHER_COM 19.37 18.98 19.24
+ Total Consumer Loans BS_CONS_LOAN 3,305,927.30 3,057,127.93 3,217,344.33
Assets % BS_CONS_LOAN 17.33 15.40 15.42
+ Credit Card Loans BS_CREDIT_CA 484,898.36 229,021.50 238,696.72
Assets % BS_CREDIT_CA 2.54 1.15 1.14
+ Home Equity Loans BS_HOME_EQUI 86,822.18 65,689.90 53,954.01
Assets % BS_HOME_EQUI 0.46 0.33 0.26
+ 1-4 Family Residential Loans BS_1-4_FAMILY 2,088,403.68 2,166,594.04 2,339,702.18
Assets % BS_1-4_FAMILY 10.95 10.92 11.21
+ Auto Loans AUTO_LOANS 47,009.89 35,470.06 30,344.77
Assets % AUTO_LOANS 0.25 0.18 0.15
+ Other Consumer Loans BS_OTHER_CO 598,793.19 560,352.42 554,646.65
Assets % BS_OTHER_CO 3.14 2.82 2.66
+ Other Loans BS_OTHER_LOA 45,797.34 41,007.65 30,158.75
Assets % BS_OTHER_LOA 0.24 0.21 0.14
+ Total Loans BS_TOT_LOAN 7,605,288.39 7,439,936.80 7,857,358.61
Assets % BS_TOT_LOAN 39.86 37.48 37.65
- Reserve for Loan Losses BS_RSRV_LOAN 156,101.14 136,000.93 124,882.50
Assets % BS_RSRV_LOAN 0.82 0.69 0.60
+ Net Loans BS_LOAN_MTG 7,449,187.24 7,303,935.87 7,732,476.11
Assets % BS_LOAN_MTG 39.04 36.80 37.05
+ Net Fixed Assets BS_NET_FIX_AS 89,550.43 84,384.11 82,066.53
Assets % BS_NET_FIX_AS 0.47 0.43 0.39
+ Property, Plant & Equip BS_TOT_OTHER 89,550.43 84,384.11 82,066.53
Assets % BS_TOT_OTHER 0.47 0.43 0.39
+ Total Intangible Assets BS_DISCLOSED_ 232,577.72 225,495.46 231,387.62
Growth (YoY) BS_DISCLOSED_ 0.01 -3.05 2.61
Assets % BS_DISCLOSED_ 1.22 1.14 1.11
+ Goodwill BS_GOODWILL 174,157.36 165,723.71 165,791.75
Assets % BS_GOODWILL 0.91 0.83 0.79
+ Other Intangible Assets OTHER_INTANG 58,420.36 59,771.75 65,595.87
Assets % OTHER_INTANG 0.31 0.30 0.31
+ Investments in Associates BS_INVEST_IN 133,676.61 158,430.87 138,229.55
Assets % BS_INVEST_IN 0.70 0.80 0.66
+ Total Deferred Tax Assets BS_TOTAL_DEF_ 54,495.10 60,004.75 58,674.31
Assets % BS_TOTAL_DEF_ 0.29 0.30 0.28
+ Total Derivative Assets BS_TOTAL_DERI 2,026,812.01 2,690,187.14 2,770,559.21
Assets % BS_TOTAL_DERI 10.62 13.55 13.28
+ Customer Acceptances & Liab BS_CUST_ACCP 0.00 0.00 0.00
Assets % BS_CUST_ACCP 0.00 0.00 0.00
+ Other Assets OTHER_NONCUR 437,709.69 771,821.41 651,091.10
Assets % OTHER_NONCUR 2.29 3.89 3.12
Total Assets BS_TOT_ASSET 19,079,806.66 19,848,159.86 20,869,592.78
Assets % BS_TOT_ASSET 100.00 100.00 100.00
Liabilities & Shareholders' Equity

+ Total Deposits BS_CUSTOMER_ 9,542,860.88 9,738,733.91 10,386,314.51
Total Liab & Equity % BS_CUSTOMER_ 50.02 49.07 49.77
+ ST Borrowings & Repos ST_BORROW_&_ 3,196,851.59 2,935,883.53 3,193,308.79
Total Liab & Equity % ST_BORROW_&_ 16.76 14.79 15.30
+ Secs Sold Under Repo BS_SEC_SOLD_ — — —
Total Liab & Equity % BS_SEC_SOLD_ — — —
+ Trading Account Liabilities BS_TRADING_AC 2,337,304.28 2,059,640.19 2,360,637.36
Total Liab & Equity % BS_TRADING_AC 12.25 10.38 11.31
+ ST Lease Liabilities ST_CAPITALIZED 676.23 559.20 465.05
Total Liab & Equity % ST_CAPITALIZED 0.00 0.00 0.00
+ ST Finance Leases ST_CAPITAL_LE 676.23 559.20 465.05
Total Liab & Equity % ST_CAPITAL_LE 0.00 0.00 0.00
+ ST Borrowings SHORT_TERM_D 858,871.08 875,684.15 832,206.38
Total Liab & Equity % SHORT_TERM_D 4.50 4.41 3.99
+ LT Debt BS_LT_BORRO 1,389,683.37 1,255,230.13 1,154,419.05
Total Liab & Equity % BS_LT_BORRO 7.28 6.32 5.53
+ LT Lease Liabilities LT_CAPITALIZED 2,852.62 3,005.67 1,891.22
Total Liab & Equity % LT_CAPITALIZED 0.01 0.02 0.01
+ LT Finance Leases LT_CAPITAL_LE 2,852.62 3,005.67 1,891.22
Total Liab & Equity % LT_CAPITAL_LE 0.01 0.02 0.01
+ LT Borrowings LONG_TERM_BO 1,386,830.75 1,252,224.45 1,152,527.83
Total Liab & Equity % LONG_TERM_BO 7.27 6.31 5.52
+ Pension Liabilities PENSION_LIABIL 29,971.92 28,472.36 30,267.26
Total Liab & Equity % PENSION_LIABIL 0.16 0.14 0.15
+ Total Deferred Tax Liabilities BS_ADJ_DEFER 8,495.67 11,789.70 8,595.75
Total Liab & Equity % BS_ADJ_DEFER 0.04 0.06 0.04
+ Total Derivative Liabilities BS_TOTAL_DERIV2,010,551.31 2,682,428.31 2,781,689.50
Total Liab & Equity % BS_TOTAL_DERIV 10.54 13.51 13.33
+ Other Liabilities OTHER_CURREN 1,697,268.61 1,905,644.04 1,895,583.36
Total Liab & Equity % OTHER_CURREN 8.90 9.60 9.08
Total Liabilities BS_TOT_LIAB2 17,875,683.35 18,558,181.97 19,450,178.22
Total Liab & Equity % BS_TOT_LIAB2 93.69 93.50 93.20
+ Preferred Equity and Hybrid Capital BS_PFD_EQTY_ 21,188.65 21,063.02 21,144.46
Total Liab & Equity % BS_PFD_EQTY_ 0.11 0.11 0.10
+ Share Capital & APIC BS_SH_CAP_AN 134,446.12 135,068.94 149,762.89
Total Liab & Equity % BS_SH_CAP_AN 0.70 0.68 0.72
+ Common Stock BS_COMMON_S 68,734.87 69,386.80 71,602.81
Total Liab & Equity % BS_COMMON_S 0.36 0.35 0.34
+ Additional Paid in Capital BS_ADD_PAID_I 65,711.25 65,682.14 78,160.08
Total Liab & Equity % BS_ADD_PAID_I 0.34 0.33 0.37
+ Retained Earnings BS_PURE_RETA 756,682.08 868,834.01 932,797.56
Total Liab & Equity % BS_PURE_RETA 3.97 4.38 4.47
+ Other Equity OTHER_EQUITY 256,657.86 228,850.64 275,722.77
Total Liab & Equity % OTHER_EQUITY 1.35 1.15 1.32
Equity before Minority Interest EQTY_BEF_MINO1,168,974.71 1,253,816.60 1,379,427.67
Total Liab & Equity % EQTY_BEF_MINO 6.13 6.32 6.61
+ Minority/Non Controlling Interest MINORITY_NON 35,148.60 36,161.29 39,986.89
Total Liab & Equity % MINORITY_NON 0.18 0.18 0.19
Total Equity TOTAL_EQUITY 1,204,123.31 1,289,977.89 1,419,414.57
Total Liab & Equity % TOTAL_EQUITY 6.31 6.50 6.80
Total Liabilities & Equity TOT_LIAB_AND 19,079,806.66 19,848,159.86 20,869,592.78
Total Liab & Equity % TOT_LIAB_AND 100.00 100.00 100.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
1,338,460.96 1,045,877.05 811,450.97 1,031,361.75 1,462,868.80 1,320,743.89 1,238,911.21

6.46 5.12 4.35 5.60 7.43 6.59 5.86
1,640,091.53 2,123,498.56 1,834,107.67 1,931,496.49 2,280,769.74 2,466,915.87 2,415,158.30
7.92 10.40 9.82 10.49 11.58 12.31 11.42
— 1,253,906.43 1,133,490.88 1,248,176.30 1,574,592.50 1,901,689.49 1,876,122.29
— 6.14 6.07 6.78 7.99 9.49 8.87
1,640,091.53 869,592.13 700,616.79 683,320.19 706,177.23 565,226.38 539,036.01
7.92 4.26 3.75 3.71 3.58 2.82 2.55
6,146,956.76 6,019,903.10 5,471,989.11 5,571,433.03 5,708,400.74 5,659,022.96 6,072,382.43
29.68 29.47 29.30 30.25 28.98 28.24 28.71
2,350,890.13 2,358,682.10 1,742,509.23 1,750,458.43 2,171,569.41 1,865,081.79 1,980,567.67
11.35 11.55 9.33 9.51 11.02 9.31 9.36
3,108,040.95 2,928,772.09 2,982,649.24 3,023,044.01 2,626,159.33 2,700,284.10 2,785,238.77
15.01 14.34 15.97 16.42 13.33 13.48 13.17
194,496.32 292,717.48 341,794.91 363,836.25 413,419.10 490,812.65 667,807.06
0.94 1.43 1.83 1.98 2.10 2.45 3.16
— — — — — — —
— — — — — — —
493,529.37 439,731.42 405,035.73 434,094.34 497,252.90 602,844.43 638,768.92
2.38 2.15 2.17 2.36 2.52 3.01 3.02
5,288,114.86 4,585,454.86 4,339,490.24 4,106,124.27 4,640,248.39 4,667,865.88 4,760,790.20
25.53 22.45 23.24 22.30 23.55 23.30 22.51
580,340.91 568,306.59 526,433.29 497,575.52 603,984.54 — —
2.80 2.78 2.82 2.70 3.07 — —
4,707,773.95 4,017,148.27 3,813,056.95 3,608,548.75 4,036,263.86 4,667,865.88 4,760,790.20
22.73 19.67 20.42 19.60 20.49 23.30 22.51
3,184,702.77 3,051,578.36 2,899,172.91 2,634,759.71 2,941,182.52 3,088,526.25 3,382,623.67
15.38 14.94 15.52 14.31 14.93 15.42 15.99
235,374.35 221,117.97 201,572.35 185,612.86 202,182.32 200,848.94 208,501.31
1.14 1.08 1.08 1.01 1.03 1.00 0.99
41,513.85 34,822.76 29,427.13 13,600.34 10,585.67 9,234.16 6,924.60
0.20 0.17 0.16 0.07 0.05 0.05 0.03
2,325,170.78 2,221,678.44 2,127,487.70 1,936,753.63 2,173,170.93 2,297,442.72 2,509,508.88
11.23 10.88 11.39 10.52 11.03 11.47 11.87
20,880.98 15,143.37 7,548.60 6,365.95 6,960.76 11,466.34 12,750.92
0.10 0.07 0.04 0.03 0.04 0.06 0.06
561,762.81 558,815.82 533,137.13 492,426.93 548,282.84 569,534.09 644,937.97
2.71 2.74 2.85 2.67 2.78 2.84 3.05
21,059.32 16,042.82 0.00 0.00 0.00 0.00 0.00
0.10 0.08 0.00 0.00 0.00 0.00 0.00
8,493,876.95 7,653,076.04 7,238,663.15 6,740,883.98 7,581,430.91 7,756,392.14 8,143,413.87
41.01 37.47 38.76 36.60 38.48 38.71 38.51
117,415.79 95,659.86 74,052.21 60,868.12 58,467.25 67,552.73 68,015.29
0.57 0.47 0.40 0.33 0.30 0.34 0.32
8,376,461.16 7,557,416.17 7,164,610.95 6,680,015.87 7,522,963.66 7,688,839.41 8,075,398.58
40.44 37.00 38.36 36.27 38.19 38.38 38.18
84,105.47 81,664.07 76,904.24 72,677.30 78,333.93 78,791.93 81,630.82
0.41 0.40 0.41 0.39 0.40 0.39 0.39
84,105.47 81,664.07 76,904.24 72,677.30 78,333.93 78,791.93 81,630.82
0.41 0.40 0.41 0.39 0.40 0.39 0.39
231,978.19 213,829.30 190,691.21 165,514.75 183,221.87 190,768.90 157,053.64
0.26 -7.82 -10.82 -13.20 10.70 4.12 -17.67
1.12 1.05 1.02 0.90 0.93 0.95 0.74
164,217.73 148,634.51 126,280.13 95,605.59 106,153.53 101,708.95 43,541.63
0.79 0.73 0.68 0.52 0.54 0.51 0.21
67,760.46 65,194.79 64,411.08 69,909.16 77,068.34 89,059.95 113,512.01
0.33 0.32 0.34 0.38 0.39 0.44 0.54
129,023.23 140,973.66 148,329.16 155,302.86 177,682.95 175,496.11 190,632.88
0.62 0.69 0.79 0.84 0.90 0.88 0.90
57,812.33 55,137.98 46,895.86 47,787.29 36,530.31 34,853.29 36,079.57
0.28 0.27 0.25 0.26 0.19 0.17 0.17
2,188,626.36 2,675,157.53 2,235,717.85 2,255,392.40 1,717,284.16 1,627,726.97 1,892,736.65
10.57 13.10 11.97 12.25 8.72 8.12 8.95
0.00 0.00 — 0.00 0.00 0.00 0.00
0.00 0.00 — 0.00 0.00 0.00 0.00
519,349.52 511,392.97 694,377.96 504,422.21 532,775.42 792,579.48 988,877.89
2.51 2.50 3.72 2.74 2.70 3.96 4.68
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
100.00 100.00 100.00 100.00 100.00 100.00 100.00
11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81 10,659,586.48 10,672,492.50 11,209,554.56

55.51 51.27 53.52 53.57 54.11 53.27 53.00
2,607,114.45 2,911,046.68 2,142,011.39 2,346,237.09 3,002,149.71 2,401,712.80 2,200,729.41
12.59 14.25 11.47 12.74 15.24 11.99 10.41
— 833,016.98 623,108.04 689,771.44 1,015,614.62 1,299,236.66 1,093,167.48
— 4.08 3.34 3.75 5.16 6.48 5.17
1,605,230.45 1,477,676.23 1,097,522.66 1,191,704.64 1,440,283.44 661,280.48 647,827.76
7.75 7.23 5.88 6.47 7.31 3.30 3.06
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
1,001,884.01 600,353.46 421,380.69 464,761.01 546,251.64 441,195.66 459,734.16
4.84 2.94 2.26 2.52 2.77 2.20 2.17
1,031,689.61 950,713.43 865,306.42 673,806.16 659,139.38 844,146.68 1,006,014.13
4.98 4.65 4.63 3.66 3.35 4.21 4.76
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
1,031,689.61 950,713.43 865,306.42 673,806.16 659,139.38 844,146.68 1,006,014.13
4.98 4.65 4.63 3.66 3.35 4.21 4.76
22,726.39 24,874.51 21,770.03 20,788.21 16,812.07 16,972.38 13,794.67
0.11 0.12 0.12 0.11 0.09 0.08 0.07
7,055.96 11,816.94 13,640.18 12,584.58 15,483.98 20,512.53 26,288.55
0.03 0.06 0.07 0.07 0.08 0.10 0.12
2,126,743.28 2,641,513.36 2,178,328.36 2,169,688.54 1,693,870.70 1,612,140.89 1,865,490.03
10.27 12.93 11.66 11.78 8.60 8.05 8.82
1,943,327.14 1,861,533.05 1,928,813.89 1,910,654.01 2,107,961.66 2,946,363.99 3,326,261.02
9.38 9.11 10.33 10.38 10.70 14.71 15.73
19,236,084.51 18,874,240.98 17,144,290.71 16,999,712.39 18,155,003.97 18,514,341.78 19,648,132.37
92.87 92.41 91.80 92.31 92.15 92.41 92.90
20,842.21 108,236.69 16,096.96 2,016.01 173,823.68 175,182.82 162,568.39
0.10 0.53 0.09 0.01 0.88 0.87 0.77
159,340.59 166,918.21 172,540.48 176,129.84 158,878.75 186,320.21 189,106.20
0.77 0.82 0.92 0.96 0.81 0.93 0.89
73,002.03 74,507.23 76,276.48 78,283.37 79,372.97 79,731.80 80,376.75
0.35 0.36 0.41 0.43 0.40 0.40 0.38
86,338.56 92,410.98 96,263.99 97,846.46 79,505.78 106,588.41 108,729.44
0.42 0.45 0.52 0.53 0.40 0.53 0.51
998,131.17 1,063,400.86 1,115,828.40 1,060,694.75 1,093,714.19 1,082,339.55 1,064,620.07
4.82 5.21 5.97 5.76 5.55 5.40 5.03
252,719.60 156,969.95 172,214.97 123,100.92 59,873.47 14,928.17 16,567.63
1.22 0.77 0.92 0.67 0.30 0.07 0.08
1,431,033.57 1,495,525.71 1,476,680.80 1,361,941.52 1,486,290.08 1,458,770.75 1,432,862.29
6.91 7.32 7.91 7.40 7.54 7.28 6.78
45,747.42 55,083.71 54,103.45 53,750.03 59,537.54 62,626.27 67,867.30
0.22 0.27 0.29 0.29 0.30 0.31 0.32
1,476,780.99 1,550,609.41 1,530,784.25 1,415,691.55 1,545,827.61 1,521,397.02 1,500,729.59
7.13 7.59 8.20 7.69 7.85 7.59 7.10
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
100.00 100.00 100.00 100.00 100.00 100.00 100.00
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Balance Sheet
Others
Average Interest Bearing Liabilities RatARDR_AVG_INT_ 1.41 1.56 1.36
Average Federal Funds Purchased and ARDR_AVG_FED — — —
Avg Fed Funds Repo Rate ARDR_AVG_FED — — —
Avg Amts Due Bks & Other Finl Institut ARDR_AVG_AMT 866,224.15 824,028.49 719,306.77
Assets
Other Assets ARD_OTHER_AS 336,181.37 378,225.65 424,098.24
Assets Held For Sale ARD_ASSETS_H — 307,231.16 149,352.09
Property Plant & Equipment - Net ARD_PROPERTY 89,550.43 84,384.11 82,066.53
Deferred Income Tax Asset (Long-Term) ARD_DEFERRED 54,495.10 60,004.75 58,674.31
Total Intangible Assets - Net ARD_TOTAL_IN 232,577.72 225,495.46 231,387.62
Derivative Assets (Short-Term) ARD_DERIVATIV 2,026,812.01 2,690,187.14 2,770,559.21
Total Assets ARD_TOT_ASSE19,079,806.66 19,848,159.86 20,869,592.78
Prepaid Expenses And Other ARD_PREPAID_ — — —
Prepayments And Accrued Income (Long-ARD_PREPAYME 93,009.32 78,124.23 73,649.05
Current Income Tax Asset ARD_CURRENT_ 8,518.99 8,240.36 3,991.71
Loans And Advances To Banks ARD_LOANS_AN 1,618,848.83 1,405,653.63 1,182,368.79
Items In The Course Of Collect From OtheARD_ITEMS_IN 47,196.44 63,748.25 56,604.82
Liabilities
Accrued Expenses ARD_ACCRUED_ — — —
Accrued Expenses and Other ARD_ACCRUED_ 108,088.56 101,789.06 102,187.87
Deferred/Unearned Revenue (Short-Term)ARD_DEFERRED — — —
Deferred Income Taxes (Liabilities) ARD_DEFERRED 8,495.67 11,789.70 8,595.75
Pension/Postretirement Liabilities ARD_PENSION_ 29,971.92 28,472.36 30,267.26
Securities Sold Under Repurchase Agree ARD_SEC_SOLD — — —
Other Long-Term Debt ARD_OTHER_LT 1,130,172.89 1,017,525.57 925,930.26
Total Liabilities ARD_TOT_LIABIL17,875,683.35 18,558,181.97 19,450,178.22
Other Liabilities ARD_OTHER_LIA 365,966.35 380,567.13 439,079.14
Trading Liabilities ARD_TRADING_L 2,337,304.28 2,059,640.19 2,360,637.36
Derivative Liabilities (Short-Term) ARD_DERIVATIVE2,010,551.31 2,682,428.31 2,781,689.50
Subordinated Debentures ARD_SUBORDIN 259,510.47 237,704.56 228,488.78
Liabilities Attributable To Insurance Ops ARD_LIAB_ATTR 455,556.04 475,774.15 528,572.63
Provisions For Liabilities And Charges & OARD_PROV_LIA 16,618.25 25,816.18 40,707.73
Due To Other Financial Institutions ARD_DUE_TO_OT 859,547.32 876,243.35 832,671.44
Items In The Course Of Trans To Other B ARD_ITEMS_IN 51,790.17 67,918.92 55,325.92
Liabilities Assoc With Assets Held For Sal ARD_LIAB_ASS — 172,418.52 38,894.02
Current Tax Liabilities ARD_CURRENT_T 14,022.13 16,441.89 11,254.31
Finl Liabs At Fair Value Through Profit/LosARD_FINL_LIAB 685,040.18 665,784.02 679,908.95
Stockholder Equity
Minority/Non Controlling Int (Stckhldrs Eqt ARD_MIN_NONC — — —
Common Stock ARD_COMMON_ 68,734.87 69,386.80 71,602.81
Additional Paid In Capital ARD_ADDITIONA 65,711.25 65,682.14 78,160.08
Retained Earnings (Accumulated Deficit) ARD_RETAINED 756,682.08 868,834.01 932,797.56
Other Equity ARD_OTHER_EQ 45,478.65 45,442.38 45,350.52
Shares Outstanding ARD_SHARES_O 17,686.16 17,868.09 18,476.01
Total Shareholders Equity ARD_TOTAL_SH 1,147,786.06 1,289,977.89 1,419,414.57
Other Reserve ARD_OTHER_RE 211,179.20 183,408.26 230,372.25
Total Shareholders Equity Excluding MinorARD_TOT_SHAR 1,204,123.31 1,232,753.59 1,358,283.22
Treasury Shares (Number) ARDR_TREASU — — —
Shares Issued ARDR_SHARES_ — — —
Total Liabilities and Shareholders EquitARD_TOT_LIAB 19,079,806.66 19,848,159.86 20,869,592.78
Deposits
Total Deposits ARD_TOTAL_DE 9,542,860.88 9,738,733.91 10,386,314.51
Investments
Investment In Affiliates/Joint Ventures ARD_INVESTMEN 133,676.61 158,430.87 138,229.55
Trading Account Assets ARD_TRADING_ 2,992,932.19 2,566,480.74 3,168,653.18
Securities Purchased Under AgreementARD_SEC_PURC — — —
Other Long-Term Investments ARD_OTHER_LT 3,114,988.46 3,106,981.73 3,263,911.74
Cash & Balances At Central Bank ARD_CASH_BAL 446,026.58 1,008,896.87 1,097,000.38
Treasury Bills & Other Eligible Bills ARD_TSY_BILLS 148,126.25 162,492.81 176,278.72
Financial Assets At Fair Value ARD_FINANCIA 287,679.10 239,646.21 260,290.72
Trading Securities Derivatives ARD_TRADING_ 1,995,192.26 2,663,275.87 2,729,828.23
Loans
Net Loans ARD_NET_LOAN 7,449,187.24 7,303,935.87 7,732,476.11
Reference Items
Average Total Assets ARD_AVERAGE_19,423,449.92 21,489,584.17 20,981,329.76
Average Total Deposits ARD_AVERAGE_ 7,482,198.33 8,219,594.71 8,160,240.53
Average Investment Securities ARDR_AVERAGE 2,945,665.79 2,982,832.63 3,002,148.35
Average Investment Securities Yield ARDR_AVG_INVE 2.47 2.66 2.34
Average Total Loans ARDR_AVERAGE 6,672,941.03 7,341,673.78 7,244,425.19
Average Total Loan Yield ARDR_AVERAGE 5.15 4.79 4.39
Average Earning Asset Yield ARDR_AVG_EAR 3.96 3.88 3.49
Average Interest Bearing Deposit Rate ARDR_AVG_INT 1.12 1.27 1.03
Average Long Term Debt ARDR_AVERAG 1,476,039.17 1,409,498.10 1,250,592.21
Average Long Term Debt Rate ARDR_AVG_LON 2.60 2.90 2.95
Average Interest Bearing Liabilities ARDR_AVG_INT 10,410,810.59 ### 10,860,979.63
Average Non Interest Bearing Deposits ARDR_AVG_NON 1,108,238.05 1,261,055.08 1,372,568.13
Average Fed Funds Sold & Resale Agr ARDR_AVG_FED — — —
Avg Fed Funds Sold & Resale Agreemen
ARDR_AVG_FED — — —
Average Other Interest Earning Assets ARDR_AVG_OTH -14,908.23 245,129.43 210,080.39
Average Other Interest Bearing Liabiliti ARDR_AVG_OTH 586,348.94 680,812.39 730,840.11
Avg Other Interest Earning Assets RateARDR_AVG_OTH -11.94 5.28 8.39
Other Interest Bearing Liabilities Rate ARDR_AVG_OTH 2.73 2.32 2.37
Avg Amts Due Banks & Other Finl Insti ARDR_AVG_AMT 7.93 11.65 9.69
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
1.10 1.05 1.00 0.87 0.88 1.21 1.48

732,036.26 1,478,707.50 914,101.04 921,078.03 1,066,855.50 1,262,581.97 1,252,892.82
0.43 0.34 0.30 0.53 1.22 2.11 2.50
477,758.14 474,670.50 432,943.84 386,004.65 369,810.85 348,767.87 409,049.84
480,309.14 582,907.19 — 461,512.13 524,916.25 866,014.19 1,064,627.86

31,402.89 — 340,229.39 34,031.87 — — —
84,105.47 — — — — — —
57,812.33 55,137.98 46,895.86 47,787.29 36,530.31 34,853.29 36,079.57
231,978.19 213,829.30 190,691.21 165,514.75 183,221.87 190,768.90 157,053.64
2,188,626.36 2,675,157.53 2,235,717.85 2,255,392.40 1,717,284.16 1,627,726.97 1,892,736.65
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
— — 421,589.94 — — — —
— — — — — — —
7,637.49 10,149.86 9,462.87 8,878.22 7,859.17 5,357.22 5,880.85
1,640,091.53 869,592.13 700,616.79 683,320.19 706,177.23 565,226.38 539,036.01
46,685.63 38,203.47 44,702.58 38,792.76 51,779.92 45,324.94 38,603.28
125,495.25 — 295,402.81 — — — —
— — — — — — —
— — — — — — —
7,055.96 11,816.94 13,640.18 12,584.58 15,483.98 20,512.53 26,288.55
22,726.39 — — — — — —
— 833,016.98 623,108.04 689,771.44 1,015,614.62 1,299,236.66 1,093,167.48
807,015.50 743,963.44 689,363.64 511,098.32 504,252.72 668,415.61 814,399.81
19,236,084.51 18,874,240.98 17,144,290.71 16,999,712.39 18,155,003.97 18,514,341.78 19,648,132.37
431,585.64 628,674.13 220,251.71 564,552.34 624,141.89 1,044,271.41 1,226,481.74
1,605,230.45 1,477,676.23 1,097,522.66 1,191,704.64 1,440,283.44 661,280.48 647,827.76
2,126,743.28 2,641,513.36 2,178,328.36 2,169,688.54 1,693,870.70 1,612,140.89 1,865,490.03
224,674.11 206,749.99 175,942.77 162,707.84 154,886.66 175,731.07 191,614.32
575,184.64 572,710.81 542,026.49 583,659.31 669,256.30 683,986.03 758,971.86
40,451.57 38,753.99 43,028.56 37,009.36 31,335.14 22,870.02 26,467.70
1,001,884.01 600,353.46 421,380.69 464,761.01 546,251.64 441,195.66 459,734.16
53,578.76 46,445.86 43,695.06 46,345.06 53,514.26 44,181.44 37,520.58
21,741.66 — 285,513.68 21,633.38 — — —
4,706.56 9,405.48 6,068.33 5,575.05 7,249.81 5,623.52 16,746.78
690,739.52 590,482.75 514,668.64 673,286.64 737,707.68 1,163,120.86 1,281,058.57
— 156,969.95 70,200.41 55,766.05 59,537.54 62,626.27 67,867.30

73,002.03 74,507.23 76,276.48 78,283.37 79,372.97 79,731.80 80,376.75
86,338.56 92,410.98 96,263.99 97,846.46 79,505.78 106,588.41 108,729.44
998,131.17 1,063,400.86 1,115,828.40 1,060,694.75 1,093,714.19 1,082,339.55 1,064,620.07
45,367.48 — 117,119.51 132,669.23 — — —
18,830.01 19,217.87 19,685.10 — — — —
1,476,780.99 1,550,609.41 1,530,784.25 1,415,691.55 1,545,827.61 1,521,397.02 1,500,729.59
207,352.12 156,969.95 55,095.46 -9,568.31 59,873.47 14,928.17 16,567.63
1,410,191.36 1,476,706.99 1,460,583.85 1,359,925.51 1,486,290.08 1,458,770.75 1,432,862.29
— — — 325.27 325.27 325.27 325.27
— — — 20,191.59 20,320.72 20,360.84 20,638.52
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81 10,659,586.48 10,672,492.50 11,209,554.56
129,023.23 140,973.66 148,329.16 155,302.86 177,682.95 175,496.11 190,632.88

2,350,890.13 2,358,682.10 1,742,509.23 1,823,135.74 2,249,903.34 1,865,081.79 1,980,567.67
— 1,253,906.43 1,133,490.88 1,248,176.30 1,574,592.50 1,901,689.49 1,876,122.29
3,302,537.27 3,221,489.57 3,324,444.15 3,386,880.26 3,039,578.43 3,191,096.74 3,453,045.83
1,291,775.33 1,007,673.58 766,748.39 992,568.99 1,411,088.88 1,275,418.94 1,200,307.93
195,550.84 214,581.43 220,180.34 242,138.79 267,071.29 280,854.86 298,949.50
297,978.53 225,149.99 184,855.39 191,955.55 230,181.61 321,989.57 339,819.43
2,091,502.26 — 2,143,352.16 — — — —
8,376,461.16 7,557,416.17 7,164,610.95 6,680,015.87 7,522,963.66 7,688,839.41 8,075,398.58
20,873,353.66 20,780,785.42 20,101,984.63 19,752,827.63 19,699,808.17 — —

8,029,059.90 8,440,065.87 8,338,340.34 8,332,813.93 8,553,843.52 8,917,899.56 8,953,552.98
3,049,639.32 3,100,133.28 3,069,915.36 3,340,186.27 3,045,289.23 3,025,030.61 3,255,410.46
2.03 2.08 1.90 1.68 1.91 2.37 2.56
6,957,655.32 7,221,292.36 7,050,320.22 6,709,883.89 7,048,366.43 7,620,440.81 7,957,088.42
4.29 4.02 3.64 3.38 3.19 3.42 3.48
3.07 2.85 2.73 2.46 2.37 2.70 2.84
0.85 0.84 0.69 0.51 0.49 0.73 0.98
1,170,637.71 1,005,866.92 1,000,065.15 886,604.19 849,017.33 1,436,691.77 1,645,304.93
2.77 3.51 2.73 2.45 2.88 3.09 3.09
11,058,314.48 11,992,437.62 11,358,817.81 11,181,154.82 11,367,443.36 12,386,773.11 12,727,996.78
1,429,568.11 1,442,147.86 1,479,602.59 1,426,841.66 1,539,835.58 — —
886,445.43 1,537,389.01 1,257,903.23 1,304,260.26 1,357,465.25 1,608,945.35 1,752,118.23
0.87 0.91 0.80 0.73 1.26 1.82 2.08
217,385.54 154,984.95 285,955.44 430,845.45 189,159.22 321,817.27 354,151.56
648,822.48 593,126.83 673,367.44 654,654.02 527,916.17 420,831.94 467,196.22
2.91 1.68 8.13 5.68 2.41 2.30 2.88
2.05 1.87 3.46 — — 2.31 2.91
6.98 6.13 5.27 5.35 7.42 8.93 10.44
HSBC Holdings PLC (5 HK) - Common Size
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Total Assets
+ Cash & Cash Equivalents BS_CASH_NEAR 2.59 5.40 5.53
+ Interbanking Assets INTERBANKING 8.48 7.08 5.67
+ Fed Funds Sold & Repos BS_FED_FDS_S — — —
+ Other Interbank Assets BS_OTHER_INT 8.48 7.08 5.67
+ ST And LT Investments ST_AND_LT_INV 34.30 30.61 32.91
+ Trading Securities/FVTPL TRADING_SECS 15.69 12.93 15.18
+ Available for Sales/FVTOCI AV_SA_FA_AT_ 15.53 14.82 14.77
+ Held to Maturity/Amortized at Cost HTM_AMORTIZE 0.79 0.83 0.87
+ Other Investments BS_OTHER_INV 2.28 2.03 2.09
+ Total Commercial Loans BS_COMM_LOA 22.29 21.88 22.09
+ Commercial RE Loans BS_COMMERCIA 2.93 2.89 2.85
+ Other Commercial Loans BS_OTHER_COM 19.37 18.98 19.24
+ Total Consumer Loans BS_CONS_LOAN 17.33 15.40 15.42
+ Credit Card Loans BS_CREDIT_CA 2.54 1.15 1.14
+ Home Equity Loans BS_HOME_EQUI 0.46 0.33 0.26
+ 1-4 Family Residential Loans BS_1-4_FAMILY 10.95 10.92 11.21
+ Auto Loans AUTO_LOANS 0.25 0.18 0.15
+ Other Consumer Loans BS_OTHER_CO 3.14 2.82 2.66
+ Other Loans BS_OTHER_LOA 0.24 0.21 0.14
+ Total Loans BS_TOT_LOAN 39.86 37.48 37.65
- Reserve for Loan Losses BS_RSRV_LOAN 0.82 0.69 0.60
+ Net Loans BS_LOAN_MTG 39.04 36.80 37.05
+ Net Fixed Assets BS_NET_FIX_AS 0.47 0.43 0.39
+ Property, Plant & Equip BS_TOT_OTHER 0.47 0.43 0.39
+ Total Intangible Assets BS_DISCLOSED_ 1.22 1.14 1.11
+ Goodwill BS_GOODWILL 0.91 0.83 0.79
+ Other Intangible Assets OTHER_INTANG 0.31 0.30 0.31
+ Investments in Associates BS_INVEST_IN 0.70 0.80 0.66
+ Total Deferred Tax Assets BS_TOTAL_DEF_ 0.29 0.30 0.28
+ Total Derivative Assets BS_TOTAL_DERI 10.62 13.55 13.28
+ Customer Acceptances & Liab BS_CUST_ACCP 0.00 0.00 0.00
+ Other Assets OTHER_NONCUR 2.29 3.89 3.12
Total Assets BS_TOT_ASSET 100.00 100.00 100.00
Liabilities & Shareholders' Equity

+ Total Deposits BS_CUSTOMER_ 50.02 49.07 49.77
+ ST Borrowings & Repos ST_BORROW_&_ 16.76 14.79 15.30
+ Secs Sold Under Repo BS_SEC_SOLD_ — — —
+ Trading Account Liabilities BS_TRADING_AC 12.25 10.38 11.31
+ ST Lease Liabilities ST_CAPITALIZED 0.00 0.00 0.00
+ ST Finance Leases ST_CAPITAL_LE 0.00 0.00 0.00
+ ST Borrowings SHORT_TERM_D 4.50 4.41 3.99
+ LT Debt BS_LT_BORRO 7.28 6.32 5.53
+ LT Lease Liabilities LT_CAPITALIZED 0.01 0.02 0.01
+ LT Finance Leases LT_CAPITAL_LE 0.01 0.02 0.01
+ LT Borrowings LONG_TERM_BO 7.27 6.31 5.52
+ Pension Liabilities PENSION_LIABIL 0.16 0.14 0.15
+ Total Deferred Tax Liabilities BS_ADJ_DEFER 0.04 0.06 0.04
+ Total Derivative Liabilities BS_TOTAL_DERIV 10.54 13.51 13.33
+ Other Liabilities OTHER_CURREN 8.90 9.60 9.08
Total Liabilities BS_TOT_LIAB2 93.69 93.50 93.20
+ Preferred Equity and Hybrid Capital BS_PFD_EQTY_ 0.11 0.11 0.10
+ Share Capital & APIC BS_SH_CAP_AN 0.70 0.68 0.72
+ Common Stock BS_COMMON_S 0.36 0.35 0.34
+ Additional Paid in Capital BS_ADD_PAID_I 0.34 0.33 0.37
+ Retained Earnings BS_PURE_RETA 3.97 4.38 4.47
+ Other Equity OTHER_EQUITY 1.35 1.15 1.32
Equity before Minority Interest EQTY_BEF_MINO 6.13 6.32 6.61
+ Minority/Non Controlling Interest MINORITY_NON 0.18 0.18 0.19
Total Equity TOTAL_EQUITY 6.31 6.50 6.80
Total Liabilities & Equity TOT_LIAB_AND 100.00 100.00 100.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
6.46 5.12 4.35 5.60 7.43 6.59 5.86

7.92 10.40 9.82 10.49 11.58 12.31 11.42
— 6.14 6.07 6.78 7.99 9.49 8.87
7.92 4.26 3.75 3.71 3.58 2.82 2.55
29.68 29.47 29.30 30.25 28.98 28.24 28.71
11.35 11.55 9.33 9.51 11.02 9.31 9.36
15.01 14.34 15.97 16.42 13.33 13.48 13.17
0.94 1.43 1.83 1.98 2.10 2.45 3.16
2.38 2.15 2.17 2.36 2.52 3.01 3.02
25.53 22.45 23.24 22.30 23.55 23.30 22.51
2.80 2.78 2.82 2.70 3.07 — —
22.73 19.67 20.42 19.60 20.49 23.30 22.51
15.38 14.94 15.52 14.31 14.93 15.42 15.99
1.14 1.08 1.08 1.01 1.03 1.00 0.99
0.20 0.17 0.16 0.07 0.05 0.05 0.03
11.23 10.88 11.39 10.52 11.03 11.47 11.87
0.10 0.07 0.04 0.03 0.04 0.06 0.06
2.71 2.74 2.85 2.67 2.78 2.84 3.05
0.10 0.08 0.00 0.00 0.00 0.00 0.00
41.01 37.47 38.76 36.60 38.48 38.71 38.51
0.57 0.47 0.40 0.33 0.30 0.34 0.32
40.44 37.00 38.36 36.27 38.19 38.38 38.18
0.41 0.40 0.41 0.39 0.40 0.39 0.39
0.41 0.40 0.41 0.39 0.40 0.39 0.39
1.12 1.05 1.02 0.90 0.93 0.95 0.74
0.79 0.73 0.68 0.52 0.54 0.51 0.21
0.33 0.32 0.34 0.38 0.39 0.44 0.54
0.62 0.69 0.79 0.84 0.90 0.88 0.90
0.28 0.27 0.25 0.26 0.19 0.17 0.17
10.57 13.10 11.97 12.25 8.72 8.12 8.95
0.00 0.00 — 0.00 0.00 0.00 0.00
2.51 2.50 3.72 2.74 2.70 3.96 4.68
100.00 100.00 100.00 100.00 100.00 100.00 100.00
55.51 51.27 53.52 53.57 54.11 53.27 53.00
12.59 14.25 11.47 12.74 15.24 11.99 10.41
— 4.08 3.34 3.75 5.16 6.48 5.17
7.75 7.23 5.88 6.47 7.31 3.30 3.06
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
4.84 2.94 2.26 2.52 2.77 2.20 2.17
4.98 4.65 4.63 3.66 3.35 4.21 4.76
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
4.98 4.65 4.63 3.66 3.35 4.21 4.76
0.11 0.12 0.12 0.11 0.09 0.08 0.07
0.03 0.06 0.07 0.07 0.08 0.10 0.12
10.27 12.93 11.66 11.78 8.60 8.05 8.82
9.38 9.11 10.33 10.38 10.70 14.71 15.73
92.87 92.41 91.80 92.31 92.15 92.41 92.90
0.10 0.53 0.09 0.01 0.88 0.87 0.77
0.77 0.82 0.92 0.96 0.81 0.93 0.89
0.35 0.36 0.41 0.43 0.40 0.40 0.38
0.42 0.45 0.52 0.53 0.40 0.53 0.51
4.82 5.21 5.97 5.76 5.55 5.40 5.03
1.22 0.77 0.92 0.67 0.30 0.07 0.08
6.91 7.32 7.91 7.40 7.54 7.28 6.78
0.22 0.27 0.29 0.29 0.30 0.31 0.32
7.13 7.59 8.20 7.69 7.85 7.59 7.10
100.00 100.00 100.00 100.00 100.00 100.00 100.00
HSBC Holdings PLC (5 HK) - Standardized
12 Months Ending 12/31/2011 12/31/2012 12/31/2013
Cash from Operating Activities
+ Net Income CF_NET_INC 130,753.05 108,807.91 125,688.14
+ Depreciation & Amortization CF_DEPR_AMOR 24,403.81 19,633.05 18,072.91
+ Provision for Loan Losses CF_PROVISION 105,500.75 72,590.32 57,057.64
+ Non-Cash Items NON_CASH_ITE 40,564.04 -2,474.49 79,156.22
+ Gain on Sale of Secs & Loans CF_GAIN_ON_S -3,020.31 -12,217.33 -11,588.38
+ Stock-Based Compensation CF_STOCK_BAS 9,045.37 7,663.95 4,886.67
+ Other Non-Cash Adjustments OTHER_NON_CA 34,538.98 2,078.89 85,857.94
+ Net Ch in Operating Capital CF_CHNG_NON 295,072.05 -315,346.69 -200,772.14
+ Trading Assets & Liab CF_NET_CHG_T 210,627.86 -285,683.79 -192,906.94
+ Net Ch of Interbank Asset CF_NET_CHANG 20,379.32 8,400.87 -167,372.17
+ Net Ch of Interbank Liab CF_NET_CHANG 17,421.29 -41,833.68 178,208.16
+ Other Op Assets/Liab CF_INC_DEC_IN 46,643.59 3,769.92 -18,701.19
+ Net Cash From Disc Ops CF_NET_CASH_ 0.00 0.00 0.00
Cash from Operating Activities CF_CASH_FRO 596,293.71 -116,789.90 79,202.76
Cash from Investing Activities

+ Net Change in Fixed Assets CHG_IN_FXD_&_ -9,380.09 -8,354.33 -11,720.24
+ Disposal of Fixed Assets CF_DISP_FIX_A 2,335.29 1,869.45 3,420.67
+ Capital Expenditures/Prop Add CF_CAP_EXPEN -11,715.39 -10,223.77 -15,140.91
+ Net Change in Investments NET_CHG_IN_LT -56,872.17 -101,213.78 -166,301.76
+ Decrease in Investments CF_DECR_INVE 2,426,384.97 2,559,247.11 2,656,942.08
+ Increase in Investments CF_INCR_INVES -2,483,257.14 -2,660,460.88 -2,823,243.83
+ Net Ch in Loans & Interbank CF_CHANGE_IN -240,169.31 -563,308.03 -725,995.60
+ Net Ch in Customer Loans CF_NET_CHANG -240,169.31 -563,308.03 -776,553.20
+ Net Ch in Interbank Assets CF_NET_CHG_I 0.00 0.00 0.00
+ Net Ch in Loans CF_SALES_PUR 0.00 0.00 50,557.60
+ Net Cash from Acq & Div CF_NT_CSH_RC 1,175.43 161,237.70 82,856.13
+ Cash from Divestitures CF_CASH_FOR_ 1,681.41 162,160.79 0.00
+ Cash for Acq of Subs CF_CASH_FOR_A 0.00 -6,694.32 22,633.79
+ Cash for JVs CF_CASH_FOR_ -505.98 5,771.23 60,222.33
+ Other Investing Activities OTHER_INVESTI -12,229.15 -7,819.09 -6,469.01
Cash from Investing Activities CF_CASH_FROM -317,475.30 -519,457.52 -827,630.49
Cash from Financing Activities

+ Dividends Paid CF_DVD_PAID -39,030.53 -45,960.42 -49,750.91
+ Cash From (Repayment) Debt PROC_FR_REPA -141,347.50 -102,928.08 -116,768.04
+ Cash (Repurchase) of Equity PROC_FR_REPU -2,062.84 4,413.75 2,055.50
+ Increase in Capital Stock CF_INCR_CAP_ 747.29 4,607.68 2,303.71
+ Decrease in Capital Stock CF_DECR_CAP_ -2,810.14 -193.93 -248.21
+ Net Change In Deposits CF_INCR_DECR 376,768.38 698,683.78 1,165,524.01
+ Other Financing Activities OTHER_FIN_AN -8,072.33 -8,990.40 -8,989.91
Cash from Financing Activities CFF_ACTIVITIE 186,255.18 545,218.63 992,070.66
Effect of Foreign Exchange Rates CF_EFFECT_FO -65,170.24 12,364.71 -3,397.40
Net Changes in Cash CF_NET_CHNG_ 399,903.35 -78,664.08 240,245.54
Cash Paid for Taxes CF_CASH_PAID 31,876.75 43,338.55 36,425.05

Cash Paid for Interest CF_ACT_CASH_ — — —
Source: Bloomberg
FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Last 12M
12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020
106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85 6,282.40

17,455.85 16,908.45 15,571.40 14,510.03 15,150.04 82,417.86
39,742.88 35,243.38 31,748.26 20,284.44 17,869.68 23,599.45
226,266.85 186,868.97 648,960.79 -134,299.64 -278,774.91 324,382.70
-14,532.32 -14,272.56 -9,431.33 -8,977.21 -987.54 -3,126.22
5,676.45 5,868.73 4,145.13 3,896.36 3,526.91 3,745.20
235,122.73 195,272.80 654,246.99 -129,218.79 -281,314.28 323,763.73
-231,842.49 -56,857.66 34,115.79 -84,948.38 163,452.75 -148,162.53
-143,446.58 189,039.70 34,115.79 -84,948.38 163,452.75 -148,162.53
39,913.48 9,442.68 — — — —
-70,420.50 -166,944.75 — — — —
-57,888.89 -88,395.28 — — — —
0.00 0.00 0.00 0.00 0.00 0.00
157,769.52 286,993.95 749,639.25 -100,307.82 25,284.04 340,084.33
-10,771.29 -9,683.01 -8,934.53 -9,094.10 -9,373.75 -10,522.60

682.41 798.52 0.00 0.00 0.00 0.00
-11,453.70 -10,481.53 -8,934.53 -9,094.10 -9,373.75 -10,522.60
-10,561.91 -300,336.20 -209,577.32 476,041.35 -105,039.26 -256,373.67
2,968,788.94 3,098,222.95 3,338,496.25 3,260,097.72 3,025,745.05 3,237,370.87
-2,979,350.86 -3,398,559.15 -3,548,073.57 -2,784,056.37 -3,130,784.31 -3,493,744.54
236,758.97 261,852.23 71,367.60 52,647.58 -1,598.87 8,759.69
98,221.12 246,168.70 0.00 0.00 0.00 0.00
146,563.97 0.00 0.00 0.00 0.00 0.00
-8,026.12 15,683.53 71,367.60 52,647.58 -1,598.87 8,759.69
-2,109.28 62.02 37,275.09 1,285.80 31.35 -650.32
0.00 0.00 0.00 0.00 0.00 0.00
-1,876.64 0.00 0.00 0.00 0.00 0.00
-232.64 62.02 37,275.09 1,285.80 31.35 -650.32
-7,002.50 -7,395.99 -7,032.74 -10,013.64 -14,483.85 -17,934.64
0.00 0.00 0.00 0.00 0.00 0.00
206,313.99 -55,500.95 -116,901.90 510,866.99 -130,464.37 -276,721.54
-51,266.37 -50,764.11 -71,080.39 -70,173.39 -84,348.04 -76,572.84

-500,830.03 -189,923.50 -198,616.79 -9,195.40 197,601.08 -140,029.65
1,326.05 3,705.75 287.21 16,590.69 -15,220.58 -6,730.39
2,070.51 3,705.75 15,711.12 40,490.94 48,075.72 1,104.75
-744.45 0.00 -15,423.91 -23,900.26 -63,296.30 -7,835.14
-64,844.86 -344,006.66 — — — —
32,841.19 11,396.34 -14,166.40 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
-582,774.02 -569,592.18 -283,576.37 -62,778.11 98,032.46 -223,332.88
-130,116.24 -107,195.37 -110,955.89 142,084.56 -77,552.86 9,778.26
-348,806.74 -445,294.54 238,205.09 489,865.62 -84,700.73 -150,191.83
27,707.57 29,863.06 25,336.51 24,741.87 26,781.01 17,762.27

— — 93,358.51 85,423.74 111,074.19 214,557.52
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Cash Flow
Cash From Operating Activities
Depreciation And Amortization - CF ARD_DEPRECIA — — —
Disposal/Sale of Assets ARD_DISPOSAL — — —
Stock Based Compensation ARD_STOCK_BA — — —
Other Non-Cash Items ARD_OTHER_NO — — —
Pension/Postretirement Benefits ARD_PENSION_ -25,800.29 -9,162.13 -5,685.91
Change in Other Assets ARD_CHANGE_I — — —
Change In Other Liabilites ARD_CHG_IN_OT — — —
Total Cash Flows From Operations ARD_TOT_CASH 433,050.21 620,892.13 -71,023.40
Trading Assets and Liabilities ARD_TRADING_ — — —
Provision For Loan Loss -CF ARD_PROVISIO — — —
Gain (Loss) On Sale of Investments and MARD_GL_ON_SA -13,191.48 -9,310.03 -16,243.23
Foreign Exchange Gains/Losses ARD_FOREIGN_ -13,976.13 84,381.92 -28,127.00
Depreciation Amortization & Impairment ARD_DEPRECIA — — —
Dividends Received From Equity Affiliates ARD_DIV_RECE 3,426.05 2,366.43 3,793.19
Other Operating Assets ARD_OTHER_OP — — —
Other Operating Liabilities ARD_OTHER_OPE — — —
Profit Before Taxation And Minority InteresARD_PROF_BEF 147,895.25 170,258.43 160,174.99
Interest Paid ARD_INTEREST — — —
Other Provisions ARD_OTHER_PR — — —
Share Profits From Associated CompaniesARD_SHARE_PR -19,554.15 -25,407.99 -27,591.77
Cumulative Depreciation ARD_CUMULATI — — —
Change In Debt Securities In Issue ARD_CHG_IN_DE — — —
Cash From Investing Activities
Disposal of Fixed Assets ARD_DISPOSAL 33,973.10 2,335.29 1,869.45
Capital Expenditures ARD_CAPITAL_ -19,678.45 -11,715.39 -10,223.77
Proceeds From Investments ARD_PROCEEDS 2,500,367.40 2,426,384.97 2,559,247.11
Purchases of Investments ARD_PURCHASE-2,650,740.90 -2,483,257.14 -2,660,460.88
Acquisition of Business ARD_ACQUISITI -668.12 — -6,694.32
Other Investing Activities ARD_OTHER_INV -152,004.96 — —
Divestiture of Business ARD_DIVESTIT 3,620.28 1,681.41 162,160.79
Securities Purchased Under Resale Agre ARD_SEC_PUR_ — — —
Acquistion/Increase In Loans ARD_ACQUISTIO — — —
Proceeds From Sale of Loans (Investing) ARD_PROC_FRO 32,963.15 — —
Purchase of Intangibles ARD_PURCHASE -9,159.45 -12,229.15 -7,819.09
Net Cash From Acquisitions & Disposals ARD_NET_CASH — — —
Proceeds From Sale Of Assocs/Joint VentARD_PROC_FRO 1,973.28 194.61 19,764.92
Purchase Of Associates/Joint Ventures ARD_PURCHASE -12,344.67 -700.59 -13,993.69
Capital Expenditures - Net ARD_CAPITAL_ — — —
Total Cash Flows From Investing ARD_TOT_CASH -271,699.35 -77,305.98 43,850.51
Dividends Paid ARD_DIVIDEND -26,732.55 -39,030.53 -45,960.42
Issuance of Common Stock ARD_ISSUANCE 1,398.39 747.29 4,607.68
Repurchase of Common Stock ARD_REPURCH — — -193.93
Effect of Exchange Rates On Cash ARD_EFF_OF_E 8,848.70 -65,170.24 12,364.71
Other Financing Activities ARD_OTHER_FIN 19,274.47 -8,072.33 -8,990.40
Cash Paid For Taxes ARD_CASH_PAI -17,813.93 -31,876.75 -43,338.55
Exercise of Stock Options ARD_EXERCISE 100.99 — —
Securities Sold Under Repurchase Agree ARD_SEC_SOLD — — —
Net Change In Cash ARD_NET_CHAN 181,091.47 399,903.35 -78,664.08
Sale of Treasury Stock ARD_SALE_OF_ 1,266.32 — —
Purchase of Treasury Stock ARD_PURCHASE — -2,810.14 —
Cash and Cash Equivalents (End of PeriodARD_CASH_CAS 2,130,337.93 2,527,632.20 2,443,920.78
Cash and Cash Equivalents (Beg of PeriodARD_CASH_CAS 1,949,153.96 2,128,638.66 2,522,522.65
Dvds Paid To Shareholders/Minority ShareARD_DIV_PAID — — —
Increase (Decrease) In Treasury Shares ARD_INCR_DEC — — —
Decrease In Borrowings ARD_DECREASE -19,227.86 -29,401.34 -13,605.84
Increase In Borrowings ARD_INCREASE 34,812.13 54.49 287.01
Redemption Of Preference Share Capital ARD_REDEMPTI — — —
Total Cash Flows From Financing ARD_TOT_CASH 10,891.90 -78,512.55 -63,855.90
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — 15,150.04 82,417.86
— — — 13,529.88 -615.62 0.00 -7,278.85
— — — 4,145.13 3,896.36 3,526.91 3,745.20
— — 83,456.87 38,850.86 11,541.01 57,755.13 -17,997.32
-7,461.86 -5,280.96 -5,147.73 -5,635.51 -5,338.01 -2,602.08 -4,176.13
— — — 349,634.49 -941,804.10 -304,254.88 -610,600.43
— — — 137,208.37 968,112.31 -26,898.58 958,668.77
348,869.13 -165,733.61 -8,698.43 535,288.05 -81,652.06 254,838.94 233,040.62
— — — 34,115.79 -84,948.38 163,452.75 -148,162.53
— — — 31,748.26 20,284.44 17,869.68 23,599.45
-11,309.14 -14,951.08 -15,001.30 -9,431.33 -8,977.21 -987.54 -3,126.22
34,741.86 190,540.92 141,934.83 119,261.67 -165,899.10 -29,328.23 -29,319.10
— — — — — — 57,580.46
5,383.09 5,870.31 6,814.55 5,348.30 5,766.61 7,132.20 4,959.64
— — 510,338.96 — — — —
— — -827,684.39 — — — —
175,027.95 144,857.94 146,268.54 55,206.26 133,777.53 155,889.48 104,575.64
— — — -93,358.51 -85,423.74 -111,074.19 -214,557.52
— — — 19,266.30 7,145.92 15,236.26 18,984.55
-18,034.12 -19,634.92 -19,815.68 -18,272.71 -18,507.70 -19,876.10 -18,443.92
— — — 15,571.40 14,510.03 15,150.04 24,837.40
— — — -178,799.36 -10,668.23 147,393.54 150,967.51
3,420.67 682.41 798.52 — — — —

-15,140.91 -11,453.70 -10,481.53 — — — —
2,656,942.08 2,968,788.94 3,098,222.95 3,338,496.25 3,260,097.72 3,025,745.05 3,237,370.87
-2,823,243.83 -2,979,350.86 -3,398,559.15 -3,548,073.57 -2,784,056.37 -3,130,784.31 -3,493,744.54
22,633.79 -1,876.64 — — — — —
— — — — — — —
— — — — — — —
— 146,563.97 — — — — —
— — — — — -1,598.87 —
50,557.60 -8,026.12 15,683.53 71,367.60 52,647.58 — 8,759.69
-6,469.01 -7,002.50 -7,395.99 -7,032.74 -10,013.64 -14,483.85 -17,934.64
— — 0.00 — — — —
60,424.01 — 62.02 37,275.09 1,285.80 31.35 —
-201.67 -232.64 — — — — -650.32
— — — -8,934.53 -9,094.10 -9,373.75 -10,522.60
-51,077.29 -38,471.10 -301,669.65 -116,901.90 510,866.99 -130,464.37 -276,721.54
-49,750.91 -51,266.37 -50,764.11 — — — —

2,303.71 2,070.51 1,139.63 15,711.12 40,490.94 47,033.32 0.00
-248.21 -744.45 — — — — —
-3,397.40 -130,116.24 -107,195.37 -110,955.89 142,084.56 -77,552.86 9,778.26
-8,989.91 32,841.19 11,396.34 -14,166.40 0.00 — —
-36,425.05 -27,707.57 -29,863.06 -25,336.51 -24,741.87 -26,781.01 -17,762.27
— — — — — — —
— — — -35,551.84 29,323.98 82,161.36 -258,011.22
240,245.54 -348,806.74 -445,294.54 349,160.98 347,781.06 -7,147.87 -159,970.09
— — 2,566.11 — — — —
— — — — -23,378.14 -15,659.49 -7,835.14
2,684,993.62 2,336,257.82 1,889,962.64 2,128,833.25 2,635,963.77 2,450,781.53 2,288,015.19
2,444,835.17 2,685,028.25 2,335,112.88 1,890,889.32 2,144,866.97 2,535,424.12 2,437,326.36
— — — -71,080.39 -70,173.39 -84,348.04 -76,572.84
— — — -15,423.91 -522.11 1,042.40 1,104.75
-12,891.49 -24,528.14 -16,722.38 -4,618.63 -27,851.16 -31,953.82 -32,985.95
15,427.90 27,141.48 24,653.31 20,353.04 0.00 — —
— — — — — -47,636.82 0.00
-54,148.91 -14,485.79 -27,731.09 -69,225.18 -81,433.87 -131,522.44 -116,289.17
HSBC Holdings PLC (5 HK) - Profitability
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Returns
Return on Common Equity RETURN_COM_ 9.24 10.59 8.06
Growth (YoY) RETURN_COM_ 82.16 14.65 -23.92
Return on Assets RETURN_ON_AS 0.55 0.67 0.53
Growth (YoY) RETURN_ON_AS 128.96 22.78 -20.28
Return on Capital RETURN_ON_CA 1.96 2.47 2.12
Growth (YoY) RETURN_ON_CA 67.35 26.47 -14.49
Margins
Operating Margin OPER_MARGIN 22.94 24.29 23.72
Growth (YoY) OPER_MARGIN 202.77 5.86 -2.32
Incremental Operating Margin INCREMENTAL_ 537.19 45.31 -33.19
Growth (YoY) INCREMENTAL_ — -91.56 —
Pretax Margin PRETAX_MARGI 26.44 28.55 28.66
Growth (YoY) PRETAX_MARGI 161.12 7.98 0.39
Income before XO Margin INC_BEF_XO_I 19.71 23.42 21.28
Growth (YoY) INC_BEF_XO_I 105.85 18.84 -9.13
Net Income Margin PROF_MARGIN 18.27 21.92 19.47
Growth (YoY) PROF_MARGIN 119.01 19.97 -11.20
Net Income to Common Margin NET_INCOME_T 17.70 21.18 18.67
Growth (YoY) NET_INCOME_T 122.39 19.63 -11.82
Additional
Effective Tax Rate EFF_TAX_RATE 25.46 17.96 25.74
Growth (YoY) EFF_TAX_RATE 368.05 -29.45 43.32
Dvd Payout Ratio DVD_PAYOUT_R 49.65 45.14 61.40
Growth (YoY) DVD_PAYOUT_R -53.17 -9.09 36.02
Sustainable Growth Rate SUSTAIN_GROW 4.65 5.81 3.11
Growth (YoY) SUSTAIN_GROW — 24.92 -46.47
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
8.75 7.27 6.84 0.71 5.64 7.60 3.65

8.65 -16.95 -5.86 -89.57 689.83 34.72 -51.95
0.60 0.52 0.54 0.10 0.44 0.54 0.28
13.03 -14.60 3.91 -80.67 325.61 22.54 -48.19
2.54 2.17 2.35 0.60 1.92 2.36 1.44
19.88 -14.59 8.59 -74.69 222.18 22.85 -39.07
29.68 24.91 25.84 9.36 27.15 30.34 18.47

25.13 -16.10 3.77 -63.80 190.18 11.75 -39.11
— -122.22 — -94.29 276.49 94.30 —
— — — — — -65.90 —
33.09 28.81 29.89 13.98 31.51 34.77 22.43
15.47 -12.94 3.76 -53.22 125.30 10.36 -35.50
26.11 22.68 23.92 6.78 21.80 26.27 14.63
22.66 -13.12 5.46 -71.67 221.76 20.48 -44.29
23.77 21.11 21.43 4.87 19.82 24.00 12.41
22.07 -11.17 1.49 -77.25 306.57 21.09 -48.30
22.92 20.23 19.92 2.55 17.77 22.04 10.03
22.77 -11.76 -1.52 -87.18 595.77 24.02 -54.49
21.12 21.28 19.99 51.55 30.80 24.46 34.76

-17.96 0.77 -6.07 157.90 -40.24 -20.59 42.10
58.70 71.06 77.24 780.14 105.27 80.80 172.04
-4.39 21.05 8.68 910.08 -86.51 -23.24 112.92
3.62 2.10 1.56 -4.86 -0.30 1.46 -2.63
16.25 -41.81 -25.94 — 93.88 — —
HSBC Holdings PLC (5 HK) - Growth
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1 Year Growth
Revenue SALES_GROWT -0.41 8.85 -7.96
Growth (YoY) SALES_GROWT 98.74 — —
Operating Income OPER_INC_GR 211.82 12.64 -8.15
Growth (YoY) OPER_INC_GR — -94.03 —
Net Income to Common EARN_FOR_CO 129.04 27.29 -17.07
Growth (YoY) EARN_FOR_CO 37,565.73 -78.85 —
EPS Diluted DILUTED_EPS_ 111.76 26.39 -18.68
Growth (YoY) DILUTED_EPS_ — -76.39 —
EPS Diluted before XO DILUTED_EPS_ 111.76 26.39 -18.68
Growth (YoY) DILUTED_EPS_ — -76.39 —
EPS Diluted before Abnormal RR_DIL_EPS_C 11.63 25.48 3.80
Growth (YoY) RR_DIL_EPS_C — 119.13 -85.07
Dividend per Share DIVIDEND_PER 5.88 13.89 9.76
Growth (YoY) DIVIDEND_PER — 136.11 -29.76
Fixed Assets NET_FIXED_AS -16.53 -5.69 -2.55

Growth (YoY) NET_FIXED_AS -939.40 65.55 55.22
Total Assets ASSET_GROWT 3.82 4.11 5.36
Growth (YoY) ASSET_GROWT — 7.70 30.39
Employees EMPL_GROWTH 1.93 -2.29 -1.43
Growth (YoY) EMPL_GROWTH — — 37.34
Short-Term Debt SHORT_TERM_D 4.65 -8.09 8.99
Growth (YoY) SHORT_TERM_D -92.92 — —
Total Debt TOTAL_DEBT_1 3.45 -8.55 3.95
Growth (YoY) TOTAL_DEBT_1 -94.93 — —
Growth (YoY) TOTAL_EQUITY -59.85 -49.16 42.15
Capital GROWTH_IN_CA 5.52 -5.27 5.43
Growth (YoY) GROWTH_IN_CA -90.91 — —
Book Value per Share BVPS_GROWTH 13.30 6.39 6.77
Growth (YoY) BVPS_GROWTH 8.39 -51.92 5.93
Cash From Operations CASH_FLOW_G — 12.93 —

Growth (YoY) CASH_FLOW_G — — —
Capital Expenditures TOT_CAP_EXP 26.65 -40.58 -12.43
Growth (YoY) TOT_CAP_EXP — — 69.38
Net Change In Cash NET_CHANGE_I — 120.39 —
Free Cash Flow FREE_CASH_FL — 15.01 —
Growth (YoY) FREE_CASH_FL — — —
5 Year Growth
Revenue GEO_GROW_NE 0.33 -2.21 -7.96
Growth (YoY) GEO_GROW_NE -92.46 — -260.25
Operating Income GEO_GROW_OP -4.06 -2.61 -5.52
Growth (YoY) GEO_GROW_OP 81.78 35.65 -111.57
Net Income to Common NET_INCOME_ -3.28 0.66 -6.71
Growth (YoY) NET_INCOME_ 78.83 — —
EPS Diluted 5Y_GEO_GROWT -9.35 -5.56 -12.23
Growth (YoY) 5Y_GEO_GROWT 52.57 40.56 -119.93
EPS Diluted before XO 5Y_GEO_GROWT -9.35 -5.56 -12.23
Growth (YoY) 5Y_GEO_GROWT 52.52 40.56 -119.93
EPS Diluted before Abnormal GEO_GROW_DIL -10.02 -6.39 -8.64
Growth (YoY) GEO_GROW_DIL -6.59 36.25 -35.32
Dividend per Share GEO_GROW_DV -10.76 -9.15 -9.91
Growth (YoY) GEO_GROW_DV -17.77 15.02 -8.33
Fixed Assets NET_FIXED_AS -5.40 -7.93 -7.57

Growth (YoY) NET_FIXED_AS -120.43 -46.91 4.57
Total Assets GEO_GROW_TO 10.32 6.55 2.72
Growth (YoY) GEO_GROW_TO -20.95 -36.54 -58.46
Employees EMPLOYEES_5 1.91 -0.85 -2.07
Growth (YoY) EMPLOYEES_5 -46.05 — -142.95
Short-Term Debt SHORT_TERM_D 19.27 12.30 8.33
Growth (YoY) SHORT_TERM_D 20.36 -36.20 -32.29
Total Debt TOTAL_DEBT_5 16.50 8.83 6.75
Growth (YoY) TOTAL_DEBT_5 36.95 -46.45 -23.56
Total Equity GEO_GROW_TO 9.54 7.64 6.22
Growth (YoY) GEO_GROW_TO 47.65 -19.89 -18.58
Total Capital 5 Year Growth TOTAL_CAPITA 14.83 8.55 6.62
Growth (YoY) TOTAL_CAPITA 36.86 -42.35 -22.53
Book Value per Share GEO_GROW_BO 3.27 1.71 0.48
Growth (YoY) GEO_GROW_BO 62.78 -47.64 -71.78
Cash From Operations GEO_GROW_CA — — —

Net Change In Cash NET_CHANGE_I — -4.91 —
Free Cash Flow FREE_CASH_FL — — —
Sequential Growth
Revenue REVENUE_SEQU -0.41 8.85 -7.96
Growth (YoY) REVENUE_SEQU 98.74 — —
Operating Income OPERATING_IN 211.82 12.64 -8.15
Growth (YoY) OPERATING_IN — -94.03 —
Net Income to Common NET_INCOME_ 129.04 27.29 -17.07
Growth (YoY) NET_INCOME_ 37,565.73 -78.85 —
EPS Diluted EPS_DILUTED_ 111.76 26.39 -18.68
Growth (YoY) EPS_DILUTED_ — -76.39 —
EPS Diluted before XO EPS_DIL_BEF_ 111.76 26.39 -18.68
Growth (YoY) EPS_DIL_BEF_ — -76.39 —
EPS Diluted before Abnormal EPS_DILUTED_ 11.63 25.48 3.80
Growth (YoY) EPS_DILUTED_ — 119.13 -85.07
Dividend per Share DPS_SEQUENTI 5.88 13.89 9.76
Growth (YoY) DPS_SEQUENTI — 136.11 -29.76
Fixed Assets FIXED_ASSETS -16.53 -5.69 -2.55

Growth (YoY) FIXED_ASSETS -939.40 65.55 55.22
Total Assets TOTAL_ASSETS 3.82 4.11 5.36
Growth (YoY) TOTAL_ASSETS — 7.70 30.39
Employees EMPLOYEES_SE 1.93 -2.29 -1.43
Growth (YoY) EMPLOYEES_SE — — 37.34
Short-Term Debt ST_DEBT_SEQU 4.65 -8.09 8.99
Growth (YoY) ST_DEBT_SEQU -92.92 — —
Total Debt TOTAL_DEBT_S 3.45 -8.55 3.95
Growth (YoY) TOTAL_DEBT_S -94.93 — —
Growth (YoY) TOTAL_EQUITY -59.85 -49.16 42.15
Capital TOTAL_CAPITA 5.52 -5.27 5.43
Growth (YoY) TOTAL_CAPITA -90.91 — —
Book Value per Share BPS_SEQUENTI 13.30 6.39 6.77
Growth (YoY) BPS_SEQUENTI 8.39 -51.92 5.93
Capital Expenditures CAPEX_SEQUEN 26.65 -40.58 -12.43

Growth (YoY) CAPEX_SEQUEN — — 69.38
Net Change In Cash NET_CHANGE_I — 120.39 -119.74
Growth (YoY) NET_CHANGE_I — — —
Free Cash Flow FREE_CASH_FL — 15.01 -121.80
Growth (YoY) FREE_CASH_FL — — —
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
-7.95 -3.28 -4.09 -18.40 6.06 13.40 9.73

0.16 58.73 -24.67 -349.81 — 121.02 -27.41
18.42 -20.22 1.01 -70.83 210.89 17.32 -36.65
— — — — — -91.79 —
16.18 -16.10 -4.14 -89.67 645.42 30.21 -52.66
— — 74.28 -2,065.73 — -95.32 —
13.51 -17.86 -7.25 -89.06 585.71 31.25 -52.38
— — 59.42 -1,129.06 — -94.66 —
13.51 -17.86 -7.25 -89.06 585.71 31.25 -52.38
— — 59.42 -1,129.06 — -94.66 —
1.56 -11.46 -9.35 -28.57 30.41 2.11 -2.46
-58.94 — 18.37 -205.47 — -93.07 —
8.89 2.04 2.00 0.00 0.00 0.00 0.00
-8.89 -77.04 -2.00 — — — —
2.45 -2.90 -5.78 -5.54 6.98 0.33 4.17

— — -99.12 4.15 — -95.28 1,168.55
-0.79 -1.39 -8.52 -1.44 6.18 1.44 6.14
— -76.60 -512.31 83.12 — -76.68 325.82
-5.42 -4.16 2.48 -8.71 -4.98 2.71 0.06
-278.08 23.10 — — 42.85 — -97.90
-18.39 -20.29 -26.87 9.00 19.03 -44.64 1.02
— -10.37 -32.40 — 111.36 — —
-16.34 6.13 -22.09 0.37 20.33 -11.57 -0.66
— — — — 5,335.92 — 94.30
4.00 5.00 -1.23 -7.56 8.38 -1.83 -0.81
-60.98 24.87 — -514.88 — — 55.54
-11.33 5.80 -16.11 -2.30 16.51 -8.68 -0.71
— — — 85.70 — — 91.83
1.83 -3.61 2.83 -7.79 -4.83 -2.64 -1.85
-72.96 — — — 37.97 45.25 30.05
— 99.25 81.96 160.87 — — 1,245.47

— — -17.42 96.29 — — —
48.10 -24.33 -8.46 -14.87 1.39 2.49 12.29
— — 65.22 -75.67 — 78.76 394.61
— — -27.70 — 104.85 — -77.38
— 128.45 89.03 167.54 — — 1,972.02
— — -30.69 88.17 — — —
-9.11 -2.34 -3.07 -8.50 -5.87 -1.86 0.65

-14.44 74.29 -31.30 -176.53 30.96 68.31 —
2.14 24.97 -0.25 -23.87 -2.85 -3.03 -7.40
— 1,068.78 — -9,286.67 88.07 -6.35 -144.31
23.03 18.70 -0.27 -39.65 -6.37 -4.21 -14.57
— -18.78 — -14,342.21 83.94 33.91 -246.22
15.45 15.21 -2.33 -40.13 -8.29 -5.59 -15.34
— -1.57 — -1,623.69 79.33 32.58 -174.44
15.45 15.21 -2.33 -40.13 -8.29 -5.59 -15.34
— -1.57 — -1,623.69 79.33 32.58 -174.44
-4.93 5.51 1.21 -9.58 -5.36 -5.26 -3.40
42.95 — -78.12 — 44.06 1.89 35.24
-2.56 8.02 7.21 4.46 2.53 0.80 0.40
74.20 — -10.03 -38.16 -43.19 -68.31 -50.60
-5.01 -5.26 -2.94 -2.91 -1.08 -1.50 -0.10

33.82 -5.09 44.11 1.06 62.80 -38.07 93.38
1.11 2.18 -0.37 -1.46 -1.30 -0.86 0.61
-59.09 96.15 — -293.64 10.53 33.77 —
-2.99 -2.31 -2.20 -3.52 -4.23 -2.63 -1.79
-44.48 22.87 4.63 -60.07 -20.01 37.69 32.02
7.23 -7.37 -13.78 -10.79 -9.20 -15.98 -11.91
-13.16 — -86.93 21.72 14.71 -73.73 25.51
6.71 -2.68 -8.04 -6.31 -3.53 -2.46 -3.74
-0.68 — -200.52 21.49 44.07 30.44 -52.14
13.70 8.07 4.98 1.91 1.56 0.39 -0.74
120.17 -41.10 -38.30 -61.63 -18.32 -74.70 —
8.47 -0.23 -4.70 -4.11 -2.18 -1.60 -2.84
27.87 — -1,960.83 12.54 47.07 26.56 -77.67
8.03 4.79 2.77 -0.12 -2.40 -3.27 -2.92
1,559.84 -40.41 -42.02 — -1,835.22 -36.46 10.73
— — -11.41 4.74 — -20.58 16.36

— — — — — — —
— — -11.39 4.91 — -24.47 17.39
-7.95 -3.28 -4.09 -18.40 6.06 13.40 9.73
0.16 58.73 -24.67 -349.81 — 121.02 -27.41
18.42 -20.22 1.01 -70.83 210.89 17.32 -36.65
— — — — — -91.79 —
16.18 -16.10 -4.14 -89.67 645.42 30.21 -52.66
— — 74.28 -2,065.73 — -95.32 —
13.51 -17.86 -7.25 -89.06 585.71 31.25 -52.38
— — 59.42 -1,129.06 — -94.66 —
13.51 -17.86 -7.25 -89.06 585.71 31.25 -52.38
— — 59.42 -1,129.06 — -94.66 —
1.56 -11.46 -9.35 -28.57 30.41 2.11 -2.46
-58.94 — 18.37 -205.47 — -93.07 —
8.89 2.04 2.00 0.00 0.00 0.00 0.00
-8.89 -77.04 -2.00 — — — —
2.45 -2.90 -5.78 -5.54 6.98 0.33 4.17

— — -99.12 4.15 — -95.28 1,168.55
-0.79 -1.39 -8.52 -1.44 6.18 1.44 6.14
— -76.60 -512.31 83.12 — -76.68 325.82
-5.42 -4.16 2.48 -8.71 -4.98 2.71 0.06
-278.08 23.10 — — 42.85 — -97.90
-18.39 -20.29 -26.87 9.00 19.03 -44.64 1.02
— -10.37 -32.40 — 111.36 — —
-16.34 6.13 -22.09 0.37 20.33 -11.57 -0.66
— — — — 5,335.92 — 94.30
4.00 5.00 -1.23 -7.56 8.38 -1.83 -0.81
-60.98 24.87 — -514.88 — — 55.54
-11.33 5.80 -16.11 -2.30 16.51 -8.68 -0.71
— — — 85.70 — — 91.83
1.83 -3.61 2.83 -7.79 -4.83 -2.64 -1.85
-72.96 — — — 37.97 45.25 30.05
48.10 -24.33 -8.46 -14.87 1.39 2.49 12.29

— — 65.22 -75.67 — 78.76 394.61
— -245.22 — — 104.85 -117.19 —
— — — — — — —
— 128.45 89.03 167.54 -114.71 — 1,972.02
— — -30.69 88.17 — — —
HSBC Holdings PLC (5 HK) - Credit
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
IFRS 16/ASC 842 Adoption IFRS_16_ASC_8 No No No
Short and Long Term Debt SHORT_AND_LO 4,586,534.96 4,191,113.66 4,347,727.84

Growth (YoY) SHORT_AND_LO 3.71 -8.62 3.74
Short-Term Debt BS_ST_BORRO 3,196,851.59 2,935,883.53 3,193,308.79
Growth (YoY) BS_ST_BORRO 4.91 -8.16 8.77
Long Term Debt BS_LT_BORRO 1,389,683.37 1,255,230.13 1,154,419.05
Growth (YoY) BS_LT_BORRO 1.05 -9.68 -8.03
Total Debt/EBIT TOTAL_DEBT_TO 35.72 29.00 32.82

Growth (YoY) TOTAL_DEBT_TO -66.82 -18.81 13.17
Net Debt/EBIT NET_DEBT_TO_E 19.27 11.85 15.19
Growth (YoY) NET_DEBT_TO_E -68.44 -38.50 28.13
Cash Interest Paid CF_ACT_CASH_ — — —

Growth (YoY) CF_ACT_CASH_ — — —
Interest Expense IS_INT_EXPENS 146,861.99 173,924.84 147,616.35
Growth (YoY) IS_INT_EXPENS -11.52 18.19 -14.83
Common Equity/Total Assets COM_EQY_TO_T 6.02 6.21 6.51

Growth (YoY) COM_EQY_TO_T 10.86 3.25 4.79
Long-Term Debt/Equity LT_DEBT_TO_T 115.41 97.31 81.33
Growth (YoY) LT_DEBT_TO_T -11.73 -15.69 -16.42
Long-Term Debt/Capital LT_DEBT_TO_T 24.00 22.90 20.02
Long-Term Debt/Total Assets LT_DEBT_TO_T 7.28 6.32 5.53
Total Debt/Equity TOT_DEBT_TO_ 380.90 324.90 306.30

Growth (YoY) TOT_DEBT_TO_ -9.40 -14.70 -5.72
Total Debt/Capital TOT_DEBT_TO_ 79.21 76.46 75.39
Total Debt/Total Assets TOT_DEBT_TO_ 24.04 21.12 20.83
Net Debt/Equity NET_DEBT_TO_ 205.50 132.78 141.73

Growth (YoY) NET_DEBT_TO_ -13.84 -35.39 6.74
Net Debt/Capital NET_DEBT_%_C 67.27 57.04 58.63
Growth (YoY) NET_DEBT_%_C -4.53 -15.20 2.79
EBIT IS_OPER_INC 128,341.10 144,850.44 132,583.22

Growth (YoY) IS_OPER_INC 211.82 12.64 -8.15
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
No No No No No No Yes
3,638,804.06 3,861,760.11 3,007,317.80 3,020,043.25 3,661,289.08 3,245,859.49 3,206,743.54

-16.31 6.13 -22.13 0.42 21.23 -11.35 -1.21
2,607,114.45 2,078,029.69 1,518,903.35 1,656,465.66 1,986,535.08 1,102,476.14 1,107,561.93
-18.36 -20.29 -26.91 9.06 19.93 -44.50 0.46
1,031,689.61 950,713.43 865,306.42 673,806.16 659,139.38 844,146.68 1,006,014.13
-10.63 -7.85 -8.98 -22.13 -2.18 28.07 19.18
23.19 30.84 23.79 81.86 31.68 23.88 37.45

-29.35 33.02 -22.87 244.09 -61.30 -24.63 56.82
4.21 5.53 2.86 1.55 -0.71 -3.99 -5.22
-72.30 31.44 -48.25 -45.84 — -459.37 -31.06
— — — 93,358.51 85,423.74 111,074.19 214,557.52

— — — — -8.50 30.03 93.17
121,414.25 126,014.00 113,637.79 97,814.13 99,894.81 149,854.54 189,868.99
-17.75 3.81 -9.80 -14.03 1.73 49.15 26.74
6.81 6.79 7.82 7.38 6.66 6.41 6.01

4.61 -0.24 15.15 -5.58 -9.79 -3.84 -6.24
69.86 61.31 56.53 47.60 42.64 55.48 67.04
-14.10 -12.24 -7.80 -15.80 -10.41 30.12 20.82
20.17 17.57 19.07 15.19 12.66 17.71 21.37
0.75 -12.90 8.55 -20.33 -16.67 39.88 20.69
4.98 4.65 4.63 3.66 3.35 4.21 4.76
-9.96 -6.55 -0.46 -21.03 -8.56 25.93 12.90
246.40 249.05 196.46 213.33 236.85 213.35 213.68

-19.56 1.07 -21.12 8.59 11.03 -9.92 0.16
71.13 71.35 66.27 68.08 70.31 68.09 68.12
-5.65 0.31 -7.12 2.74 3.27 -3.17 0.05
17.57 18.91 16.10 16.40 18.58 16.20 15.16
-15.67 7.62 -14.83 1.84 13.32 -12.83 -6.40
44.71 44.65 23.63 4.04 -5.33 -35.61 -29.81

-68.46 -0.13 -47.08 -82.91 — -568.49 16.30
30.90 30.87 19.11 3.88 -5.63 -55.31 -42.46
-47.31 -0.09 -38.08 -79.69 — -882.92 23.22
156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71

18.42 -20.22 1.01 -70.83 210.89 17.32 -36.65
HSBC Holdings PLC (5 HK) - Liquidity
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Long-Term Debt/Equity LT_DEBT_TO_T 115.41 97.31 81.33

Long-Term Debt/Capital LT_DEBT_TO_T 24.00 22.90 20.02
Long-Term Debt/Total Assets LT_DEBT_TO_T 7.28 6.32 5.53
Total Debt/Equity TOT_DEBT_TO_ 380.90 324.90 306.30

Total Debt/Capital TOT_DEBT_TO_ 79.21 76.46 75.39
Total Debt/Total Assets TOT_DEBT_TO_ 24.04 21.12 20.83
CFO/Total Liabilities CASH_FLOW_TO 2.95 3.21 -0.60

Growth (YoY) CASH_FLOW_TO — 8.69 —
CFO/CapEx CAP_EXPEND_R 26.78 50.90 -11.42
Growth (YoY) CAP_EXPEND_R — 90.07 —
Growth (YoY) COM_EQY_TO_T 10.86 3.25 4.79
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
69.86 61.31 56.53 47.60 42.64 55.48 67.04

-14.10 -12.24 -7.80 -15.80 -10.41 30.12 20.82
20.17 17.57 19.07 15.19 12.66 17.71 21.37
0.75 -12.90 8.55 -20.33 -16.67 39.88 20.69
4.98 4.65 4.63 3.66 3.35 4.21 4.76
-9.96 -6.55 -0.46 -21.03 -8.56 25.93 12.90
246.40 249.05 196.46 213.33 236.85 213.35 213.68

-19.56 1.07 -21.12 8.59 11.03 -9.92 0.16
71.13 71.35 66.27 68.08 70.31 68.09 68.12
-5.65 0.31 -7.12 2.74 3.27 -3.17 0.05
17.57 18.91 16.10 16.40 18.58 16.20 15.16
-15.67 7.62 -14.83 1.84 13.32 -12.83 -6.40
0.41 0.84 1.67 4.40 -0.55 0.14 1.72

— 103.07 100.22 163.22 — — 1,160.87
5.23 13.77 27.38 83.90 -11.03 2.70 32.32
— 163.32 98.78 206.43 — — 1,098.20
6.81 6.79 7.82 7.38 6.66 6.41 6.01
4.61 -0.24 15.15 -5.58 -9.79 -3.84 -6.24
HSBC Holdings PLC (5 HK) - Yield Analysis
12 Months Ending 12/31/2012 12/31/2013 12/31/2014
T12 Cash Flows to Equity
+ Cash From Operations TRAIL_12M_CA -116,789.90 79,202.76 157,769.52
+ Capital Expenditures TRAIL_12M_CA -10,223.77 -15,140.91 -11,453.70
Free Cash Flow TRAIL_12M_FR -127,013.67 64,061.86 146,315.82
Free Cash Flow Yield FREE_CASH_FL -8.60 4.06 10.49
Dividends Paid T12M_DVDS_PA -45,960.42 -49,750.91 -51,266.37

Net Share Repurchases T12M_NET_CAP 4,413.75 2,055.50 1,326.05
T12M_CHG_ST_ — — -440,374.33
T12M_CHG_LT_ -102,928.08 -116,768.04 -60,455.70
Other Financing Activities T12_OTHER_CF 3,374.31 -12,387.31 -97,275.05
T12 Cash to Suppliers of Capital T12_CFF -141,100.44 -176,850.75 -648,045.39
T12 Shareholder Yield SHAREHOLDER_ 9.37 11.03 45.86
- Dividends Paid T12M_DVDS_PA -45,960.42 -49,750.91 -51,266.37

- Net Share Repurchases T12M_NET_CAP 4,413.75 2,055.50 1,326.05
T12 Cash to Shareholders RETURNED_CAP 41,546.67 47,695.41 49,940.32
T12 Shareholder Yield, Ex Debt SHAREHOLDER_ 2.76 2.98 3.53
- Dividends Paid T12M_DVDS_PA -45,960.42 -49,750.91 -51,266.37

- Net Share Repurchases T12M_NET_CAP 4,413.75 2,055.50 1,326.05
- Net ST Debt Repayments T12M_CHG_ST_ — — -440,374.33
- Net LT Debt Repayments T12M_CHG_LT_ -102,928.08 -116,768.04 -60,455.70
- Other Financing Activities T12_OTHER_CF 3,374.31 -12,387.31 -97,275.05
T12 Cash to Suppliers of Capital T12_CFF -141,100.44 -176,850.75 -648,045.39
Source: Bloomberg
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Est FY 2021 Est
12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021
286,993.95 749,639.25 -100,307.82 25,284.04 340,084.33 57,813.14 75,773.92

-10,481.53 -8,934.53 -9,094.10 -9,373.75 -10,522.60
276,512.42 740,704.72 -109,401.92 15,910.29 329,561.73
1,205,292.21 1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75
23.30 59.57 -6.78 1.24 26.58
-50,764.11 -71,080.39 -70,173.39 -84,348.04 -76,572.84

3,705.75 287.21 16,590.69 -15,220.58 -6,730.39
-205,296.93 -35,551.84 29,323.98 82,161.36 -258,011.22
15,373.43 -163,064.95 -38,519.39 115,439.73 117,981.56
-95,799.03 -125,122.29 142,084.56 -77,552.86 9,778.26
-332,780.88 -394,532.27 79,306.46 20,479.60 -213,554.62
1,205,292.21 1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75
27.60 31.55 -4.91 -1.58 17.09
-50,764.11 -71,080.39 -70,173.39 -84,348.04 -76,572.84

3,705.75 287.21 16,590.69 -15,220.58 -6,730.39
47,058.36 70,793.18 53,582.71 99,568.63 83,303.23
1,205,292.21 1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75
3.90 5.66 3.32 7.69 6.67
-50,764.11 -71,080.39 -70,173.39 -84,348.04 -76,572.84

3,705.75 287.21 16,590.69 -15,220.58 -6,730.39
-205,296.93 -35,551.84 29,323.98 82,161.36 -258,011.22
15,373.43 -163,064.95 -38,519.39 115,439.73 117,981.56
-95,799.03 -125,122.29 142,084.56 -77,552.86 9,778.26
-332,780.88 -394,532.27 79,306.46 20,479.60 -213,554.62
HSBC Holdings PLC (5 HK) - DuPont Analysis
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Tax Burden
Net Inc to Comn/Pre-Tax Profit % TAX_EFFICIENC 66.95 74.18 65.16
Adjustment Factor
Normlzd Net Inc/Net Inc to Cmn NORM_NET_INC 0.96 0.96 1.22
Operating Margin
EBIT/Revenue % T12_PRETAX_M 26.44 28.55 28.66
Asset Turnover
Revenue/Avg Assets ASSET_TURNOV 0.04 0.04 0.03
Leverage Ratio
Avg Assets/Avg Equity FNCL_LVRG 17.46 16.35 15.71
Adjusted Return on Equity NORMALIZED_R 8.91 10.13 9.85
5 Year Average Adj ROE 5_YEAR_AVERA 12.99 11.89 10.61

Payout Ratio DVD_PAYOUT_R 49.65 45.14 61.40
Sustainable Growth Rate SUSTAIN_GROW 4.65 5.81 3.11
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
69.27 70.21 66.63 18.26 56.40 63.39 44.72
1.09 1.18 1.15 8.00 1.43 1.11 2.30
33.09 28.81 29.89 13.98 31.51 34.77 22.43
0.03 0.03 0.03 0.03 0.03 0.03 0.03
15.02 14.71 13.73 13.15 14.26 15.31 16.13
9.57 8.57 7.87 5.72 8.05 8.45 8.40
9.55 9.41 9.20 8.32 7.96 7.73 7.70

58.70 71.06 77.24 780.14 105.27 80.80 172.04
3.62 2.10 1.56 -4.86 -0.30 1.46 -2.63
HSBC Holdings PLC (5 HK) - By Measure
In Millions of HKD except Per Share FY 2010 FY 2011
12 Months Ending 12/31/2010 12/31/2011
Net Revenues 530,199.45 100.00% 562,649.92 100.00%
Retail Banking & Wealth Management — 261,031.26 42.64%
Commercial Banking 107,474.02 18.67% 121,520.86 19.85%
Global Banking & Markets 154,964.89 26.92% 132,776.97 21.69%
Global Banking 35,899.77 6.24% 42,043.06 6.87%
Financing and ECM 22,156.71 3.85% 25,166.67 4.11%
Payments and Cash Management 8,802.09 1.53% 11,941.13 1.95%
Other transaction services 4,940.98 0.86% 4,935.25 0.81%
Global Markets 71,263.49 12.38% 63,037.34 10.30%
FX 21,379.82 3.71% 25,470.26 4.16%
Rates 15,941.64 2.77% 10,438.76 1.71%
Equities 5,865.47 1.02% 7,480.72 1.22%
Credit 12,810.80 2.23% 2,607.74 0.43%
Legacy Credit — —
Securities Services 11,738.70 2.04% 13,023.15 2.13%
Principal Investments 2,478.26 0.43% 1,626.92 0.27%
Credit and Funding Valuation Adjustment — —
FX Translations & Significant Items — —
Debit valuation Adjustment — —
Other Global Businesses 5,088.58 0.88% -1,082.02 -0.18%
Global Asset Management 8,367.03 1.45% —
Asset and Structured Finance 3,527.05 0.61% 4,016.70 0.66%
Balance Sheet Management 31,867.75 5.54% 27,151.67 4.44%
Global Private Banking 24,029.00 4.17% 25,625.95 4.19%
Corporate Centre 36,202.76 6.29% 71,187.51 11.63%
Inter-Segment Elimination -45,548.66 -49,492.64
Personal Financial Services 253,077.46 43.96% —
Operating Income 128,341.10 100.00% 144,850.44 100.00%
Commercial banking 40,382.39 31.46% 51,781.23 35.75%
Private Banking 8,312.65 6.48% 7,317.25 5.05%
Corporate Centre -9,749.88 -7.60% 12,867.46 8.88%
Reconcilliation — —
Pretax Income 147,895.25 100.00% 170,258.43 100.00%
Private Banking 8,188.35 5.54% 7,348.39 4.32%
Impairment Charges — —
Corporate Centre — —
Private Banking — —
Global Banking & Markets — —
Commercial banking — —
Retail Banking & Wealth Management — —
Assets 19,079,806.66 100.00% —
Global Banking & Markets 13,667,030.83 61.46% —
Corporate Centre 1,254,980.74 5.64% —
Commercial banking 2,306,943.72 10.37% —
Private Banking 908,220.59 4.08% —
Intra-HSBC items -3,159,060.24 —
Personal Financial Services 4,101,691.01 18.44% —
Net Interest Income 306,410.49 100.00% 339,746.21 100.00%
Private Banking 10,449.08 3.33% 11,201.62 3.30%
Inter-Segment Elimination -7,007.49 —
Provision for Loan Losses 109,066.63 100.00% 94,400.33 100.00%
Private Banking -93.23 -0.09% 669.45 0.71%
Corporate Centre -23.31 -0.02% —
Total Deposits 9,542,860.88 100.00% 9,738,733.91 100.00%
Retail Banking & Wealth Management 4,082,437.79 42.78% 4,108,663.43 42.19%
Commercial banking 2,223,075.21 23.30% 2,377,930.99 24.42%
Global Banking & Markets 2,397,255.88 25.12% 2,380,105.64 24.44%
Private Banking 832,700.06 8.73% 868,414.61 8.92%
Corporate Centre 7,391.93 0.08% 3,619.24 0.04%
Non Interest Expense 292,791.73 100.00% —
Global Banking & Markets 77,393.10 22.87% —
Commercial banking 53,068.89 15.69% —
Private Banking 15,809.57 4.67% —
Corporate Centre 45,975.95 13.59% —
Reconcilliation — —
Inter-segment Elimination -45,548.66 —
Total Loans 7,605,288.39 100.00% 7,208,903.75 100.00%
Corporate and commercial banking 3,462,875.67 45.53% 3,427,353.98 47.54%
Other commercial 719,030.64 9.45% 772,730.10 10.72%
Asia — —
Europe 408,110.86 5.37% 403,171.97 5.59%
North America 62,213.49 0.82% 71,600.29 0.99%
Middle East 32,428.12 0.43% 36,005.96 0.50%
Latin America 48,984.19 0.64% 53,131.31 0.74%
Hong Kong 78,684.05 1.03% 96,375.74 1.34%
Rest of Acia-pacific 88,609.92 1.17% 112,444.83 1.56%
Commercial real estate 558,708.86 7.35% 690,256.58 9.58%
Asia — —
Europe 238,073.09 3.13% 249,300.09 3.46%
North America 68,151.91 0.90% 54,902.10 0.76%
Middle East 8,433.49 0.11% 7,782.13 0.11%
Latin America 23,225.13 0.31% 54,902.10 0.76%
Hong Kong 152,953.16 2.01% 249,300.09 3.46%
Government 66,799.44 0.88% 86,046.16 1.19%
Asia — —
North America 691.78 0.01% 5,094.89 0.07%
Hong Kong 18,180.58 0.24% 22,662.94 0.31%
Latin America 16,455.02 0.22% 14,267.24 0.20%
Middle East 10,454.42 0.14% 12,139.20 0.17%
Europe 17,791.94 0.23% 24,410.42 0.34%
Other property-related 270,788.81 3.56% 307,083.60 4.26%
Asia — —
Latin America 6,878.93 0.09% 5,296.82 0.07%
Middle East 13,874.45 0.18% 13,746.88 0.19%
Europe 49,753.69 0.65% 58,987.33 0.82%
North America 39,711.24 0.52% 44,494.85 0.62%
Hong Kong 118,395.29 1.56% 134,882.54 1.87%
Manufacturing 708,265.31 9.31% 692,819.55 9.61%
Asia — —
Middle East 23,893.59 0.31% 27,315.13 0.38%
Hong Kong 63,511.55 0.84% 354,405.49 4.92%
North America 44,678.05 0.59% 61,262.94 0.85%
Latin America 94,734.89 1.25% 101,773.53 1.41%
Europe 364,466.59 4.79% 78,132.00 1.08%
International trade and services 1,139,282.61 14.98% 878,417.99 12.19%
Asia — —
Latin America 84,653.56 1.11% 83,180.29 1.15%
Middle East 62,951.91 0.83% 229,930.19 3.19%
North America 85,415.30 1.12% 83,180.29 1.15%
Hong Kong 196,496.38 2.58% 225,744.00 3.13%
Europe 505,931.55 6.65% 26,453.04 0.37%
Personal banking 3,305,927.30 43.47% 3,057,127.93 42.41%
First lien residential mortgages 2,088,403.68 27.46% 2,166,594.04 30.05%
Europe 867,584.39 11.41% 931,230.87 12.92%
Asia — —
North America 40,869.38 0.54% 569,120.91 7.89%
Latin America 612,823.10 8.06% 38,778.63 0.54%
Middle East 13,610.17 0.18% 14,267.24 0.20%
Hong Kong 330,250.73 4.34% 363,608.91 5.04%
Other personal 1,217,523.62 16.01% 890,533.89 12.35%
Europe 389,409.51 5.12% 359,166.42 4.98%
Asia — —
North America 468,505.52 6.16% 171,315.66 2.38%
Latin America 127,201.87 1.67% 117,423.23 1.63%
Middle East 28,137.54 0.37% 26,654.97 0.37%
Hong Kong 115,192.90 1.51% 127,092.64 1.76%
Financial banking 790,688.08 10.40% 683,414.20 9.48%
Non-bank financial institutions 778,546.97 10.24% 676,082.53 9.38%
Asia — —
Europe 544,243.68 7.16% 491,726.75 6.82%
North America 164,076.04 2.16% 99,544.51 1.38%
Latin America 21,903.75 0.29% 14,399.28 0.20%
Middle East 10,376.69 0.14% 22,810.50 0.32%
Hong Kong 21,950.39 0.29% 24,790.99 0.34%
Settlement accounts 12,141.11 0.16% 7,331.67 0.10%
North America 722.87 0.01% —
Middle East 93.27 0.00% 46.60 0.00%
Latin America 1,437.97 0.02% 411.63 0.01%
Hong Kong 2,837.07 0.04% 2,182.41 0.03%
Europe 5,487.60 0.07% 2,780.44 0.04%
Asset-backed securities reclassified 45,797.34 0.60% 41,007.65 0.57%
North America 5,254.41 0.07% 3,914.37 0.05%
Europe 40,542.92 0.53% 37,093.28 0.51%
Cost income Ratio — —
Private Banking 65.80 —
Global Banking & Markets 49.90 —
Commercial banking 49.40 —
Retail Banking & Wealth Management 58.10 —
Other — —
Personal Financial Services 57.70 —
Risk Weighted Assets — —
Other — —
Net New Money (assets) 326,290.93 100.00% 15,568.62 100.00%
Net New Money 326,290.93 100.00% 15,568.62 100.00%
Assets under Management 7,189,840.00 100.00% 6,578,310.20 100.00%
Global Asset Management 3,412,259.20 47.46% 3,075,573.60 46.75%
Private Banking 2,153,065.60 29.95% 2,011,549.40 30.58%
Other 1,601,196.80 22.27% 1,467,887.40 22.31%
Affiliates 23,318.40 0.32% 23,299.80 0.35%
Delinquencies - Managed Basis 10,573.38 100.00% —
Private Label 3,138.61 29.68% —
Credit Card 7,434.77 70.32% —
Delinquency Rate - Managed Basis — —
Private Label Cards 3.03 —
Credit Card 4.69 —
Total Loans, Net — —
Corporate Centre — —
Source: Bloomberg
FY 2012 FY 2013 FY 2014 FY 2015
12/31/2012 12/31/2013 12/31/2014 12/31/2015
530,038.11 100.00% 501,713.17 100.00% 474,960.32 100.00% 463,606.21 100.00%
262,660.92 45.64% 207,411.80 37.98% 195,023.14 38.03% 175,395.10 37.83%
128,386.67 22.31% 126,936.95 23.24% 122,121.13 23.82% 110,071.59 23.74%
141,744.28 24.63% 148,740.79 27.24% 127,813.09 24.93% 123,824.72 26.71%
43,191.16 7.51% 44,709.11 8.19% 47,753.49 9.31% 47,934.40 10.34%
23,821.85 4.14% 30,979.91 5.67% 29,289.53 5.71% 29,126.56 6.28%
13,528.27 2.35% 13,729.20 2.51% 13,027.91 2.54% 13,520.56 2.92%
5,841.05 1.01% — 5,436.05 1.06% 5,287.28 1.14%
67,742.18 11.77% 53,792.10 9.85% 44,783.44 8.73% 46,593.20 10.05%
24,938.86 4.33% 24,712.57 4.53% 21,108.31 4.12% 20,606.44 4.44%
13,737.71 2.39% 12,821.68 2.35% 11,003.93 2.15% 10,884.67 2.35%
5,267.03 0.92% 10,083.60 1.85% 8,669.76 1.69% 10,404.01 2.24%
6,042.73 1.05% 6,174.26 1.13% 4,125.50 0.80% 4,698.08 1.01%
— — -124.08 -0.02% —
12,899.95 2.24% 12,891.49 2.36% 12,322.23 2.40% 12,404.18 2.68%
969.63 0.17% 3,971.39 0.73% 3,861.84 0.75% 1,752.09 0.38%
— — — 1,441.99
— — 31.02 11,349.82
4,018.14 814.44 -2,574.56 1,783.10
-3,172.63 -0.55% 2,691.54 0.49% -426.51 -0.08% 565.94 0.12%
— — — —
4,855.90 0.84% 5,747.65 1.05% — —
28,995.79 5.04% 24,123.06 4.42% 22,062.14 4.30% —
24,605.31 4.28% 19,205.37 3.52% 18,432.94 3.59% 16,094.42 3.47%
18,089.40 3.14% 43,832.61 8.03% 49,358.71 9.63% 38,220.38 8.24%
-45,448.46 -44,414.36 -37,788.69 —
— — — —
132,583.22 100.00% 156,993.82 100.00% 125,223.02 100.00% 126,452.86 100.00%
66,532.08 50.18% 48,595.17 30.95% 40,192.65 32.10% 42,507.57 33.62%
53,166.71 40.10% 53,768.83 34.25% 55,903.69 44.64% 40,577.17 32.09%
59,698.13 45.03% 69,879.32 44.51% 41,759.10 33.35% 41,119.86 32.52%
7,772.55 5.86% 1,388.43 0.88% 4,707.11 3.76% 2,891.72 2.29%
-54,586.25 -41.17% -16,637.93 -10.60% -17,339.53 -13.85% -643.47 -0.51%
— — — —
— — — —
160,174.99 100.00% 175,027.95 100.00% 144,857.94 100.00% 146,268.54 100.00%
74,273.60 46.37% 51,573.71 29.47% 43,279.02 29.88% 37,204.79 25.44%
66,206.28 41.33% 65,473.56 37.41% 68,349.99 47.18% 43,298.34 29.60%
-54,221.67 -33.85% -16,746.53 -9.57% -17,293.00 -11.94% 24,048.60 16.44%
66,089.93 41.26% 73,230.17 41.84% 45,667.47 31.53% 39,987.97 27.34%
7,826.85 4.89% 1,497.03 0.86% 4,854.45 3.35% 1,728.83 1.18%
— — — —
— — -29,863.38 -28,847.47
— — 0.00 -9,062.80 31.42%
— — 62.04 -0.21% -85.28 0.30%
— — -2,830.47 9.48% -550.44 1.91%
— — -12,081.83 40.46% -11,218.03 38.89%
— — -15,013.11 50.27% -7,930.92 27.49%
20,869,592.78 100.00% 20,712,865.51 100.00% 20,424,850.39 100.00% 18,675,074.97 100.00%
15,055,890.72 61.42% 15,317,701.68 63.26% 14,264,415.61 62.06% 6,872,401.18 38.20%
1,563,674.32 6.38% 1,332,195.89 5.50% 1,275,803.44 5.55% 5,051,879.43 28.08%
4,156,373.62 16.96% 4,009,373.67 16.56% 3,883,649.37 16.90% 3,273,037.73 18.19%
2,818,684.54 11.50% 2,796,198.62 11.55% 2,876,371.24 12.51% 2,396,842.43 13.32%
918,016.60 3.75% 757,197.34 3.13% 684,995.03 2.98% 396,727.62 2.21%
-3,643,047.01 -3,499,801.69 -2,560,384.30 684,186.58
— — — —
296,186.82 100.00% 275,662.23 100.00% 269,127.12 100.00% 252,200.23 100.00%
157,452.27 53.16% 142,248.51 51.35% 132,838.14 49.22% 123,468.10 48.44%
80,370.63 27.14% 79,117.44 28.56% 78,772.32 29.19% 76,433.00 29.99%
53,988.95 18.23% 52,481.24 18.94% 54,453.56 20.18% 53,733.36 21.08%
10,037.60 3.39% 8,889.08 3.21% 7,708.18 2.86% 6,744.77 2.65%
— -1,357.41 -759.96 -2,674.65
-5,662.63 -1.91% -5,716.62 -2.06% -3,885.11 -1.44% -5,504.35 -2.16%
— — — —
64,468.71 100.00% 45,368.42 100.00% 29,863.38 100.00% 28,847.47 100.00%
42,780.04 66.36% 25,030.59 55.17% 15,013.11 50.27% 15,032.32 52.11%
16,282.01 25.26% 18,491.76 40.76% 12,081.83 40.46% 13,722.12 47.57%
5,197.21 8.06% 1,605.62 3.54% 2,830.47 9.48% 0.00
209.44 0.32% 240.45 0.53% -62.04 -0.21% 93.03 0.32%
0.00 0.00 0.00 0.00
— — — —
10,386,314.51 100.00% 11,497,427.69 100.00% 10,472,743.00 100.00% 9,994,420.46 100.00%
4,357,176.19 41.95% 4,497,157.48 39.11% 4,526,393.40 43.22% 4,532,816.49 45.35%
2,622,943.31 25.25% 2,747,155.83 23.89% 2,801,623.64 26.75% 2,803,218.92 28.05%
2,574,190.15 24.78% 3,491,652.45 30.37% 2,474,432.32 23.63% 2,028,418.17 20.30%
819,828.19 7.89% 750,335.23 6.53% 662,687.06 6.33% 623,139.04 6.23%
12,176.66 0.12% 11,126.70 0.10% 7,606.58 0.07% 6,827.84 0.07%
332,986.19 100.00% 299,063.93 100.00% 319,873.93 100.00% 308,305.88 100.00%
153,348.80 40.52% 133,786.04 38.95% 139,817.38 38.02% 131,949.46 36.71%
76,848.93 20.31% 77,255.85 22.49% 93,273.62 25.37% 83,991.80 23.37%
58,937.94 15.57% 54,676.36 15.92% 54,135.61 14.72% 52,283.62 14.55%
16,623.32 4.39% 17,289.49 5.03% 13,787.87 3.75% 14,202.79 3.95%
72,675.65 19.20% 60,470.55 17.61% 66,698.24 18.14% 77,006.70 21.42%
— — — —
-45,448.46 -44,414.36 -47,838.79 -51,128.48
— — — —
7,857,358.61 100.00% 8,493,876.95 100.00% 7,653,076.04 100.00% 7,238,663.15 100.00%
3,980,032.89 50.65% 4,216,687.02 49.64% 4,207,459.99 54.98% 3,871,275.70 53.48%
805,147.99 10.25% 913,366.62 10.75% 953,923.55 12.46% 897,391.83 12.40%
— — 302,138.47 3.95% 279,344.60 3.86%
405,705.36 5.16% 500,290.68 5.89% 456,402.31 5.96% 409,693.54 5.66%
75,827.05 0.97% 91,014.10 1.07% 105,096.36 1.37% 136,812.52 1.89%
41,343.30 0.53% 35,171.24 0.41% 36,458.84 0.48% 45,872.84 0.63%
56,690.08 0.72% 46,181.63 0.54% 53,827.57 0.70% 25,668.33 0.35%
96,049.15 1.22% 112,941.85 1.33% — —
129,533.04 1.65% 127,767.12 1.50% — —
594,959.08 7.57% 580,340.91 6.83% 568,306.59 7.43% 526,433.29 7.27%
— — 276,643.64 3.61% 250,878.49 3.47%
257,942.20 3.28% 242,895.54 2.86% 218,559.18 2.86% 203,486.63 2.81%
50,938.91 0.65% 45,747.42 0.54% 50,850.08 0.66% 54,498.70 0.75%
0.00 0.00% 4,954.68 0.06% 4,489.51 0.06% 5,347.57 0.07%
26,151.54 0.33% 18,771.95 0.22% 17,764.18 0.23% 12,221.91 0.17%
71,974.86 0.92% 71,350.47 0.84% — —
181,247.05 2.31% 196,620.86 2.31% — —
83,593.46 1.06% 56,928.40 0.67% 47,632.21 0.62% 57,777.00 0.80%
— — 9,265.91 0.12% 8,773.11 0.12%
8,805.02 0.11% 2,186.57 0.03% — —
5,999.20 0.08% 4,373.14 0.05% 1,271.64 0.02% 1,573.27 0.02%
21,997.05 0.28% 5,730.06 0.07% — —
15,362.28 0.20% 7,552.20 0.09% 7,505.78 0.10% 5,983.08 0.08%
12,882.00 0.16% 11,188.73 0.13% 12,034.05 0.16% 13,136.42 0.18%
18,547.90 0.24% 25,897.69 0.30% 17,554.83 0.23% 28,311.12 0.39%
314,159.48 4.00% 347,618.36 4.09% 406,203.56 5.31% 414,351.35 5.72%
— — 266,571.33 3.48% 272,850.02 3.77%
2,945.34 0.04% 2,543.25 0.03% 2,178.85 0.03% 348.75 0.00%
16,300.14 0.21% 10,335.82 0.12% 12,925.75 0.17% 14,787.19 0.20%
57,372.16 0.73% 56,664.77 0.67% 55,254.29 0.72% 56,753.98 0.78%
51,473.73 0.66% 58,936.63 0.69% — —
58,961.10 0.75% 67,582.12 0.80% 69,273.34 0.91% 69,611.40 0.96%
127,107.01 1.62% 151,555.77 1.78% — —
869,255.68 11.06% 883,351.67 10.40% 829,558.75 10.84% 742,909.09 10.26%
— — 292,841.54 3.83% 265,611.43 3.67%
26,143.79 0.33% 24,657.08 0.29% 18,710.16 0.24% 19,406.25 0.27%
80,252.82 1.02% 89,804.51 1.06% — —
75,424.01 0.96% 91,905.79 1.08% 118,626.92 1.55% 135,681.00 1.87%
99,118.51 1.26% 94,704.91 1.11% 93,442.25 1.22% 19,933.26 0.28%
148,918.04 1.90% 148,686.87 1.75% — —
439,398.52 5.59% 433,592.50 5.10% 305,937.88 4.00% 302,277.15 4.18%
1,312,917.20 16.71% 1,435,081.06 16.90% 1,401,835.33 18.32% 1,232,413.15 17.03%
— — 564,592.47 7.38% 559,549.47 7.73%
75,586.78 0.96% 64,317.77 0.76% 63,496.69 0.83% 23,994.31 0.33%
70,649.45 0.90% 66,907.54 0.79% 75,018.98 0.98% 74,028.96 1.02%
104,009.33 1.32% 90,533.37 1.07% 104,553.59 1.37% 89,164.90 1.23%
250,485.84 3.19% 281,672.29 3.32% — —
262,228.45 3.34% 333,731.31 3.93% — —
549,957.36 7.00% 597,918.78 7.04% 594,173.60 7.76% 485,675.52 6.71%
3,217,344.33 40.95% 3,184,702.77 37.49% 3,051,578.36 39.87% 2,899,172.91 40.05%
2,339,702.18 29.78% 2,325,170.78 27.37% 2,221,678.44 29.03% 2,127,487.70 29.39%
1,047,704.65 13.33% 1,089,207.30 12.82% 1,015,760.90 13.27% 972,978.55 13.44%
— — 722,252.52 9.44% 733,205.96 10.13%
543,593.87 6.92% 472,632.88 5.56% 430,938.50 5.63% 388,411.76 5.37%
40,389.94 0.51% 30,612.00 0.36% 32,201.95 0.42% 15,391.70 0.21%
16,617.93 0.21% 19,004.56 0.22% 20,524.57 0.27% 17,499.73 0.24%
286,054.72 3.64% 296,854.23 3.49% — —
405,341.07 5.16% 416,859.80 4.91% — —
877,642.16 11.17% 859,531.99 10.12% 829,899.92 10.84% 771,685.21 10.66%
396,086.49 5.04% 400,351.96 4.71% 368,550.62 4.82% 348,615.00 4.82%
— — 281,993.84 3.68% 295,286.56 4.08%
110,225.55 1.40% 90,990.84 1.07% 76,166.56 1.00% 62,535.56 0.86%
103,676.04 1.32% 85,059.19 1.00% 72,762.60 0.95% 30,783.40 0.43%
31,685.68 0.40% 31,271.08 0.37% 30,426.30 0.40% 34,464.69 0.48%
96,103.41 1.22% 98,380.21 1.16% — —
139,864.99 1.78% 153,478.72 1.81% — —
629,822.63 8.02% 1,071,427.84 12.61% 394,037.69 5.15% 468,214.54 6.47%
618,653.59 7.87% 1,056,028.79 12.43% 394,037.69 5.15% 468,214.54 6.47%
— — 108,531.34 1.42% 108,261.15 1.50%
428,330.24 5.45% 573,726.92 6.75% 179,138.35 2.34% 260,566.11 3.60%
108,008.79 1.37% 330,242.10 3.89% 70,048.73 0.92% 76,121.48 1.05%
11,727.11 0.15% 9,901.60 0.12% 10,801.18 0.14% 5,277.82 0.07%
9,254.57 0.12% 19,632.62 0.23% 25,518.08 0.33% 17,987.98 0.25%
31,546.16 0.40% 57,013.69 0.67% — —
29,786.71 0.38% 65,511.86 0.77% — —
11,169.05 0.14% 15,399.05 0.18% — —
— — — —
15.50 0.00% 0.00 — —
3,193.37 0.04% 566.03 0.01% — —
627.82 0.01% 767.63 0.01% — —
3,689.43 0.05% 1,992.73 0.02% — —
3,642.92 0.05% 12,072.67 0.14% — —
30,158.75 0.38% 21,059.32 0.25% — —
1,526.93 0.02% 1,070.02 0.01% — —
28,631.82 0.36% 19,989.30 0.24% — —
— — — —
67.60 91.40 74.80 84.30
54.20 51.90 67.70 59.40
45.90 43.10 44.30 45.40
58.40 64.50 71.70 72.40
— — 135.10 130.60
— — — —
— 8,472,577.26 100.00% 9,458,207.22 100.00% 8,548,360.30 100.00%
— 3,037,163.46 35.85% 3,336,503.17 35.28% 3,262,792.10 38.17%
— 3,274,429.74 38.65% 4,001,787.79 42.31% 3,414,694.06 39.95%
— 1,810,512.30 21.37% 1,606,608.08 16.99% 1,468,643.95 17.18%
— 182,214.30 2.15% 352,027.06 3.72% 252,653.26 2.96%
— 168,257.46 1.99% 161,281.12 1.71% 149,576.93 1.75%
38,785.17 100.00% -139,619.01 294,678.88 100.00% -23,257.84
38,785.17 100.00% -139,619.01 100.00% 294,678.88 100.00% -23,257.84 100.00%
7,053,319.00 100.00% 7,141,249.80 100.00% 7,397,220.60 100.00% 6,944,089.60 100.00%
3,294,132.50 46.70% 3,256,596.00 45.60% 3,450,485.50 46.65% 3,247,291.90 46.76%
2,232,259.20 31.65% 2,186,571.60 30.62% 2,132,322.50 28.83% 2,022,776.10 29.13%
1,503,674.60 21.32% 1,659,313.20 23.24% 1,775,643.10 24.00% 1,643,021.20 23.66%
23,252.70 0.33% 38,769.00 0.54% 38,769.50 0.52% 31,000.40 0.45%
209.44 100.00% 193.92 100.00% 131.83 100.00% 147.30 100.00%
0.00 0.00 — 23.26 15.79%
209.44 100.00% 193.92 100.00% 131.83 100.00% 124.04 84.21%
— — — —
0.00 0.00 — 0.70
3.30 3.40 2.40 2.30
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
FY 2016 FY 2017 FY 2018 FY 2019
12/31/2016 12/31/2017 12/31/2018 12/31/2019
372,331.77 100.00% 400,896.20 100.00% 417,688.19 100.00% 439,535.78 100.00%
157,871.90 42.40% 159,898.71 39.89% 171,862.47 41.15% 181,712.61 41.34%
104,055.11 27.95% 102,240.41 25.50% 117,077.78 28.03% 119,760.14 27.25%
118,089.55 31.72% 113,906.11 28.41% 118,715.83 28.42% 116,273.50 26.45%
49,617.33 13.33% 54,689.27 13.64% 57,802.16 13.84% 58,497.17 13.31%
29,644.65 7.96% 31,544.91 7.87% 31,389.51 7.52% 30,596.23 6.96%
14,624.38 3.93% 17,245.28 4.30% 20,244.47 4.85% 21,570.15 4.91%
5,348.30 1.44% 5,899.08 1.47% 6,168.18 1.48% 6,330.79 1.44%
52,248.78 14.03% 54,619.14 13.62% 49,172.98 11.77% 45,153.92 10.27%
21,556.21 5.79% 20,432.50 5.10% 22,854.39 5.47% 21,076.53 4.80%
16,673.66 4.48% 16,730.96 4.17% 11,223.42 2.69% 11,478.48 2.61%
7,847.80 2.11% 10,091.57 2.52% 9,256.18 2.22% 7,780.30 1.77%
6,171.12 1.66% 7,364.12 1.84% 5,839.00 1.40% 4,818.61 1.10%
— — — —
12,241.32 3.29% 13,808.69 3.44% 15,063.83 3.61% 15,905.34 3.62%
1,715.49 0.46% 2,548.22 0.64% 1,692.92 0.41% 2,037.14 0.46%
-426.93 -2,041.69 -1,418.60 344.75
2,949.72 -2,298.85 0.00 0.00
201.82 -2,906.68 956.18 -595.47
-457.98 -0.12% -4,511.98 -1.13% -4,553.63 -1.09% -5,069.34 -1.15%
— — — —
— — — —
— — — —
13,545.41 3.64% 13,426.85 3.35% 14,029.27 3.36% 14,479.34 3.29%
-21,230.19 -5.70% 11,424.12 2.85% -3,997.17 -0.96% 7,310.19 1.66%
— — — —
— — — —
128,398.03 100.00% 145,856.24 100.00% 136,013.38 100.00% 86,131.71 100.00%
40,659.51 31.67% 50,379.90 34.54% 54,745.50 64.11% 62,626.29 40.25%
45,976.76 35.81% 53,216.45 36.49% 58,609.43 68.64% 57,251.38 36.80%
42,693.26 33.25% 45,571.79 31.24% -15,298.96 -17.92% 41,886.67 26.92%
2,220.05 1.73% 2,306.64 1.58% 2,656.94 3.11% 3,149.73 2.02%
-3,151.54 -2.45% -5,618.55 -3.85% -15,322.47 -17.94% -9,323.82 -5.99%
— — 50,622.93 -69,458.53
— — — —
55,206.26 100.00% 133,777.53 100.00% 155,889.48 100.00% 104,575.64 100.00%
35,606.18 64.50% 45,376.98 33.92% 53,938.23 34.60% 50,364.29 48.16%
46,931.53 85.01% 51,611.15 38.58% 60,498.29 38.81% 33,471.73 32.01%
-43,725.66 -79.20% -6,506.92 -4.86% -9,961.57 -6.39% 12,465.71 11.92%
42,227.51 76.49% 42,353.40 31.66% 49,470.81 31.73% 8,203.39 7.84%
-25,833.30 -46.79% 942.92 0.70% 1,943.72 1.25% 70.52 0.07%
— — — —
-19,964.92 -13,348.92 -13,849.01 -21,593.65
-186.30 0.93% 1,426.07 -10.68% 901.32 -6.51% -54.85 0.25%
0.00 -124.68 0.93% 62.70 -0.45% -172.37 0.80%
-3,578.47 17.92% -3,475.55 26.04% 203.78 -1.47% -1,198.78 5.55%
-7,653.74 38.34% -3,623.61 27.15% -5,791.97 41.82% -9,276.81 42.96%
-8,546.41 42.81% -7,551.14 56.57% -9,224.83 66.61% -10,890.85 50.44%
18,745,820.89 100.00% 19,085,737.96 100.00% 20,035,738.79 100.00% 21,148,861.96 100.00%
7,364,126.95 39.28% 7,396,271.59 38.75% 7,928,316.76 39.57% 8,307,836.09 39.28%
5,371,436.69 28.65% 5,174,586.28 27.11% 5,208,898.60 26.00% 5,469,685.29 25.86%
3,268,726.33 17.44% 3,527,378.45 18.48% 3,734,267.64 18.64% 4,101,956.29 19.40%
2,402,972.38 12.82% 2,626,206.20 13.76% 2,821,283.76 14.08% 2,862,601.10 13.54%
338,558.54 1.81% 361,295.44 1.89% 342,972.04 1.71% 406,783.18 1.92%
— — — —
— — — —
231,420.74 100.00% 219,567.53 100.00% 239,547.82 100.00% 238,674.09 100.00%
100,181.67 45.76% 108,529.14 49.42% 120,949.55 52.10% 129,475.72 53.97%
66,027.06 30.16% 70,601.99 32.15% 81,354.09 35.05% 87,957.30 36.66%
37,259.57 17.02% 37,802.46 17.21% 40,144.09 17.29% 43,884.63 18.29%
6,310.84 2.88% 6,428.99 2.93% 6,842.21 2.95% 6,887.09 2.87%
12,513.01 -46.76 7,414.35 -1,230.12
9,128.59 4.17% -3,748.30 -1.71% -17,156.46 -7.39% -28,300.53 -11.80%
— — — —
19,964.92 100.00% 13,348.92 100.00% 13,849.01 100.00% 21,593.65 100.00%
8,546.41 42.81% 7,551.14 56.57% 9,224.83 66.61% 10,890.85 50.44%
7,653.74 38.34% 3,623.61 27.15% 5,791.97 41.82% 9,276.81 42.96%
3,578.47 17.92% 3,475.55 26.04% -203.78 -1.47% 1,198.78 5.55%
0.00 124.68 0.93% -62.70 -0.45% 172.37 0.80%
186.30 0.93% -1,426.07 -10.68% -901.32 -6.51% 54.85 0.25%
— — — —
10,004,027.50 100.00% 10,324,962.24 100.00% 10,672,492.50 100.00% 11,209,554.56 100.00%
4,619,502.23 46.18% 4,852,157.03 46.99% 5,019,844.95 47.04% 5,368,963.14 47.90%
2,688,633.81 26.88% 2,746,937.49 26.60% 2,800,763.39 26.24% 3,010,697.16 26.86%
2,031,126.35 20.30% 2,133,382.88 20.66% 2,278,496.63 21.35% 2,276,658.53 20.31%
553,543.17 5.53% 507,463.57 4.91% 506,414.39 4.75% 490,275.62 4.37%
111,221.94 1.11% 85,021.26 0.82% 66,973.14 0.63% 62,960.10 0.56%
309,006.03 100.00% 271,841.05 100.00% 284,512.02 100.00% 289,735.71 100.00%
109,744.96 35.52% 107,025.14 39.37% 108,958.05 40.11% 120,888.40 36.43%
72,205.94 23.37% 67,975.85 25.01% 73,265.70 26.97% 106,871.33 32.21%
47,249.79 15.29% 46,764.08 17.20% 50,787.52 18.70% 77,011.61 23.21%
39,386.47 12.75% 12,359.25 4.55% 12,148.25 4.47% 14,236.45 4.29%
40,418.87 13.08% 37,716.74 13.87% 26,483.19 9.75% 12,802.62 3.86%
— — 12,869.31 -42,074.71
— — — —
— — — —
— 7,581,430.91 100.00% 7,756,392.14 100.00% 8,143,413.87 100.00%
— 4,079,958.05 53.82% 4,186,913.98 53.98% 4,210,054.81 51.70%
— 3,186,621.55 42.03% 3,221,728.48 41.54% 3,191,601.33 39.19%
— 1,409,307.67 18.59% 1,438,516.68 18.55% 1,418,826.15 17.42%
— 1,236,351.16 16.31% 1,181,581.36 15.23% 1,157,693.22 14.22%
— 297,859.56 3.93% 335,327.81 4.32% 347,024.44 4.26%
— 155,355.40 2.05% 170,060.56 2.19% 168,488.19 2.07%
— 87,747.75 1.16% 96,242.07 1.24% 99,569.34 1.22%
— — — —
— — — —
— 893,336.51 11.78% 965,185.50 12.44% 1,018,453.48 12.51%
— 551,189.01 7.27% 626,113.90 8.07% 666,412.80 8.18%
— 189,401.40 2.50% 201,405.02 2.60% 207,091.46 2.54%
— 131,152.89 1.73% 110,974.44 1.43% 117,835.02 1.45%
— 12,866.86 0.17% 15,860.21 0.20% 14,145.19 0.17%
— 8,726.34 0.12% 10,831.93 0.14% 12,969.02 0.16%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— 2,941,182.52 38.79% 3,088,526.25 39.82% 3,382,623.67 41.54%
— 2,173,170.93 28.66% 2,297,442.72 29.62% 2,509,508.88 30.82%
— 989,701.23 13.05% 1,030,380.74 13.28% 1,132,409.47 13.91%
— 855,462.47 11.28% 937,655.32 12.09% 1,027,115.07 12.61%
— 291,633.16 3.85% 289,509.44 3.73% 304,285.10 3.74%
— 17,819.86 0.24% 21,154.77 0.27% 27,760.71 0.34%
— 18,554.21 0.24% 18,742.45 0.24% 17,938.53 0.22%
— — — —
— — — —
— 768,011.59 10.13% 791,083.53 10.20% 873,114.80 10.72%
— 338,499.15 4.46% 360,336.03 4.65% 392,326.43 4.82%
— 319,366.82 4.21% 329,336.18 4.25% 375,680.91 4.61%
— 40,834.89 0.54% 39,607.44 0.51% 40,901.09 0.50%
— 34,186.62 0.45% 30,999.85 0.40% 33,719.45 0.41%
— 35,124.10 0.46% 30,804.04 0.40% 30,486.93 0.37%
— — — —
— — — —
— 560,290.34 7.39% 480,951.91 6.20% 550,735.39 6.76%
— 560,290.34 7.39% 480,951.91 6.20% 550,735.39 6.76%
— 205,549.43 2.71% 213,693.74 2.76% 250,477.30 3.08%
— 250,720.14 3.31% 176,451.63 2.27% 206,390.43 2.53%
— 85,357.19 1.13% 75,557.23 0.97% 78,499.56 0.96%
— 10,015.37 0.13% 12,727.33 0.16% 13,124.80 0.16%
— 8,648.22 0.11% 2,521.97 0.03% 2,243.29 0.03%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
84.40 81.90 82.80 179.40
59.40 58.80 73.00 175.40
45.50 44.90 42.50 128.50
65.70 63.20 67.40 66.40
116.00 176.20 439.60 -535.00
— — — —
6,646,643.08 100.00% 6,806,856.99 100.00% 6,777,202.66 100.00% 6,569,411.28 100.00%
2,139,301.01 32.19% 2,351,502.30 34.55% 2,515,702.64 37.12% 2,466,839.64 37.55%
2,329,271.56 35.04% 2,338,221.39 34.35% 2,200,848.20 32.47% 2,011,171.44 30.61%
892,473.89 13.43% 949,194.45 13.94% 993,906.18 14.67% 1,043,752.80 15.89%
1,166,961.95 17.56% 1,042,942.05 15.32% 935,164.68 13.80% 938,598.60 14.29%
118,634.67 1.78% 124,996.80 1.84% 131,580.96 1.94% 109,048.80 1.66%
-62,099.28 15,585.43 100.00% 172,426.78 100.00% 180,208.26 100.00%
-62,099.28 100.00% 15,585.43 100.00% 172,426.78 100.00% 180,208.26 100.00%
6,443,490.90 100.00% 7,366,998.90 100.00% 7,041,147.80 100.00% —
3,179,099.00 49.34% 3,609,282.60 48.99% 3,477,496.80 49.39% —
1,721,365.80 26.71% 2,015,573.40 27.36% 1,887,560.20 26.81% —
1,527,518.30 23.71% 1,710,893.70 23.22% 1,644,762.00 23.36% —
15,507.80 0.24% 31,249.20 0.42% 31,328.80 0.44% —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
6,795,285.34 100.00% 7,256,384.54 100.00% 7,688,839.41 100.00% 8,075,398.58 100.00%
2,422,264.08 35.65% 2,595,722.61 35.77% 2,834,253.88 36.86% 3,079,795.16 38.14%
2,211,823.24 32.55% 2,384,415.52 32.86% 2,609,391.42 33.94% 2,695,530.55 33.38%
1,784,722.92 26.26% 1,909,919.85 26.32% 1,918,716.69 24.95% 1,918,215.13 23.75%
280,861.77 4.13% 309,343.64 4.26% 307,155.39 3.99% 370,711.40 4.59%
95,613.34 1.41% 56,982.92 0.79% 19,322.04 0.25% 11,146.35 0.14%
HSBC Holdings PLC (5 HK) - By Geography
In Millions of HKD except Per Share FY 2010 FY 2011
12 Months Ending 12/31/2010 12/31/2011
Net Revenues 530,199.45 100.00% 562,649.92 100.00%
Asia — —
Europe 176,740.92 31.88% 188,738.38 32.03%
North America 132,435.27 23.88% 124,548.96 21.14%
MENA 18,722.88 3.38% 20,293.70 3.44%
Latin America 75,598.50 13.63% 89,153.70 15.13%
Intra- HSBC items -24,277.60 -26,630.12
Rest of Asia-Pacific 71,721.85 12.94% 83,393.31 14.15%
Hong Kong 79,257.62 14.29% 83,152.00 14.11%
Operating Income 128,341.10 100.00% 144,850.44 100.00%
Asia — —
MENA 5,477.03 4.27% 8,990.88 6.21%
North America 3,340.60 2.60% 505.98 0.35%
Latin America 13,929.52 10.85% 18,020.68 12.44%
Adjustment — —
Europe 33,289.44 25.94% 36,313.81 25.07%
Hong Kong 43,948.28 34.24% 44,899.90 31.00%
Pretax Income 147,895.25 100.00% 170,258.43 100.00%
Asia — —
Hong Kong 44,220.19 29.90% 45,328.04 26.62%
Mainland China — —
India — —
Other — —
Singapore — —
Australia — —
Malaysia — —
Indonesia — —
Taiwan — —
MENA 6,929.80 4.69% 11,614.19 6.82%
Saudi Arabia — —
UAE — —
Egypt — —
Other — —
North America 3,527.05 2.38% 778.43 0.46%
Canada — —
United States — —
Other — —
Latin America 13,945.05 9.43% 18,020.68 10.58%
Mexico — —
Other — —
Argentina — —
Brazil — —
Adjustment — —
Europe 33,421.51 22.60% 36,360.51 21.36%
Germany 2,587.02 1.75% —
Switzerland 2,019.90 1.37% —
France 5,383.80 3.64% —
Other 2,004.36 1.36% —
United Kingdom 18,629.66 12.60% —
Malta 854.57 0.58% —
Turkey 1,942.21 1.31% —
Assets 19,079,806.66 100.00% —
Europe 9,712,323.47 47.29% —
Asia — —
North America 3,828,002.95 18.64% —
MENA 410,069.61 2.00% —
Latin America 1,087,710.09 5.30% —
Rest of Asia-Pacific 2,161,320.31 10.52% —
Hong Kong 3,338,922.83 16.26% —
Eliminations -1,458,542.60 —
Capital Expenditures -27,012.23 -17,763.80
Asia — —
Rest of Asia-Pacific -1,305.16 4.83% -1,611.35 9.07%
North America -6,013.08 22.26% -2,662.23 14.99%
MENA -357.37 1.32% -225.74 1.27%
Latin America -6,121.84 22.66% -739.51 4.16%
Europe -6,720.04 24.88% -9,162.13 51.58%
Hong Kong -6,494.74 24.04% -3,362.82 18.93%
Net Interest Income 306,410.49 100.00% 316,525.61 100.00%
Asia — —
Europe 87,399.36 28.52% 85,635.19 27.05%
North America 96,636.50 31.54% 89,363.88 28.23%
Latin America 49,029.10 16.00% 54,147.66 17.11%
MENA 10,619.99 3.47% 11,147.13 3.52%
Eliminations — —
Hong Kong 32,986.46 10.77% 36,516.20 11.54%
Provision for Loan Losses 109,066.63 100.00% 94,400.33 100.00%
Europe 23,461.87 21.51% 19,554.19 20.71%
Latin America 11,995.08 11.00% 14,657.86 15.53%
Asia — —
North America 64,442.46 59.09% 54,614.72 57.85%
MENA 4,871.06 4.47% 2,280.80 2.42%
Hong Kong 885.65 0.81% 1,214.35 1.29%
Total Deposits 9,542,860.88 100.00% —
Asia-Pacific 3,541,590.82 37.11% —
Hong Kong 2,312,283.64 24.23% —
Singapore 302,758.33 3.17% —
Mainland China 209,920.01 2.20% —
Rest of Asia-Pacific 226,950.21 2.38% —
Australia 129,339.39 1.36% —
India 94,385.11 0.99% —
Taiwan 94,291.84 0.99% —
Malaysia 118,589.61 1.24% —
Indonesia 43,310.04 0.45% —
Vietnam 9,762.64 0.10% —
Europe 3,820,820.89 40.04% —
United Kingdom 2,732,310.20 28.63% —
France 508,395.53 5.33% —
Rest of Europe 92,519.64 0.97% —
Germany 54,899.29 0.58% —
Switzerland 334,992.13 3.51% —
Malta 46,388.07 0.49% —
Turkey 51,316.03 0.54% —
North America 1,231,879.98 12.91% —
United States 800,652.81 8.39% —
Canada 355,776.60 3.73% —
Other — —
Bermuda 75,450.57 0.79% —
MENA 260,474.30 2.73% —
United Arab Emirates 126,945.37 1.33% —
Rest of MENA 56,189.57 0.59% —
Egypt 53,484.64 0.56% —
Turkey — —
Qatar 23,854.72 0.25% —
Latin America 688,094.89 7.21% —
Mexico 165,521.78 1.73% —
Rest of Latin America 51,036.20 0.53% —
Panama 57,744.13 0.61% —
Argentina 30,959.06 0.32% —
Brazil 382,833.72 4.01% —
Non Interest Expense 338,480.23 100.00% —
Europe 119,989.61 37.84% —
Asia — —
North America 64,652.22 20.39% —
Latin America 49,673.91 15.67% —
Adjustment — —
MENA 8,374.80 2.64% —
Eliminations 21,410.90 —
Hong Kong 34,423.69 10.86% —
Total Loans 7,605,288.39 100.00% —
Asia-Pacific 1,951,050.53 25.65% —
Hong Kong 1,098,452.10 14.44% —
Commercial, international trade and other 381,660.03 5.02% —
First lien residential mortgages 330,250.73 4.34% —
Commercial Real Estate — —
Other personal 115,192.90 1.51% —
Non- Bank financial institutions — —
Property-related 271,348.45 3.57% —
Mainland China 148,647.03 1.95% —
Other personal 2,409.57 0.03% —
Singapore 165,871.55 2.18% —
Australia 131,243.73 1.73% —
Other 166,641.06 2.19% —
Malaysia 93,988.70 1.24% —
Taiwan 50,492.11 0.66% —
India 52,147.72 0.69% —
Indonesia 31,821.84 0.42% —
First lien residential mortgages 575.19 0.01% —
Property-related 893.87 0.01% —
Vietnam 11,744.70 0.15% —
Europe 3,431,395.83 45.12% —
United Kingdom 2,486,969.54 32.70% —
Commercial, international trade and other 1,284,711.70 16.89% —
Other personal 199,263.50 2.62% —
France 611,322.95 8.04% —
Rest Of Europe 103,354.92 1.36% —
Germany 34,674.46 0.46% —
Switzerland 108,951.34 1.43% —
Malta 34,674.46 0.46% —
Turkey 51,448.16 0.68% —
North America 1,552,243.71 20.41% —
United States 1,158,776.80 15.24% —
Other personal 401,744.94 5.28% —
Canada 368,158.67 4.84% —
Other — —
First lien residential mortgages — —
Commercial, international trade and other — —
Other personal — —
Property-related — —
MENA 204,253.64 2.69% —
United Arab Emirates 124,193.80 1.63% —
Other 42,633.81 0.56% —
Egypt 23,271.76 0.31% —
Qatar 14,154.27 0.19% —
Latin America 466,344.68 6.13% —
Mexico 110,606.94 1.45% —
Other 39,835.60 0.52% —
Panama 49,901.38 0.66% —
Argentina 25,051.73 0.33% —
Brazil 240,949.03 3.17% —
Bermuda 25,308.24 0.33% —
Adjustment — —
Cost income Ratio — —
Europe — —
North America — —
Latin America — —
Asia — —
Middle East — —
Rest of Asia-Pacific — —
Hong Kong — —
Non-performing Loans 364,318.91 100.00% —
Europe 88,563.28 24.31% —
Middle East 19,657.41 5.40% —
North America 216,394.75 59.40% —
Asia — —
Latin America 24,282.23 6.67% —
Hong Kong 5,130.05 1.41% —
Risk Weighted Assets — —
Asia — —
Europe — —
Middle East — —
Eliminations — —
Rest of Asia-Pacific — —
Hong Kong — —
Sovereign Exposure - EBA 233,598.19 100.00% —
Slovakia 669.87 0.29% —
Finland 3,854.31 1.65% —
Austria 8,976.22 3.84% —
Netherlands 33,410.92 14.30% —
France 115,825.21 49.58% —
Belgium 10,419.01 4.46% —
Ireland 1,380.96 0.59% —
Greece 9,470.89 4.05% —
Portugal 3,297.81 1.41% —
Spain 6,554.39 2.81% —
Italy 39,738.59 17.01% —
Sovereign Exposure 52,077.76 100.00% 36,503.02 100.00%
Ireland 2,331.84 4.48% 2,329.98 6.38%
Cash and Balances at Central Banks 0.00 0.00
Financial investments AFS 1,554.56 2.99% 776.66 2.13%
Net Trading Assets 777.28 1.49% 1,553.32 4.26%
Greece 8,550.08 16.42% 3,106.64 8.51%
Net Trading Assets 6,218.24 11.94% 2,329.98 6.38%
Financial investments AFS 2,331.84 4.48% 776.66 2.13%
Cash and Balances at Central Banks 0.00 0.00
Portugal 777.28 1.49% 3,883.30 10.64%
Cash and Balances at Central Banks 0.00 —
Financial investments AFS 777.28 1.49% 776.66 2.13%
Net Trading Assets 0.00 3,106.64 8.51%
Spain 13,213.76 25.37% 9,319.92 25.53%
Cash and Balances at Central Banks 777.28 1.49% —
Financial investments AFS 6,995.52 13.43% —
Net Trading Assets 5,440.96 10.45% —
Italy 27,204.80 52.24% 17,863.18 48.94%
Financial Investment HTM — 776.66 2.13%
Cash and Balances at Central Banks 0.00 —
Financial investments AFS 13,213.76 25.37% 6,213.28 17.02%
Net Trading Assets 13,991.04 26.87% 10,873.24 29.79%
Card Loans 484,898.36 100.00% —
Asia — —
Rest of North America 10,368.92 2.14% —
US 262,285.36 54.09% —
Rest of Europe 14,892.68 3.07% —
Other Regions 107,093.64 22.09% —
UK 90,257.75 18.61% —
Middle East — —
Europe — —
Hong Kong — —
Source: Bloomberg
FY 2012 FY 2013 FY 2014 FY 2015
12/31/2012 12/31/2013 12/31/2014 12/31/2015
530,038.11 100.00% 501,426.17 100.00% 474,960.32 100.00% 463,606.21 100.00%
— — 183,608.21 36.87% 196,164.35 40.03%
136,585.85 24.56% 162,632.88 30.82% 167,276.79 33.59% 158,711.48 32.39%
113,974.10 20.50% 68,281.45 12.94% 63,216.38 12.69% 59,361.75 12.11%
18,849.59 3.39% 19,414.80 3.68% 19,758.99 3.97% 24,645.55 5.03%
84,947.28 15.28% 81,971.87 15.54% 64,146.94 12.88% 51,105.22 10.43%
-26,048.12 -26,194.08 -23,046.99 -26,382.14
105,371.55 18.95% 92,908.70 17.61% — —
96,357.87 17.33% 102,410.55 19.41% — —
132,583.22 100.00% 158,141.80 100.00% 125,223.02 100.00% 126,452.86 100.00%
— — 97,732.58 78.05% 106,373.59 84.12%
7,586.38 5.72% 9,742.30 6.16% 10,375.80 8.29% 7,659.58 6.06%
17,810.15 13.43% 9,230.37 5.84% 10,864.35 8.68% 4,744.60 3.75%
18,492.77 13.95% 15,296.04 9.67% 1,675.02 1.34% 2,411.06 1.91%
— — — —
-26,435.97 -19.94% 15,296.04 9.67% 4,575.28 3.65% 5,264.02 4.16%
56,952.14 42.96% 46,361.27 29.32% — —
58,177.75 43.88% 62,215.78 39.34% — —
160,174.99 100.00% 175,027.95 100.00% 144,857.94 100.00% 146,268.54 100.00%
— — — 122,204.43 83.55%
58,813.83 36.72% 62,743.23 35.85% 63,138.83 43.59% 76,022.12 51.97%
81,045.49 50.60% 60,222.33 34.41% 50,273.77 34.71% 46,182.31 31.57%
— — 22,884.14 15.80% 23,722.99 16.22%
— — 5,428.30 3.75% 4,698.08 3.21%
— — 6,948.22 4.80% 6,364.89 4.35%
— — 4,567.52 3.15% 3,930.57 2.69%
— — 3,350.03 2.31% 2,891.72 1.98%
— — 3,846.33 2.66% 3,426.65 2.34%
— — 1,535.43 1.06% -54.27 -0.04%
— — 1,713.79 1.18% 1,201.65 0.82%
10,472.00 6.54% 13,139.70 7.51% 14,160.10 9.78% 11,566.90 7.91%
— — 3,768.79 2.60% 3,876.31 2.65%
— — 5,133.62 3.54% 2,845.21 1.95%
— — 2,597.83 1.79% 3,178.57 2.17%
— — 2,659.86 1.84% 1,666.81 1.14%
17,833.42 11.13% 9,470.82 5.41% 10,988.42 7.59% 4,760.10 3.25%
— — 6,428.65 4.44% 3,760.02 2.57%
— — 4,125.50 2.85% 317.86 0.22%
— — 434.26 0.30% 682.23 0.47%
18,492.77 11.55% 15,296.04 8.74% 1,675.02 1.16% 2,403.31 1.64%
— — 395.49 0.27% 248.08 0.17%
— — 217.13 0.15% 2,155.23 1.47%
— — 2,977.81 2.06% —
— — -1,915.41 -1.32% 38.76 0.03%
— — — —
-26,482.51 -16.53% 14,155.82 8.09% 4,621.81 3.19% 5,333.80 3.65%
— — 2,155.81 1.49% 1,852.87 1.27%
— — 325.70 0.22% -1,674.56 -1.14%
— — 1,659.51 1.15% 4,953.92 3.39%
— — 915.06 0.63% 2,527.35 1.73%
— — -434.26 -0.30% -2,325.78 -1.59%
— — — —
— — — —
20,869,592.78 100.00% 20,712,865.51 100.00% 20,424,850.39 100.00% 18,675,074.97 100.00%
10,767,860.32 47.35% 10,800,725.49 48.18% 10,009,711.11 46.36% 8,690,969.89 43.78%
— — 6,813,530.27 31.56% 6,895,628.22 34.74%
3,799,855.47 16.71% 3,349,912.98 14.94% 3,387,361.00 15.69% 3,053,229.40 15.38%
485,245.09 2.13% 471,508.58 2.10% 483,975.18 2.24% 543,723.77 2.74%
1,017,514.90 4.47% 883,925.45 3.94% 894,443.38 4.14% 668,539.13 3.37%
2,652,892.79 11.67% 2,604,788.31 11.62% — —
4,017,555.00 17.67% 4,306,561.32 19.21% — —
-1,871,330.79 -1,704,556.62 -1,164,170.55 -1,177,015.44
-17,662.77 -21,912.43 -18,502.73 -18,032.58
— — -4,939.75 26.70% -5,620.64 31.17%
-1,613.46 9.13% -868.74 3.96% — —
-1,923.74 10.89% -2,055.50 9.38% -1,612.98 8.72% -1,535.02 8.51%
-791.22 4.48% -248.21 1.13% -193.87 1.05% -263.59 1.46%
-3,552.72 20.11% -2,986.30 13.63% -2,698.64 14.59% -1,449.74 8.04%
-7,175.26 40.62% -7,035.25 32.11% -9,057.50 48.95% -9,163.59 50.82%
-2,606.36 14.76% -8,718.43 39.79% — —
292,222.97 100.00% 275,662.23 100.00% 269,127.12 100.00% 252,200.23 100.00%
— — 95,173.52 35.34% 94,457.83 37.41%
80,626.61 27.59% 82,941.45 30.09% 82,285.20 30.55% 77,564.89 30.72%
62,963.84 21.55% 44,538.47 16.16% 38,889.86 14.44% 35,134.84 13.91%
54,175.12 18.54% 47,982.40 17.41% 41,177.50 15.29% 33,475.78 13.26%
11,402.84 3.90% 11,526.33 4.18% 11,779.40 4.37% 11,869.25 4.70%
— — -178.36 -302.35
41,818.17 14.31% 42,188.21 15.30% — —
41,236.39 14.11% 46,485.37 16.86% — —
64,468.71 100.00% 45,368.42 100.00% 29,863.38 100.00% 28,847.47 100.00%
14,901.26 23.11% 11,867.62 26.16% 5,924.60 19.84% 5,349.30 18.54%
16,576.78 25.71% 20,679.13 45.58% 16,471.00 55.15% 11,590.16 40.18%
— — 5,017.30 16.80% 5,372.56 18.62%
26,816.07 41.60% 9,284.66 20.47% 2,497.02 8.36% 4,217.42 14.62%
2,218.51 3.44% -325.78 -0.72% -46.53 -0.16% 2,318.03 8.04%
3,382.07 5.25% 2,800.14 6.17% — —
574.02 0.89% 1,062.66 2.34% — —
10,386,314.51 100.00% 11,497,427.69 100.00% 10,472,743.00 100.00% 9,994,420.46 100.00%
4,106,651.60 39.54% 4,253,882.00 37.00% 4,477,807.46 42.76% 4,639,364.86 46.42%
2,683,423.59 25.84% 2,837,836.52 24.68% 3,016,995.97 28.81% 3,266,961.65 32.69%
370,973.58 3.57% 341,074.15 2.97% 339,085.80 3.24% 320,133.38 3.20%
275,715.01 2.65% 314,641.45 2.74% 361,238.69 3.45% 357,876.37 3.58%
236,751.24 2.28% 221,060.84 1.92% 233,446.67 2.23% 223,264.88 2.23%
158,350.89 1.52% 153,618.29 1.34% 149,743.32 1.43% 137,200.02 1.37%
80,725.62 0.78% 89,548.64 0.78% 90,550.04 0.86% 91,412.43 0.91%
96,863.00 0.93% 98,922.98 0.86% 115,540.86 1.10% 91,544.18 0.92%
136,733.63 1.32% 132,892.38 1.16% 126,326.54 1.21% 109,384.91 1.09%
50,473.86 0.49% 45,476.04 0.40% 44,879.57 0.43% 41,587.04 0.42%
16,641.18 0.16% 18,810.72 0.16% — —
4,301,819.26 41.42% 4,999,774.30 43.49% 4,233,311.49 40.42% 3,858,588.79 38.61%
3,302,999.53 31.80% 3,915,544.94 34.06% 3,406,389.07 32.53% 3,131,691.41 31.33%
430,779.52 4.15% 510,541.21 4.44% 315,971.43 3.02% 276,174.81 2.76%
185,083.74 1.78% 205,940.93 1.79% 303,030.17 2.89% 262,232.38 2.62%
120,999.30 1.16% 128,829.39 1.12% 122,178.20 1.17% 107,517.14 1.08%
156,653.44 1.51% 130,232.82 1.13% 85,742.63 0.82% 80,973.04 0.81%
46,172.11 0.44% 48,244.14 0.42% — —
59,131.62 0.57% 60,440.87 0.53% — —
1,155,170.88 11.12% 1,523,582.93 13.25% 1,076,892.65 10.28% 1,047,441.52 10.48%
702,440.81 6.76% 1,050,880.27 9.14% 658,259.59 6.29% 669,004.13 6.69%
364,672.09 3.51% 372,686.40 3.24% 340,171.35 3.25% 307,888.22 3.08%
— — 78,461.71 0.75% 70,549.16 0.71%
88,057.97 0.85% 100,016.27 0.87% — —
306,803.87 2.95% 299,940.25 2.61% 307,984.91 2.94% 282,630.65 2.83%
142,988.60 1.38% 142,925.80 1.24% 153,302.36 1.46% 141,679.58 1.42%
84,353.04 0.81% 77,444.95 0.67% 95,264.42 0.91% 89,784.91 0.90%
58,503.79 0.56% 57,385.87 0.50% 59,418.14 0.57% 51,166.16 0.51%
— — — —
20,958.43 0.20% 22,183.62 0.19% — —
515,868.90 4.97% 420,248.21 3.66% 376,746.49 3.60% 166,394.65 1.66%
176,131.45 1.70% 185,897.36 1.62% 142,361.60 1.36% 122,436.08 1.23%
18,578.91 0.18% 10,878.58 0.09% 54,463.39 0.52% 43,958.57 0.44%
46,040.35 0.44% 0.00 — —
41,475.07 0.40% 34,643.98 0.30% — —
233,643.13 2.25% 188,828.29 1.64% 179,921.50 1.72% —
332,986.19 100.00% 299,063.93 100.00% 319,873.93 100.00% 308,305.88 100.00%
148,120.56 41.26% 136,617.20 42.00% 156,776.92 45.72% 152,982.30 45.74%
— — 80,858.33 23.58% 84,418.19 25.24%
69,347.88 19.32% 49,766.42 15.30% 49,855.01 14.54% 50,399.73 15.07%
49,877.73 13.89% 45,996.71 14.14% 46,000.92 13.41% 37,104.00 11.09%
— — — —
9,044.70 2.52% 9,998.27 3.07% 9,429.72 2.75% 9,566.72 2.86%
-26,048.12 -26,194.08 -23,046.99 -26,165.07
45,037.34 12.54% 43,747.29 13.45% — —
37,606.10 10.47% 39,132.11 12.03% — —
7,857,358.61 100.00% 8,519,828.92 100.00% 7,653,076.04 100.00% 7,238,663.15 100.00%
2,425,651.91 30.87% 2,671,641.57 31.36% 2,824,831.06 36.91% 2,773,760.79 38.32%
1,349,323.18 17.17% 1,519,729.29 17.84% 1,660,241.81 21.69% 1,679,958.18 23.21%
495,763.07 6.31% 601,214.14 7.06% 638,626.71 8.34% 624,727.81 8.63%
405,341.07 5.16% 416,859.80 4.89% 439,304.96 5.74% 472,314.34 6.52%
— — — —
139,864.99 1.78% 153,478.72 1.80% 177,494.52 2.32% 189,017.19 2.61%
— — — —
308,354.05 3.92% 348,176.64 4.09% 404,815.61 5.29% 393,898.83 5.44%
217,040.70 2.76% 257,162.53 3.02% 292,322.03 3.82% 288,683.47 3.99%
147,910.42 1.88% 171,963.78 2.02% 192,878.26 2.52% 183,700.62 2.54%
27,430.44 0.35% 37,838.54 0.44% 32,861.03 0.43% 44,299.57 0.61%
— — — —
— — — —
2,340.77 0.03% 2,326.14 0.03% 15,360.48 0.20% 12,748.91 0.18%
39,359.07 0.50% 45,034.07 0.53% 51,222.26 0.67% 47,934.37 0.66%
222,660.10 2.83% 249,501.78 2.93% 244,713.08 3.20% 213,050.25 2.94%
76,377.37 0.97% 94,503.31 1.11% 92,666.86 1.21% 85,413.85 1.18%
37,297.33 0.47% 44,615.37 0.52% 45,577.42 0.60% 41,788.54 0.58%
78,462.36 1.00% 79,732.33 0.94% 73,824.88 0.96% 60,009.02 0.83%
— — — —
— — — —
30,523.04 0.39% 30,650.77 0.36% 32,643.92 0.43% 25,838.83 0.36%
163,125.44 2.08% 157,813.09 1.85% 143,129.24 1.87% 139,990.06 1.93%
77,795.78 0.99% 73,412.98 0.86% 70,979.20 0.93% 72,052.68 1.00%
55,868.49 0.71% 55,346.62 0.65% 49,314.80 0.64% 49,972.64 0.69%
— — — —
— — — —
11,548.84 0.15% 9,583.70 0.11% 6,319.43 0.08% 5,626.57 0.08%
17,912.33 0.23% 19,469.79 0.23% 16,515.81 0.22% 12,338.16 0.17%
167,155.91 2.13% 187,448.12 2.20% 179,541.55 2.35% 171,222.96 2.37%
108,357.58 1.38% 132,636.50 1.56% 126,714.23 1.66% 115,507.49 1.60%
28,879.85 0.37% 27,239.10 0.32% 24,486.82 0.32% 22,824.04 0.32%
— — — —
14,486.43 0.18% 13,460.60 0.16% 12,972.27 0.17% 11,082.64 0.15%
— — — —
15,432.04 0.20% 14,111.92 0.17% 15,368.23 0.20% 21,808.78 0.30%
115,434.15 1.47% 112,825.54 1.32% 109,764.21 1.43% 99,550.03 1.38%
45,575.29 0.58% 42,025.60 0.49% 40,452.10 0.53% 38,339.74 0.53%
16,858.21 0.21% 15,461.08 0.18% 13,569.33 0.18% 24,126.06 0.33%
38,948.27 0.50% 39,854.53 0.47% 40,328.03 0.53% 21,638.28 0.30%
— — — —
— — — —
14,052.38 0.18% 15,484.34 0.18% 15,414.75 0.20% 15,445.95 0.21%
71,463.30 0.91% 76,088.04 0.89% 90,883.46 1.19% 76,818.99 1.06%
40,149.66 0.51% 40,304.25 0.47% 54,719.27 0.71% 41,005.78 0.57%
25,756.24 0.33% 29,441.18 0.35% 30,395.29 0.40% 29,961.89 0.41%
4,627.29 0.06% 5,117.51 0.06% 4,853.94 0.06% 4,874.81 0.07%
— — — —
— — — —
930.11 0.01% 1,225.10 0.01% 914.96 0.01% 976.51 0.01%
56,612.57 0.72% 50,663.33 0.59% 56,076.20 0.73% 62,341.80 0.86%
41,769.60 0.53% 36,690.98 0.43% 39,537.14 0.52% 44,392.57 0.61%
— — — —
— — — —
7,750.90 0.10% 8,374.10 0.10% 9,576.07 0.13% 9,672.12 0.13%
3,053.85 0.04% 2,302.88 0.03% 2,209.86 0.03% 3,340.29 0.05%
4,038.22 0.05% 3,295.37 0.04% 4,753.14 0.06% 4,936.81 0.07%
46,776.68 0.60% 46,173.88 0.54% 48,159.47 0.63% 42,145.04 0.58%
41,459.56 0.53% 41,568.12 0.49% 42,460.36 0.55% 38,479.25 0.53%
— — — —
3,937.46 0.05% 3,465.95 0.04% 3,636.58 0.05% 2,681.53 0.04%
643.32 0.01% 535.01 0.01% 496.25 0.01% 434.01 0.01%
— — — —
736.34 0.01% 604.80 0.01% 1,566.29 0.02% 550.26 0.01%
16,059.86 0.20% 14,235.98 0.17% — —
465.05 0.01% 410.95 0.00% — —
387.55 0.00% 426.46 0.01% — —
1,953.23 0.02% 2,047.00 0.02% — —
13,254.04 0.17% 11,351.56 0.13% — —
3,633,319.63 46.24% 3,952,608.10 46.39% 3,211,331.96 41.96% 3,068,357.59 42.39%
2,795,059.80 35.57% 3,120,609.86 36.63% 2,533,710.89 33.11% 2,427,098.82 33.53%
984,550.32 12.53% 1,024,850.76 12.03% 955,582.88 12.49% 909,443.23 12.56%
1,393,604.07 17.74% 1,700,005.14 19.95% 1,214,082.40 15.86% 1,157,299.18 15.99%
181,727.60 2.31% 177,662.82 2.09% 163,010.24 2.13% 161,178.83 2.23%
— — — —
— — — —
235,177.81 2.99% 218,091.13 2.56% 201,035.37 2.63% 199,177.57 2.75%
503,490.71 6.41% 490,629.45 5.76% 348,219.90 4.55% 326,945.72 4.52%
332,443.85 4.23% 297,226.42 3.49% 169,298.65 2.21% 157,947.04 2.18%
84,949.86 1.08% 107,312.59 1.26% 99,405.00 1.30% 94,008.71 1.30%
— — — —
— — — —
20,485.63 0.26% 20,632.86 0.24% 22,594.86 0.30% 27,946.86 0.39%
65,611.37 0.84% 65,457.58 0.77% 56,921.38 0.74% 47,043.11 0.65%
110,946.38 1.41% 108,173.26 1.27% 196,941.31 2.57% 173,966.49 2.40%
67,634.35 0.86% 70,365.74 0.83% 108,655.40 1.42% 103,270.08 1.43%
17,943.33 0.23% 18,826.23 0.22% 35,225.97 0.46% 31,597.16 0.44%
— — — —
— — — —
18,307.63 0.23% 11,770.27 0.14% 41,305.03 0.54% 29,504.63 0.41%
7,061.07 0.09% 7,211.03 0.08% 11,754.91 0.15% 9,594.62 0.13%
43,645.32 0.56% 52,051.26 0.61% 60,457.16 0.79% 65,837.10 0.91%
40,397.69 0.51% 49,321.92 0.58% 56,409.62 0.74% 61,543.54 0.85%
— — — —
— — — —
2,201.26 0.03% 1,690.33 0.02% 1,643.83 0.02% 1,573.27 0.02%
69.76 0.00% 54.28 0.00% 46.52 0.00% 31.00 0.00%
976.61 0.01% 984.73 0.01% 2,357.19 0.03% 2,689.28 0.04%
77,183.46 0.98% 74,196.11 0.87% 72,002.72 0.94% 74,509.46 1.03%
72,881.71 0.93% 66,806.74 0.78% 63,186.53 0.83% 62,349.55 0.86%
1,480.42 0.02% 2,481.22 0.03% 4,760.89 0.06% 6,463.58 0.09%
2,309.77 0.03% 2,822.38 0.03% 2,310.66 0.03% 3,960.30 0.05%
— — — —
— — — —
511.56 0.01% 2,085.77 0.02% 1,744.63 0.02% 1,736.02 0.02%
34,638.77 0.44% 35,620.96 0.42% — —
3,518.91 0.04% 3,365.15 0.04% — —
4,363.76 0.06% 4,078.50 0.05% — —
12,641.72 0.16% 12,615.43 0.15% — —
14,114.39 0.18% 15,561.88 0.18% — —
68,355.19 0.87% 71,327.21 0.84% — —
2,457.04 0.03% 2,364.91 0.03% — —
8,231.46 0.10% 6,458.92 0.08% — —
31,654.68 0.40% 31,030.71 0.36% — —
26,012.02 0.33% 31,472.67 0.37% — —
1,134,514.73 14.44% 1,286,091.79 15.10% 1,026,825.72 13.42% 1,014,410.59 14.01%
740,699.26 9.43% 914,157.51 10.73% 725,082.70 9.47% 721,294.06 9.96%
227,217.63 2.89% 458,637.27 5.38% 299,548.66 3.91% 328,906.49 4.54%
383,026.23 4.87% 328,117.55 3.85% 294,159.70 3.84% 266,463.94 3.68%
— — — —
— — — —
57,217.14 0.73% 48,515.53 0.57% 42,506.88 0.56% 37,301.23 0.52%
73,238.25 0.93% 78,887.16 0.93% 88,867.45 1.16% 88,622.39 1.22%
364,207.04 4.64% 345,982.31 4.06% 278,008.33 3.63% 273,206.53 3.77%
134,625.38 1.71% 143,887.27 1.69% 91,689.87 1.20% 104,548.85 1.44%
147,577.14 1.88% 132,093.74 1.55% 125,892.32 1.64% 111,740.94 1.54%
— — — —
49,946.80 0.64% 39,668.44 0.47% 31,674.68 0.41% 23,475.05 0.32%
— — — —
32,057.72 0.41% 30,332.87 0.36% 28,751.46 0.38% 33,441.68 0.46%
— — 23,734.69 0.31% 19,910.01 0.28%
— — 10,886.48 0.14% 10,206.88 0.14%
— — 8,358.70 0.11% 5,897.83 0.08%
— — — —
— — 1,985.00 0.03% 1,759.27 0.02%
— — — —
— — 2,504.51 0.03% 2,046.03 0.03%
231,596.89 2.95% 223,123.35 2.62% 236,106.26 3.09% 242,531.63 3.35%
134,571.13 1.71% 136,459.13 1.60% 150,456.68 1.97% 156,335.02 2.16%
95,057.04 1.21% 95,712.91 1.12% 107,112.37 1.40% 110,043.67 1.52%
13,509.82 0.17% 16,143.41 0.19% 17,547.08 0.23% 14,368.69 0.20%
— — — —
14,122.14 0.18% 14,282.50 0.17% 13,817.45 0.18% 17,716.73 0.24%
— — — —
11,882.13 0.15% 10,320.31 0.12% 11,979.78 0.16% 14,205.93 0.20%
56,976.87 0.73% 49,818.17 0.58% 63,310.59 0.83% 64,876.09 0.90%
36,692.76 0.47% 34,884.35 0.41% 43,010.88 0.56% 44,136.82 0.61%
10,866.76 0.14% 10,366.83 0.12% 12,654.36 0.17% 12,493.16 0.17%
3,007.35 0.04% 2,752.60 0.03% 2,969.74 0.04% 3,123.29 0.04%
— — — —
— — — —
6,409.99 0.08% 1,814.39 0.02% 4,675.60 0.06% 5,122.82 0.07%
24,841.63 0.32% 22,144.85 0.26% 22,338.99 0.29% 21,320.53 0.29%
20,152.34 0.26% 17,306.48 0.20% 17,616.86 0.23% 16,251.96 0.22%
3,712.68 0.05% 3,698.56 0.04% 3,954.49 0.05% 4,254.80 0.06%
— — — —
— — — —
15.50 0.00% 7.75 0.00% 7.75 0.00% 7.75 0.00%
961.11 0.01% 1,132.05 0.01% 759.88 0.01% 806.01 0.01%
15,207.27 0.19% 14,701.20 0.17% — —
85.26 0.00% 100.80 0.00% — —
3,751.44 0.05% 2,023.74 0.02% — —
2,984.10 0.04% 2,923.18 0.03% — —
8,386.47 0.11% 9,653.48 0.11% — —
432,275.44 5.50% 360,412.13 4.23% 353,981.04 4.63% 139,602.55 1.93%
119,921.92 1.53% 120,866.23 1.42% 119,782.25 1.57% 108,896.66 1.50%
73,222.75 0.93% 69,737.68 0.82% 73,685.31 0.96% 60,791.78 0.84%
21,361.48 0.27% 23,873.95 0.28% 20,485.80 0.27% 21,917.28 0.30%
15,416.54 0.20% 16,414.79 0.19% 15,251.92 0.20% 14,577.94 0.20%
— — — —
— — — —
9,921.15 0.13% 10,839.81 0.13% 10,359.21 0.14% 11,609.65 0.16%
9,409.59 0.12% 4,706.56 0.06% 36,559.64 0.48% 30,705.90 0.42%
8,456.23 0.11% 4,543.73 0.05% 25,014.08 0.33% 20,065.01 0.28%
178.27 0.00% 0.00 9,389.97 0.12% 8,866.11 0.12%
364.29 0.00% 0.00 922.71 0.01% 813.76 0.01%
— — — —
— — — —
410.80 0.01% 162.83 0.00% 1,232.87 0.02% 961.01 0.01%
45,567.54 0.58% — — —
7,929.17 0.10% — — —
8,130.69 0.10% — — —
10,866.76 0.14% — — —
18,640.91 0.24% — — —
31,856.20 0.41% 27,991.22 0.33% — —
217.03 0.00% 155.08 0.00% — —
658.83 0.01% 480.74 0.01% — —
11,874.38 0.15% 11,049.17 0.13% — —
19,105.97 0.24% 16,306.24 0.19% — —
225,520.19 2.87% 206,848.12 2.43% 197,639.16 2.58% —
9,975.41 0.13% 9,831.82 0.12% 8,350.95 0.11% —
13,525.32 0.17% 14,042.13 0.16% 16,027.31 0.21% —
62,332.74 0.79% 50,136.07 0.59% 42,886.82 0.56% —
139,686.72 1.78% 132,838.10 1.56% 130,374.07 1.70% —
29,608.44 0.38% 25,951.97 0.30% — —
3,061.61 0.04% 2,806.88 0.03% — —
4,604.03 0.06% 4,109.51 0.05% — —
8,952.29 0.11% 6,613.99 0.08% — —
12,990.51 0.17% 12,421.59 0.15% — —
— — — —
— — — —
108.40 84.00 93.70 93.70
60.80 72.90 78.90 84.90
58.70 56.10 — —
— — 44.00 43.00
48.00 51.50 47.70 48.10
42.70 47.10 71.70 72.60
39.00 38.20 — —
299,735.05 100.00% 282,455.43 100.00% 227,421.89 100.00% 184,281.88 100.00%
85,879.97 28.65% 102,249.36 36.20% 79,415.44 34.92% 74,997.72 40.70%
18,974.20 6.33% 17,562.36 6.22% 15,360.48 6.75% 13,686.68 7.43%
157,583.55 52.57% 117,152.16 41.48% 90,674.11 39.87% 69,208.39 37.56%
— — 15,879.99 6.98% 18,406.49 9.99%
24,709.87 8.24% 32,907.13 11.65% 26,091.87 11.47% 7,982.60 4.33%
8,890.28 2.97% 9,133.98 3.23% — —
3,697.18 1.23% 3,450.44 1.22% — —
— 8,580,355.08 100.00% 9,458,207.22 100.00% 8,548,360.30 100.00%
— — 3,875,399.22 40.04% 3,562,720.97 40.95%
— 2,326,915.38 27.12% 2,910,814.06 30.07% 2,614,883.74 30.06%
— 1,735,300.44 20.22% 1,716,713.46 17.73% 1,484,919.16 17.07%
— 484,612.50 5.65% 488,495.70 5.05% 468,106.04 5.38%
— 693,965.10 8.09% 688,546.32 7.11% 568,857.34 6.54%
— — -221,761.54 -151,126.95
— 2,267,211.12 26.42% — —
— 1,072,350.54 12.50% — —
— 470,268.22 100.00% — —
— 30.90 0.01% — —
— 11,926.38 2.54% — —
— 10,690.49 2.27% — —
— 16,087.23 3.42% — —
— 358,460.96 76.22% — —
— 18,383.93 3.91% — —
— 50,239.12 10.68% — —
— 0.00 — —
— 175.09 0.04% — —
— 216.28 0.05% — —
— 4,057.85 0.86% — —
34,103.96 100.00% 20,935.26 100.00% — —
3,100.36 9.09% 775.38 3.70% — —
— — — —
— — — —
— — — —
775.09 2.27% 775.38 3.70% — —
— — — —
— — — —
— — — —
1,550.18 4.55% 2,326.14 11.11% — —
— — — —
— — — —
— — — —
7,750.90 22.73% 6,203.04 29.63% — —
— — — —
— — — —
— — — —
20,927.43 61.36% 10,855.32 51.85% — —
— — — —
— — — —
— — — —
— — — —
238,696.72 100.00% 235,374.35 100.00% 221,117.97 100.00% 201,572.35 100.00%
— — 79,779.88 36.08% 78,965.77 39.17%
5,696.91 2.39% 3,186.81 1.35% — —
6,363.49 2.67% 5,691.29 2.42% — —
23,717.75 9.94% 23,385.46 9.94% — —
114,798.58 48.09% 64,255.74 27.30% — —
88,119.98 36.92% 89,013.62 37.82% — —
— — 8,141.60 3.68% 7,719.10 3.83%
— — 6,955.25 3.15% 17,367.97 8.62%
— — 25,758.46 11.65% 13,795.18 6.84%
— — 100,482.79 45.44% 83,724.33 41.54%
— 49,841.43 21.18% — —
FY 2016 FY 2017 FY 2018 FY 2019
12/31/2016 12/31/2017 12/31/2018 12/31/2019
372,331.77 100.00% 400,896.20 100.00% 421,505.09 100.00% 439,535.78 100.00%
181,019.41 45.23% 201,098.79 46.23% 225,596.92 48.82% 238,337.18 48.84%
120,441.56 30.10% 135,749.09 31.21% 138,756.53 30.03% 141,471.32 28.99%
54,841.43 13.70% 52,312.49 12.03% 52,707.73 11.41% 51,610.08 10.58%
23,046.60 5.76% 20,728.62 4.76% 21,059.58 4.56% 29,068.38 5.96%
20,849.83 5.21% 25,131.50 5.78% 23,998.67 5.19% 27,548.36 5.64%
-27,867.05 -34,124.30 -40,614.34 -48,499.53
— — — —
— — — —
36,933.55 100.00% 115,269.83 100.00% 136,013.38 100.00% 86,131.71 100.00%
92,046.66 249.22% 104,780.84 90.90% 123,175.42 90.56% 128,480.65 109.65%
8,298.02 22.47% 8,252.48 7.16% 8,785.93 6.46% 16,015.03 13.67%
1,443.81 3.91% 12,444.97 10.80% 6,262.23 4.60% 6,009.55 5.13%
-12,264.61 -33.21% 4,621.08 4.01% 4,365.53 3.21% 3,032.20 2.59%
— — — -31,042.83
-52,590.33 ### -14,829.54 -12.87% -6,575.73 -4.83% -36,362.89 -31.03%
— — — —
— — — —
-7,428.63 133,777.53 100.00% 155,889.48 100.00% 104,575.64 100.00%
44,323.36 ### 119,454.52 89.29% 139,430.56 89.44% 144,699.40 106.70%
62,634.89 ### 74,794.47 55.91% 90,241.90 57.89% 94,405.62 69.61%
44,323.36 ### 44,660.05 33.38% 49,188.66 31.55% 50,293.77 37.08%
20,236.60 ### 19,388.27 14.49% 22,399.81 14.37% 22,541.70 16.62%
5,767.47 -77.64% 7,138.13 5.34% 6,466.00 4.15% 7,882.15 5.81%
6,761.06 -91.01% 6,195.21 4.63% 7,335.98 4.71% 7,012.45 5.17%
3,407.70 -45.87% 3,608.03 2.70% 3,848.25 2.47% 3,745.20 2.76%
2,864.33 -38.56% 2,844.34 2.13% 3,628.80 2.33% 3,478.80 2.57%
2,755.66 -37.10% 2,532.63 1.89% 2,931.26 1.88% 2,679.62 1.98%
1,381.71 -18.60% 1,402.69 1.05% 815.11 0.52% 1,692.39 1.25%
1,148.84 -15.46% 1,550.75 1.16% 1,763.46 1.13% 1,261.46 0.93%
11,666.90 ### 11,696.86 8.74% 12,203.11 7.83% 18,232.37 13.44%
3,376.65 -45.45% 3,436.59 2.57% 3,417.19 2.19% 9,049.59 6.67%
3,725.96 -50.16% 3,732.71 2.79% 3,707.18 2.38% 3,329.94 2.46%
3,524.13 -47.44% 2,376.78 1.78% 2,609.91 1.67% 3,212.41 2.37%
1,040.16 -14.00% 2,150.79 1.61% 2,468.84 1.58% 2,640.44 1.95%
1,436.05 -19.33% 12,476.14 9.33% 6,262.23 4.02% 6,009.55 4.43%
4,191.70 -56.43% 5,369.18 4.01% 5,995.75 3.85% 4,842.12 3.57%
-3,656.10 49.22% 5,587.38 4.18% -368.37 -0.24% 3,408.29 2.51%
900.44 -12.12% 1,519.58 1.14% 634.84 0.41% -2,240.85 -1.65%
-12,272.37 165.20% 4,675.63 3.50% 4,381.21 2.81% 3,134.06 2.31%
1,917.32 -25.81% 3,039.16 2.27% 4,138.24 2.65% 5,382.74 3.97%
-14,189.69 191.01% 1,636.47 1.22% 242.97 0.16% -2,248.69 -1.66%
— — — —
— — — —
— — — -31,042.83
-52,582.57 707.84% -14,525.62 -10.86% -6,387.63 -4.10% -36,456.91 -26.88%
1,963.89 -26.44% 2,111.83 1.58% 1,575.35 1.01% 1,261.46 0.93%
-3,811.34 51.31% -1,433.86 -1.07% -603.49 -0.39% 713.00 0.53%
4,579.82 -61.65% 2,096.24 1.57% 289.99 0.19% 282.07 0.21%
-24,940.62 335.74% 3,101.50 2.32% 3,291.78 2.11% -12,504.89 -9.22%
-30,374.31 408.88% -20,401.33 -15.25% -10,941.26 -7.02% -26,208.55 -19.33%
— — — —
— — — —
18,415,403.95 100.00% 19,700,831.58 100.00% 20,035,738.79 100.00% 21,148,861.96 100.00%
8,284,623.44 41.95% 9,136,602.03 43.72% 9,008,870.57 42.64% 9,722,518.39 43.85%
7,488,173.85 37.92% 7,878,688.93 37.70% 8,205,294.68 38.84% 8,589,968.71 38.74%
3,171,507.93 16.06% 3,056,890.49 14.63% 3,057,769.20 14.47% 2,937,268.37 13.25%
468,893.84 2.37% 448,965.07 2.15% 449,999.05 2.13% 509,172.21 2.30%
334,479.98 1.69% 378,216.88 1.81% 406,671.32 1.92% 411,885.11 1.86%
— — — —
— — — —
-1,332,275.10 -1,198,531.82 -1,092,866.03 -1,021,950.83
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
231,420.74 100.00% 219,567.53 100.00% 239,547.82 100.00% 238,674.09 100.00%
96,952.51 41.78% 110,290.29 49.81% 126,247.75 53.24% 130,118.20 56.70%
64,785.08 27.92% 54,315.22 24.53% 53,616.89 22.61% 43,884.63 19.12%
32,757.37 14.12% 26,814.73 12.11% 27,596.12 11.64% 25,393.69 11.06%
23,333.81 10.06% 16,349.12 7.38% 15,831.91 6.68% 16,148.23 7.04%
14,212.97 6.13% 13,652.84 6.17% 13,817.65 5.83% 13,954.39 6.08%
-620.99 -1,854.67 2,437.49 9,174.95
— — — —
— — — —
26,392.20 100.00% 13,785.31 100.00% 13,849.01 100.00% 21,593.65 100.00%
3,462.04 13.12% 5,127.61 37.20% 4,773.09 34.47% 7,349.36 34.03%
9,540.00 36.15% 4,075.59 29.56% 4,467.42 32.26% 5,798.00 26.85%
5,255.15 19.91% 4,441.85 32.22% 4,718.22 34.07% 5,672.64 26.27%
5,682.08 21.53% -1,472.82 -10.68% -1,747.78 -12.62% 1,856.93 8.60%
2,452.92 9.29% 1,613.09 11.70% 1,638.05 11.83% 916.71 4.25%
— — — —
— — — —
10,004,027.50 100.00% 10,659,586.48 100.00% 10,672,492.50 100.00% 11,209,554.56 100.00%
4,885,778.91 48.84% 5,135,766.96 48.18% 5,207,034.53 48.79% 5,431,860.93 48.46%
— 3,727,279.58 34.97% 3,797,810.28 35.59% 3,894,249.49 34.74%
— 321,429.27 3.02% 331,482.20 3.11% 378,313.65 3.37%
— 359,295.49 3.37% 358,025.53 3.35% 376,397.51 3.36%
— 218,892.83 2.05% 201,420.69 1.89% 220,909.50 1.97%
— 157,902.21 1.48% 161,727.10 1.52% 180,639.34 1.61%
— 103,341.10 0.97% 111,295.56 1.04% 116,331.70 1.04%
— 105,145.75 0.99% 106,533.58 1.00% 114,251.99 1.02%
— 109,583.13 1.03% 108,898.91 1.02% 113,909.26 1.02%
— 32,897.60 0.31% 29,840.68 0.28% 36,858.49 0.33%
— — — —
3,631,849.22 36.30% 3,946,633.34 37.02% 3,940,802.76 36.92% 4,118,290.25 36.74%
— 3,138,458.72 29.44% 3,128,862.08 29.32% 3,268,675.47 29.16%
— 358,061.15 3.36% 353,772.64 3.31% 371,537.05 3.31%
— 252,532.60 2.37% 277,808.13 2.60% 276,189.45 2.46%
— 135,582.47 1.27% 130,899.56 1.23% 150,806.70 1.35%
— 61,998.41 0.58% 49,460.34 0.46% 51,081.57 0.46%
— — — —
— — — —
1,082,692.56 10.82% 1,120,533.81 10.51% 1,043,961.77 9.78% 1,142,488.70 10.19%
— 702,224.21 6.59% 646,336.64 6.06% 707,524.19 6.31%
— 355,537.77 3.34% 343,817.92 3.22% 377,192.01 3.36%
— 62,771.83 0.59% 53,807.21 0.50% 57,772.50 0.52%
— — — —
258,328.93 2.58% 270,758.69 2.54% 277,322.54 2.60% 296,971.04 2.65%
— 129,699.80 1.22% 129,881.37 1.22% 139,808.35 1.25%
— 81,029.18 0.76% 79,598.65 0.75% 86,623.69 0.77%
— 30,561.72 0.29% 35,190.07 0.33% 40,394.79 0.36%
— 29,468.00 0.28% 32,652.44 0.31% 30,144.20 0.27%
— — — —
145,377.87 1.45% 185,893.68 1.74% 203,370.91 1.91% 219,943.64 1.96%
— 139,129.25 1.31% 156,142.74 1.46% 179,548.85 1.60%
— 46,764.43 0.44% 47,228.17 0.44% 40,394.79 0.36%
— — — —
— — — —
— — — —
309,006.03 100.00% 271,841.05 100.00% 271,642.71 100.00% 289,735.71 100.00%
169,569.85 50.34% 145,451.02 47.54% 140,559.17 45.01% 150,724.62 46.70%
83,717.60 24.85% 91,876.10 30.03% 97,703.28 31.29% 104,183.88 32.28%
47,715.54 14.16% 41,340.35 13.51% 48,193.28 15.43% 40,366.65 12.51%
23,574.44 7.00% 16,434.84 5.37% 15,165.72 4.86% 16,077.71 4.98%
— — — 15,505.75
12,295.66 3.65% 10,863.04 3.55% 10,635.60 3.41% 11,376.63 3.53%
-27,867.05 -34,124.30 -40,614.34 -48,499.53
— — — —
— — — —
1,793,197.93 100.00% 7,536,025.82 100.00% 7,756,392.14 100.00% 8,143,413.87 100.00%
1,793,197.93 100.00% 3,340,875.41 44.33% 3,545,315.82 45.71% 4,404,925.02 48.08%
1,793,197.93 100.00% 2,106,907.00 27.96% 2,282,898.33 29.43% 2,928,466.58 31.96%
— 819,322.77 10.87% 824,996.95 10.64% 1,311,545.50 14.32%
— 549,040.63 7.29% 619,205.90 7.98% 676,819.17 7.39%
— 520,830.42 6.91% 495,676.44 6.39% 528,543.96 5.77%
— 217,713.18 2.89% 225,050.43 2.90% 257,518.74 2.81%
— — 117,968.60 1.52% 154,039.22 1.68%
— — — —
— 319,702.75 4.24% 307,147.56 3.96% 373,608.98 4.08%
— 196,885.58 2.61% 155,093.22 2.00% 207,145.98 2.26%
— 69,349.79 0.92% 68,187.13 0.88% 69,837.97 0.76%
— — 40,304.50 0.52% 46,041.96 0.50%
— 44,326.99 0.59% 34,641.82 0.45% 41,313.92 0.45%
— 9,140.39 0.12% 8,920.88 0.12% 9,269.15 0.10%
— — — —
— 222,744.30 2.96% 229,788.92 2.96% 308,132.96 3.36%
— 102,130.20 1.36% 102,609.65 1.32% 155,674.95 1.70%
— 38,686.51 0.51% 41,925.77 0.54% 54,781.44 0.60%
— 44,998.85 0.60% 46,922.71 0.60% 52,086.38 0.57%
— 36,928.74 0.49% 34,955.11 0.45% 40,776.46 0.45%
— — 3,375.68 0.04% 4,813.73 0.05%
— — — —
— 210,525.86 2.79% 219,865.52 2.83% 255,906.38 2.79%
— 97,216.26 1.29% 108,538.63 1.40% 132,393.03 1.45%
— 84,490.02 1.12% 70,583.79 0.91% 89,014.98 0.97%
— 22,272.87 0.30% 18,194.20 0.23% 15,523.88 0.17%
— — 16,565.10 0.21% 13,576.58 0.15%
— 6,546.71 0.09% 5,983.80 0.08% 5,397.92 0.06%
— — — —
— 175,550.19 2.33% 174,297.78 2.25% 187,190.05 2.04%
— 119,707.87 1.59% 116,848.59 1.51% 132,572.18 1.45%
— 23,538.46 0.31% 23,512.26 0.30% 24,006.31 0.26%
— 23,850.95 0.32% 18,249.03 0.24% 14,916.32 0.16%
— 8,452.91 0.11% 8,638.92 0.11% 9,292.52 0.10%
— — 7,048.98 0.09% 6,402.72 0.07%
— — — —
— 110,997.16 1.47% 111,976.96 1.44% 115,132.17 1.26%
— 44,342.61 0.59% 49,147.06 0.63% 53,854.53 0.59%
— 26,444.64 0.35% 25,133.53 0.32% 24,925.44 0.27%
— 23,460.34 0.31% 22,635.06 0.29% 22,121.33 0.24%
— 16,749.57 0.22% 12,915.30 0.17% 12,439.35 0.14%
— — 2,146.02 0.03% 1,791.52 0.02%
— — — —
— — 95,137.73 1.23% 99,577.13 1.09%
— — 46,875.72 0.60% 49,726.25 0.54%
— — 40,124.36 0.52% 41,173.71 0.45%
— — 6,735.69 0.09% 7,820.36 0.09%
— — 1,221.82 0.02% 638.71 0.01%
— — 180.14 0.00% 218.10 0.00%
— — — —
— 71,662.23 0.95% 85,214.34 1.10% 96,734.07 1.06%
— 50,287.78 0.67% 39,067.01 0.50% 51,852.70 0.57%
— — 22,290.44 0.29% 20,423.28 0.22%
— 8,671.65 0.12% 11,027.74 0.14% 12,190.10 0.13%
— 9,257.58 0.12% 8,067.17 0.10% 8,155.29 0.09%
— 3,445.22 0.05% 4,761.98 0.06% 4,112.70 0.04%
— — — —
— 36,381.88 0.48% 38,988.69 0.50% 40,176.69 0.44%
— 32,085.12 0.43% 33,294.68 0.43% 33,851.86 0.37%
— — 2,772.60 0.04% 2,749.59 0.03%
— 2,515.56 0.03% 2,185.18 0.03% 2,562.65 0.03%
— 499.99 0.01% 462.10 0.01% 521.88 0.01%
— 1,281.22 0.02% 274.13 0.00% 490.72 0.01%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— 2,980,759.63 39.55% 2,950,154.77 38.04% 3,303,002.47 36.05%
— — 2,268,643.72 29.25% 2,528,576.84 27.60%
— — 973,988.90 12.56% 1,074,792.76 11.73%
— — 851,430.63 10.98% 987,358.99 10.78%
— — 160,583.60 2.07% 174,439.13 1.90%
— — 143,987.16 1.86% 147,535.24 1.61%
— — 138,653.44 1.79% 144,450.71 1.58%
— — — —
— — 421,074.74 5.43% 491,241.48 5.36%
— — 174,767.71 2.25% 217,201.84 2.37%
— — 153,636.44 1.98% 164,507.90 1.80%
— — 46,131.66 0.59% 43,954.46 0.48%
— — 19,486.51 0.25% 38,159.29 0.42%
— — 27,052.42 0.35% 27,417.98 0.30%
— — — —
— — 100,126.84 1.29% 111,260.93 1.21%
— — 66,307.41 0.85% 72,159.15 0.79%
— — 20,567.36 0.27% 20,984.10 0.23%
— — 5,372.89 0.07% 8,248.76 0.09%
— — 4,848.13 0.06% 7,041.44 0.08%
— — 3,031.06 0.04% 2,827.48 0.03%
— — — —
— — 94,871.44 1.22% 95,254.13 1.04%
— — 79,951.10 1.03% 76,108.27 0.83%
— — 10,737.95 0.14% 13,576.58 0.15%
— — 1,926.72 0.02% 3,037.79 0.03%
— — 2,255.67 0.03% 2,531.49 0.03%
— — 0.00 0.00
— — — —
— — 65,438.03 0.84% 76,669.10 0.84%
— — 40,829.26 0.53% 48,020.42 0.52%
— — 9,124.51 0.12% 11,956.42 0.13%
— — 8,772.06 0.11% 9,214.62 0.10%
— — 3,986.59 0.05% 4,315.22 0.05%
— — 2,725.61 0.04% 3,162.42 0.03%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— 840,658.17 11.16% 850,976.36 10.97% 1,006,380.22 10.98%
— — 503,101.37 6.49% 562,029.73 6.13%
— — 213,756.40 2.76% 268,548.25 2.93%
— — 136,781.54 1.76% 139,193.00 1.52%
— — 68,743.22 0.89% 69,908.07 0.76%
— — 65,962.79 0.85% 64,510.15 0.70%
— — 17,857.42 0.23% 19,870.25 0.22%
— — — —
— — 329,672.96 4.25% 424,153.10 4.63%
— — 118,571.68 1.53% 190,266.79 2.08%
— — 143,070.80 1.84% 155,760.63 1.70%
— — 41,933.60 0.54% 51,066.00 0.56%
— — 20,066.10 0.26% 19,434.05 0.21%
— — 6,030.79 0.08% 7,625.63 0.08%
— — — —
— — 18,202.03 0.23% 20,197.40 0.22%
— — 9,657.10 0.12% 9,331.46 0.10%
— — 2,999.73 0.04% 6,044.42 0.07%
— — 3,078.05 0.04% 2,258.87 0.02%
— — 1,683.92 0.02% 1,596.79 0.02%
— — 783.22 0.01% 965.86 0.01%
— — — —
— 219,135.02 2.91% 237,989.23 3.07% 247,447.31 2.70%
— — 141,778.48 1.83% 147,184.72 1.61%
— — 98,654.39 1.27% 106,688.67 1.16%
— — 15,460.76 0.20% 14,955.26 0.16%
— — 14,481.74 0.19% 13,202.69 0.14%
— — 11,568.16 0.15% 11,387.81 0.12%
— — 1,613.43 0.02% 950.28 0.01%
— — — —
— — 80,115.57 1.03% 82,456.47 0.90%
— — 58,052.27 0.75% 61,230.90 0.67%
— — 16,815.73 0.22% 16,404.06 0.18%
— — 3,281.69 0.04% 2,983.26 0.03%
— — 908.54 0.01% 1,168.38 0.01%
— — 1,057.35 0.01% 669.87 0.01%
— — — —
— — 16,095.17 0.21% 17,806.11 0.19%
— — 13,353.90 0.17% 14,713.80 0.16%
— — 2,420.15 0.03% 2,695.06 0.03%
— — 321.12 0.00% 272.62 0.00%
— — 0.00 124.63 0.00%
— — 0.00 0.00
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— 154,597.60 2.05% 171,955.95 2.22% 200,112.34 2.18%
— — 145,765.07 1.88% 177,905.33 1.94%
— — 77,914.73 1.00% 96,212.20 1.05%
— — 25,000.38 0.32% 29,443.18 0.32%
— — 19,972.11 0.26% 26,631.27 0.29%
— — 10,604.80 0.14% 12,961.23 0.14%
— — 12,273.06 0.16% 12,657.45 0.14%
— — — —
— — 26,190.88 0.34% 22,207.01 0.24%
— — 18,327.35 0.24% 16,326.16 0.18%
— — 5,999.47 0.08% 4,276.27 0.05%
— — 1,182.66 0.02% 1,129.43 0.01%
— — 454.27 0.01% 467.35 0.01%
— — 227.13 0.00% 7.79 0.00%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — -1,018,453.48
— — — —
140.80 107.10 101.30 120.50
87.00 79.00 91.40 84.80
113.10 65.40 63.20 67.90
46.20 45.70 43.30 43.70
53.40 52.40 50.50 41.80
— — — —
— — — —
141,338.09 100.00% 120,856.28 100.00% 71,179.03 100.00% 64,003.86 100.00%
62,511.94 44.23% 62,826.52 51.98% 35,503.36 49.88% 32,574.43 50.89%
17,291.20 12.23% 15,226.17 12.60% 15,452.93 21.71% 14,059.51 21.97%
37,544.38 26.56% 20,358.85 16.85% 10,589.13 14.88% 9,230.20 14.42%
19,377.00 13.71% 17,569.86 14.54% 6,767.02 9.51% 6,527.35 10.20%
4,613.57 3.26% 4,874.88 4.03% 2,866.59 4.03% 1,612.36 2.52%
— — — —
— — — —
6,646,643.08 100.00% 6,806,856.99 100.00% 6,777,202.66 100.00% 6,739,824.18 100.00%
2,589,802.60 38.11% 2,795,240.94 39.92% 2,850,137.58 40.95% 2,853,962.88 42.34%
2,313,763.76 34.04% 2,434,312.68 34.77% 2,334,778.82 33.55% 2,188,765.20 32.47%
1,168,512.73 17.19% 1,025,754.99 14.65% 1,030,717.52 14.81% 950,282.40 14.10%
458,255.49 6.74% 462,488.16 6.60% 444,085.74 6.38% 447,879.00 6.65%
265,958.77 3.91% 284,367.72 4.06% 299,973.26 4.31% 299,105.28 4.44%
-149,650.27 -195,307.50 -182,490.26 -170.58
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
185,612.86 100.00% — — —
80,935.21 43.60% — — —
— — — —
— — — —
— — — —
— — — —
— — — —
7,699.62 4.15% — — —
14,081.08 7.59% — — —
12,367.47 6.66% — — —
70,529.47 38.00% — — —
— — — —
HSBC Holdings PLC (5 HK) - By Segment
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Global Banking & Markets
Operating Income 69,880.64 49,438.15 59,698.13
Assets 13,667,030.83 — 15,055,890.72
Net Revenues 154,964.89 132,776.97 141,744.28
Net Interest Income 57,085.38 56,537.44 53,988.95
Provision for Loan Losses 7,691.14 7,659.76 5,197.21
Non Interest Expense 77,393.10 — 76,848.93
Pretax Income 74,083.58 54,871.60 66,089.93
Total Deposits 2,397,255.88 2,380,105.64 2,574,190.15
Cost income Ratio 49.90 — 54.20
Risk Weighted Assets — — —
Impairment Charges — — —
Total Loans, Net — — —
Commercial banking
Assets 2,306,943.72 — 2,818,684.54
Net Revenues 107,474.02 121,520.86 128,386.67
Provision for Loan Losses 14,022.74 13,529.13 16,282.01
Pretax Income 47,312.18 61,861.91 66,206.28
Total Deposits 2,223,075.21 2,377,930.99 2,622,943.31
Retail Banking & Wealth Management
Operating Income — 23,446.34 66,532.08
Assets — — 4,156,373.62
Net Revenues — 261,031.26 262,660.92
Net Interest Income — 187,609.65 157,452.27
Provision for Loan Losses — 72,541.98 42,780.04
Non Interest Expense — — 153,348.80
Pretax Income — 33,239.00 74,273.60
Total Deposits 4,082,437.79 4,108,663.43 4,357,176.19
Private Banking
Assets 908,220.59 — 918,016.60
Net Revenues 24,029.00 25,625.95 24,605.31
Provision for Loan Losses -93.23 669.45 209.44
Pretax Income 8,188.35 7,348.39 7,826.85
Total Deposits 832,700.06 868,414.61 819,828.19
Assets under Management 2,153,065.60 2,011,549.40 2,232,259.20
Corporate Centre
Operating Income -9,749.88 12,867.46 -54,586.25
Assets 1,254,980.74 — 1,563,674.32
Net Revenues 36,202.76 71,187.51 18,089.40
Net Interest Income -7,753.29 7,091.51 -5,662.63
Provision for Loan Losses -23.31 — 0.00
Pretax Income -9,019.61 12,937.52 -54,221.67
Total Deposits 7,391.93 3,619.24 12,176.66
Cost income Ratio — — —
Reconcilliation
Operating Income — — —
Non Interest Expense — — —
Assets -3,159,060.24 — -3,643,047.01
Inter-Segment Elimination
Net Interest Income -7,007.49 — —
Non Interest Expense -45,548.66 — -45,448.46
Net Revenues -45,548.66 -49,492.64 -45,448.46
Corporate and commercial banking
Total Loans 3,462,875.67 3,427,353.98 3,980,032.89
Personal banking
Total Loans 3,305,927.30 3,057,127.93 3,217,344.33
Operating Income 19,515.31 — —
Assets 4,101,691.01 — —
Net Revenues 253,077.46 — —
Net Interest Income 187,702.74 — —
Provision for Loan Losses 87,469.28 — —
Non Interest Expense 146,092.88 — —
Pretax Income 27,330.75 — —
Cost income Ratio 57.70 — —
Financial banking
Total Loans 790,688.08 683,414.20 629,822.63
Net New Money
Net New Money (assets) 326,290.93 15,568.62 38,785.17
Global Asset Management
Affiliates
Assets under Management 23,318.40 23,299.80 23,252.70
Credit Card
Delinquencies - Managed Basis 7,434.77 — 209.44
Delinquency Rate - Managed Basis 4.69 — 3.30
Private Label
Delinquencies - Managed Basis 3,138.61 — 0.00
Delinquency Rate - Managed Basis 3.03 — 0.00
Asset-backed securities reclassified
Total Loans 45,797.34 41,007.65 30,158.75
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
69,879.32 41,759.10 41,119.86 42,693.26 45,571.79 -15,298.96 41,886.67

15,317,701.68 14,264,415.61 6,872,401.18 7,364,126.95 7,396,271.59 7,928,316.76 8,307,836.09
148,740.79 127,813.09 123,824.72 118,089.55 113,906.11 118,715.83 116,273.50
52,481.24 54,453.56 53,733.36 37,259.57 37,802.46 40,144.09 43,884.63
1,605.62 2,830.47 0.00 3,578.47 3,475.55 -203.78 1,198.78
77,255.85 93,273.62 83,991.80 72,205.94 67,975.85 73,265.70 106,871.33
73,230.17 45,667.47 39,987.97 42,227.51 42,353.40 49,470.81 8,203.39
3,491,652.45 2,474,432.32 2,028,418.17 2,031,126.35 2,133,382.88 2,278,496.63 2,276,658.53
51.90 67.70 59.40 59.40 58.80 73.00 175.40
3,274,429.74 4,001,787.79 3,414,694.06 2,329,271.56 2,338,221.39 2,200,848.20 2,011,171.44
— -2,830.47 -550.44 -3,578.47 -3,475.55 203.78 -1,198.78
— — — 1,784,722.92 1,909,919.85 1,918,716.69 1,918,215.13
53,768.83 55,903.69 40,577.17 45,976.76 53,216.45 58,609.43 57,251.38

2,796,198.62 2,876,371.24 2,396,842.43 2,402,972.38 2,626,206.20 2,821,283.76 2,862,601.10
126,936.95 122,121.13 110,071.59 104,055.11 102,240.41 117,077.78 119,760.14
79,117.44 78,772.32 76,433.00 66,027.06 70,601.99 81,354.09 87,957.30
18,491.76 12,081.83 13,722.12 7,653.74 3,623.61 5,791.97 9,276.81
54,676.36 54,135.61 52,283.62 47,249.79 46,764.08 50,787.52 77,011.61
65,473.56 68,349.99 43,298.34 46,931.53 51,611.15 60,498.29 33,471.73
2,747,155.83 2,801,623.64 2,803,218.92 2,688,633.81 2,746,937.49 2,800,763.39 3,010,697.16
43.10 44.30 45.40 45.50 44.90 42.50 128.50
3,037,163.46 3,336,503.17 3,262,792.10 2,139,301.01 2,351,502.30 2,515,702.64 2,466,839.64
— -12,081.83 -11,218.03 -7,653.74 -3,623.61 -5,791.97 -9,276.81
— — — 2,211,823.24 2,384,415.52 2,609,391.42 2,695,530.55
48,595.17 40,192.65 42,507.57 40,659.51 50,379.90 54,745.50 62,626.29

4,009,373.67 3,883,649.37 3,273,037.73 3,268,726.33 3,527,378.45 3,734,267.64 4,101,956.29
207,411.80 195,023.14 175,395.10 157,871.90 159,898.71 171,862.47 181,712.61
142,248.51 132,838.14 123,468.10 100,181.67 108,529.14 120,949.55 129,475.72
25,030.59 15,013.11 15,032.32 8,546.41 7,551.14 9,224.83 10,890.85
133,786.04 139,817.38 131,949.46 109,744.96 107,025.14 108,958.05 120,888.40
51,573.71 43,279.02 37,204.79 35,606.18 45,376.98 53,938.23 50,364.29
4,497,157.48 4,526,393.40 4,532,816.49 4,619,502.23 4,852,157.03 5,019,844.95 5,368,963.14
64.50 71.70 72.40 65.70 63.20 67.40 66.40
1,810,512.30 1,606,608.08 1,468,643.95 892,473.89 949,194.45 993,906.18 1,043,752.80
— -15,013.11 -7,930.92 -8,546.41 -7,551.14 -9,224.83 -10,890.85
— — — 2,422,264.08 2,595,722.61 2,834,253.88 3,079,795.16
1,388.43 4,707.11 2,891.72 2,220.05 2,306.64 2,656.94 3,149.73

757,197.34 684,995.03 396,727.62 338,558.54 361,295.44 342,972.04 406,783.18
19,205.37 18,432.94 16,094.42 13,545.41 13,426.85 14,029.27 14,479.34
8,889.08 7,708.18 6,744.77 6,310.84 6,428.99 6,842.21 6,887.09
240.45 -62.04 93.03 0.00 124.68 -62.70 172.37
17,289.49 13,787.87 14,202.79 39,386.47 12,359.25 12,148.25 14,236.45
1,497.03 4,854.45 1,728.83 -25,833.30 942.92 1,943.72 70.52
750,335.23 662,687.06 623,139.04 553,543.17 507,463.57 506,414.39 490,275.62
91.40 74.80 84.30 84.40 81.90 82.80 179.40
168,257.46 161,281.12 149,576.93 118,634.67 124,996.80 131,580.96 109,048.80
— 62.04 -85.28 0.00 -124.68 62.70 -172.37
— — — 280,861.77 309,343.64 307,155.39 370,711.40
2,186,571.60 2,132,322.50 2,022,776.10 1,721,365.80 2,015,573.40 1,887,560.20 —
-16,637.93 -17,339.53 -643.47 -3,151.54 -5,618.55 -15,322.47 -9,323.82

1,332,195.89 1,275,803.44 5,051,879.43 5,371,436.69 5,174,586.28 5,208,898.60 5,469,685.29
43,832.61 49,358.71 38,220.38 -21,230.19 11,424.12 -3,997.17 7,310.19
-5,716.62 -3,885.11 -5,504.35 9,128.59 -3,748.30 -17,156.46 -28,300.53
0.00 0.00 0.00 186.30 -1,426.07 -901.32 54.85
60,470.55 66,698.24 77,006.70 40,418.87 37,716.74 26,483.19 12,802.62
-16,746.53 -17,293.00 24,048.60 -43,725.66 -6,506.92 -9,961.57 12,465.71
11,126.70 7,606.58 6,827.84 111,221.94 85,021.26 66,973.14 62,960.10
— 135.10 130.60 116.00 176.20 439.60 -535.00
182,214.30 352,027.06 252,653.26 1,166,961.95 1,042,942.05 935,164.68 938,598.60
— 0.00 -9,062.80 -186.30 1,426.07 901.32 -54.85
— — — 95,613.34 56,982.92 19,322.04 11,146.35
1,659,313.20 1,775,643.10 1,643,021.20 1,527,518.30 1,710,893.70 1,644,762.00 —
— — — — — 50,622.93 -69,458.53
— — — — — 12,869.31 -42,074.71
-3,499,801.69 -2,560,384.30 684,186.58 — — — —
-1,357.41 -759.96 -2,674.65 12,513.01 -46.76 7,414.35 -1,230.12

-44,414.36 -47,838.79 -51,128.48 — — — —
-44,414.36 -37,788.69 — — — — —
4,216,687.02 4,207,459.99 3,871,275.70 — 4,079,958.05 4,186,913.98 4,210,054.81

3,184,702.77 3,051,578.36 2,899,172.91 — 2,941,182.52 3,088,526.25 3,382,623.67
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
1,071,427.84 394,037.69 468,214.54 — 560,290.34 480,951.91 550,735.39
-139,619.01 294,678.88 -23,257.84 -62,099.28 15,585.43 172,426.78 180,208.26
3,256,596.00 3,450,485.50 3,247,291.90 3,179,099.00 3,609,282.60 3,477,496.80 —
38,769.00 38,769.50 31,000.40 15,507.80 31,249.20 31,328.80 —
193.92 131.83 124.04 — — — —

3.40 2.40 2.30 — — — —
0.00 — 23.26 — — — —
0.00 — 0.70 — — — —
21,059.32 — — — — — —
HSBC Holdings PLC (5 HK) - Benchmark
In Millions of HKD except Per Share CY 2010 CY 2011 CY 2012
12 Months Ending 12/31/2010 12/30/2011 12/31/2012
Return on Common Equity RETURN_COM_ — — 8.06
FTSE All-Share Banks Index RETURN_COM_ 7.57 6.61 3.86
Return on Capital RETURN_ON_C — — 2.12
FTSE All-Share Banks Index RETURN_ON_CA 1.35 1.36 0.96
Operating Margin OPER_MARGIN — — 23.72
FTSE All-Share Banks Index OPER_MARGIN 16.76 20.72 14.69
Price/EPS PE_RATIO — — 14.20
FTSE All-Share Banks Index PE_RATIO 16.67 10.79 34.37
Price/Book PX_TO_BOOK_R — — 1.11
FTSE All-Share Banks Index PX_TO_BOOK_R 1.06 0.71 0.96
Price/Net Tangible Assets per Share PX_TO_TANG_B — — 1.34
FTSE All-Share Banks Index PX_TO_TANG_B 1.30 0.85 1.14
Price/Sales PX_TO_SALES_ — — 2.09
FTSE All-Share Banks Index PX_TO_SALES_ 1.99 1.53 2.11
Source: Bloomberg
CY 2013 CY 2014 CY 2015 CY 2016 CY 2017 CY 2018 CY 2019
12/31/2013 12/31/2014 12/31/2015 12/30/2016 12/29/2017 12/31/2018 12/31/2019
8.75 7.27 6.84 0.71 5.64 7.60 3.65
4.41 4.90 2.61 0.90 3.56 5.76 4.52
2.54 2.17 2.35 0.60 1.92 2.36 1.44
1.11 1.36 0.86 0.53 1.22 1.79 1.44
29.68 24.91 25.84 9.36 27.15 30.34 18.47
19.88 17.51 11.05 11.52 18.93 26.60 20.71
13.06 13.74 12.15 115.85 21.61 13.09 26.17
22.65 19.28 32.05 168.73 21.71 14.06 18.67
1.14 1.02 0.83 0.92 1.23 1.01 0.98
1.09 0.90 0.82 0.84 0.96 0.81 0.86
1.36 1.20 0.95 1.05 1.43 1.18 1.12
1.28 1.04 0.94 0.95 1.10 0.94 0.99
2.43 2.22 1.97 2.52 3.08 2.15 1.89
2.48 2.25 2.25 2.65 2.90 2.28 2.32
HSBC Holdings PLC (5 HK) - Contractual Obligations
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Debt Schedule
Net Debt NET_DEBT 2,474,463.11 1,712,814.90 2,011,753.85
Capital Leases Schedule

Capital Leases - Year 1 BS_CAPITAL_LE 831.69 761.13 627.82
Capital Leases - Years 2 - 5 BS_CAPITAL_LE 1,453.51 1,677.59 1,185.89
Capital Leases Beyond Year 5 BS_CAPITAL_L 3,031.39 2,811.51 1,519.18
Total Future Value of Capital Leases BS_TOTAL_FUT 5,316.60 2,811.51 3,332.89
Capital Lease Interest CAPITAL_LEASE 1,787.74 1,685.35 976.61
Present Value of ST Capital Leases ST_CAPITAL_LE 676.23 559.20 465.05
Present Value of LT Capital Leases LT_CAPITAL_LE 2,852.62 3,005.67 1,891.22
Total Present Value of Capital Leases BS_TOTAL_CAP 3,528.85 3,564.87 2,356.27
Operating Leases (Rental Expense) Schedule

Rental Expense - Year 1 BS_RENTAL_EX 7,329.75 8,916.06 7,487.37
Rental Expense - Years 2 - 5 BS_RENTAL_EX 20,986.56 20,767.89 19,516.77
Rental Expense Beyond Year 5 BS_RENTAL_EX 20,318.10 19,385.43 17,408.52
Gross Future Minimum Operating LeaseGROSS_FUTURE 48,797.64 49,201.41 —
Total Sublease Income BS_TOTAL_SUB -163.23 -132.03 —
Future Min Oper Lease Obligations BS_FUTURE_MI 48,634.41 49,069.38 44,412.66
Contractual Obligations Schedule
Lines of Credit
Commercial Paper
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
660,251.58 692,384.50 361,759.17 57,185.01 -82,349.45 -541,800.27 -447,325.97
457.47 — — — — — —
1,023.50 — — — — — —
1,434.45 — — — — — —
2,915.43 — — 0.00 0.00 0.00 0.00
961.47 — — — — — —
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
1,953.96 519.51 286.75 0.00 0.00 0.00 0.00
7,528.94 — — — — — —
19,485.30 — — — — — —
15,600.65 — — — — — —
— — — — — — —
— — — — — — —
42,614.88 41,653.95 41,331.28 30,185.93 30,858.59 26,903.61 0.00
HSBC Holdings PLC (5 HK) - CAPEX & Depreciation
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Depreciation Expenses IS_DEPR_EXP 13,308.01 12,221.37 11,511.44
Depr Exp / Net Sales DEPR_EXP_TO_ 1.88 1.59 1.63
Capital Expenditures CF_CAP_EXPEN -19,678.45 -11,715.39 -10,223.77
CAPEX/Sales CAP_EXPEND_T 2.79 1.52 1.45
CAPEX/Total Assets CAP_EXPEND_T 0.11 0.06 0.05
Total Capital Expenditures - 1 Yr Growth TOT_CAP_EXP 26.65 -40.58 -12.43
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
10,580.02 10,717.01 9,838.06 6,031.39 5,423.73 8,770.25 23,599.45
1.63 1.70 1.63 1.22 1.03 1.47 3.60
-15,140.91 -11,453.70 -10,481.53 -8,934.53 -9,094.10 -9,373.75 -10,522.60
2.33 1.82 1.74 1.81 1.73 1.57 1.60
0.07 0.06 0.05 0.05 0.05 0.05 0.05
48.10 -24.33 -8.46 -14.87 1.39 2.49 12.29
HSBC Holdings PLC (5 HK) - Overview
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
Accounting Standard ACCOUNTING_S IAS/IFRS IAS/IFRS IAS/IFRS
Number of Employees NUM_OF_EMPL 268,795.00 257,600.00 264,000.00
Last Price PX_LAST 84.15 74.00 61.90

Shares Outstanding BS_SH_OUT 18,830.01 19,217.87 19,685.10

Interest Income INTEREST_INC 399,574.10 397,552.83 366,791.59
Net Income (Losses) NET_INCOME 125,688.14 106,146.44 104,830.82
Trailing 12M Earnings per Share TRAIL_12M_EPS 6.52 5.35 5.04
Price/T12M Earnings per Share PE_RATIO 13.06 13.74 12.15
Dividends per Share EQY_DPS 3.80 3.88 3.95

Dividend Payout Ratio DVD_PAYOUT_R 58.70 71.06 77.24
Dividend Yield DIVIDEND_12_M 4.43 5.14 6.26

Loans & Mortgages BS_LOAN_MTG 8,376,461.16 7,557,416.17 7,164,610.95
Book Value per Share BOOK_VAL_PER 74.89 72.19 74.20
Price/Book Value per Share PX_TO_BOOK_R 1.14 1.02 0.83
Net Tangible Assets per Share TANG_BOOK_VA 62.57 61.06 64.51
Assets Under Management BS_ASSETS_UN 7,141,249.80 7,397,220.60 6,944,089.60
Tier 1 Risk-Based Capital Ratio BS_TIER1_CAP_ 12.00 12.50 13.90
Cash From Operations CF_CASH_FROM 79,202.76 157,769.52 286,993.95

Cash Flow per Share CASH_FLOW_PE 4.27 8.32 14.81
Free Cash Flow CF_FREE_CASH 64,061.86 146,315.82 276,512.42
Free Cash Flow per Basic Share FREE_CASH_FL 3.46 7.72 14.27
Net Changes in Cash CF_NET_CHNG_ 240,245.54 -348,806.74 -445,294.54
Source: Bloomberg
12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
IAS/IFRS IAS/IFRS IAS/IFRS IAS/IFRS
241,000.00 229,000.00 235,217.00 235,351.00 232,764.00
62.25 79.95 64.80 60.85 31.45

19,866.31 19,995.44 20,035.57 20,313.25 20,366.09
1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75 640,560.26
394,780.67 424,601.64 448,340.97 466,300.62 390,600.06 388,082.73 383,998.85

329,972.30 320,288.36 389,402.36 428,543.08
19,243.02 84,145.73 107,586.47 57,846.85 6,282.40 24,750.11 51,762.73
0.54 3.74 4.94 2.35 -0.16 1.68 3.08
115.85 21.61 13.09 26.17 18.70 10.22
3.96 3.97 4.00 4.00 2.42 0.66 2.23

780.14 105.27 80.80 172.04 0.00 38.92 72.52
6.36 4.97 6.17 6.58 2.49
18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96 22,653,145.90

6,680,015.87 7,522,963.66 7,688,839.41 8,075,398.58 7,895,287.09
16,999,712.39 18,155,003.97 18,514,341.78 19,648,132.37 21,140,085.54
1,415,691.55 1,545,827.61 1,521,397.02 1,500,729.59 1,513,060.36
68.45 65.64 64.07 62.54 63.22 64.50 65.37
0.92 1.23 1.01 0.98 0.50 0.49 0.48
60.12 56.48 54.54 54.80 55.82
6,443,490.90 7,366,998.90 7,041,147.80 3,941,335.20 6,773,937.00
16.10 17.30 17.00 17.60 17.80
749,639.25 -100,307.82 25,284.04 340,084.33

37.95 -5.02 1.27 16.87 2.87 3.76
740,704.72 -109,401.92 15,910.29 329,561.73 -155.00 103.08
37.50 -5.48 0.80 16.35
238,205.09 489,865.62 -84,700.73 -150,191.83
HSBC Holdings PLC (5 HK) - As Reported Summary
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Income Statement
Revenues
Total Interest Income ARD_TOTAL_IN 453,272.48 490,450.45 439,839.33
Expenses
Total Interest Expense - Consolidated ARD_TOTAL_IN 146,861.99 173,924.84 147,616.35
Total Operating Expenses ARD_TOTAL_OP 292,791.73 323,399.16 332,986.19
Earnings
Operating Income ARD_OPERATIN 128,341.10 144,850.44 132,583.22
Net Income ARD_NET_INC 102,230.06 130,753.05 108,807.91
Balance Sheet
Assets
Total Assets ARD_TOT_ASSE19,079,806.66 19,848,159.86 20,869,592.78
Liabilities
Total Liabilities ARD_TOT_LIABIL17,875,683.35 18,558,181.97 19,450,178.22
Stockholder Equity
Total Shareholders Equity ARD_TOTAL_SH 1,147,786.06 1,289,977.89 1,419,414.57
Total Liabilities and Shareholders EquitARD_TOT_LIAB 19,079,806.66 19,848,159.86 20,869,592.78
Cash Flows
Cash From Operating Activities
Total Cash Flows From Operations ARD_TOT_CASH 433,050.21 620,892.13 -71,023.40
Cash From Investing Activities
Total Cash Flows From Investing ARD_TOT_CASH -271,699.35 -77,305.98 43,850.51
Total Cash Flows From Financing ARD_TOT_CASH 10,891.90 -78,512.55 -63,855.90
Net Change In Cash ARD_NET_CHAN 181,091.47 399,903.35 -78,664.08
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
397,076.48 395,141.12 365,838.02 329,234.87 319,462.33 388,814.54 428,543.08
121,414.25 126,014.00 113,637.79 97,814.13 99,894.81 149,854.54 189,868.99

299,063.93 319,873.93 308,305.88 309,006.03 271,841.05 271,642.71 331,810.42
156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71

125,688.14 106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
19,236,084.51 18,874,240.98 17,144,290.71 16,999,712.39 18,155,003.97 18,514,341.78 19,648,132.37
1,476,780.99 1,550,609.41 1,530,784.25 1,415,691.55 1,545,827.61 1,521,397.02 1,500,729.59

20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
348,869.13 -165,733.61 -8,698.43 535,288.05 -81,652.06 254,838.94 233,040.62
-51,077.29 -38,471.10 -301,669.65 -116,901.90 510,866.99 -130,464.37 -276,721.54
-54,148.91 -14,485.79 -27,731.09 -69,225.18 -81,433.87 -131,522.44 -116,289.17

240,245.54 -348,806.74 -445,294.54 349,160.98 347,781.06 -7,147.87 -159,970.09
HSBC Holdings PLC (5 HK) - Dividend Summary
12 Months Ending 12/31/2012 12/31/2013 12/31/2014
Dividends per Share EQY_DPS 3.49 3.80 3.88
Dividends per Share - 5 Yr Geo Growth GEO_GROW_DV -9.91 -2.56 8.02
Dividend Yield DIVIDEND_12_M 3.91 4.43 5.14
Cash Dividend Coverage CASH_DVD_CO 1.63 1.70 1.41
Dividends Paid CF_DVD_PAID -45,960.42 -49,750.91 -51,266.37
Total Cash Preferred Dividends IS_TOT_CASH_ 698.13 698.10 697.92
Total Cash Common Dividends IS_TOT_CASH_ 64,080.86 71,174.67 72,273.87
Trailing 12M Preferred Dividends TRAIL_12M_PFD 698.13 698.10 697.92
Trailing 12M Common Dividends TRAIL_12M_CO 64,080.86 71,174.67 72,273.87
Trailing 12M Dividends Per Share TRAIL_12M_DV 3.49 3.80 3.88
Source: Bloomberg
12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021
3.95 3.96 3.97 4.00 4.00 0.66 2.23
7.21 4.46 2.53 0.80 0.40
6.26 6.36 4.97 6.17 6.58
77.24 780.14 105.27 80.80 172.04 38.92 72.52
1.29 0.13 0.95 1.24 0.58
-50,764.11 -71,080.39 -70,173.39 -84,348.04 -76,572.84
697.74 698.62 701.34 705.38 705.16
75,277.87 78,664.27 79,431.14 79,841.43 80,459.07
697.74 698.62 701.34 705.38 705.16
75,277.87 78,664.27 79,431.14 79,841.43 80,459.07
3.95 3.96 3.97 4.00 4.00
HSBC Holdings PLC (5 HK) - Sources of Capital
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Net Change Short Term Debt NET_CHNG_ST_ 142,125.65 -258,418.08 263,360.08
Net Change Long Term Debt NET_CHNG_LT_ 10,990.74 -133,344.76 -98,273.66
Net Change Total Deposits NET_CHNG_TOT 533,921.40 203,484.92 667,267.23
Net Change in Other Liabilities NET_CHNG_SRC -157,375.88 886,075.86 101,056.23
Net Change in Liabilities NET_CHANGE_LI 551,736.66 696,757.22 929,511.18
Net Change in Liabilities % of Total INCR_IN_LIAB_ 78.66 88.92 87.56
Reinvested Earnings REINVEST_EAR 52,361.93 73,040.18 44,028.92

External Equity Financing EXTERN_EQY_F — 12,900.32 84,151.52
Net Change in Total Equity NET_CHANGE_T 149,657.49 86,815.05 132,044.33
Increase In Equity % of Total INCR_IN_EQY_ 21.34 11.08 12.44
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
-587,389.12 303,898.60 -767,608.65 203,175.44 638,241.47 -608,084.18 -187,797.61
-123,161.36 -80,989.49 -84,941.10 -191,924.53 -19,741.68 183,328.31 166,501.94
1,107,227.13 -1,024,832.96 -473,190.11 -133,367.08 719,325.33 -14,246.77 595,655.70
-612,302.08 449,167.92 -395,913.86 -31,248.22 -305,187.50 755,031.91 666,662.05
-221,370.99 -362,091.62 -1,720,700.45 -152,984.45 1,027,254.95 313,092.20 1,235,437.22
134.54 125.60 98.90 56.91 89.58 109.96 101.01
53,815.37 33,174.64 28,855.22 -60,119.87 4,013.25 27,039.65 -23,317.38

-2,706.08 31,302.49 -46,957.86 -55,409.37 110,067.49 -58,326.39 5,281.08
56,835.35 73,809.37 -19,065.25 -115,843.27 119,473.50 -28,368.23 -12,314.73
-34.54 -25.60 1.10 43.09 10.42 -9.96 -1.01
HSBC Holdings PLC (5 HK) - Comprehensive Income
12 Months Ending 12/31/2011 12/31/2012 12/31/2013
Net Income NET_INCOME 130,753.05 108,807.91 125,688.14
+ Foreign Curr Transl Adj - Other Comp IS_FOREIGN_C -22,302.05 7,888.90 -11,200.55
+ Unrealized Gain (Loss) IS_UNREALIZED 9,566.92 43,866.03 -22,463.15
+ Pension Related Adjust Other ComprehIS_OTHER_COM 9,862.72 -1,512.62 -3,552.53
+ Oth Adj-Oth Comp Inc IS_OTHER_ADJ -5,526.86 13,450.70 1,458.24
+ Inc Tax Exp-Oth Comp Inc IS_INC_TAX_E -1,580.21 -3,692.35 8,144.44
Comprehensive Income IS_COMPREHEN 120,773.57 168,808.57 98,074.60
Basic Comprehensive EPS IS_COMPREHEN 6.57 9.07 5.05

Basic EPS IS_EPS 7.16 5.74 6.52
Source: Bloomberg
12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020
106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85 6,282.40
-69,311.58 -86,147.03 -61,299.75 69,659.08 -56,085.73 8,179.89
24,210.20 -27,459.75 -3,500.85 -18,195.99 28,097.73 -15,748.63
15,393.09 1,007.84 -652.04 26,806.94 -3,040.98 -133.20
— 6,806.79 1,436.05 -1,519.58 54.86 12,747.78
-4,063.47 4,527.53 -155.25 -4,815.90 -4,490.93 1,762.91
72,374.68 3,566.20 -44,928.83 156,080.28 72,121.42 64,655.59
3.58 -0.20 -2.74 7.38 3.18 2.66

5.35 5.04 0.54 3.74 4.94 2.35 -0.16
18,960.00 19,380.00 19,753.00 19,972.00 19,896.00 20,158.00 20,162.00
HSBC Holdings PLC (5 HK) - Overview
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
ESG Disclosure Score ESG_DISCLOSU 46.05 46.93 49.12
Environmental
Environmental Disclosure Score ENVIRON_DISC 40.18 39.29 43.75
Total CO2 Emissions TOTAL_CO2_EM 875.00 833.00 825.00
CO2 Intensity per Energy CO2_INTENSITY 0.49 0.49 0.52
Total GHG Emissions TOTAL_GHG_EM — — —
Total Energy Consumption ENERGY_CONS 1,789.00 1,690.00 1,588.00

Total Water Use TOTAL_WATER_ 4,770.00 4,773.00 3,977.00
Total Waste TOTAL_WASTE 66.00 61.00 53.00
Paper Consumption PAPER_CONSUM — — 40.00
Social
Social Disclosure Score SOCIAL_DISCL 45.00 45.00 45.00
Number of Employees NUMBER_EMPL 295,061.00 288,316.00 270,000.00
Employee Turnover Pct EMPLOYEE_TUR 18.60 19.70 23.40
Pct Women in Workforce PCT_WOMEN_E 60.00 61.00 53.00
% Women in Mgt PCT_WOMEN_M 32.00 33.00 22.00
Fatalities - Contractors FATALITIES_C — — —

Fatalities - Employees FATALITIES_EM 0.00 0.00 0.00
Fatalities - Total FATALITIES_TO — — —
Community Spending COMMUNITY_SP 836.70 748.07 930.84
Governance
Governance Disclosure Score GOVNCE_DISCL 58.93 64.29 64.29
Size of the Board BOARD_SIZE 18.00 17.00 16.00
Indep Directors INDEPENDENT_ 12.00 14.00 13.00
% Indep Directors PCT_INDEPEND 66.67 82.35 81.25
Board Duration (Years) BOARD_DURATI — 1.00 1.00
# Board Meetings BOARD_MEETIN 9.00 7.00 8.00
Board Mtg Attendance BOARD_MEETIN 91.80 89.25 96.35
Political Donations POLITICAL_DON — — —
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
51.32 47.37 40.35 43.86 53.51 53.95 53.95
43.75 41.07 31.25 33.93 48.21 46.43 46.43

753.00 633.00 662.00 669.00 619.00 576.00 527.00
0.51 0.47 0.50 0.54 0.55 0.53 0.50
— — — — 555.13 512.97 474.36
1,480.00 1,356.00 1,317.00 1,250.00 1,134.00 1,091.00 1,049.00

3,437.00 3,330.00 2,885.00 2,841.00 2,691.00 2,425.00 2,400.00
39.00 34.00 31.00 26.00 25.00 23.00 21.00
28.00 — — — — — —
50.00 45.00 46.67 46.67 51.67 51.67 51.67

263,000.00 266,000.00 266,943.00 241,307.00 234,629.00 240,667.00 240,958.00
19.00 — 15.90 18.30 14.30 14.50 14.30
52.00 52.20 52.00 52.00 52.00 52.00 52.00
23.00 23.60 24.00 25.00 27.00 28.00 29.40
— — — — — — 1.00
0.00 — — — — — 0.00
— — — — 2.00 1.00 1.00
1,061.88 884.04 1,670.69 1,063.45 1,064.48 808.05 789.78
67.86 62.50 51.79 60.71 66.07 71.43 71.43

16.00 16.00 19.00 19.00 17.00 14.00 14.00
13.00 12.00 15.00 15.00 14.00 11.00 11.00
81.25 75.00 78.95 78.95 82.35 78.57 78.57
1.00 1.00 1.00 1.00 1.00 1.00 1.00
7.00 8.00 7.00 8.00 8.00 9.00 8.00
99.73 99.25 100.00 96.23 95.17 95.74 95.57
— — — — — — 0.00
HSBC Holdings PLC (5 HK) - Environmental
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Disclosure
Percent of Disclosure PERCENT_OF_D 94.00 95.00 92.00
GRI Criteria Compliance GRI_COMPLIAN Yes Yes Yes
Global Reporting Initiatives Checked GRI_CHECKED No No No
Verification Type VERIFICATION_ Yes Yes Yes
Emissions
GHG Scope 1 GHG_SCOPE_1 — — —
GHG Scope 2 GHG_SCOPE_2 — — —
GHG Scope 2 Market-Based SCOPE_2_MKT_ — — —
Total GHG Emissions TOTAL_GHG_EM — — —
Total Market Based GHG Emissions TOT_MKT_BASE — — —
GHG Scope 3 GHG_SCOPE_3 142.00 158.00 138.00
Travel Emissions TRAVEL_EMISS 142.00 158.00 138.00
Total CO2 Emissions TOTAL_CO2_EM 875.00 833.00 825.00
Energy
Total Energy Consumption ENERGY_CONS 1,789.00 1,690.00 1,588.00
Electricity Used ELECTRICITY_U 1,520.00 1,476.00 1,408.00
Water
Total Water Use TOTAL_WATER_ 4,770.00 4,773.00 3,977.00
Total Water Withdrawal TOTAL_WATER_ 4,770.00 4,773.00 3,977.00
Waste Management
Total Waste TOTAL_WASTE 66.00 61.00 53.00
Waste Recycled WASTE_RECYC 41.00 39.00 34.00
Waste Sent to Landfills WASTE_SENT_T — — 19.00
Material
Paper Consumption PAPER_CONSUM — — 40.00
Spills and Fines
Environmental Fines
Investments/Costs
Environmental Accounting Cost ENVIRONMENTA 334.06 210.18 —
Certified Sites
Number of Sites NUMBER_OF_SI — — —
Operational Policy
Renewable Electricity Target Policy RENEWABLE_EL n/a n/a n/a
Energy Efficiency Policy ENERGY_EFFIC Yes Yes Yes
Emissions Reduction Initiatives EMISSION_RED Yes Yes Yes
Environmental Supply Chain ManagementENVIRON_SUPP Yes Yes Yes
Environmental Quality Management PolicENVIRON_QUAL No No No
Green Building Policy GREEN_BUILDI No No Yes
Sustainable Packaging SUSTAIN_PACK No No No
Waste Reduction Policy WASTE_REDUCT Yes Yes Yes
Water Policy WATER_POLICY No No No
Biodiversity Policy BIODIVERSITY_ No No No
Climate Change Policy CLIMATE_CHG_ Yes Yes Yes
New Products - Climate Change CLIMATE_CHG_ Yes No No
Climate Change Opportunities Discussed CLIMATE_CHG_ No No No
Risks of Climate Change Discussed CLIMATE_RISKS No Yes Yes
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
43.75 41.07 31.25 33.93 48.21 46.43 46.43
92.00 93.00 91.00 92.00 93.00 93.00 94.00

Yes No No No No Yes No
No No No No No No No
Yes Yes No No Yes Yes Yes
— — — — 27.65 26.40 28.03

— — — — 527.49 486.57 446.33
— — — — 395.75 361.77 344.22
— — — — 555.13 512.97 474.36
— — — — 423.40 388.18 372.25
136.00 119.00 109.00 88.00 107.00 122.00 116.00
136.00 119.00 109.00 88.00 107.00 122.00 116.00
753.00 633.00 662.00 669.00 619.00 576.00 527.00
1,480.00 1,356.00 1,317.00 1,250.00 1,134.00 1,091.00 1,049.00

1,309.00 1,204.00 1,151.00 1,091.00 1,005.00 960.00 914.00
3,437.00 3,330.00 2,885.00 2,841.00 2,691.00 2,425.00 2,400.00

3,437.00 3,330.00 2,885.00 2,841.00 2,691.00 2,425.00 2,400.00
39.00 34.00 31.00 26.00 25.00 23.00 21.00

24.00 21.00 19.00 18.00 16.00 14.00 13.00
15.00 14.00 12.00 8.00 8.00 8.00 8.00
28.00 — — — — — —
— — — — — — —
— — — — 3,900.00 — —
No No Yes Yes Yes Yes Yes

Yes Yes Yes Yes Yes Yes Yes
Yes Yes No No No No No
No No No No Yes Yes Yes
Yes Yes No Yes Yes Yes Yes
HSBC Holdings PLC (5 HK) - Social
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Employees
Number of Employees NUMBER_EMPL 295,061.00 288,316.00 270,000.00
Number of Part-Time Employees NUMBER_OF_PA 25,174.00 24,734.00 22,680.00
Number of Temporary Employees NUMBER_OF_T 3,070.00 2,384.00 1,890.00
Employee Turnover Pct EMPLOYEE_TUR 18.60 19.70 23.40
Employee Diversity
Pct Women in Workforce PCT_WOMEN_E 60.00 61.00 53.00
Pct Women in Middle and or Other ManagPCT_WOMEN_IN — — —
% Women in Mgt PCT_WOMEN_M 32.00 33.00 22.00
Gender Pay Gap

Gender Pay Gap Breakout GENDER_PAY_G n/a n/a n/a
Employee Training
Total Hours Spent by Firm - Employee TraTOT_HRS_SPEN — — —
Safety
Total Recordable Incident Rate - Employe TOTAL_RECORD — — 0.38
Fatalities - Total FATALITIES_TO — — —

Fatalities - Employees FATALITIES_EM 0.00 0.00 0.00
Fatalities - Contractors FATALITIES_C — — —
Supply Chain
Social Supply Chain Management SOCIAL_SUPPL No Yes Yes
Sustain Sup Guidelines Encomp ESG AreaSUS_SUP_GDL_ No Yes Yes
Community & Customers

Corporate Cash Giving CORPORATE_CA — — —
Community Spending COMMUNITY_SP 836.70 748.07 930.84
Policy
Anti-Bribery Ethics Policy ANTI-BRIBERY_ Yes Yes Yes
Business Ethics Policy ETHICS_POLICY No No No
Employee CSR Training EMPLOYEE_CSR Yes Yes Yes
Employee Protection / Whistle Blower PoliEMP_PROT_WHI No No No
Equal Opportunity Policy EQUAL_OPPORT Yes Yes Yes
Fair Remuneration Policy FAIR_REMUNER No No No
Health and Safety Policy HEALTH_SAFET Yes Yes Yes
Human Rights Policy HUMAN_RIGHTS No No No
Training Policy TRAINING_POLI Yes Yes Yes
Policy Against Child Labor POLICY_AGAINS n/a n/a No
Consumer Data Protection Policy CONSUMER_DAT n/a n/a n/a
UN Global Compact Signatory UN_GLOBAL_CO Yes Yes Yes

SDGs Target Policy SUSTAIN_DEV_ n/a n/a n/a
PRI Signatory UN_PRI_SIGNA Yes Yes Yes
Equator Principles Signatory EQUATOR_PRIN Yes Yes Yes
SRI Assets Under Management SRI_ASSETS_U — — —
Bloomberg Gender-Equality Index

BGEI Disclosure Score BGEI_DISCLSR — — —
BGEI Data Excellence Score BGEI_DATA_EX — — —
BGEI Female Leadership Score BGEI_FEMLE_L — — —
BGEI Equal Pay Score BGEI_EQUAL_P — — —
BGEI Inclusive Culture Score BGEI_INCLSVE — — —
BGEI Sexual Harassment Policy Score BGEI_SEXL_HA — — —
BGEI Pro Women Brand Score BGEI_PROWOM — — —
% Women of Top 10% Compensated PCT_WOMEN_TO — — —

% Women of Entry Level Positions PCT_ENTRY_LE — — —
% Women Promoted of Total Promotions WOMEN_PROMO — — —
% Women of New Hires PCT_WOMEN_N — — —
% Women of Employee Exits PCT_WOMEN_AT — — —
Female Employee Retention Rate EMPLYEE_RETN — — —
Male Employee Retention Rate EMPLYEE_RETN — — —
CDO or Equivalent Executive HAS_CDO_OR_E n/a n/a n/a
% Female US Emplyee Base Multcltrl PCT_FML_US_E — — —
% Multicultural Women of US Employees PCT_MULTCULT — — —
Strategy for Recruiting Women HAS_STRATEGY n/a n/a n/a
Action Plan to Increase Women in LeadersFEMLE_LEADRS n/a n/a n/a
Conduct Gender Based Compensation ReCONDUCT_GEN n/a n/a n/a

% Women in the Top Pay Quartile PCT_WOMEN_TO — — —
% Women in the Upper Middle Pay QuartilPCT_WOMEN_UP — — —
% Women in the Lower Middle Pay QuartilPCT_WOMEN_LO — — —
% Women in the Lower Pay Quartile PCT_WOMEN_LO — — —
Mean Gender Pay Gap MEAN_GNDR_P — — —
Median Gender Pay Gap MEDIAN_GNDR_ — — —
Action Plan to Close Gender Pay Gap GENDR_PAY_GA n/a n/a n/a
US Paid Primary Parental Leave Offered (NUM_WEEKS_PD — — —

US Paid Primary Parental Leave Used (weAVG_WEEKS_PA — — —
US Paid Secondary Parental Leave OffereNUM_WEEKS_PD — — —
US Paid Secondary Parental Leave Used AVG_WEEKS_PA — — —
Onsite Lactation Rooms ONSTE_LACTTN n/a n/a n/a
Provides Adoption Assistance PROVIDES_ADO n/a n/a n/a
Covers Fertility Services COVERS_FERTIL n/a n/a n/a
Covers Egg Freezing COVERS_EGG_F n/a n/a n/a
Covers Contraception COVERS_CONTR n/a n/a n/a
Covers Gender Reassignment Services COVERS_GENDE n/a n/a n/a
Child Care Backup or Subsidies PROVIDES_CAR n/a n/a n/a
Elder Care Backup or Subsidies Policy ELDR_CR_BACK n/a n/a n/a
Offers Flexible Work Schedule OFFERS_FLEXI n/a n/a n/a
Offers Flexible Work Location OFFERS_FLEXI n/a n/a n/a
Employee Engagement Survey EMPLYEE_ENG n/a n/a n/a
Employee Groups for Women HAS_EMPLOYE n/a n/a n/a
Requires Gender Diverse Candidates REQ_GENDER_D n/a n/a n/a
Manager DI Goals Performance Reviews MANAGER_DI_G n/a n/a n/a
Unconscious Bias Manager Training UNCONSCIOUS_ n/a n/a n/a
Public Policy Condemning Workplace SexPUB_SEXL_HRS n/a n/a n/a

Frequency of Employee Sexual-Harassment
SEXL_HRSSMNT — — —
Investigator for Sexual Harassment INVESTIGATOR n/a n/a n/a
Prohibits Nondisclosure Agreements Unle PROHBTS_NOND n/a n/a n/a
Requires Private Arbitration for Sexual H REQ_PVT_ARBT n/a n/a n/a
Evaluates Advertising & Mktg for Gender BEVALUATE_AD_ n/a n/a n/a
Supplier Diversity Program HAS_SUPPLIER n/a n/a n/a
Products for Women's Health & Well-beingOFFERS_PROD n/a n/a n/a
Recruiting Women After Career Break RCRTNG_WMN_ n/a n/a n/a
Tracks Gender % of Clients TRACKS_GENDE n/a n/a n/a
Customer Satisfaction by Gender CUST_SATISFA n/a n/a n/a
Tracks Retention of Female Clients TRACKS_RETEN n/a n/a n/a
Resources for Female Clients ALLOCATED_RE n/a n/a n/a
Products for Women Owned Businesses OFFERS_FINL_ n/a n/a n/a
Tracks Repayment Rates by Gender TRACKS_REPAY n/a n/a n/a
External Financial Education Prgms for SPONSORS_FI n/a n/a n/a
External Health Education Prgms for WomSPONSORS_HE n/a n/a n/a
External STEM Education Programs for SPNSR_STEM_ n/a n/a n/a
Donates to Gender Equality OrganizationsDONATES_TO_G n/a n/a n/a
UN Women's Empowerment Principals SigUN_WOMN_EMP n/a n/a n/a
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
50.00 45.00 46.67 46.67 51.67 51.67 51.67
263,000.00 266,000.00 266,943.00 241,307.00 234,629.00 240,667.00 240,958.00

21,040.00 — — — — — —
2,630.00 — — — — — —
19.00 — 15.90 18.30 14.30 14.50 14.30
52.00 52.20 52.00 52.00 52.00 52.00 52.00

— — — — — 46.50 —
23.00 23.60 24.00 25.00 27.00 28.00 29.40
n/a n/a No No Yes Yes Yes
7,904,000.00 — — — — 6,200,000.00 6,500,000.00
0.36 — — — — — —
— — — — 2.00 1.00 1.00

0.00 — — — — — 0.00
— — — — — — 1.00

— — 1,592.39 — 1,064.48 808.05 789.78

1,061.88 884.04 1,670.69 1,063.45 1,064.48 808.05 789.78

Yes Yes No No No No No
n/a n/a n/a n/a Yes Yes Yes

n/a n/a No No No No No
Yes Yes No Yes Yes Yes Yes
— — — — 1,562.46 8,615.42 8,568.12
— — — — — 91.78 —
— — — — — 57.67 —
— — — — — 40.00 —
— — — — — 75.00 —
— — — — — 52.17 —
— — — — — 60.00 —
— — — — — 72.73 —
— 23.00 — — — — —
— — — — — 49.00 —
— — — — — 51.81 —
— — — — — 50.07 —
— — — — — 51.13 —
— — — — — 86.49 —
— — — — — 85.97 —
n/a Yes n/a n/a Yes Yes n/a
— — — — — 46.94 —
— — — — 23.80 23.00 —
n/a Yes n/a n/a n/a No n/a
n/a n/a n/a n/a n/a Yes n/a
n/a n/a n/a n/a n/a No n/a

— — — — — 40.00 —
— — — — — 53.00 —
— — — — — 54.00 —
— — — — — 53.00 —
— — — — — 34.00 —
— — — — — 17.00 —
— 12.00 — — 12.00 12.00 —

— — — — — 12.00 —
— 2.00 — — 2.00 2.00 —
— — — — — 2.00 —
n/a No n/a n/a n/a No n/a
n/a Yes n/a n/a No Yes n/a
n/a Yes n/a n/a No Yes n/a
n/a Yes n/a n/a n/a Yes n/a
n/a n/a n/a n/a Yes Yes n/a
n/a Yes n/a n/a Yes No n/a

— — — — — 0.00 —

n/a Yes n/a n/a n/a Yes n/a
n/a No n/a n/a n/a Yes n/a
n/a n/a n/a n/a Yes Yes n/a
HSBC Holdings PLC (5 HK) - Governance
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Board Structure
Size of the Board BOARD_SIZE 18.00 17.00 16.00
Unitary or Two Tier Board System UNITARY_OR_T — 1.00 1.00
# Employee Representatives on Board NUM_EMP_REPR — 0.00 0.00
Classified Board System CLASSIFIED_B n/a No No
Board Independence
# Non Exec Dir on Board NUM_OF_NONEX — 14.00 13.00
% Non Exec Dir on Board PCT_OF_NON_E — 82.35 81.25
# Independent Directors INDEPENDENT_ 12.00 14.00 13.00
% Independent Directors PCT_INDEPEND 66.67 82.35 81.25
CEO Duality CEO_DUALITY No No No
Independent Chairperson INDEPENDENT_ No No No
Independent Lead Director INDEPENDENT_ n/a Yes Yes
Presiding Director PRESIDING_DI n/a No No
Former CEO or its Equivalent on Board FORMER_CEO_O n/a Yes No
Board & Exec Diversity

# Women on Board NUMBER_OF_W — 4.00 4.00
% Women on Board PCT_WOMEN_O 16.67 23.53 25.00
Female Chief Executive Officer or Equival FEMALE_CEO_O n/a No No
Female Chairperson or Equivalent FEMALE_CHAIR n/a No No
# Executives / Company Mgrs NUM_EXECUTIV — 10.00 15.00
CEO or Equivalent Appointed from Within CEO_OR_EQUIV n/a Yes Yes
# Female Executives NUMBER_OF_FE — 1.00 1.00
% Female Executives PERCENTAGE_O — 10.00 6.67
Age of the Youngest Director AGE_OF_YOUNG — 50.00 51.00
Age of the Oldest Director AGE_OF_OLDES — 70.00 72.00
Board of Directors Age Range BOARD_OF_DIR — 20.00 21.00
Board Average Age BOARD_AVERA 58.87 60.00 56.50
Board Duration (Years) BOARD_DURATI — 1.00 1.00

Executive Director Board Duration EXECUTIVE_DI — 1.00 1.00
Board Meetings
# Board Meetings BOARD_MEETIN 9.00 7.00 8.00
Board Meeting Attendance % BOARD_MEETIN 91.80 89.25 96.35
Independent Directors Board Meeting Att IND_DIRECTOR 88.79 88.59 96.05
# Dir Attending Less than 75% of Mtgs NUM_DIR_ATTE — 0.00 0.00
Audit Committee
Size of Audit Committee SIZE_OF_AUDIT — 4.00 4.00
# Independent Dir on Audit Cmte NUM_IND_DIR_ — 4.00 4.00
% Independent Dir on Audit Cmte PCT_IND_DIRE — 100.00 100.00
Independent Audit Committee Chairperso IND_AUDIT_CO n/a Yes Yes
# Non Exec Dir on Audit Cmte NUM_OF_NON_E — 4.00 4.00
Audit Committee Meetings AUDIT_COMMIT 6.00 7.00 5.00
Audit Committee Meeting Attendance Per AUDIT_COMMIT — 82.14 100.00
Compensation Committee
Size of Compensation Committee SIZE_OF_COMP — 4.00 3.00
# Independent Dir on Comp Cmte NUM_IND_DIR_ — 4.00 3.00
% Independent Dir on Comp Cmte PCT_IND_DIRE — 100.00 100.00
Independent Compensation Committee ChIND_COMP_CMT n/a Yes Yes
# Non Exec Dir on Comp Cmte NUM_OF_N_EXE — 4.00 3.00
# Comp Committee Meetings NUM_COMPENS — 9.00 8.00
Compensation Committee Meeting Attend COMPENSATION — 94.44 95.83
Outside Compensation Advisors Appointe OUTSIDE_COMP n/a No No
Executive Compensation Consultant SrvcsEXEC_COM_CON — — —
Executive Comp Advisory Fees Pd to ComEXEC_COMP_AD — — —
Nomination Committee
Size of Nomination Committee SIZE_OF_NOMI — 5.00 4.00
# Independent Dir on Nom Cmte NUM_IND_DIR_ — 5.00 4.00
Pct of Ind Directors on Nomination CommiPCT_OF_IND_D — 100.00 100.00
Independent Nomination Committee ChairIND_NOMINATI n/a Yes Yes
# Non Exec Dir on Nom Cmte NUM_OF_NON_E — 5.00 4.00
# Nom Cmte Meetings NUM_OF_NOMIN — 4.00 4.00
Nomination Committee Meeting AttendancNOMINATION_C — 95.00 93.75
CSR/Sustainability Committee CSR_SUSTAINAB n/a Yes Yes
Board & Exec Activities

Non-Executive Director with Responsibilit NONEXEC_DIR_ n/a No No
Executive Director with Responsibility for EXEC_DIR_WIT n/a No No
Executive Compensation Linked to ESG ESG_LINKED_B No No No
ESG Linked Compensation for Board ESG_LINKED_C No No No
Clawback Provision for Executive CompenCLAWBACK_PRO n/a Yes Yes
Chg of Ctrl Benefits/Golden Parachute Ag CHG_OF_CTRL_ n/a No No
Political Donations POLITICAL_DON — — —
Shareholder Rights
Dual Class Unequal Voting Rights - Com DUAL_CLASS_U n/a No No
AGM Voting Results

Say On Pay Provision SAY_ON_PAY_P Yes Yes Yes
Frequency of Say on Pay Votes FREQUENCY_OF 1.00 1.00 1.00
Say on Pay Support Level SAY_PAY_SUPP 81.26 89.80 89.00
Say on Pay Number of Votes FOR SAY_PAY_NUMB 6,652.05 7,603.84 8,304.77
Say on Pay Number of Votes AGAINST SAY_PAY_NUMB 1,533.87 863.31 1,026.75
Say On Pay Number of Votes - ABSTAIN SAY_ON_PAY_N 345.80 342.95 399.76
Auditor Ratification AUDITOR_RATIF Yes Yes Yes
Auditor Ratification Number of Votes - FO AUDITOR_RATIF 8,471.11 8,658.88 9,441.33
Auditor Ratification Number of Votes - A AUDITOR_RATI 34.54 145.18 206.45
Auditor Ratification Number of Votes - A AUDIT_RATIF_# 27.60 16.77 86.36
Years Auditor Employed YEARS_AUDITO — 21.00 22.00
Director Compensation
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
67.86 62.50 51.79 60.71 66.07 71.43 71.43
16.00 16.00 19.00 19.00 17.00 14.00 14.00

1.00 1.00 1.00 1.00 1.00 1.00 1.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
13.00 12.00 15.00 16.00 14.00 11.00 11.00

81.25 75.00 78.95 84.21 82.35 78.57 78.57
13.00 12.00 15.00 15.00 14.00 11.00 11.00
81.25 75.00 78.95 78.95 82.35 78.57 78.57
4.00 6.00 8.00 6.00 5.00 5.00 5.00

25.00 37.50 42.11 31.58 29.41 35.71 35.71
13.00 11.00 16.00 16.00 18.00 18.00 18.00
1.00 2.00 1.00 1.00 2.00 2.00 3.00
7.69 18.18 6.25 6.25 11.11 11.11 16.67
52.00 48.00 49.00 50.00 51.00 50.00 50.00
72.00 73.00 74.00 71.00 71.00 69.00 70.00
20.00 25.00 25.00 21.00 20.00 19.00 20.00
60.75 59.31 60.53 60.95 61.76 60.57 60.86
1.00 1.00 1.00 1.00 1.00 1.00 1.00

1.00 1.00 1.00 1.00 1.00 1.00 1.00
7.00 8.00 7.00 8.00 8.00 9.00 8.00
99.73 99.25 100.00 96.23 95.17 95.74 95.57
95.51 99.01 100.00 95.27 93.91 94.73 95.50
0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.00 3.00 4.00 4.00 4.00 4.00 4.00

4.00 3.00 4.00 4.00 4.00 4.00 4.00
100.00 100.00 100.00 100.00 100.00 100.00 100.00
4.00 3.00 4.00 4.00 4.00 4.00 4.00
5.00 7.00 7.00 8.00 8.00 13.00 10.00
100.00 96.29 100.00 93.33 100.00 100.00 97.50
4.00 3.00 3.00 4.00 4.00 4.00 4.00

4.00 3.00 3.00 4.00 4.00 4.00 4.00
100.00 100.00 100.00 100.00 100.00 100.00 100.00
4.00 3.00 3.00 4.00 4.00 4.00 4.00
12.00 11.00 10.00 9.00 7.00 8.00 7.00
97.50 95.34 100.00 95.00 96.00 93.75 96.42
No No No Yes Yes Yes Yes
— — — 1.00 1.00 1.00 1.00
— — — 168,150.00 141,729.00 285,483.00 362,456.00
4.00 5.00 5.00 6.00 4.00 11.00 11.00

4.00 5.00 5.00 6.00 4.00 11.00 11.00
100.00 100.00 100.00 100.00 100.00 100.00 100.00
4.00 5.00 5.00 6.00 4.00 11.00 11.00
4.00 4.00 5.00 7.00 7.00 5.00 7.00
100.00 100.00 92.00 97.37 93.93 100.00 97.43
Yes Yes Yes Yes Yes No No
No No No Yes Yes Yes Yes
— — — — — — 0.00

1.00 1.00 1.00 1.00 1.00 1.00 1.00
83.95 76.29 90.49 96.47 97.00 96.81 96.47
8,180.58 6,720.43 8,327.03 8,885.70 10,062.80 9,474.84 8,842.65
1,563.54 2,088.53 875.49 324.97 311.31 312.64 323.24
205.53 — 54.28 30.53 31.56 44.56 36.61
9,858.28 9,443.72 9,161.73 9,063.28 10,244.40 9,716.93 9,064.83
30.05 25.73 25.67 35.60 17.33 61.31 39.83
22.18 — 99.75 142.28 142.70 53.90 97.87
23.00 24.00 1.00 2.00 3.00 4.00 5.00
HSBC Holdings PLC (5 HK) - Exec & Dir Comp
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Executive Compensation
Total Compensation Paid TOT_COMPENSA 211.00 198.05 177.23
Total Salaries and Bonuses Paid TOT_SALARIES 178.65 157.52 87.15
Non Equity Incentives Granted TOT_N_EQTY_I — — —
Total Salaries Paid TOT_SALARIES_ 67.50 60.02 46.42
Total Bonuses Paid TOTAL_BONUSE 111.15 97.51 40.74
All Other Compensation Paid ALL_OTHER_CO 32.35 40.53 90.08
Stock Awards Granted TOT_STK_AWAR — — 54.10
Option Awards Granted TOT_OPTION_A — — —
Pension & Nonqual Defined Pension T_PEN_&_NQ_D — — 21.28
Total Other Compensation Paid TOT_OTHER_CO — — 14.68
# of Exec Changes in Fiscal Year NUM_EXECUTIV 7.00 3.00 1.00
Date of Last Executive Change DATE_OF_LAST 12/31/2010 06/28/2011 04/30/2012
# Execs Included in Compensation NUM_EXECS_IN 7.00 5.00 4.00
CEO
CEO Duality CEO_DUALITY No No No
Total Compensation Paid TOT_COMP_AW_ 58.11 82.43 92.62
Total Salaries and Bonuses Paid TOT_SAL_&_BN 47.89 72.53 39.35
Total Salaries Paid TOT_SALARIES_ 13.98 15.61 15.37
Total Bonuses Paid TOT_BONUSES_ 33.91 56.92 23.98
All Other Compensation Paid ALL_OTHER_CO 10.22 9.90 53.28
Stock Awards Granted TOT_STK_AWD_ — — 36.89
Pension & Nonqual Defined Pension T_PEN_&_NQ_D — — 7.68
Total Other Compensation Paid TOT_OTHER_CO — — 8.69
# of CEO and Equiv Changes in FY NUM_CEO_&_EQ 1.00 1.00 0.00
Date of Last CEO and Equiv Change COMP_LKD_LAS 12/31/2010 01/01/2011 01/01/2011
# CEO and Equiv Included in Comp NUM_CEOS_&_E 1.00 1.00 1.00
CEO Tenure at Fiscal Year End CEO_TENURE_A 4.67 1.00 2.00
Other C-Suite
Total Comp Paid to CFO and Equiv TOT_COMP_AW_ 38.86 23.38 47.79
Board Compensation
Total Compensation Paid TOTAL_BOD_C 26.38 39.79 45.03
Fees Paid in Cash TOTAL_BOD_FE 26.38 39.79 42.84
Stock Awards Granted TOTAL_BOD_ST — — —
# of Board Changes in Fiscal Year NUMBER_OF_BO 1.00 1.00 6.00
Date of Last Board Change DATE_OF_LAST 12/01/2010 03/01/2011 12/31/2012
# Directors Included in Comp NUM_DIR_INC_ 12.00 13.00 17.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
179.94 235.95 213.99 144.14 144.09 157.94 142.81

77.57 140.88 144.76 126.24 122.47 144.82 118.13
— — — — 0.00 — —
41.87 99.01 96.39 69.57 74.07 64.87 62.73
35.70 41.88 48.37 56.68 48.40 79.95 55.40
102.37 95.07 69.23 17.90 21.62 13.12 24.68
70.58 55.88 36.38 0.00 0.00 0.00 17.10
— — — — 0.00 — —
20.94 26.51 20.44 8.68 11.38 8.15 3.98
10.85 12.69 12.42 8.93 10.24 4.97 3.60
0.00 1.00 0.00 0.00 1.00 3.00 5.00
04/30/2012 01/01/2014 07/01/2012 07/01/2012 09/30/2017 12/31/2018 12/31/2019
3.00 4.00 4.00 4.00 4.00 4.00 4.00
97.50 97.33 86.97 59.71 61.12 72.92 49.01
37.42 54.17 47.76 48.87 50.99 66.72 44.91
15.17 37.69 34.95 13.15 29.63 30.33 29.34
22.25 16.48 12.81 35.72 21.36 36.38 15.57
60.08 43.17 39.21 10.84 10.13 6.21 4.10
44.51 26.98 23.33 0.00 — 0.00 0.00
7.59 7.98 7.41 3.95 3.77 3.76 1.84
7.99 8.20 8.47 6.61 6.37 2.45 2.26
0.00 0.00 0.00 0.00 0.00 1.00 2.00
01/01/2011 01/01/2011 07/01/2012 07/01/2012 01/01/2011 02/21/2018 08/08/2019
1.00 1.00 1.00 1.00 1.00 2.00 2.00
3.00 4.00 5.00 6.00 7.00 0.92 0.42
52.98 52.12 50.43 31.07 33.51 43.55 48.78
27.26 32.64 43.48 42.16 57.01 52.57 54.16

24.77 30.88 40.87 39.75 56.55 52.57 54.16
— — — 0.00 0.00 — —
2.00 3.00 4.00 7.00 3.00 4.00 2.00
08/06/2013 09/01/2014 12/31/2015 09/12/2016 10/01/2017 08/01/2018 04/12/2019
13.00 12.00 15.00 18.00 19.00 14.00 12.00
HSBC Holdings PLC (5 HK) - ESG Ratios
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Disclosure Scores
ESG Disclosure Score ESG_DISCLOSU 46.05 46.93 49.12
Greenhouse Gases
GHG Intensity per Sales GHG_INTENSIT — — —
GHG Scope 1 Intensity per Sales GHG_SCOPE_1_ — — —
GHG Scope 2 Intensity per Sales GHG_SCOPE_2_ — — —
GHG/CO2 Intensity / Net Fixed Assets TOT_GHG_CO2_ 9.77 9.87 10.05
GHG Intensity per Energy GHG_INTENSIT — — —
GHG Intensity per Employee GHG_INTENSIT — — —
GHG Intensity per Assets GHG_INTENSIT — — —
Scope 3 GHG per Employee TRAVEL_GHG_P 0.48 0.55 0.51
Carbon Dioxide
CO2 Intensity per Sales CO2_INTENSIT 1.24 1.08 1.17
CO2 Intensity per Energy CO2_INTENSITY 0.49 0.49 0.52
CO2 Intensity per Employee CO2_INTENSIT 2.97 2.89 3.06
CO2 Intensity per Assets CO2_INTENSIT 0.05 0.04 0.04
Travel Emissions per Sales TRAVEL_EMISS 0.20 0.21 0.20
Travel Emissions per Employee TRAVEL_CO2_P 0.48 0.55 0.51
Energy
Energy Intensity per Sales ENERGY_INTEN 2.53 2.19 2.25
Energy Intensity per Employee ENERGY_INTEN 6.06 5.86 5.88
Energy Intensity per Assets ENERGY_INTEN 0.09 0.09 0.08
Water
Water Intensity per Sales WATER_INTENS 6.75 6.20 5.63
Water Intensity per Energy WATER_INTENS 2,666.29 2,824.26 2,504.41
Water Intensity per Employee WATER_INTENS 16.17 16.55 14.73
Water Intensity per Assets WATER_INTENS 0.25 0.24 0.19
Waste
Waste Generated per Assets WASTE_GENERA 0.00 0.00 0.00
Waste Generated per Sales WASTE_GENERA 0.09 0.08 0.08
Other Environmental
Paper Consumption per Sales PAPER_CONSUM — — 0.06
Paper Consumption per Employee PAPER_CONSUM — — 0.15
Social
SRI Assets % Total AUM SRI_ASSETS_% — — —
Community Spend % PTP COMMUNITY_SP 0.57 0.44 0.58
Community Spend%Equity COMMUNITY_SP 0.07 0.06 0.07
Political Donations % PTP POL_DONATION — — —
Actual Net Income per Employee ACTUAL_NET_I 346,470.92 453,506.06 382,875.69
Actual Cash Flow per Employee CASH_FLOW_PE 1,785,908.96 2,068,195.00 -410,962.89
Actual Personnel Expenses per EmployeePERSONNEL_EX 522,273.51 571,465.70 559,314.60
Governance
Percentage of Non-Executive Directors onPCT_OF_NON_E — 82.35 81.25
Pct Independent Directors PCT_INDEPEND 66.67 82.35 81.25
% Women on Board PCT_WOMEN_O 16.67 23.53 25.00
Percentage of Female Executives PERCENTAGE_O — 10.00 6.67
Board of Directors Age Range BOARD_OF_DIR — 20.00 21.00
Board Average Age BOARD_AVERA 58.87 60.00 56.50
Board Meeting Attendance Pct BOARD_MEETIN 91.80 89.25 96.35
Independent Directors Board Meeting Att IND_DIRECTOR 88.79 88.59 96.05
Pct of Independent Directors on Audit Co PCT_IND_DIRE — 100.00 100.00
Audit Committee Meeting Attendance Per AUDIT_COMMIT — 82.14 100.00
Pct of Ind Directors on Compensation ComPCT_IND_DIRE — 100.00 100.00
Compensation Committee Meeting Attend COMPENSATION — 94.44 95.83
Pct of Ind Directors on Nomination CommiPCT_OF_IND_D — 100.00 100.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
51.32 47.37 40.35 43.86 53.51 53.95 53.95

43.75 41.07 31.25 33.93 48.21 46.43 46.43
50.00 45.00 46.67 46.67 51.67 51.67 51.67
67.86 62.50 51.79 60.71 66.07 71.43 71.43
— — — — 1.06 0.86 0.72

— — — — 0.05 0.04 0.04
— — — — 1.01 0.81 0.68
8.95 7.75 8.61 9.21 7.09 6.51 5.81
— — — — 489.54 470.19 452.20
— — — — 2.37 2.13 1.97
— — — — 0.03 0.03 0.02
0.52 0.45 0.41 0.36 0.46 0.51 0.48
1.16 1.01 1.10 1.36 1.18 0.96 0.80

0.51 0.47 0.50 0.54 0.55 0.53 0.50
2.86 2.38 2.48 2.77 2.64 2.39 2.19
0.04 0.03 0.04 0.04 0.03 0.03 0.02
0.21 0.19 0.18 0.18 0.20 0.20 0.18
0.52 0.45 0.41 0.36 0.46 0.51 0.48
2.28 2.16 2.18 2.54 2.16 1.82 1.60

5.63 5.10 4.93 5.18 4.83 4.53 4.35
0.07 0.07 0.07 0.07 0.06 0.05 0.05
5.29 5.30 4.79 5.77 5.13 4.05 3.66

2,322.30 2,455.75 2,190.58 2,272.80 2,373.02 2,222.73 2,287.89
13.07 12.52 10.81 11.77 11.47 10.08 9.96
0.17 0.16 0.15 0.15 0.14 0.12 0.11
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.06 0.05 0.05 0.05 0.05 0.04 0.03
0.04 — — — — — —
0.11 — — — — — —
— — — — 0.02 0.12 0.22

0.61 0.61 1.14 1.93 0.80 0.52 0.76
0.07 0.06 0.11 0.08 0.07 0.05 0.05
— — — — — — 0.00
467,598.50 412,059.15 397,086.45 79,846.54 367,448.61 457,392.41 245,789.70
294,658.62 612,459.33 1,087,098.31 3,110,536.32 -438,025.42 107,492.38 1,445,009.06
553,938.58 613,091.51 584,382.52 582,631.70 589,217.70 578,879.46 599,310.06
81.25 75.00 78.95 84.21 82.35 78.57 78.57

81.25 75.00 78.95 78.95 82.35 78.57 78.57
25.00 37.50 42.11 31.58 29.41 35.71 35.71
7.69 18.18 6.25 6.25 11.11 11.11 16.67
20.00 25.00 25.00 21.00 20.00 19.00 20.00
60.75 59.31 60.53 60.95 61.76 60.57 60.86
99.73 99.25 100.00 96.23 95.17 95.74 95.57
95.51 99.01 100.00 95.27 93.91 94.73 95.50
100.00 100.00 100.00 100.00 100.00 100.00 100.00
100.00 96.29 100.00 93.33 100.00 100.00 97.50
100.00 100.00 100.00 100.00 100.00 100.00 100.00
97.50 95.34 100.00 95.00 96.00 93.75 96.42
100.00 100.00 100.00 100.00 100.00 100.00 100.00
HSBC Holdings PLC (5 HK) - CDP
12 Months Ending 12/31/2009 12/31/2010 12/31/2011
CDP Integrated Performance Score CDP_INTEGRAT — — —
Reporting Period
Start Date of CDP Reporting Year CDP_REPORTIN 01/01/2009 01/01/2010 01/01/2011
End Date of CDP Reporting Year CDP_REPORTIN 12/31/2009 12/31/2010 12/31/2011
CDP Survey Year CDP_SURVEY_Y 2,010 2,011 2,012
CDP Reported Fiscal Year CDP_REPORTED 2,009 2,010 2,011
Risks and Opportunities

Regulatory Risk Exposure CDP_REGULATO Yes Yes Yes
Physical Risk Exposure CDP_PHYSICAL_ Yes Yes Yes
Other Risk Exposure CDP_OTHER_RI Yes Yes Yes
Regulatory Opport Present CDP_REGULATO Yes Yes Yes
Physical Opport Present CDP_PHYSICAL Yes Yes Yes
Other Opportunities Present CDP_OTHER_OP Yes Yes Yes
GHG Emissions
Co Uses GHG/other Methodology CDP_CO_USES 1.00 — —
Scope 1 Activity Emissions Globally CDP_SCOPE_1_ 0.09 0.08 0.07
Location-based Scope 2 CDP_LOCATION — — —
Market-based Scope 2 CDP_MKT_BASE — — —
Scope 2 Emissions CDP_SCOPE_2_ 0.74 0.75 0.73
Rev Emission Intensity CDP_REVENUE_ — — —
Co Selected Emission Intensity CDP_COMP_SEL — — —
Scope 3 Purch Goods/Srvcs CDP_SCOPE_3_ — — —
Scope 3 Investments CDP_SCOPE_3_ — — —
Emissions from Travel CDP_EMISSION — 0.09 0.10
CDP Level of Uncertainty Scope 1 Emissi CDP_LEVEL_OF — 10.00 10.00
CDP Level of Uncertainty Scope 2 Emissi CDP_LEVEL_OF — 5.00 5.00
CDP Percentage Data Verified Scope 1 CDP_PCT_DATA 100.00 100.00 100.00
Energy Use
Total Fuel Consumption CDP_TOTAL_FU — — —
Low Carbon Energy CDP_LOW_CAR — — —
Total Electricity Consumption CDP_TOT_ELEC — — —
Total Purchased Elec Consumption CDP_TOT_PURC — 1.52 1.48
Total Electricity Production CDP_TOTAL_EL — — —
Total Renewable Elec Prod CDP_TOT_RENE — — —
Total Prod & Cons Renew Elec CDP_TOT_PROD — — —
Emissions Bio Seques Carbon CDP_EMISSION 0.03 0.00 0.04
Trading
Other Compliance Programs CDP_OTHER_CO n/a n/a n/a
Origination Project Carbon Offsets CDP_ORIGINAT n/a No No
Trading Allowances EU ETS CDP_TRADING_ n/a n/a n/a
Targets and Initiatives

Emission Red Targets CDP_EMISS_RE n/a n/a n/a
Renewable Energy Target CDP_RENEW_EN n/a n/a n/a
Governance and Strategy

Incentives Mgt Climate Change CDP_INCENT_I Yes Yes Yes
Engages Policy Climate Change CDP_ENG_POLI n/a Yes Yes
Climate Change Strategy CDP_CLMT_CHG n/a n/a n/a
Internal Price of Carbon CDP_INTERNAL n/a n/a n/a
3rd Party Avoided Emissions CDP_3RD_PTY_ n/a n/a n/a
Emission Reduction Activities CDP_EMISSION n/a n/a n/a
Value Chain Engagement CDP_VALUE_CH n/a n/a n/a
Source: Bloomberg
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018
— — — 8.00 7.00 6.00 7.00
10/01/2011 10/01/2012 10/01/2013 10/01/2014 10/01/2015 10/01/2016 10/01/2017

09/30/2012 09/30/2013 09/30/2014 09/30/2015 09/30/2016 09/30/2017 09/30/2018
2,013 2,014 2,015 2,016 2,017 2,018 2,019
2,012 2,013 2,014 2,015 2,016 2,017 2,018
Yes Yes Yes Yes Yes n/a n/a

— — — — — 1.00 1.00
0.06 0.06 0.04 0.04 0.04 0.03 0.03
— — — 0.55 0.56 0.53 0.49
— — — 0.58 0.44 0.40 0.36
0.69 0.63 0.54 — — — —
— — — 8.37 7.99 0.00 0.00
— — — 2.50 2.20 1.98 1.82
— — — 1.19 1.54 1.00 985.44
— — — 31.66 31.66 51.85 27.73
0.09 0.10 0.09 0.08 0.06 0.08 0.09
10.00 10.00 10.00 — 10.00 — —
10.00 10.00 10.00 10.00 10.00 — —
100.00 100.00 100.00 100.00 100.00 100.00 100.00
100.00 100.00 100.00 100.00 100.00 100.00 100.00
90.00 — 100.00 100.00 100.00 — —
— — — 0.14 0.14 0.11 0.11

— — — 0.02 0.32 0.29 0.30
— — — 1.15 1.10 1.01 0.96
1.41 1.31 1.20 1.15 1.10 1.00 0.96
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
— — — 0.00 0.00 0.00 0.00
0.03 0.03 — — — — —
n/a n/a n/a n/a n/a n/a n/a

No n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a Yes Yes n/a Yes

n/a n/a n/a Yes Yes No Yes

n/a n/a n/a Yes Yes Yes Yes
n/a n/a n/a No No No No
HSBC Holdings PLC (5 HK) - Fair Value Analysis
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Level 1 Assets ARDR_FV_ASSE 3,611,305.06 3,274,313.13 3,713,417.44
Level 2 Assets ARDR_FV_ASSE 4,515,950.16 5,016,260.54 5,441,713.12
Level 3 Assets ARDR_FV_ASSE 143,594.71 148,078.00 126,812.47
Total FV Assets ARDR_FV_ASSE 8,270,849.93 8,438,651.66 9,281,943.03
Level 1 Liabilities ARDR_FV_LIAB_ 1,157,175.60 991,484.16 997,998.13

Level 2 Liabilities ARDR_FV_LIAB_ 3,753,150.89 4,326,873.83 4,743,046.99
Level 3 Liabilities ARDR_FV_LIAB_ 122,569.28 89,494.53 81,190.68
Total FV Liabilities ARDR_FV_LIAB 5,032,895.77 5,407,852.51 5,822,235.80
Level 1 Assets/Total Equity LEVEL_1_ASSE 299.91 253.83 261.62

Total FV Assets/Total Equity TOT_FAIR_VAL 686.88 654.17 653.93
Level 1 Assets/Total Assets LEVEL_1_ASSE 18.93 16.50 17.79

Total FV Assets/Total Assets TOT_FAIR_VAL 43.35 42.52 44.48
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
3,708,402.17 3,489,045.64 3,230,962.44 3,329,191.24 3,396,397.43 3,657,465.09 3,788,300.79
4,115,383.63 4,581,585.66 3,803,795.58 3,860,069.76 3,329,649.13 2,727,023.23 3,078,525.52
121,750.17 117,130.41 110,973.68 104,266.69 96,778.77 130,594.10 131,536.22
7,945,535.97 8,187,761.72 7,145,731.70 7,293,527.70 6,822,825.33 6,515,082.42 6,998,362.52
805,813.67 549,177.72 379,483.65 395,239.54 535,212.86 594,933.91 606,038.71

3,540,532.40 4,098,106.74 3,368,425.96 3,593,544.96 3,288,650.18 2,785,670.74 3,130,923.46
76,367.18 62,387.88 42,610.05 45,895.33 47,998.77 55,937.57 57,414.19
4,422,713.24 4,709,672.34 3,790,519.66 4,034,679.83 3,871,861.82 3,436,542.23 3,794,376.36
251.11 225.01 211.07 235.16 219.71 240.40 252.43

278.67 295.47 248.49 272.66 215.40 179.24 205.14
8.24 7.55 7.25 7.37 6.26 8.58 8.76
538.03 528.04 466.80 515.19 441.37 428.23 466.33
17.90 17.08 17.30 18.08 17.24 18.25 17.91

19.87 22.43 20.37 20.96 16.90 13.61 14.56
0.59 0.57 0.59 0.57 0.49 0.65 0.62
38.36 40.09 38.26 39.61 34.63 32.52 33.09
HSBC Holdings PLC (5 HK) - GAAP Highlights
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Net Interest Income NET_INT_INC 307,280.60 317,685.47 293,937.28
Non Interest Income NON_INT_INC 252,145.20 278,725.00 264,949.24
Net Revenue, Excluding Commissions PaiNET_REV_EXCL 530,199.45 562,649.92 530,038.11
Provision for Loan Losses IS_PROV_FOR_ 109,066.63 94,400.33 64,468.71
Compensation/Salary Expense IS_PERSONNEL 154,102.54 164,762.70 158,949.38
Non Interest Expense NON_INT_EXP 322,018.07 357,159.71 361,834.59
Net Income to Common EARN_FOR_CO 99,021.53 126,292.64 104,363.13
Total Loans BS_TOT_LOAN 7,605,288.39 7,439,936.80 7,857,358.61

Net Loans BS_LOAN_MTG 7,449,187.24 7,303,935.87 7,732,476.11
Earning Assets EARN_ASSET 15,767,863.22 14,921,191.92 19,172,773.51
Total Deposits BS_CUSTOMER_ 9,542,860.88 9,738,733.91 10,386,314.51
Total Debt SHORT_AND_LO 4,586,534.96 4,191,113.66 4,347,727.84
Shares Out on Balance Sheet BS_SH_OUT 17,686.16 17,868.09 18,476.01
Cash From Operations CF_CASH_FROM 526,952.08 596,293.71 -116,789.90

Cash From Investing CF_CASH_FROM -887,635.63 -317,475.30 -519,457.52
Cash From Financing CF_CASH_FROM 541,775.01 121,084.94 557,583.34
Net Changes in Cash CF_NET_CHNG_ 181,091.47 399,903.35 -78,664.08

Tangible Book Value/Share TANG_BOOK_VA 51.75 56.37 60.99
Assets Under Management BS_ASSETS_UN 7,189,840.00 6,578,310.20 7,053,319.00

Net Charge-Offs IS_ACT_LOAN_ 142,014.24 86,047.76 67,222.45
Total Nonperforming Assets BS_NON_PERFO 364,318.91 322,966.29 299,735.05
Net Interest Margin % T12_NET_INT_M 2.00 2.07 1.72

Net Charge-Off Rate % NET_CHRG_OFF — 1.14 0.88
Efficiency Ratio % EFF_RATIO 55.22 57.48 62.82
Loans to Deposit Ratio % TOT_LOAN_TO_ 79.70 76.40 75.65
NPA / Assets % NON_PERF_ASS 1.91 1.63 1.44
Return on Assets % RETURN_ON_AS 0.55 0.67 0.53

Return on Common Equity % RETURN_COM_ 9.24 10.59 8.06
Return on Equity % RETURN_TOT_E 9.44 10.77 8.27
Core Tier 1 Capital Ratio % BS_CORE_TIER1 10.50 10.10 12.30

Tangible Common Equity Ratio (TCE) % TCE_RATIO 4.86 5.13 5.46
Tangible Equity/RWA % TCE_TO_RWA 10.67 10.72 12.94
Tangible Common Equity TANGIBLE_COM 915,208.34 1,007,258.12 1,126,895.60

Risk-Weighted Assets BS_RISK_WEIG 8,574,276.73 9,393,811.43 8,711,569.80
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
278,159.86 271,538.84 253,153.80 232,158.17 220,393.55 239,547.82 238,674.09
250,716.97 231,245.38 236,121.31 162,622.50 204,208.08 208,793.15 227,626.54
528,876.82 502,784.21 489,275.11 394,780.67 424,601.64 448,340.97 466,300.62
501,426.17 474,960.32 463,606.21 372,331.77 400,896.20 421,505.09 439,535.78
45,368.42 29,863.38 28,847.47 26,392.20 13,785.31 13,849.01 21,593.65
148,895.92 157,932.37 154,276.98 140,414.24 134,930.85 136,162.29 141,048.22
326,514.58 347,697.82 333,974.78 331,454.92 295,546.49 298,478.59 358,575.26
121,243.60 101,702.99 97,465.84 10,083.37 75,456.86 98,816.22 46,767.96
6.52 5.35 5.04 0.54 3.74 4.94 2.35
6.52 5.35 4.96 0.54 3.74 4.94 2.35
18,530.00 18,960.00 19,380.00 19,753.00 19,972.00 19,896.00 20,158.00
18,654.00 19,056.00 19,517.00 19,845.00 20,072.00 19,983.00 20,233.00
8,493,876.95 7,653,076.04 7,238,663.15 6,740,883.98 7,581,430.91 7,756,392.14 8,143,413.87

8,376,461.16 7,557,416.17 7,164,610.95 6,680,015.87 7,522,963.66 7,688,839.41 8,075,398.58
19,583,462.51 19,017,967.27 17,869,204.07 17,630,693.76 18,610,179.82 21,773,711.81 22,869,239.19
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81 10,659,586.48 10,672,492.50 11,209,554.56
3,638,804.06 3,861,760.11 3,007,317.80 3,020,043.25 3,661,289.08 3,245,859.49 3,206,743.54
19,236,084.51 18,874,240.98 17,144,290.71 16,999,712.39 18,155,003.97 18,514,341.78 19,648,132.37
1,476,780.99 1,550,609.41 1,530,784.25 1,415,691.55 1,545,827.61 1,521,397.02 1,500,729.59
18,830.01 19,217.87 19,685.10 19,866.31 19,995.44 20,035.57 20,313.25
79,202.76 157,769.52 286,993.95 749,639.25 -100,307.82 25,284.04 340,084.33

-827,630.49 206,313.99 -55,500.95 -116,901.90 510,866.99 -130,464.37 -276,721.54
988,673.26 -712,890.26 -676,787.55 -394,532.27 79,306.46 20,479.60 -213,554.62
240,245.54 -348,806.74 -445,294.54 238,205.09 489,865.62 -84,700.73 -150,191.83
74.89 72.19 74.20 68.45 65.64 64.07 62.54

62.57 61.06 64.51 60.12 56.48 54.54 54.80
7,141,249.80 7,397,220.60 6,944,089.60 6,443,490.90 7,366,998.90 7,041,147.80 3,941,335.20

41,567.68 42,061.53 26,250.35 21,959.86 19,707.78 14,860.05 19,109.91
282,455.43 227,057.45 184,126.88 141,338.09 120,856.28 104,332.74 106,649.73
1.43 1.41 1.37 1.31 1.21 1.18 1.07

0.51 0.52 0.35 0.31 0.27 0.19 0.24
59.64 67.35 66.50 82.99 67.81 64.45 75.49
73.88 73.08 72.43 68.32 71.12 72.68 72.65
1.36 1.11 0.99 0.77 0.61 0.52 0.50
0.60 0.52 0.54 0.10 0.44 0.54 0.28

8.75 7.27 6.84 0.71 5.64 7.60 3.65
8.94 7.25 7.05 1.35 5.90 7.29 3.99
— — — — — — —
5.75 5.81 6.87 6.54 5.79 5.51 5.30
12.51 12.41 14.86 17.97 16.59 16.12 16.95
1,178,213.17 1,173,459.72 1,269,892.64 1,194,410.76 1,129,244.53 1,092,819.03 1,113,240.25

9,420,091.62 9,458,207.22 8,548,360.30 6,646,643.08 6,806,856.99 6,777,202.66 6,569,411.28
HSBC Holdings PLC (5 HK) - Earnings
12 Months Ending 12/31/2012 12/31/2013 12/31/2014
Revenue
Consensus Estimate BEST_SALES 530,147.54 505,330.07 486,781.99
Comparable Actual IS_COMP_SALE 530,038.11 501,426.17 474,960.32
Revenue Surprise % -0.02 -0.77 -2.43
GAAP Actual SALES_REV_TU 706,502.87 650,291.07 628,798.21
Adjusted Actual SALES_REV_TU 706,502.87 650,291.07 628,798.21
Earnings Per Share

Consensus Estimate BEST_EPS 6.86 7.10 7.34
Comparable Actual IS_COMP_EPS_ 5.74 6.96 6.74
EPS Surprise % -16.26 -2.03 -8.15
GAAP Actual IS_DILUTED_EP 5.74 6.52 5.35
Adjusted Actual IS_DIL_EPS_CO 7.01 7.12 6.30
Pretax Income (Loss)

Consensus Estimate BEST_PTP 180,733.22 190,654.48 166,489.63
Comparable Actual IS_COMP_PTP_ 160,174.99 175,027.95 144,857.94
Pretax Income (Loss) Surprise % -11.37 -8.20 -12.99
GAAP Actual PRETAX_INC 160,174.99 175,027.95 144,857.94
Adjusted Actual PRETAX_INC 190,970.41 189,765.51 168,005.74
Net Income
Consensus Estimate BEST_NET_INC 127,106.27 133,063.16 140,247.58
Comparable Actual IS_COMP_NET_ 108,807.91 134,220.41 127,720.03
Net Income Surprise % -14.40 0.87 -8.93
GAAP Actual EARN_FOR_CO 104,363.13 121,243.60 101,702.99
Adjusted Actual EARN_FOR_CO 127,613.68 132,554.68 119,874.01
Source: Bloomberg
12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021
467,796.53 410,276.30 404,947.97 428,993.86 426,696.22 388,082.73 383,998.85

463,606.21 389,308.17 401,511.82 421,505.09 434,137.37
-0.90 -5.11 -0.85 -1.75 1.74
602,912.90 492,594.80 524,496.45 598,195.51 656,169.61
602,912.90 492,594.80 524,496.45 597,936.87 648,914.27
6.24 4.85 5.22 5.95 5.54 1.68 3.08

6.64 4.36 5.45 5.66 5.74
6.44 -10.12 4.34 -4.75 3.67
4.96 0.54 3.74 4.94 2.35
5.71 4.09 5.35 5.49 5.36
167,980.16 138,542.16 168,162.69 179,670.58 169,544.51 72,877.99 110,437.93

146,268.54 149,814.52 163,569.08 170,224.42 174,034.17
-12.93 8.14 -2.73 -5.26 2.65
146,268.54 55,206.26 133,777.53 155,889.48 104,575.64
164,657.73 137,200.60 161,332.57 169,597.41 166,159.85
121,692.25 101,682.32 99,921.27 120,614.03 109,094.01 33,678.92 63,304.15

137,528.24 94,929.62 118,407.41 113,151.15 116,226.49
13.01 -6.64 18.50 -6.19 6.54
97,465.84 10,083.37 75,456.86 98,816.22 46,767.96
112,131.23 80,708.89 107,744.57 109,919.64 107,591.46
HSBC Holdings PLC (5 HK) - Adjusted
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
Revenue % NET_REV 100.00 100.00 100.00
+ Net Interest Income NET_INT_INC 278,159.86 271,538.84 253,153.80
Revenue % NET_INT_INC 42.77 43.18 41.99
+ Total Interest Income INTEREST_INC 399,574.10 397,552.83 366,791.59
Revenue % INTEREST_INC 75.40 79.60 76.44
+ Interest Income IS_INT_INC 397,076.48 395,141.12 365,838.02
Revenue % IS_INT_INC 61.45 63.22 60.84
+ Investment Income IS_INVEST_INC 2,497.63 2,411.71 953.57
Revenue % IS_INVEST_INC 0.47 0.48 0.20
- Total Interest Expense IS_INT_EXPENS 121,414.25 126,014.00 113,637.79
Revenue % IS_INT_EXPENS 18.67 20.04 18.85
+ Adjusted Total Non-Interest Income IS_ADJ_TOTAL 251,795.13 227,872.08 226,709.64
Revenue % IS_ADJ_TOTAL_ 47.51 45.63 47.24
+ Trading Securities G/L GAIN_LOSS_SEC 98,633.08 78,718.04 85,984.22
Revenue % GAIN_LOSS_SEC 18.61 15.76 17.92
+ Trading Account Profits/Losses IS_TRADING_A 83,026.77 68,365.50 69,951.82
Revenue % IS_TRADING_A 15.67 13.69 14.58
+ Investment & Loan Inc (Loss) IS_GAIN_OR_L 15,606.30 10,352.53 16,032.40
Revenue % IS_GAIN_OR_L 2.94 2.07 3.34
Revenue % IS_OTHER_GAI 0.00 0.00 0.00
+ Commissions & Fees Earned IS_COMM_AND_ 154,922.81 151,565.76 139,671.06
Revenue % IS_COMM_AND_ 29.23 30.35 29.11
+ Other Operating Income (Losses) IS_OTHER_OPE -1,760.75 -2,411.71 1,054.36
Revenue % IS_OTHER_OPE -0.33 -0.48 0.22
Revenue % IS_PROV_FOR_ 8.56 5.98 6.01
Net Revenue after Provisions NET_REV_AFT_ 484,586.57 469,547.54 451,015.97
Revenue % NET_REV_AFT_ 91.44 94.02 93.99
- Total Non-Interest Expense NON_INT_EXP 312,855.18 321,176.72 306,173.92
Revenue % NON_INT_EXP 48.11 51.08 50.78
+ Commissions & Fees Paid IS_COMM_FEE_ 27,450.65 27,823.89 25,668.90
Revenue % IS_COMM_FEE_ 5.18 5.57 5.35
+ Other Operating Expenses IS_OPERATING 285,404.53 293,352.83 280,505.02
Revenue % IS_OPERATING 53.85 58.74 58.46
Operating Income (Loss) IS_OPER_INC 171,731.39 148,370.82 144,842.05
Revenue % IS_OPER_INC 26.41 23.60 24.02
- Non-Operating (Income) Loss NONOP_INCOME -18,034.12 -19,634.92 -19,815.68
Revenue % NONOP_INCOME -3.40 -3.93 -4.13
+ (Income) Loss from Affiliates INCOME_LOSS_ -18,034.12 -19,634.92 -19,815.68
Revenue % INCOME_LOSS_ -3.40 -3.93 -4.13
Revenue % OTHER_NONOP_ 0.00 0.00 0.00
Pretax Income (Loss), Adjusted PRETAX_INC 189,765.51 168,005.74 164,657.73
- Abnormal Losses (Gains) IS_ABNORMAL_ 14,737.56 23,147.80 18,389.20
Revenue % IS_ABNORMAL_ 2.78 4.64 3.83
+ Debt Valuation Adjustment IS_FAIR_VALU 9,664.74 -3,233.71 -9,551.22
Revenue % IS_FAIR_VALU 1.82 -0.65 -1.99
+ Disposal of Assets IS_GAIN_LOSS_ — — —
Revenue % IS_GAIN_LOSS_ — — —
+ Impairment Of Goodwill IS_IMPAIRMENT — — —
Revenue % IS_IMPAIRMENT — — —
+ Impairment of Intangibles IS_IMPAIR_OF_ 333.53 504.06 —
Revenue % IS_IMPAIR_OF_ 0.06 0.10 —
+ Gain/Loss on Sale/Acquisition of BusinIS_SALE_OF_BU -8,586.57 -139.58 992.33
Revenue % IS_SALE_OF_BU -1.62 -0.03 0.21
+ Legal Settlement IS_LEGAL_LITI 9,579.42 23,861.23 18,311.67
Revenue % IS_LEGAL_LITI 1.81 4.78 3.82
+ Restructuring IS_RESTRUCTU 3,746.44 2,155.81 7,946.43
Revenue % IS_RESTRUCTU 0.71 0.43 1.66
+ Other Abnormal Items IS_OTHER_ONE_ — — 689.98
Revenue % IS_OTHER_ONE_ — — 0.14
Revenue % IS_INC_TAX_EX 5.68 4.90 4.85
+ Current Income Tax IS_CURRENT_I 30,568.81 30,631.09 29,436.67
Revenue % IS_CURRENT_I 5.77 6.13 6.13
+ Deferred Income Tax IS_DEFERRED_ 6,391.45 193.87 -201.57
Revenue % IS_DEFERRED_ 1.21 0.04 -0.04
Income (Loss) from Cont Ops IS_INC_BEF_XO 138,067.69 114,032.97 117,033.43
Revenue % IS_INC_BEF_XO 26.11 22.68 23.92
Revenue % XO_GL_NET_OF 0.00 0.00 0.00
Revenue % IS_DISCONTIN 0.00 0.00 0.00
Revenue % IS_EXTRAORD_ 0.00 0.00 0.00
Income (Loss) Incl. MI NI_INCLUDING_ 138,067.69 114,032.97 117,033.43
Revenue % NI_INCLUDING_ 26.05 22.83 24.39
- Minority Interest MIN_NONCONTR 12,379.55 7,886.54 12,202.61
Revenue % MIN_NONCONTR 1.90 1.25 2.02
Net Income, GAAP NET_INCOME 125,688.14 106,146.44 104,830.82
Revenue % NET_INCOME 23.72 21.25 21.85
Net Income Avail to Common, GAAP EARN_FOR_CO 121,243.60 101,702.99 97,465.84

Net Abnormal Losses (Gains) IS_NET_ABNOR 11,311.08 18,171.02 14,665.38


Source: Bloomberg
12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
405,174.53 422,536.57 448,082.33 459,045.28 390,600.06 388,082.73 383,998.85
100.00 100.00 100.00 100.00 100.00 100.00 100.00
232,158.17 220,393.55 239,547.82 238,674.09 231,739.51
47.13 42.02 40.05 36.37 71.10
329,972.30 320,288.36 389,402.36 428,543.08
81.44 75.80 86.90 93.36
329,234.87 319,462.33 388,814.54 428,543.08
66.99 61.07 65.12 66.04
737.43 826.03 587.82 0.00
0.18 0.20 0.13 0.00
97,814.13 99,894.81 149,854.54 189,868.99
19.86 19.05 25.05 28.94
173,016.36 202,143.02 208,534.51 220,371.20 158,974.77
42.70 47.84 46.54 48.01 40.70
77,135.07 100,837.73 69,433.13 117,104.03 52,302.42
19.04 23.86 15.50 25.51 13.39
66,384.13 91,876.10 67,724.53 114,479.26
16.38 21.74 15.11 24.94
10,750.94 8,961.62 1,708.59 2,624.77
2.65 2.12 0.38 0.57
0.00 0.00 0.00 0.00 -11,721.75
0.00 0.00 0.00 0.00 -3.00
121,629.21 123,537.90 125,746.14 120,966.75 92,170.45
30.02 29.24 28.06 26.35 23.60
-25,747.92 -22,232.61 13,355.24 -17,699.59 14,606.97
-6.35 -5.26 2.98 -3.86 3.74
26,392.20 13,785.31 13,849.01 21,593.65 66,050.94
6.51 3.26 3.09 4.70 16.91
378,782.34 408,751.26 434,233.32 437,451.63 324,869.32
93.49 96.74 96.91 95.30 83.17
259,854.45 265,926.38 284,512.02 289,735.71 219,681.36
52.75 50.70 47.58 44.65 39.90
22,448.89 23,705.44 26,835.88 26,764.84
5.54 5.61 5.99 5.83
237,405.56 242,220.95 257,676.14 262,970.86 219,681.36
58.59 57.33 57.51 57.29 56.24
118,927.89 142,824.87 149,721.30 147,715.93 104,867.76 83,506.25 104,594.97
24.14 27.23 25.04 22.76 20.60 21.52 27.24
-18,272.71 -18,507.70 -19,876.10 -18,443.92 -15,496.27
-4.51 -4.38 -4.44 -4.02 -3.97
-18,272.71 -18,507.70 -19,876.10 -18,443.92 -15,496.27
-4.51 -4.38 -4.44 -4.02 -3.97
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
137,200.60 161,332.57 169,597.41 166,159.85 120,363.31 72,877.99 110,437.93
33.86 38.18 37.85 36.20 30.81 18.78 28.76
81,994.34 27,555.04 13,707.93 61,584.21 79,379.61
20.24 6.52 3.06 13.42 20.32
13,708.42 2,906.68 — —
3.38 0.69 — —
— — -258.64 -7,255.34
— — -0.06 -1.58
25,150.21 — — 57,580.46
6.21 — — 12.54
— — — —
— — — —
10,339.53 -3,989.87 1,293.20 -6,017.39 -6,318.75
2.55 -0.94 0.29 -1.31 -1.62
12,295.66 2,283.27 7,539.75 9,558.87 1,008.77
3.03 0.54 1.68 2.08 0.26
24,203.20 23,393.73 — 7,717.61 9,055.79
5.97 5.54 — 1.68 2.32
-3,702.67 2,961.23 5,133.62 — 6,209.65
-0.91 0.70 1.15 — 1.59
55,206.26 133,777.53 155,889.48 104,575.64 40,983.70 72,877.99 110,437.93
13.63 31.66 34.79 22.78 10.49 18.78 28.76
28,457.00 41,207.87 38,129.83 36,347.22 26,205.25
5.78 7.86 6.37 5.54 4.87
28,480.28 33,228.13 32,878.65 29,522.81
7.03 7.86 7.34 6.43
-23.29 7,979.74 5,251.18 6,824.41
-0.01 1.89 1.17 1.49
26,749.27 92,569.66 117,759.65 68,228.41 14,778.45 24,750.11 51,762.73
6.78 21.80 26.27 14.63 6.36 6.38 13.48
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
26,749.27 92,569.66 117,759.65 68,228.41 14,673.51
6.60 21.91 26.28 14.86 3.76
7,506.25 8,423.92 10,173.18 10,381.56 8,496.05
1.52 1.61 1.70 1.58 2.33
19,243.02 84,145.73 107,586.47 57,846.85 6,282.40 24,750.11 51,762.73
4.75 19.91 24.01 12.60 1.61 6.38 13.48
698.62 701.34 705.38 705.16 701.51
8,461.03 7,987.53 8,064.87 10,373.73 9,953.63
10,083.37 75,456.86 98,816.22 46,767.96 -4,372.74 24,750.11 51,762.73
80,708.89 107,744.57 109,919.64 107,591.46 70,808.34 33,678.92 63,304.15

70,625.51 32,287.71 11,103.42 60,823.50 75,383.39
0.00 0.00 0.00 0.00 0.00
19,753.00 19,972.00 19,896.00 20,158.00 20,162.00

0.54 3.74 4.94 2.35 -0.16 1.24 2.42
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
4.09 5.39 5.50 5.37 3.65 1.68 3.08
19,845.00 20,072.00 19,983.00 20,233.00 20,162.00

0.54 3.74 4.94 2.35 -0.16 1.24 2.42
0.54 3.74 4.94 2.35 -0.16 1.24 2.42
4.09 5.35 5.49 5.36 3.65 1.68 3.08
HSBC Holdings PLC (5 HK) - Reconciliation
12 Months Ending 12/31/2011 12/31/2012 12/31/2013
Pretax Income Reconciliation
+ Debt Valuation Adjustment IS_FAIR_VALU -30,615.69 40,452.93 9,664.74
+ Impairment of Goodwill IS_IMPAIRMENT — — —
+ Impairment of Intangibles IS_IMPAIR_OF_ 3,035.88 527.48 333.53
+ Gain/Loss on Sale/Acquisition of BusinIS_SALE_OF_BU — -54,485.40 -8,586.57
+ Restructuring Expenses IS_RESTRUCTU 8,734.00 6,795.16 3,746.44
+ Other Abnormal Items IS_OTHER_ONE_ 4,437.06 3,661.32 —
Pretax Income (Loss), Adjusted PRETAX_INC 162,839.98 190,970.41 189,765.51
Net Income Reconciliation

Net Inc Avail to Common Sh, GAAP EARN_FOR_CO 126,292.64 104,363.13 121,243.60
Net Inc Avail to Common Cont INC_BEF_XO_LE 126,292.64 104,363.13 121,243.60
+ Debt Valuation Adjustment IS_DVA_AFTER_ -22,502.53 30,541.96 7,417.69
+ Disposal of Assets IS_DISPOSAL_A — — —
+ Impairment of Goodwill IS_IMPAIRMEN — — —
+ Impairment of Intangibles IS_IIA_AFTER_T 2,231.37 398.25 255.99
+ Sale of Business IS_SALE_OF_BU — -41,136.48 -6,590.19
+ Restructuring Charges IS_RESTRUCTU 6,419.49 5,130.35 2,875.40
+ Other Abnormal Items IS_OTH_ONE_TI 3,261.24 2,764.30 —
+ Income Tax Charge (Benefit) IS_ABNORMAL_ — — —
Earnings Per Share Reconciliation

+ Discontinued Operations IS_DISC_OPS_D 0.00 0.00 0.00
+ XO & Accounting Changes IS_XO_ITEMS_ 0.00 0.00 0.00
+ Debt Valuation Adjustment IS_DVA_PER_D -1.26 1.67 0.40
+ Disposal of Assets IS_DISPOSAL_A — — —
+ Impairment of Goodwill IS_IMPAIR_GOO — — —
+ Impairment of Intangibles IS_IIA_DILUTE 0.12 0.02 0.01
+ Sale of Business IS_SALE_OF_BU — -2.25 -0.35
+ Legal Settlement IS_LEGAL_LITI 0.29 1.40 0.39
+ Restructuring Charges IS_RESTRUCTU 0.36 0.28 0.15
+ Other Adjustments Reconciliation IS_OTH_ONE_TI 0.18 0.15 —
+ Income Tax Charge (Benefit) IS_TAX_PROV_B — — —
Source: Bloomberg
12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020
144,857.94 146,268.54 55,206.26 133,777.53 155,889.48 104,575.64 40,983.70

-3,233.71 -9,551.22 13,708.42 2,906.68 — —
— — — — -258.64 -7,255.34
— — 25,150.21 — — 57,580.46
504.06 — — — — —
-139.58 992.33 10,339.53 -3,989.87 1,293.20 -6,017.39 -6,318.75
23,861.23 18,311.67 12,295.66 2,283.27 7,539.75 9,558.87 1,008.77
2,155.81 7,946.43 24,203.20 23,393.73 — 7,717.61 9,055.79
— 689.98 -3,702.67 2,961.23 5,133.62 — 6,209.65
168,005.74 164,657.73 137,200.60 161,332.57 169,597.41 166,159.85 120,363.31
101,702.99 97,465.84 10,083.37 75,456.86 98,816.22 46,767.96 -4,372.74

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
101,702.99 97,465.84 10,083.37 75,456.86 98,816.22 46,767.96 -4,486.13
-2,538.46 -7,617.10 10,966.73 2,347.15 — —
— — — — -209.50 -5,876.83
— — 25,150.21 — — 57,580.46
395.68 — — — — —
-109.57 791.39 8,271.62 -3,221.82 1,047.49 -4,874.08 -5,118.19
18,731.07 14,603.56 9,836.53 1,843.74 6,107.20 7,742.69 817.11
1,692.31 6,337.28 19,362.56 18,890.44 — 6,251.27 7,335.19
— 550.26 -2,962.14 2,391.19 4,158.23 — 5,029.81
— — — 10,037.02 — —
119,874.01 112,131.23 80,708.89 107,744.57 109,919.64 107,591.46 70,808.34
5.35 4.96 0.54 3.74 4.94 2.35 -0.16

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.35 4.96 0.54 3.74 4.94 2.35 -0.16
-0.13 -0.39 0.55 0.12 — —
— — — — -0.01 -0.29
— — 1.27 — — 2.85
0.02 — — — — —
-0.01 0.04 0.42 -0.16 0.05 -0.24 -0.23
0.98 0.75 0.50 0.09 0.31 0.38 0.04
0.09 0.32 0.98 0.94 — 0.31 0.36
— 0.03 -0.15 0.12 0.21 — 0.24
— — — 0.50 — —
6.30 5.71 4.09 5.35 5.49 5.36 3.65
HSBC Holdings PLC (5 HK) - SBC & Amort
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Basic EPS Ex-SBC, Adj BASIC_EPS_EX 5.75 7.20 7.36
Diluted EPS Ex-SBC, Adj DILUTED_EPS_ 5.65 7.15 7.33
Basic EPS Ex-Amortization, Adj ADJ_EPS_EX_A 5.80 7.26 7.35
Diluted EPS Ex-Amortization, Adj ADJ_EPS_EX_A 5.70 7.21 7.32
Basic EPS Ex-SBC & Amort, Adj ADJ_EPS_EX_S 6.06 7.64 7.67
Diluted EPS Ex-SBC & Amort, Adj ADJ_EPS_EX_S 5.96 7.58 7.64
Stock Based Compensation

Pre-Tax IS_EXPENSE_S 6,308.29 9,045.37 7,663.95
After-Tax IS_STK_BASED 4,541.97 6,648.35 5,786.28
Per Basic Share IS_STK_BASED 0.26 0.38 0.32
Per Diluted Share IS_STK_BASED 0.26 0.37 0.32
Amortization of Acquisition Related Intangibles
Amortization of Total Intangibles

Pre-Tax IS_AMORT_OF_ 7,636.76 10,508.82 7,516.57
After-Tax IS_AMORT_OF_ 5,498.47 7,723.98 5,675.01
Per Basic Share IS_AMORT_OF_ 0.32 0.44 0.31
Per Diluted Share IS_AMORT_OF_T 0.31 0.43 0.31
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
7.36 6.56 6.12 4.25 5.55 5.64 5.52

7.32 6.54 6.05 4.25 5.51 5.64 5.51
7.45 6.62 6.08 4.47 5.76 5.76 5.70
7.42 6.60 6.01 4.47 5.71 5.75 5.69
7.66 6.86 6.42 4.64 5.92 5.90 5.86
7.62 6.84 6.34 4.64 5.87 5.89 5.84
4,886.67 5,676.45 8,179.01 4,145.13 3,896.36 3,526.91 3,745.20

3,750.52 4,456.01 6,522.76 3,316.10 3,146.31 2,856.80 3,033.61
0.20 0.24 0.34 0.17 0.16 0.14 0.15
0.20 0.23 0.33 0.17 0.16 0.14 0.15
7,221.41 7,258.41 7,264.20 9,540.00 9,086.31 6,379.79 8,383.60

5,542.43 5,697.85 5,793.20 7,632.00 7,337.19 5,167.63 6,790.72
0.30 0.30 0.30 0.39 0.37 0.26 0.34
0.30 0.30 0.30 0.38 0.37 0.26 0.34
HSBC Holdings PLC (5 HK) - Adj %
12 Months Ending 12/31/2013 12/31/2014 12/31/2015
+ Net Interest Income NET_INT_INC 52.49 54.37 52.76
+ Total Interest Income INTEREST_INC 75.40 79.60 76.44
+ Interest Income IS_INT_INC 74.93 79.12 76.24
+ Investment Income IS_INVEST_INC 0.47 0.48 0.20
- Total Interest Expense IS_INT_EXPENS 22.91 25.23 23.68
+ Adjusted Total Non-Interest Income IS_ADJ_TOTAL 47.51 45.63 47.24
+ Trading Securities G/L GAIN_LOSS_SEC 18.61 15.76 17.92
+ Trading Account Profits/Losses IS_TRADING_A 15.67 13.69 14.58
+ Investment & Loan Inc (Loss) IS_GAIN_OR_L 2.94 2.07 3.34
+ Commissions & Fees Earned IS_COMM_AND_ 29.23 30.35 29.11
+ Other Operating Income (Losses) IS_OTHER_OPE -0.33 -0.48 0.22
- Provision for Loan Losses IS_PROV_FOR_ 8.56 5.98 6.01
Net Revenue after Provisions NET_REV_AFT_ 91.44 94.02 93.99
- Total Non-Interest Expense NON_INT_EXP 59.03 64.31 63.80
+ Commissions & Fees Paid IS_COMM_FEE_ 5.18 5.57 5.35
+ Other Operating Expenses IS_OPERATING 53.85 58.74 58.46
Operating Income (Loss) IS_OPER_INC 32.40 29.71 30.18
- Non-Operating (Income) Loss NONOP_INCOME -3.40 -3.93 -4.13
+ (Income) Loss from Affiliates INCOME_LOSS_ -3.40 -3.93 -4.13
Pretax Income (Loss), Adjusted PRETAX_INC 35.81 33.64 34.31
- Abnormal Losses (Gains) IS_ABNORMAL_ 2.78 4.64 3.83
+ Debt Valuation Adjustment IS_FAIR_VALU 1.82 -0.65 -1.99
+ Impairment Of Goodwill IS_IMPAIRMENT — — —
+ Impairment of Intangibles IS_IMPAIR_OF_ 0.06 0.10 —
+ Gain/Loss on Sale/Acquisition of BusinIS_SALE_OF_BU -1.62 -0.03 0.21
+ Legal Settlement IS_LEGAL_LITI 1.81 4.78 3.82
+ Restructuring IS_RESTRUCTU 0.71 0.43 1.66
+ Other Abnormal Items IS_OTHER_ONE_ — — 0.14
Pretax Income (Loss), GAAP PRETAX_INC 33.03 29.01 30.48
- Income Tax Expense (Benefit) IS_INC_TAX_EX 6.97 6.17 6.09
+ Current Income Tax IS_CURRENT_I 5.77 6.13 6.13
+ Deferred Income Tax IS_DEFERRED_ 1.21 0.04 -0.04
Income (Loss) from Cont Ops IS_INC_BEF_XO 26.05 22.83 24.39
Income (Loss) Incl. MI NI_INCLUDING_ 26.05 22.83 24.39
- Minority Interest MIN_NONCONTR 2.34 1.58 2.54
Net Income, GAAP NET_INCOME 23.72 21.25 21.85
- Other Adjustments OTHER_ADJUST 0.71 0.75 1.39
Net Income Avail to Common, GAAP EARN_FOR_CO 22.88 20.36 20.31
Net Abnormal Losses (Gains) IS_NET_ABNOR 2.13 3.64 3.06

Basic Weighted Avg Shares IS_AVG_NUM_S 3.50 3.80 4.04

Diluted Weighted Avg Shares IS_SH_FOR_DIL 3.52 3.82 4.07

Source: Bloomberg
12/31/2016 12/31/2017 12/31/2018 12/31/2019 06/30/2020 12/31/2020 12/31/2021
405,174.53 422,536.57 448,082.33 459,045.28 390,600.06 388,082.73 383,998.85
57.30 52.16 53.46 51.99 59.33
81.44 75.80 86.90 93.36
81.26 75.61 86.77 93.36
0.18 0.20 0.13 0.00
24.14 23.64 33.44 41.36
42.70 47.84 46.54 48.01 40.70
19.04 23.86 15.50 25.51 13.39
16.38 21.74 15.11 24.94
2.65 2.12 0.38 0.57
0.00 0.00 0.00 0.00 -3.00
30.02 29.24 28.06 26.35 23.60
-6.35 -5.26 2.98 -3.86 3.74
6.51 3.26 3.09 4.70 16.91
93.49 96.74 96.91 95.30 83.17
64.13 62.94 63.50 63.12 56.24
5.54 5.61 5.99 5.83
58.59 57.33 57.51 57.29 56.24
29.35 33.80 33.41 32.18 26.85 21.52 27.24
-4.51 -4.38 -4.44 -4.02 -3.97
-4.51 -4.38 -4.44 -4.02 -3.97
0.00 0.00 0.00 0.00 0.00
33.86 38.18 37.85 36.20 30.81 18.78 28.76
20.24 6.52 3.06 13.42 20.32
3.38 0.69 — —
— — -0.06 -1.58
6.21 — — 12.54
— — — —
2.55 -0.94 0.29 -1.31 -1.62
3.03 0.54 1.68 2.08 0.26
5.97 5.54 — 1.68 2.32
-0.91 0.70 1.15 — 1.59
13.63 31.66 34.79 22.78 10.49 18.78 28.76
7.02 9.75 8.51 7.92 6.71
7.03 7.86 7.34 6.43
-0.01 1.89 1.17 1.49
6.60 21.91 26.28 14.86 3.78 6.38 13.48
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
6.60 21.91 26.28 14.86 3.76
1.85 1.99 2.27 2.26 2.18
4.75 19.91 24.01 12.60 1.61 6.38 13.48
0.17 0.17 0.16 0.15 0.18
2.09 1.89 1.80 2.26 2.55
2.49 17.86 22.05 10.19 -1.12 6.38 13.48
17.43 7.64 2.48 13.25 19.30

0.00 0.00 0.00 0.00 0.00
4.88 4.73 4.44 4.39 5.16

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.90 4.75 4.46 4.41 5.16

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
HSBC Holdings PLC (5 HK) - Credit Ex Operating Leases
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
IFRS 16/ASC 842 Adoption IFRS_16_ASC_8 No No No
Total Debt TOT_DEBT_EX_ 4,586,534.96 4,191,113.66 4,347,727.84

Short-Term Debt ST_DEBT_EX_O 3,196,851.59 2,935,883.53 3,193,308.79
Long Term Debt LT_DEBT_EX_OP 1,389,683.37 1,255,230.13 1,154,419.05
Total Debt/EBIT TOT_DEBT_TO_ 35.72 29.00 32.82

Net Debt/EBIT NET_DEBT_TO_ 19.27 11.85 15.19
Cash Interest Paid CASH_INT_PAI — — —
Common Equity/Total Assets CE_TO_TOT_AS 6.02 6.21 6.51

Long-Term Debt/Equity LT_DBT_EX_OP 115.41 97.31 81.33
Long-Term Debt/Capital LT_DBT_TO_CPT 24.00 22.90 20.02
Long-Term Debt/Total Assets LT_DBT_AST_EX 7.28 6.32 5.53
Total Debt/Equity TOT_DBT_EX_O 380.90 324.90 306.30

Total Debt/Capital TOT_DBT_TO_C 79.21 76.46 75.39
Total Debt/Total Assets TOT_DBT_AST_E 24.04 21.12 20.83
Net Debt/Equity NET_DBT_EX_O 205.50 132.78 141.73

Net Debt/Capital NET_DBT_CPTL 67.27 57.04 58.63
EBIT EBIT_AFTER_O 128,341.10 144,850.44 132,583.22

Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
No No No No No No Yes
3,638,804.06 3,861,760.11 3,007,317.80 3,020,043.25 3,661,289.08 3,245,859.49 3,206,743.54

2,607,114.45 2,078,029.69 1,518,903.35 1,656,465.66 1,986,535.08 1,102,476.14 1,107,561.93
1,031,689.61 950,713.43 865,306.42 673,806.16 659,139.38 844,146.68 1,006,014.13
23.19 30.84 23.79 81.86 31.68 23.88 37.45

4.21 5.53 2.86 1.55 -0.71 -3.99 -5.22
— — — 93,358.51 85,423.74 111,074.19 214,557.52
6.81 6.79 7.82 7.38 6.66 6.41 6.02

69.86 61.31 56.53 47.60 42.64 55.48 67.04
20.17 17.57 19.07 15.19 12.66 17.71 21.37
4.98 4.65 4.63 3.66 3.35 4.21 4.76
246.40 249.05 196.46 213.33 236.85 213.35 213.68

71.13 71.35 66.27 68.08 70.31 68.09 68.12
17.57 18.91 16.10 16.40 18.58 16.20 15.19
44.71 44.65 23.63 4.04 -5.33 -35.61 -29.81

30.90 30.87 19.11 3.88 -5.63 -55.31 -42.46
156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71

HSBC Holdings PLC (5 HK) - Employee Data
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Number of Employees NUM_OF_EMPL 295,061.00 288,316.00 284,186.00
Employees - 1 Yr Growth EMPL_GROWTH 1.93 -2.29 -1.43
Sales per Employee ACTUAL_SALES 2,393,700.94 2,671,843.78 2,486,057.98
Actual Net Income per Employee ACTUAL_NET_I 346,470.92 453,506.06 382,875.69
Actual Assets per Employee ACTUAL_ASSET 64,663,939.52 68,841,687.11 73,436,385.97
Actual Cash Flow per Employee CASH_FLOW_PE 1,785,908.96 2,068,195.00 -410,962.89
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
268,795.00 257,600.00 264,000.00 241,000.00 229,000.00 235,217.00 235,351.00
-5.42 -4.16 2.48 -8.71 -4.98 2.71 0.06
2,419,282.61 2,440,986.84 2,283,761.00 2,043,961.82 2,290,377.49 2,543,164.43 2,788,046.85
467,598.50 412,059.15 397,086.45 79,846.54 367,448.61 457,392.41 245,789.70
77,058,224.70 79,289,015.50 70,738,920.32 76,412,464.50 86,029,832.24 85,179,807.55 89,860,939.44
294,658.62 612,459.33 1,087,098.31 3,110,536.32 -438,025.42 107,492.38 1,445,009.06
HSBC Holdings PLC (5 HK) - COVID-19
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Operational Impact
COVID - 19 Related Charges
Net Revenue Reconciliation

Net Revenue, ex COVID-19 Impact NET_REV_EXCL 559,425.80 596,410.47 558,886.52
Provision for Loan Losses Reconciliation

Provision for Loan Losses, ex COVID-19 I ADJSTD_PROVS 109,066.63 94,400.33 64,468.71
EBIT Reconciliation
EBIT IS_OPER_INC 128,341.10 144,850.44 132,583.22
EBIT, ex COVID-19 Impact OPER_INCME_E 128,341.10 144,850.44 132,583.22
Pretax Income Reconciliation

Pretax Income PRETAX_INC 147,895.25 170,258.43 160,174.99
Pretax Income, ex COVID-19 Impact PT_INCME_EXCL 147,895.25 170,258.43 160,174.99
Net Income Reconciliation

Net Income/Net Profit (Losses) NET_INCOME 102,230.06 130,753.05 108,807.91
Net Income, ex COVID-19 Impact NET_INCME_EXC 102,230.06 130,753.05 108,807.91

Diluted EPS IS_DILUTED_EP 5.59 7.08 5.74
Diluted EPS, ex COVID-19 Impact DILTD_EPS_EXC 5.59 7.08 5.74
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
528,876.82 502,784.21 489,275.11 394,780.67 424,601.64 448,340.97 466,300.62

528,876.82 502,784.21 489,275.11 394,780.67 424,601.64 448,340.97 466,300.62
45,368.42 29,863.38 28,847.47 26,392.20 13,785.31 13,849.01 21,593.65

45,368.42 29,863.38 28,847.47 26,392.20 13,785.31 13,849.01 21,593.65
156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71

156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71
175,027.95 144,857.94 146,268.54 55,206.26 133,777.53 155,889.48 104,575.64

175,027.95 144,857.94 146,268.54 55,206.26 133,777.53 155,889.48 104,575.64
125,688.14 106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85

125,688.14 106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85
6.52 5.35 4.96 0.54 3.74 4.94 2.35

6.52 5.35 4.96 0.54 3.74 4.94 2.35
HSBC Holdings PLC (5 HK) - FDIC
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
RSSD ID Number FDIC_RSSD_ID — 1,857,108.00 —
1. Interest income
a. Int and fee inc on loans:
(1) In domestic offices FDIC_DOM_INT 32,747.28 13,770.44 14,008.30
(2) In foreign offices FDIC_FOREIGN_ 204.32 238.90 282.81
b. Int inc lease financing FDIC_LEASE_IN 31.28 4.40 1.26
c. Interest income from dep inst FDIC_BALANCE_ 566.71 526.34 446.92
d. Int and div inc on securities: FDIC_SECURITY 9,066.49 9,709.91 8,348.31
e. Int inc from trading assets FDIC_TRADE_AC 1,118.46 1,527.53 848.57
f. Int inc fed funds and rev repo FDIC_FED_FUND 296.68 443.29 296.16
g. Other interest income FDIC_OTHER_IN 387.17 354.37 353.12
h. Total interest income FDIC_TOTAL_IN 44,418.40 26,575.17 24,585.45
2. Interest expense
a. Interest on deposits:
(1) In domestic offices FDIC_INT_EXPN 4,190.96 1,738.60 2,295.33
(2) In foreign offices FDIC_INT_EXP_ 317.77 211.63 161.84
b. Int exp fed funds and rev repo FDIC_INTERES 289.53 162.86 48.52
c. Int exp on trading liabilities FDIC_INTER_E 707.46 724.23 845.48
d. Int exp sub notes/debentures FDIC_INTERES 2,481.08 2,763.70 2,744.98
e. Total interest expense FDIC_TOTAL_I 7,986.79 5,601.03 6,096.15
3. Net interest income FDIC_NET_INTE 36,431.60 20,974.14 18,489.29
4. Provision for loan losses FDIC_PROVISI 8,592.94 2,013.03 2,262.37
5. Noninterest income:
a. Income fiduciary activities FDIC_FIDUCIAR 604.49 601.51 535.91
b. Service charges dep accts FDIC_SRV_CHG 1,505.58 1,354.08 1,330.15
c. Trading revenue FDIC_TRADE_A 5,383.85 3,132.37 3,523.97
d.(1)(2)(3) Invt banking FDIC_INV_BK_ 368.61 437.98 522.14
(4) Underwriting inc insurance FDIC_INSURAN 72.57 52.96 25.48
(5) Income other insurance FDIC_OTHER_I 65.71 47.10 12.05
e. Venture capital revenue FDIC_VC_REVE 0.00 0.00 0.00
f. Net servicing fees FDIC_NET_SERV 252.39 -689.25 333.30
g. Net securitization income FDIC_NET_SECU 0.00 0.00 0.00
h. Not applicable
i. Net gain (loss) loan sales FDIC_LOAN_SAL 3,659.90 -691.27 -353.55
j. Net gain (loss) sale OREO FDIC_OREO_SAL -145.22 3.18 -30.11
k. Net gain (loss) other assets FDIC_OTHER_AS 7.88 421.39 111.28
l. Other noninterest income FDIC_OTHER_N 16,629.25 10,708.45 20,060.74
m. Total noninterest income FDIC_NON_INT_ 28,405.02 15,378.48 26,071.37
6. Realized gains (losses) FDIC_SECURITI -48.00 1,093.77 964.48
7. Noninterest expense:
a. Salaries and employee benefits FDIC_SALARIES 8,771.05 8,791.39 7,473.93
b. Expenses of fixed assets FDIC_PREMISE 1,826.94 1,913.12 1,574.45
c. (1) Goodwill impairment FDIC_GOODWIL 0.00 0.00 0.00
(2) Amort/impairment other intang FDIC_AMORTIZA 1,048.43 61.70 88.62
d. Other noninterest expense FDIC_OTHER_N 25,171.88 18,418.21 27,122.87
e. Total noninterest expense FDIC_TOTAL_N 36,818.30 29,184.42 36,259.87
8. Income (loss) before tax and XO FDIC_PRETAX_N 19,425.38 5,155.17 6,038.42
9. Applicable income taxes FDIC_INCOME_ 6,391.33 2,170.72 7,258.85
10. Income (loss) before XO FDIC_INCOME_ 12,986.05 4,078.21 -255.94
11. Extraordinary items and other FDIC_NET_XO_ 48.73 6,908.02 1,867.85
14. Net income (loss) FDIC_NET_INC 13,033.02 10,982.74 1,608.02
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
13,638.96 13,744.00 15,235.60 16,695.29 17,012.59 19,746.66 21,611.76

180.43 129.90 124.34 142.10 157.76 109.88 66.75
0.22 0.22 0.21 0.16 0.00 0.00 0.00
423.33 486.58 627.90 1,280.61 3,484.40 3,449.16 2,707.21
6,650.68 5,835.05 6,857.81 7,416.04 7,405.92 8,897.32 9,339.94
912.32 1,960.66 2,637.59 2,035.96 1,625.91 1,668.74 2,278.58
75.56 71.41 178.81 1,541.08 1,710.05 1,604.60 1,771.75
319.55 322.64 456.19 332.41 409.69 575.87 605.76
22,201.07 22,550.46 26,118.47 29,443.65 31,806.31 36,052.23 38,381.74
1,303.07 1,066.68 2,537.83 5,252.33 7,382.90 10,873.97 13,843.64

82.31 60.64 112.13 458.14 441.43 303.89 314.10
99.50 172.77 258.18 406.75 810.92 950.90 1,202.29
931.29 520.98 476.27 1,020.66 1,741.38 2,865.69 2,627.66
2,774.60 2,545.89 2,082.41 1,986.98 1,924.79 1,738.21 1,903.15
5,190.77 4,366.95 5,466.81 9,124.87 12,301.42 16,732.66 19,890.82
17,010.30 18,183.50 20,651.66 20,318.78 19,504.88 19,319.57 18,490.92
1,495.28 1,486.59 2,798.24 2,885.19 -1,284.32 -571.44 1,525.62
547.71 659.27 652.04 589.90 677.62 634.76 620.88

1,099.38 1,109.61 1,013.88 918.32 897.20 844.42 1,046.27
3,234.78 1,352.45 781.80 1,726.55 2,725.90 4,984.76 4,529.42
631.90 702.18 744.09 668.24 607.06 486.96 485.46
0.00 0.00 0.00 0.00 0.00 0.00 0.00
11.19 8.48 10.58 11.06 1.87 0.19 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,498.03 716.66 432.47 -5.40 90.67 60.39 51.87
0.00 0.00 0.00 0.00 0.00 0.00 0.00
129.81 285.46 -58.54 -669.34 417.38 -63.87 1.94

17.68 32.85 30.06 47.52 50.75 28.25 -6.96
4.75 158.52 -7.55 -10.57 84.17 68.70 726.62
5,483.34 7,055.88 8,612.11 5,745.12 7,251.28 8,050.75 6,741.54
12,658.57 12,081.35 12,210.94 9,021.39 12,803.91 15,095.31 14,197.03
1,568.22 789.82 363.11 492.73 408.16 155.89 732.51
7,287.69 7,313.45 7,731.63 7,585.02 8,371.88 6,492.02 6,423.44

1,530.46 1,478.28 1,433.88 1,431.37 1,669.99 1,528.54 1,659.98
817.47 0.00 0.00 0.00 0.00 0.00 2,857.12
84.18 80.42 50.38 50.44 50.64 51.12 50.91
16,170.94 16,039.96 15,674.12 15,739.61 16,175.11 20,407.29 16,372.99
25,890.74 24,912.11 24,890.01 24,806.45 26,267.61 28,478.98 27,364.44
2,282.84 3,866.16 5,174.35 1,648.53 7,325.49 6,507.34 3,797.89
1,326.61 327.61 2,347.37 873.91 9,542.39 2,614.72 1,848.25
2,524.44 4,328.37 3,190.08 1,267.35 -1,808.74 4,048.51 2,682.15
0.00 0.00 0.00 0.00 0.00 0.00 0.00
2,520.58 4,325.92 3,186.50 1,263.29 -1,808.54 4,048.64 2,682.03
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Cash and balances due:

a. Noninterest-bearing balances FDIC_TOT_NON 12,259.63 12,512.85 10,528.54
b. Interest-bearing balances: FDIC_INTERES 62,991.04 198,733.14 109,575.73
2. Securities:
a. Held-to-maturity securities FDIC_SECS_HE 24,490.58 15,662.06 12,491.20
b. Available-for-sale securities FDIC_SECS_AVA 360,998.94 412,400.17 520,123.11
3. Federal funds sold and reverse reposFDIC_FED_FUN 64,018.98 24,146.79 24,407.57
4. Loans and lease financing receivables:
a. Loans and leases held for sale FDIC_LOANS_H 18,574.11 192,155.77 7,888.93
b. Loans and leases, net unearned incomeFDIC_TOTAL_L 579,421.97 601,405.16 469,153.82
c. LESS: Allowance for loan and lease los FDIC_LOAN_LO 16,858.37 5,772.05 5,014.18
d. Loans and leases, net FDIC_NET_LOA 562,563.60 595,633.10 464,139.63
5. Trading assets FDIC_TRADING 249,127.24 288,240.71 247,747.53
6. Premises and fixed assets FDIC_BANK_PR 4,266.19 3,882.66 2,142.89
7. Other real estate owned FDIC_OTHER_R 1,093.96 604.71 612.53
8. Not available
9. Not available
10. Intangible assets: FDIC_GOODWIL 23,547.39 21,451.39 15,222.61
11. Other assets FDIC_ALL_OTH 58,320.22 52,991.29 52,355.56
12. Total assets FDIC_TOTAL_A 1,423,677.76 1,626,258.85 1,459,346.91
13. Deposits:
a. In domestic offices FDIC_DEPOSIT 745,301.25 848,470.44 837,343.85
(1) Noninterest-bearing FDIC_NON_INT 179,377.04 258,690.17 289,511.66
(2) Interest-bearing FDIC_INTEREST 565,924.21 589,780.27 547,832.19
b. In foreign offices FDIC_DEPOSITS 254,361.29 308,991.26 153,741.98
14. Federal funds purch and repos: FDIC_FED_FUN 57,479.85 58,300.93 52,864.24
15. Trading liabilities FDIC_TRADING_L 79,942.63 97,670.75 128,857.62
16. Other borrowed money FDIC_OTHER_B 58,583.71 56,347.60 38,648.36
17. Not applicable
18. Not applicable
19. Subordinated notes and debenturesFDIC_SUBORDI 47,630.62 47,420.32 50,292.54
20. Other liabilities FDIC_ALL_OTHE 32,555.60 46,015.62 41,159.55
21. Total liabilities FDIC_TOTAL_LIA 1,275,854.95 1,463,216.92 1,302,908.14
22. Not applicable
23. Perpetual preferred stock FDIC_PERPETU 0.00 0.00 0.00
24. Common stock (par value) FDIC_COMMON 32.65 32.64 32.57
25. Surplus FDIC_SURPLUS 132,190.86 133,767.74 133,487.51
26. Retained earnings FDIC_UNDIVIDE 15,596.43 29,238.54 22,915.87
27. Not available
28. Total equity capital FDIC_TOTAL_CA 147,819.94 163,038.91 156,435.95
29. Total liabilities and equity capital FDIC_TOTAL_LI 1,423,677.76 1,626,258.85 1,459,346.91
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
7,403.58 6,910.09 7,514.49 9,584.13 8,710.25 11,863.54 13,585.55

148,205.77 232,687.46 57,952.95 152,501.46 87,153.13 120,889.47 15,722.46
10,499.82 104,407.89 108,656.67 99,297.20 109,171.24 114,882.18 103,524.38

421,820.99 229,842.52 275,298.63 286,198.38 239,838.43 245,764.58 277,783.44
16,426.56 10,957.21 153,813.23 232,793.46 254,823.00 79,640.29 138,946.63
1,786.48 4,745.53 16,239.02 12,649.29 4,794.75 3,522.48 1,627.19

493,272.95 570,713.90 622,312.90 560,205.03 519,257.35 526,265.20 517,717.06
4,700.33 5,274.83 7,071.21 7,885.20 5,316.84 4,234.93 4,961.18
488,572.62 565,439.07 615,241.69 552,319.83 513,940.51 522,030.27 512,755.88
226,196.36 163,480.34 133,104.62 132,024.47 126,931.43 172,647.56 222,229.26
2,082.03 1,918.80 1,784.31 1,567.34 1,442.10 1,236.61 6,979.51
361.27 233.42 227.90 208.28 83.83 94.12 77.63
14,782.06 14,110.37 13,889.42 12,761.15 12,767.43 12,750.95 9,822.24

57,994.32 55,879.57 52,275.38 50,284.10 54,686.93 47,212.59 44,575.42
1,394,345.38 1,385,866.74 1,419,759.29 1,529,539.82 1,409,548.28 1,330,445.39 1,347,092.66
798,935.24 909,668.02 959,237.35 1,012,751.01 991,411.24 938,744.61 1,003,006.89

281,620.02 292,906.15 229,418.24 209,196.89 220,261.97 200,927.30 188,186.28
517,315.22 616,761.87 729,819.10 803,554.13 771,149.26 737,817.31 814,820.60
155,058.71 117,951.34 90,115.59 123,494.57 48,776.15 50,794.57 37,348.35
105,613.32 59,763.01 23,143.81 28,476.05 26,286.44 11,948.08 8,896.68
90,816.79 63,295.45 57,799.90 38,075.11 38,175.16 28,521.55 25,233.27
26,984.67 12,255.53 44,969.39 77,560.38 58,924.17 62,811.80 50,334.15
49,261.41 43,655.77 35,256.35 35,168.57 33,111.96 30,762.16 22,613.29

26,069.85 31,727.66 24,562.68 30,817.30 30,702.54 20,723.19 30,212.02
1,252,739.99 1,238,316.78 1,235,085.07 1,346,343.00 1,227,387.66 1,144,305.96 1,177,644.65
0.00 0.00 19,375.25 19,384.75 19,530.75 19,580.50 19,473.00
31.03 31.03 31.02 31.03 31.26 31.34 31.17
124,781.56 125,275.14 143,805.92 143,717.94 144,657.23 145,072.74 125,581.41
16,789.89 22,241.65 21,460.02 20,057.56 17,939.82 21,453.55 24,361.27
141,602.49 147,547.82 184,672.20 183,191.28 182,159.06 186,138.14 169,446.85

1,394,345.38 1,385,866.74 1,419,759.29 1,529,539.82 1,409,548.28 1,330,445.39 1,347,092.66
HSBC Holdings PLC (5 HK) - Basel Ratios
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Basel Indicators
Basel Level Adopted Indicator BS_BASEL_LEV 2.00 2.00 2.00
Credit Risk Measurement BS_CREDIT_RI 4.00 4.00 4.00
Regulatory Ratios
Tier 1 Common Equity Ratio BS_TIER1_COM_ — — —
Core Tier 1 Capital Ratio BS_CORE_TIER1 10.50 10.10 12.30
Tier 1 Capital Ratio BS_TIER1_CAP_ 12.10 11.50 13.40
Total Risk-Based Capital Ratio BS_TOT_CAP_T 15.20 14.10 16.10
Liquidity Coverage Ratio BS_LIQUIDITY_ — — —
Net Stable Funding Ratio ARDR_NET_STA — — —
Regulatory Capital
Tier 1 Common Equity BS_TIER1_COM — — —
Core Tier 1 Capital BS_CORE_TIER1 902,546.44 951,377.43 1,075,739.66
Additional Tier 1 Capital BS_ADDITIONAL — — —
Tier 1 Capital BS_TIER1_CAPI 1,035,173.73 1,084,139.69 1,170,757.94
Tier 2 Capital BS_TIER_2_CAP 409,727.61 — 230,651.28
Total Capital Funds BS_TOT_CAP_F 1,302,371.50 1,322,916.04 1,401,409.23
Estimated Basel III Ratios

Basel III CE Tier 1 Rti % Fly Phd in (Adva BS_CE_TIER_1_ — — 9.50
Basel III Tr1 Cptl Rti % Fly Phd in (AdvancBS_TIER_1_CAP — — —
Basel III Tot Cptl Rti % Fly Phd in (AdvancBS_TOTAL_CAP — — —
Leverage Ratio - Fully loaded ARDR_SUPP_LV — — —
Estimated Basel III Capital

Basel III CE Tr1 (Amount) Fly Phd in (Adv BS_CE_TIER_1 — — —
Basel III Add Tr1 Cap (Amount) Fly Phd inBS_ADDL_TIER — — —
Basel III Tr1 Cap (Amt) Fly Phd in (Advan BS_TIER_1_CAP — — —
Basel III Tr2 Cap (Amt) Fly Phd in (Advan BS_TIER_2_CAP — — —
Basel III T Rs B Cap (Amount) Fly Phd in BS_TOT_RISK_ — — —
Basel III RWA Fully Phased in (Advanced)BS_RWA_FULLY — — —
Capital
Tangible Common Equity Ratio TCE_RATIO 4.86 5.13 5.46
Tangible Common Equity to Risk-Weighte TCE_TO_RWA 10.67 10.72 12.94
Total Loans to Total Deposits TOT_LOAN_TO_ 79.70 76.40 75.65
Loans to Deposit Ratio Percentage As Re LOANS_TO_DEP 78.10 75.00 73.40
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
3.00 3.00 3.00 3.00 3.00 3.00 3.00

4.00 4.00 4.00 4.00 4.00 4.00 4.00
10.80 10.90 11.90 13.60 14.50 14.00 14.70

— — — — — — —
12.00 12.50 13.90 16.10 17.30 17.00 17.60
14.90 15.60 17.20 20.10 20.90 20.00 20.40
— — 116.00 136.00 142.00 154.00 150.00
— — — — 100.00 100.00 —
1,017,554.44 1,032,819.48 1,014,201.34 903,732.55 985,474.77 947,868.51 965,595.97

— — — — — — —
111,716.75 151,503.45 173,912.24 166,476.23 193,823.16 204,577.06 190,001.96
1,129,271.19 1,184,322.93 1,188,113.58 1,070,208.79 1,179,297.93 1,152,445.57 1,155,597.92
275,554.54 294,578.41 283,111.15 266,237.91 249,462.36 209,346.87 196,225.53
1,404,825.73 1,478,901.35 1,471,224.73 1,336,446.70 1,424,830.71 1,356,834.66 1,340,910.78
9,420,091.62 9,458,207.22 8,548,360.30 6,646,643.08 6,806,856.99 6,777,202.66 6,569,411.28
10.90 11.10 11.90 13.60 14.50 14.00 14.70

— — — 14.90 16.40 16.60 17.20
— — — 16.80 18.30 19.40 18.90
4.40 4.80 5.00 5.40 5.60 5.50 5.30
1,027,487.05 1,054,165.97 1,014,201.34 899,328.34 985,474.77 947,868.51 965,595.97

2,830.14 47,128.20 72,618.44 88,014.52 129,145.13 176,420.31 162,560.60
1,030,317.19 1,101,294.17 1,086,819.77 987,342.86 1,114,619.90 1,124,288.81 1,128,156.57
91,083.89 110,632.65 119,777.80 126,303.28 128,223.28 191,975.05 112,733.09
1,121,401.08 1,211,926.82 1,206,597.57 1,113,646.13 1,242,843.18 1,316,263.87 1,240,889.66
9,420,867.00 9,459,758.00 8,548,360.30 6,635,492.97 6,807,146.05 6,777,343.64 6,569,372.33
1,178,213.17 1,173,459.72 1,269,892.64 1,194,410.76 1,129,244.53 1,092,819.03 1,113,240.25

5.75 5.81 6.87 6.54 5.79 5.51 5.30
12.51 12.41 14.86 17.97 16.59 16.12 16.95
73.88 73.08 72.43 68.32 71.12 72.68 72.65
72.90 72.20 71.70 67.70 70.60 72.00 72.00
HSBC Holdings PLC (5 HK) - Limited Partner
In Millions of HKD except Per Share FY 2019
12 Months Ending 12/31/2019
Limited Partner Asset Allocation
Equity Investments AST_ALLOCATI 204,832.59
Fixed Income Investments ASSET_ALLOCAT 3,743,949.08
Alternative Investments ASSET_ALLOCA 1,984,750.47
Other Investments/Other Assets AST_ALLOC_OT 3,036,900.03
Total Investment Assets ASSET_ALLOCA 8,970,432.18
Total Investments
Total Investments ASSET_ALLOCA 8,970,432.18
Total Alternative Investments

Private Equity Investments ASSET_ALLOC_ 56,806.64
Other Alternative Investments AST_ALLOCATI 35,207.18
Derivatives Investments AST_ALLOCATIO 1,892,736.65
Limited Partner Target Asset Allocation %
Total Alternative Investments Target Allocation %
Limited Partner Target Asset Allocation Max/Min % Range
Total Alternative Investments Max/Min % Range

Source: Bloomberg
HSBC Holdings PLC (5 HK) - Y9
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Balance Sheet
Total Securities FDIC_TOTAL_SE 385,489.51 428,062.22 532,614.31
Net Loans and Leases FDIC_NET_LOA 562,563.60 595,633.10 464,139.63
Goodwill and Other Intangibles FDIC_GOODWIL 23,547.39 21,451.39 15,222.61
Total Assets FDIC_TOTAL_A 1,423,677.76 1,626,258.85 1,459,346.91
Total Deposits FDIC_TOTAL_DE 999,662.54 1,157,461.70 991,085.83
Total Liabilities FDIC_TOTAL_LIA 1,275,854.95 1,463,216.92 1,302,908.14
Total Capital FDIC_TOTAL_CA 147,819.94 163,038.91 156,435.95
Tier 1 Common Equity FED_TIER_1_C 125,476.39 134,481.64 130,431.80
Risk-Weighted Assets FDIC_RISK_WE 945,810.38 926,664.87 789,585.93
Income Statement
Net Interest Income FDIC_NET_INTE 36,431.60 20,974.14 18,489.29
Provision for Loan Loss FDIC_PROVISI 8,592.94 2,013.03 2,262.37
Pre-Tax Net Operating Income FDIC_PRETAX_N 19,425.38 5,155.17 6,038.42
Net Income FDIC_NET_INC 13,033.02 10,982.74 1,608.02
Financial Ratios
Tier 1 Risk-Based Capital Ratio FDIC_TR1_RISK — 18,544.72 —
Tier 1 Common Equity Ratio FED_TIER_1_C 13.27 14.51 16.52
Total Risk-Based Capital Ratio FDIC_TOTAL_RI — 18,544.72 —
Tier 1 Capital FDIC_TIER_1_C 125,476.39 134,481.64 130,431.80
Small Bank Holding Company

Balance Sheet
Income Statement
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
432,320.81 334,250.41 383,955.30 385,495.58 349,009.67 362,079.99 382,398.08

488,572.62 565,439.07 615,241.69 552,319.83 513,940.51 522,030.27 512,755.88
14,782.06 14,110.37 13,889.42 12,761.15 12,767.43 12,750.95 9,822.24
1,394,345.38 1,385,866.74 1,419,759.29 1,529,539.82 1,409,548.28 1,330,445.39 1,347,092.66
953,993.95 1,027,619.37 1,049,352.94 1,136,245.58 1,040,187.39 989,539.17 1,040,355.24
1,252,739.99 1,238,316.78 1,235,085.07 1,346,343.00 1,227,387.66 1,144,305.96 1,177,644.65
141,602.49 147,547.82 184,672.20 183,191.28 182,159.06 186,138.14 169,446.85
122,539.37 133,895.31 152,388.26 151,392.18 151,093.23 152,816.77 140,967.02
913,942.98 0.00 0.00 0.00 0.00 0.00 0.00
17,010.30 18,183.50 20,651.66 20,318.78 19,504.88 19,319.57 18,490.92

1,495.28 1,486.59 2,798.24 2,885.19 -1,284.32 -571.44 1,525.62
2,282.84 3,866.16 5,174.35 1,648.53 7,325.49 6,507.34 3,797.89
2,520.58 4,325.92 3,186.50 1,263.29 -1,808.54 4,048.64 2,682.03
— — — — — — —
13.41 — — — — — —
— — — — — — —
122,539.37 133,895.31 171,763.51 170,776.93 170,623.98 172,397.27 160,440.02
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Balance Sheet
Total Securities FDIC_TOTAL_SE 385,489.51 428,062.22 532,614.31
Net Loans and Leases FDIC_NET_LOA 562,563.60 595,633.10 464,139.63
Goodwill and Other Intangibles FDIC_GOODWIL 23,547.39 21,451.39 15,222.61
Total Assets FDIC_TOTAL_A 1,423,677.76 1,626,258.85 1,459,346.91
Total Deposits FDIC_TOTAL_DE 999,662.54 1,157,461.70 991,085.83
Subordinated Debt FDIC_SUBORDI 47,630.62 47,420.32 50,292.54
Total Liabilities FDIC_TOTAL_LIA 1,275,854.95 1,463,216.92 1,302,908.14
Undivided Profits FDIC_UNDIVIDE 15,596.43 29,238.54 22,915.87
Total Capital FDIC_TOTAL_CA 147,819.94 163,038.91 156,435.95
Income Statement
Net Interest Income FDIC_NET_INTE 36,431.60 20,974.14 18,489.29
Provision for Loan Loss FDIC_PROVISI 8,592.94 2,013.03 2,262.37
Pre-Tax Net Operating Income FDIC_PRETAX_N 19,425.38 5,155.17 6,038.42
Net Income FDIC_NET_INC 13,033.02 10,982.74 1,608.02
Cash Dividends Total FDIC_CASH_DIV 38.84 3,347.25 8,532.78
Net Operating Income FDIC_NET_OPE 13,018.20 3,367.26 -1,219.59
Financial Ratios
Return On Asset FDIC_ROA — 0.07 —
Return On Equity FDIC_ROE — 1.02 —
Yield on Earning Assets FDIC_YIELD_EA — 0.35 —
Efficiency Ratio FDIC_EFFICIEN — 76.67 —
Texas Ratio FDIC_TEXAS_RA 16.05 17.86 13.12
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
432,320.81 334,250.41 383,955.30 385,495.58 349,009.67 362,079.99 382,398.08

488,572.62 565,439.07 615,241.69 552,319.83 513,940.51 522,030.27 512,755.88
14,782.06 14,110.37 13,889.42 12,761.15 12,767.43 12,750.95 9,822.24
1,394,345.38 1,385,866.74 1,419,759.29 1,529,539.82 1,409,548.28 1,330,445.39 1,347,092.66
953,993.95 1,027,619.37 1,049,352.94 1,136,245.58 1,040,187.39 989,539.17 1,040,355.24
49,261.41 43,655.77 35,256.35 35,168.57 33,111.96 30,762.16 22,613.29
1,252,739.99 1,238,316.78 1,235,085.07 1,346,343.00 1,227,387.66 1,144,305.96 1,177,644.65
16,789.89 22,241.65 21,460.02 20,057.56 17,939.82 21,453.55 24,361.27
141,602.49 147,547.82 184,672.20 183,191.28 182,159.06 186,138.14 169,446.85
17,010.30 18,183.50 20,651.66 20,318.78 19,504.88 19,319.57 18,490.92

1,495.28 1,486.59 2,798.24 2,885.19 -1,284.32 -571.44 1,525.62
2,282.84 3,866.16 5,174.35 1,648.53 7,325.49 6,507.34 3,797.89
2,520.58 4,325.92 3,186.50 1,263.29 -1,808.54 4,048.64 2,682.03
0.02 0.03 806.89 1,056.88 1,062.45 1,070.48 1,077.74
1,489.42 3,593.83 2,957.69 952.00 -2,069.96 3,925.36 2,103.47
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
12.82 11.17 10.92 13.65 8.94 6.08 6.41
HSBC Holdings PLC (5 HK) - Banking
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Profitability
Return on Assets RETURN_ON_AS 0.55 0.67 0.53
Annualized Return on Assets ANN_RETURN_O 0.53 0.61 0.52
Return on Common Equity RETURN_COM_ 9.24 10.59 8.06
Annualized Return on Common Equity ANN_RETURN_ 9.24 10.59 8.06
Net Interest Margin T12_NET_INT_M 2.00 2.07 1.72
Annualized Net Interest Margin ANN_NET_INT_ 2.69 2.52 2.33
Efficiency Ratio EFF_RATIO 55.22 57.48 62.82
Effective Tax Rate EFF_TAX_RATE 25.46 17.96 25.74
Basel Capital Ratio

Basel Level Adopted BS_BASEL_LEV 2.00 2.00 2.00
Tier 1 Common Equity Ratio BS_TIER1_COM_ — — —
Tier 1 Risk-Based Capital Ratio BS_TIER1_CAP_ 12.10 11.50 13.40
Total Risk-Based Capital Ratio BS_TOT_CAP_T 15.20 14.10 16.10
Liquidity Coverage Ratio ARDR_LIQUIDI — — —
Net Stable Funding Ratio ARDR_NET_STA — — —
Other Capital
Core Tier 1 Capital Ratio BS_CORE_TIER1 10.50 10.10 12.30
Assets/Equity ASSET_TO_EQY 15.85 15.39 14.70
Average Equity/Average Assets AVG_COM_EQY_ 5.73 6.12 6.36
Price/Book Value per Share PX_TO_BOOK_R 1.22 0.86 1.11
Tangible Book Value per Share TANG_BOOK_VA 51.75 56.37 60.99
Price/Tangible Book Value per Share PX_TO_TANG_B 1.54 1.05 1.33
Tang Com Equity/Risk-Wtd Assets TCE_TO_RWA 10.67 10.72 12.94
Tier 1 Common Equity BS_TIER1_COM — — —
Core Tier 1 Capital BS_CORE_TIER1 902,546.44 951,377.43 1,075,739.66
Tier 1 Capital BS_TIER1_CAPI 1,035,173.73 1,084,139.69 1,170,757.94
Total Risk Based Capital BS_TOT_CAP_F 1,302,371.50 1,322,916.04 1,401,409.23
Credit Quality
T12M Net Chg Offs/Avg Tot Loans T12M_NET_CHR — 1.14 0.88
Annualized Net Chg-Offs/Avg Tot Loans ANN_NET_CHRG 2.13 1.17 0.93
Prov Loan Losses/Total Loans PROV_FOR_LOA 1.64 1.28 0.89
Actual Loan Losses (Net) IS_ACT_LOAN_ 142,014.24 86,047.76 67,222.45
Trailing 12M Actual Loan Losses (Net) TRAIL_12M_AC 142,014.24 86,047.76 67,222.45
Actual Loan Losses/Provisions ACT_LOAN_LOS 130.21 91.15 104.27
Loan Loss Coverage LOAN_LOSS_CO 1.81 3.08 3.34
Reserve for Loan Losses BS_RSRV_LOAN 156,101.14 136,000.93 124,882.50
Res for Loan Losses/Tot Loans RSRV_FOR_LOA 2.05 1.83 1.59
Loan Loss Res/Non-Perf Assets LOAN_LOSS_RE 42.85 42.11 41.66
Non-Performing Loans BS_NON_PERF 364,318.91 322,966.29 299,735.05
Non-Performing Assets BS_NON_PERFO 364,318.91 322,966.29 299,735.05
Non-Perf Assets/Total Assets NON_PERF_ASS 1.91 1.63 1.44
Non-Perf Assets/Total Loans NON_PERFORM_ 4.79 4.34 3.81
Non-Perf Loans/Total Loans NPLS_TO_TOTA 4.79 4.34 3.81
Liquidity
Total Loans/Total Deposits TOT_LOAN_TO_ 79.70 76.40 75.65
Total Loans/Total Assets TOT_LOAN_TO_ 39.86 37.48 37.65
Deposits/Assets DEPOSITS_TO_ 50.02 49.07 49.77
Deposits/Funding DEPOSITS_TO_ 67.54 69.91 70.49
Total Loans BS_TOT_LOAN 7,605,288.39 7,439,936.80 7,857,358.61
Customer Deposits BS_CUSTOMER_ 9,542,860.88 9,738,733.91 10,386,314.51
Earning Assets EARN_ASSET 15,767,863.22 14,921,191.92 19,172,773.51
Analyst Income Statement

Net Interest Income NET_INT_INC 307,280.60 317,685.47 293,937.28
+ Non-Interest Income NON_INT_INC 252,145.20 278,725.00 264,949.24
- Non-Interest Expense NON_INT_EXP 322,018.07 357,159.71 361,834.59
Pre-Tax Pre-Provision Profit PRETAX_PRE-PR 237,407.73 239,250.77 197,051.93
Operating Income or Losses IS_OPER_INC 128,341.10 144,850.44 132,583.22
- Net Non-Operating Losses (Gains) IS_NET_NON_O -19,554.15 -25,407.99 -27,591.77
Pretax Income PRETAX_INC 147,895.25 170,258.43 160,174.99
Income Before XO Items IS_INC_BEF_XO 110,247.49 139,681.66 118,946.36
- Extraordinary Loss Net of Tax XO_GL_NET_OF 0.00 0.00 0.00
- Minority/Non Controlling Interests (CreditMIN_NONCONTR 8,017.43 8,928.60 10,138.44
Net Income/Net Profit (Losses) NET_INCOME 102,230.06 130,753.05 108,807.91
- Total Cash Preferred Dividends IS_TOT_CASH_ 699.19 700.59 698.13
Net Inc Avail to Common Shareholder EARN_FOR_CO 99,021.53 126,292.64 104,363.13
Basic EPS Before Abnormal Items IS_BASIC_EPS 5.49 6.83 7.04
Basic EPS Before XO Items IS_EARN_BEF_ 5.67 7.16 5.74
Basic Earnings per Share IS_EPS 5.67 7.16 5.74
Diluted EPS Before Abnormal Items IS_DIL_EPS_CO 5.39 6.78 7.01
Diluted EPS Before XO Items IS_DIL_EPS_BE 5.59 7.08 5.74
Diluted EPS IS_DILUTED_EP 5.59 7.08 5.74
Abnormal Losses (Gains) IS_ABNORMAL_ -4,933.21 -7,418.45 30,795.42
Tax Effect on Abnormal Items IS_TAX_EFF_O 1,381.30 1,965.89 -7,544.88
Tangible Common Equity

Total Common Equity TOT_COMMON_ 1,147,786.06 1,232,753.59 1,358,283.22
Total Intangible Assets BS_DISCLOSED_ 232,577.72 225,495.46 231,387.62
Tangible Assets TANGIBLE_ASS 18,847,228.94 19,622,664.40 20,638,205.17
Tangible Book Value per Share TANG_BOOK_VA 51.75 56.37 60.99
Growth Analysis
Loan Growth GROWTH_IN_TO — -2.10 5.82
Deposit Growth GROWTH_IN_TO 5.93 2.13 6.87
Earning Assets Growth EARN_ASSET_ 5.59 -5.29 28.75
Assets Growth ASSET_GROWT 3.82 4.11 5.36
Net Worth Growth NET_WORTH_G 15.10 7.49 10.41
Net Interest Income Growth NET_INT_INC_ -3.19 3.18 -7.15
Net Inc Growth NET_INC_GROW 125.56 27.65 -16.49
Net Revenue Growth NET_REV_GRO 2.99 6.40 -5.96
Fair Value Analysis

Fair Value Assets Recurring - Level 1 BS_FV_ASSETS 3,611,305.06 3,274,313.13 3,713,417.44
Fair Value Assets Recurring - Level 2 BS_FV_ASSETS 4,515,950.16 5,016,260.54 5,441,713.12
Fair Value Assets Recurring - Level 3 BS_FV_ASSETS 143,594.71 148,078.00 126,812.47
Fair Value Assets Recurring - Total BS_FV_ASSETS 8,270,849.93 8,438,651.66 9,281,943.03
Total Fair Value Assets/Total Assets TOT_FAIR_VAL 43.35 42.52 44.48
Total Fair Value Assets/Total Equity TOT_FAIR_VAL 686.88 654.17 653.93
Value at Risk
Average VAR - Interest Rate Risk IS_AVG_VAR_IN 400.87 — 331.23
Average VAR - Equity Risk IS_AVG_VAR_EQ 71.47 — 72.14
Average VAR - Currency Risk IS_AVG_VAR_C 211.31 — 182.29
Average VAR - Other Risks IS_AVG_VAR_O 481.67 — 207.89
VAR Diversification Benefit IS_DIVERSIFICA — — -217.97
Total Average Value-At-Risk IS_TOTAL_VALU 880.99 — 575.57
VAR Confidence Level IS_VAR_CONFI 99.00 — 99.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
0.60 0.52 0.54 0.10 0.44 0.54 0.28

0.60 0.51 0.52 0.10 0.43 0.54 0.28
8.75 7.27 6.84 0.71 5.64 7.60 3.65
8.75 7.27 6.84 0.71 5.64 7.60 3.65
1.43 1.41 1.37 1.31 1.21 1.18 1.07
2.15 1.96 1.89 1.74 1.64 1.66 1.58
59.64 67.35 66.50 82.99 67.81 64.45 75.49
21.12 21.28 19.99 51.55 30.80 24.46 34.76
3.00 3.00 3.00 3.00 3.00 3.00 3.00

10.80 10.90 11.90 13.60 14.50 14.00 14.70
12.00 12.50 13.90 16.10 17.30 17.00 17.60
14.90 15.60 17.20 20.10 20.90 20.00 20.40
— — 116.00 136.00 142.00 154.00 150.00
— — — — 100.00 100.00 —
— — — — — — —
6.81 6.79 7.82 7.38 6.66 6.41 6.01
14.03 13.17 12.20 13.01 12.74 13.17 14.09
6.66 6.80 7.28 7.60 7.01 6.53 6.20
74.89 72.19 74.20 68.45 65.64 64.07 62.54
1.14 1.02 0.83 0.92 1.23 1.01 0.98
62.57 61.06 64.51 60.12 56.48 54.54 54.80
1.34 1.21 0.96 1.04 1.42 1.19 1.11
1,178,213.17 1,173,459.72 1,269,892.64 1,194,410.76 1,129,244.53 1,092,819.03 1,113,240.25
5.75 5.81 6.87 6.54 5.79 5.51 5.30
12.51 12.41 14.86 17.97 16.59 16.12 16.95
1,017,554.44 1,032,819.48 1,014,201.34 903,732.55 985,474.77 947,868.51 965,595.97
— — — — — — —
1,129,271.19 1,184,322.93 1,188,113.58 1,070,208.79 1,179,297.93 1,152,445.57 1,155,597.92
1,404,825.73 1,478,901.35 1,471,224.73 1,336,446.70 1,424,830.71 1,356,834.66 1,340,910.78
9,420,091.62 9,458,207.22 8,548,360.30 6,646,643.08 6,806,856.99 6,777,202.66 6,569,411.28
0.51 0.52 0.35 0.31 0.27 0.19 0.24
0.60 0.58 0.37 0.33 0.28 0.19 0.24
0.65 0.41 0.41 0.39 0.20 0.18 0.27
45,368.42 29,863.38 28,847.47 26,392.20 13,785.31 13,849.01 21,593.65
41,567.68 42,061.53 26,250.35 21,959.86 19,707.78 14,860.05 19,109.91
41,567.68 42,061.53 26,250.35 21,959.86 19,707.78 14,860.05 19,109.91
91.62 140.85 91.00 83.21 142.96 107.30 88.50
5.30 4.15 6.67 3.72 7.49 11.42 6.60
117,415.79 95,659.86 74,052.21 60,868.12 58,467.25 67,552.73 68,015.29
1.38 1.25 1.02 0.90 0.77 0.87 0.84
41.57 42.13 40.22 43.07 48.38 64.75 63.77
282,455.43 227,057.45 184,126.88 141,338.09 120,856.28 104,332.74 106,649.73
282,455.43 227,057.45 184,126.88 141,338.09 120,856.28 104,332.74 106,649.73
1.36 1.11 0.99 0.77 0.61 0.52 0.50
3.33 2.97 2.54 2.10 1.59 1.35 1.31
3.33 2.97 2.54 2.10 1.59 1.35 1.31
73.88 73.08 72.43 68.32 71.12 72.68 72.65

41.01 37.47 38.76 36.60 38.48 38.71 38.51
55.51 51.27 53.52 53.57 54.11 53.27 53.00
75.96 73.06 76.87 76.56 74.43 76.68 77.76
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
8,493,876.95 7,653,076.04 7,238,663.15 6,740,883.98 7,581,430.91 7,756,392.14 8,143,413.87
11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81 10,659,586.48 10,672,492.50 11,209,554.56
19,583,462.51 19,017,967.27 17,869,204.07 17,630,693.76 18,610,179.82 21,773,711.81 22,869,239.19
278,159.86 271,538.84 253,153.80 232,158.17 220,393.55 239,547.82 238,674.09

250,716.97 231,245.38 236,121.31 162,622.50 204,208.08 208,793.15 227,626.54
528,876.82 502,784.21 489,275.11 394,780.67 424,601.64 448,340.97 466,300.62
326,514.58 347,697.82 333,974.78 331,454.92 295,546.49 298,478.59 358,575.26
202,362.25 155,086.39 155,300.33 63,325.74 129,055.15 149,862.38 107,725.36
45,368.42 29,863.38 28,847.47 26,392.20 13,785.31 13,849.01 21,593.65
156,993.82 125,223.02 126,452.86 36,933.55 115,269.83 136,013.38 86,131.71
-18,034.12 -19,634.92 -19,815.68 -18,272.71 -18,507.70 -19,876.10 -18,443.92
175,027.95 144,857.94 146,268.54 55,206.26 133,777.53 155,889.48 104,575.64
36,960.26 30,824.96 29,235.10 28,457.00 41,207.87 38,129.83 36,347.22
138,067.69 114,032.97 117,033.43 26,749.27 92,569.66 117,759.65 68,228.41
0.00 0.00 0.00 0.00 0.00 0.00 0.00
12,379.55 7,886.54 12,202.61 7,506.25 8,423.92 10,173.18 10,381.56
125,688.14 106,146.44 104,830.82 19,243.02 84,145.73 107,586.47 57,846.85
698.10 697.92 697.74 698.62 701.34 705.38 705.16
3,746.44 3,745.52 6,667.25 8,461.03 7,987.53 8,064.87 10,373.73
121,243.60 101,702.99 97,465.84 10,083.37 75,456.86 98,816.22 46,767.96
7.15 6.32 5.79 4.09 5.39 5.50 5.37
6.52 5.35 5.04 0.54 3.74 4.94 2.35
6.52 5.35 5.04 0.54 3.74 4.94 2.35
18,530.00 18,960.00 19,380.00 19,753.00 19,972.00 19,896.00 20,158.00
7.12 6.30 5.71 4.09 5.35 5.49 5.36
6.52 5.35 4.96 0.54 3.74 4.94 2.35
6.52 5.35 4.96 0.54 3.74 4.94 2.35
18,654.00 19,056.00 19,517.00 19,845.00 20,072.00 19,983.00 20,233.00
14,737.56 23,147.80 18,389.20 81,994.34 27,555.04 13,707.93 61,584.21
-3,426.48 -4,976.78 -3,723.81 -11,368.83 4,732.67 -2,604.51 -760.71
1,410,191.36 1,387,289.02 1,460,583.85 1,359,925.51 1,312,466.40 1,283,587.93 1,270,293.89

231,978.19 213,829.30 190,691.21 165,514.75 183,221.87 190,768.90 157,053.64
1,178,213.17 1,173,459.72 1,269,892.64 1,194,410.76 1,129,244.53 1,092,819.03 1,113,240.25
20,712,865.51 20,424,850.39 18,675,074.97 18,415,403.95 19,700,831.58 20,035,738.79 21,148,861.96
20,480,887.32 20,211,021.09 18,484,383.76 18,249,889.20 19,517,609.71 19,844,969.90 20,991,808.32
5.75 5.81 6.87 6.54 5.79 5.51 5.30
62.57 61.06 64.51 60.12 56.48 54.54 54.80
8.06 -9.90 -5.37 -6.92 11.63 2.05 5.57

10.66 -8.91 -4.52 -1.33 7.24 -0.13 5.61
2.10 -2.89 -5.99 -1.38 4.77 16.70 5.61
-0.79 -1.39 -8.52 -1.44 6.18 1.44 6.14
3.78 -1.63 5.33 -6.94 -4.21 -2.45 -0.49
-5.36 -2.36 -6.75 -8.41 -5.44 8.07 -0.33
15.52 -15.53 -1.21 -81.67 335.58 27.13 -46.22
58.70 71.06 77.24 780.14 105.27 80.80 172.04
-5.36 -4.91 -2.66 -19.41 7.14 4.99 4.04
3,708,402.17 3,489,045.64 3,230,962.44 3,329,191.24 3,396,397.43 3,657,465.09 3,788,300.79

4,115,383.63 4,581,585.66 3,803,795.58 3,860,069.76 3,329,649.13 2,727,023.23 3,078,525.52
121,750.17 117,130.41 110,973.68 104,266.69 96,778.77 130,594.10 131,536.22
7,945,535.97 8,187,761.72 7,145,731.70 7,293,527.70 6,822,825.33 6,515,082.42 6,998,362.52
17.90 17.08 17.30 18.08 17.24 18.25 17.91
19.87 22.43 20.37 20.96 16.90 13.61 14.56
0.59 0.57 0.59 0.57 0.49 0.65 0.62
38.36 40.09 38.26 39.61 34.63 32.52 33.09
8.24 7.55 7.25 7.37 6.26 8.58 8.76
538.03 528.04 466.80 515.19 441.37 428.23 466.33
259.07 306.31 356.62 1,353.76 1,225.01 1,043.97 750.61

39.56 53.51 151.95 158.35 130.14 176.35 126.93
117.90 131.05 113.96 86.16 81.04 74.46 54.06
127.98 106.24 120.17 514.65 479.25 540.79 532.01
-157.46 -138.03 -276.77 -484.37 -543.93 -496.90 -427.80
387.05 459.08 465.93 1,628.55 1,371.52 1,338.66 1,036.59
99.00 99.00 99.00 99.00 99.00 99.00 99.00
HSBC Holdings PLC (5 HK) - Bank Averages
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Average Assets
Investments
Cash and Due From Banks AVERAGE_CASH 1,839,208.75 2,037,535.34 2,140,778.41
Securities Repos & Fed Funds Sold BS_AVG_FED_F — — —
Investment Securities BS_AVERAGE_I 2,945,665.79 2,982,832.63 3,002,148.35
Loans
Total Loans BS_AVERAGE_T 6,672,941.03 7,341,673.78 7,244,425.19
Assets
Other Interest Earnings Assets AVG_OTHER_IN 1,825,239.99 2,278,029.21 2,349,166.02
Total Assets BS_AVERAGE_T19,423,449.92 21,489,584.17 20,981,329.76
Earning Assets BS_AVERAGE_E11,443,846.80 12,602,535.62 12,595,739.56
Average Liabilities
Deposits
Non-Interest Bearing Deposits BS_AVERAGE_N 1,108,238.05 1,261,055.08 1,372,568.13
Total Deposits BS_AVERAGE_T 7,482,198.33 8,219,594.71 8,160,240.53
Liabilities
Amounts Due to Banks BS_AVG_AMTS_ 866,224.15 824,028.49 719,306.77
Securities Sold under Repo & Federal Fu BS_AVG_FED_F — — —
Trading Liabilities AVERAGE_TRADI 2,142,674.85 2,766,115.61 2,473,586.18
Long Term Debt BS_AVERAGE_L 1,476,039.17 1,409,498.10 1,250,592.21
Interest Bearing Liabilities BS_AVERAGE_I 10,410,810.59 ### 10,860,979.63
Other Interest Bearing Liabilties AVERAGE_OTHE 8,934,771.42 ### 9,610,387.42
Stockholder Equity
Other Liabilities & Stockholders Equity AVG_OTH_LIAB 5,757,690.91 6,349,217.90 6,281,118.43
Total Liabilities & Stockholders Equity AVG_TOT_LIAB 19,413,533.45 ### 20,997,933.45
Average Interest Income

Investments
Cash and Due From Banks INT_INC_AVG_ 35,387.03 45,616.06 33,409.54
Fed Funds Sold & Resale Agreements IS_INT_INC_AV — — —
Investment Securities IS_INT_INCOME 72,832.80 79,625.71 70,418.35
Loans
Total Loans IS_INT_INCOM 343,273.60 352,240.02 318,371.93
Assets
Other Interest Earnings Assets INTEREST_INC_ 1,779.06 12,968.66 17,639.49
Earning Assets IS_INT_INCOM 453,272.48 490,450.45 439,839.33
Average Interest Expense

Deposits
Interest Earning Deposits IS_INT_EXP_AV 83,732.47 104,745.67 84,381.01
Liabilities
Amounts Due to Banks IS_INT_EXPN_ 8,825.39 12,384.84 8,998.16
Interest Expense-Average Fed Funds and IS_INT_EXP_A — — —
Trading Liabilities INT_EXPN_AVG_ 29,366.18 35,527.59 37,001.05
Long Term Debt IS_INT_EXP_A 38,308.11 40,945.47 36,884.70
Other Interest Bearing Liabilties INT_EXP_AVG_O 15,996.02 15,848.86 17,352.48
Interest Bearing Liabilities IS_INT_EXP_AV 146,861.99 173,924.84 147,616.35
Other Liabilities & Stockholders Equity INT_EX_AV_OT_ — — 26,722.98
Total Liabilities & Stockholders Equity INT_EX_AV_T_L 176,228.18 209,452.43 174,339.33
Average Yields
Investments
Cash and Due From Banks AVG_CASH_&_D 1.92 2.24 1.56
Fed Funds Sold & Resale Agreements BS_AVG_FED_F — — —
Investment Securities BS_AVG_INVEST 2.47 2.66 2.34
Loans
Total Loans BS_AVERAGE_T 5.15 4.79 4.39
Assets
Other Interest Earning Assets AVG_OTHER_IN -11.94 5.28 8.39
Earning Assets BS_AVERAGE_E 3.96 3.88 3.49
Average Rates
Deposits
Interest Earning Deposits BS_AVG_INT_B 1.12 1.27 1.03
Liabilities
Amounts Due to Banks BS_AVG_AMTS_ 1.02 1.50 1.25
Fed Funds and Repo's BS_AVG_FED_F — — —
Trading Liabilities AVERAGE_TRADI 1.37 1.28 1.08
Long Term Debt BS_AVERAGE_L 2.60 2.90 2.95
Other Interest Earning Liabilties AVG_OTHER_IN 2.73 2.32 2.37
Interest Bearing Liabilities BS_AVG_INT_BE 1.41 1.56 1.36
Other Liabilities & Stockholders Equity AVG_OT_LIAB_ — — —
Total Liabilities & Stockholders Equity AV_TOT_LIAB_ 0.91 0.97 0.83
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
1,833,484.65 1,839,013.37 1,720,490.72 1,581,971.47 1,840,062.52 1,831,148.84 1,668,258.38

886,445.43 1,537,389.01 1,257,903.23 1,304,260.26 1,357,465.25 1,608,945.35 1,752,118.23
3,049,639.32 3,100,133.28 3,069,915.36 3,340,186.27 3,045,289.23 3,025,030.61 3,255,410.46
6,957,655.32 7,221,292.36 7,050,320.22 6,709,883.89 7,048,366.43 7,620,440.81 7,957,088.42
2,050,205.52 1,993,806.83 2,005,888.63 430,845.45 189,159.22 321,817.27 354,151.56

20,873,353.66 20,780,785.42 20,101,984.63 19,752,827.63 19,699,808.17 — —
12,943,945.60 13,852,621.49 13,384,027.44 13,365,412.94 13,484,967.28 14,406,125.74 14,977,245.12
1,429,568.11 1,442,147.86 1,479,602.59 1,426,841.66 1,539,835.58 — —

8,029,059.90 8,440,065.87 8,338,340.34 8,332,813.93 8,553,843.52 8,917,899.56 8,953,552.98
477,758.14 474,670.50 432,943.84 386,004.65 369,810.85 348,767.87 409,049.84

732,036.26 1,478,707.50 914,101.04 921,078.03 1,066,855.50 1,262,581.97 1,252,892.82
2,337,478.26 1,384,354.87 1,172,923.72 1,074,985.16 1,198,332.47 — —
1,170,637.71 1,005,866.92 1,000,065.15 886,604.19 849,017.33 1,436,691.77 1,645,304.93
11,058,314.48 11,992,437.62 11,358,817.81 11,181,154.82 11,367,443.36 12,386,773.11 12,727,996.78
648,822.48 593,126.83 673,367.44 654,654.02 527,916.17 420,831.94 467,196.22
6,051,033.76 5,962,610.08 6,092,995.05 6,077,687.85 5,577,167.88 — —

20,880,923.28 20,782,949.48 20,108,500.86 19,774,507.48 19,650,420.74 — —
22,114.10 23,791.44 17,652.70 11,721.24 15,819.21 19,398.01 18,890.53

7,717.83 13,958.47 10,086.15 9,524.48 17,073.84 29,304.71 36,746.81
62,068.41 64,542.43 58,206.61 56,261.95 57,977.80 71,839.26 83,875.19
298,854.50 290,250.95 256,642.48 227,221.28 224,048.34 260,873.87 278,758.67
6,321.64 2,597.83 23,250.08 24,505.93 4,543.15 7,398.68 10,271.87

397,076.48 395,141.12 365,838.02 329,234.87 319,462.33 388,814.54 428,543.08
68,211.64 70,808.23 57,377.08 42,631.16 42,119.62 64,950.03 88,051.32
4,304.92 3,730.01 2,930.49 2,654.74 3,514.51 3,965.82 5,500.27

3,141.43 5,056.07 2,752.18 4,859.27 12,974.87 26,718.31 31,520.78
23,479.26 22,147.44 16,055.66 16,339.77 18,118.06 44,478.27 51,100.79
32,438.15 35,314.94 27,296.95 21,789.09 24,391.20 44,424.27 51,139.78
13,318.10 11,104.74 23,281.09 25,879.88 16,894.61 9,742.11 13,695.83
121,414.25 126,014.00 113,637.79 97,814.13 99,894.81 149,854.54 189,868.99
— — 16,055.66 15,416.15 18,118.06 — —
144,893.51 148,161.44 129,693.45 113,230.28 118,012.87 — —
1.21 1.29 1.03 0.74 0.86 1.06 1.13

0.87 0.91 0.80 0.73 1.26 1.82 2.08
2.03 2.08 1.90 1.68 1.91 2.37 2.56
4.29 4.02 3.64 3.38 3.19 3.42 3.48
2.91 1.68 8.13 5.68 2.41 2.30 2.88

3.07 2.85 2.73 2.46 2.37 2.70 2.84
0.85 0.84 0.69 0.51 0.49 0.73 0.98
0.90 0.79 0.68 0.69 0.95 1.14 1.34

0.43 0.34 0.30 0.53 1.22 2.11 2.50
1.00 1.60 1.37 1.52 1.51 — —
2.77 3.51 2.73 2.45 2.88 3.09 3.09
2.05 1.87 3.46 3.95 3.21 2.31 2.91
1.10 1.05 1.00 0.87 0.88 1.21 1.48
— — 0.26 0.25 0.32 — —
0.69 0.71 0.64 0.57 0.60 — —
HSBC Holdings PLC (5 HK) - Pension Analysis
12 Months Ending 12/31/2009 12/31/2010 12/31/2012
Pension Net Periodic Cost
Pension Expense (Income) IS_PENSION_E 5,333.13 8,359.26 8,362.08
Service Cost IS_SERVICE_CO 4,604.47 4,288.40 4,235.34
Interest Cost IS_INTEREST_C 10,976.32 12,321.37 12,271.63
Expected Return on Plan Assets IS_EXPECTED_ -10,389.56 -11,884.61 -13,416.81
Other Postretirement Cost

Other Postretirement Benefits Expense (I IS_OPRB_EXPE — — —
Service Cost IS_SERVICE_C — — —
Interest Cost IS_INTEREST_ — — —
Expected Return on Plan Assets IS_EXP_RETUR — — —
Pension Funded Status

Fair Value of Plan Assets IS_FAIR_VALUE 190,136.63 231,590.58 295,363.55
Projected Benefit Obligation IS_PROJECTED_ 237,502.15 253,727.51 295,115.52
Over(Under) Funded Pension IS_OVER_UNDE -47,365.52 -22,136.93 248.03
Actual Return (Loss) on Plan Assets IS_ACT_RET_L 17,790.01 28,705.83 21,595.58

Employer Contribution IS_EMPLOYER_ — — —
Benefits Paid IS_BENEFITS_P — — -11,922.56
Pension Funding Ratio PENSION_FUND 80.06 91.28 100.08
PBO to Market Capitalization PBO_TO_MARKE 15.37 18.18 19.61
Other Postretirement Funded Status

Projected Benefit Obligation IS_PROJECTED 7,264.94 8,449.03 9,921.15
Over(Under) Funded Post Ret Benefits IS_OVER_UNDE -6,163.95 -7,166.52 -8,456.23
Employer Contribution IS_EMPLOYER_ — — —

Benefits Paid IS_BENEFITS_P — — —
Other Post-Retirement Funding Ratio OTHER_POST_R 15.15 15.18 14.77
Other Post-Retirement PBO to Market CapOTHER_POSTRE 0.47 0.61 0.66
Actuarial Assumptions
Pension
Expected Rate Of Return On Plan AssetsIS_EXPECTED_ — — —
Discount Rate used on Plan Liabilities IS_DISC_RATE_ — — —
Other Postretirement Benefits
Pension Plan Asset Allocation (Amt)

Pension Plan Asset Allocation

Pension Plan Asset Allocation Target %
Expected Pension Payments
Expected Postretirement Benefits

Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
5,608.03 9,484.01 8,179.01 8,088.43 5,213.33 8,872.14 7,435.55

3,940.36 3,761.03 3,077.79 2,367.54 1,753.36 1,747.78 1,747.24
10,517.97 13,307.08 11,311.06 9,710.78 8,182.35 7,900.28 7,999.68
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
314,974.86 347,560.81 321,040.14 328,742.10 369,248.36 335,210.33 370,508.88

313,773.02 326,144.54 297,030.33 308,194.26 313,187.29 286,525.37 316,101.31
1,201.84 21,416.27 24,009.81 20,547.84 56,061.06 48,684.96 54,407.56
17,483.40 — — — — — —
— — — — — — —
-10,300.78 -12,035.31 -12,551.48 -12,947.70 -14,486.66 -13,182.81 -13,382.42
100.38 106.57 108.08 106.67 117.90 116.99 117.21
19.58 23.08 24.64 24.67 19.33 22.14 25.45
1,473.22 1,387.95 1,092.76 914.96 968.73 861.54 942.49

8,575.70 8,560.31 5,905.58 5,513.02 5,179.55 4,104.07 4,517.74
-7,102.48 -7,172.36 -4,812.81 -4,598.06 -4,210.83 -3,242.53 -3,575.24
— — — — — — —
— — — — — — —
17.18 16.21 18.50 16.60 18.70 20.99 20.86
0.54 0.61 0.49 0.44 0.32 0.32 0.36
— — — — — — —
— — — — — — —
314,974.86 347,560.81 321,040.14 328,742.10 369,248.36 335,210.33 370,508.88
314,974.86 347,560.81 321,040.14 328,742.10 369,248.36 335,210.33 370,508.88

HSBC Holdings PLC (5 HK) - Asset Quality
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Non-Perf Assets/Total Assets NON_PERF_ASS 1.91 1.63 1.44
Non-Perf Assets/Total Loans NON_PERFORM_ 4.79 4.34 3.81
Loan Loss Reserves/Non-Perf Assets LOAN_LOSS_RE 42.85 42.11 41.66
Loan Loss Reserves/Total Loans RSRV_FOR_LOA 2.05 1.83 1.59
Cap & Loan Loss Res/Non-Perf Assets CAP_LOAN_LOS 373.36 441.53 515.22
Prov for Loan Losses/Total Loans PROV_FOR_LOA 1.64 1.28 0.89
Actual Loan Loss/Prov for Loan Loss ACT_LOAN_LOS 130.21 91.15 104.27
Loan Loss Coverage LOAN_LOSS_CO 1.81 3.08 3.34
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
1.36 1.11 0.99 0.77 0.61 0.52 0.50
3.33 2.97 2.54 2.10 1.59 1.35 1.31
41.57 42.13 40.22 43.07 48.38 64.75 63.77
1.38 1.25 1.02 0.90 0.77 0.87 0.84
564.41 725.05 871.59 1,044.70 1,327.44 1,522.96 1,470.93
0.65 0.41 0.41 0.39 0.20 0.18 0.27
91.62 140.85 91.00 83.21 142.96 107.30 88.50
5.30 4.15 6.67 3.72 7.49 11.42 6.60
HSBC Holdings PLC (5 HK) - RC-A Cash
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Cash in collection, currency & coin:
a. Cash items in process of collection FDIC_COLLECT 4,114.42 6,025.39 5,631.20
b. Currency and coin FDIC_CURRENC 3,806.92 3,491.26 2,440.05
2. Balances due from US dep inst:
a. US branches of foreign banks FDIC_BAL_DUE 1,419.10 5,624.65 487.30
b. Other commercial banks in US FDIC_BALANCE 3,078.05 8,217.89 3,606.92
3. Balances due banks in foreign:
a. Foreign branches of US banks FDIC_BAL_DUE 0.00 0.00 0.00
b. Other banks in foreign countries FDIC_BAL_DUE 33,997.33 8,213.51 14,783.00
4. Balances due from Fed Reserve FDIC_BALANCE 30,251.99 185,295.69 93,641.67
5. Total FDIC_CASH_FR 75,250.67 211,245.98 120,104.27
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
3,324.16 3,171.15 2,470.17 3,028.90 2,695.65 3,130.60 2,858.47

2,378.66 2,256.63 3,126.81 2,705.30 3,193.57 4,927.68 3,447.41
118.59 773.94 0.20 5.19 214.56 — —

3,059.71 2,591.73 2,209.81 1,936.02 945.12 1,267.20 379.50
0.00 0.00 0.00 0.00 794.51 — —

3,242.19 3,254.19 5,666.19 8,380.36 8,262.92 10,831.49 8,591.78
143,603.27 227,910.75 51,584.85 145,620.43 80,346.97 112,172.90 13,613.07
155,609.35 239,597.55 65,467.44 162,085.59 95,863.37 132,753.01 29,308.01
HSBC Holdings PLC (5 HK) - RC-B Securities
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. U.S. Treasury securities FDIC_US_TREA 151,060.67 144,891.38 273,933.64

2. U.S. govt agency obligations FDIC_US_GOVT 168,518.25 216,216.18 207,843.06
3. Municipal Obligations FDIC_MUNI_SEC 3,040.74 2,882.87 2,570.10
4. Mortgage-backed securities (MBS)
a.1. RMBS pass-thru GNMA FDIC_OBLIGAT 89,816.15 125,511.90 126,952.43
a.2. RMBS pass-thru FNMA/FHLMC FDIC_OBLIGAT 647.05 475.62 1,388.51
b.1. Other RMBS US Govt FDIC_OBLIG_I 59,338.01 57,862.75 38,526.72
b.3. All other RMBS FDIC_CMOS_PR 1,703.95 1,313.17 913.29
5. ABS & structured finl products FDIC_ASSET_BA 10,601.69 2,805.76 2,659.33
6. Other debt securities:*
a. Other domestic debt secs FDIC_DOMESTI 38,760.34 11,869.03 5,439.64
b. Foreign debt securities FDIC_FOREIGN 20,869.97 51,034.64 41,485.74
7. Invsts in equity secs/funds FDIC_EQTY_SE 3,239.54 1,168.12 1,342.14
8. Total Securities FDIC_TOTAL_SE 385,489.51 428,062.22 532,614.31
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
217,045.73 93,134.95 130,949.50 162,125.17 118,464.36 104,091.25 125,236.46

171,119.28 206,174.30 245,253.06 216,711.11 217,633.45 229,200.88 229,283.95
2,049.58 1,456.04 867.98 100.12 79.46 66.44 58.47
77,956.02 91,187.76 106,775.31 43,447.63 58,993.83 49,928.47 101,260.65

1,322.33 27,509.43 33,988.04 53,370.75 44,158.98 56,442.47 39,205.86
41,160.87 33,876.41 44,962.01 62,986.84 63,924.53 80,000.79 62,404.67
140.18 81.56 53.87 42.03 20.91 17.90 15.84
4,042.93 1,418.99 1,273.16 1,288.06 4,382.40 1,169.84 1,116.86
5,169.96 1,837.48 1,396.94 1,331.34 4,403.81 1,188.67 1,133.62

35,680.57 30,358.04 4,236.79 4,036.36 7,043.05 26,099.53 25,595.32
1,255.69 1,289.61 1,251.02 1,191.47 1,385.54 0.00 0.00
432,320.81 334,250.41 383,955.30 385,495.58 349,009.67 362,079.99 382,398.08
HSBC Holdings PLC (5 HK) - RC-C Loans
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Real estate loans

a. Construction & land dvlp loans FDIC_CON_DEV 14,882.01 8,732.00 5,840.86
b. Secured by farmland FDIC_LOANS_F 3.37 0.00 0.00
c. Secd by 1-4 family properties:
(1) Home equity loans FDIC_HOME_EQU 26,296.88 23,957.13 16,570.32
(2) Closed-end loans, 1-4 family
(a) Secured by first liens FDIC_1-4_FAMIL 114,557.65 119,066.88 123,122.72
(b) Secured by junior liens FDIC_1-4_FAMIL 3,475.39 2,725.94 1,464.40
d. Multifamily residential loans FDIC_MULTIFAM 9,791.97 8,391.52 8,877.66
e. Secd by nonfarm nonres ppty: FDIC_NONFARM 39,094.97 46,377.08 51,527.47
2. Depository instit&acceptances
a. To commercial banks in the US FDIC_LOANS_U 168.13 11,978.02 1,889.10
b. To other depository inst in US FDIC_LNS_OTH 0.02 0.00 0.00
c. To banks in foreign countries FDIC_LOANS_F 17,227.35 29,493.03 31,610.90
3. Loans to farmers/agriculture FDIC_LOANS_F 772.57 1,443.17 1,648.53
4. Commercial & industrial loans FDIC_COM_IND 109,784.50 130,465.97 174,463.33
5. Not applicable
6. Loans to consumers
a. Credit cards FDIC_CREDIT_ 187,359.91 170,123.77 6,276.07
b. Other revolving credit plans FDIC_RELATED 2,160.30 1,913.34 1,230.32
c. Other consumer loans FDIC_LOANS_IN 7,100.96 5,445.40 3,783.53
7. Loans to foreign governments FDIC_LOANS_F 1,115.04 2,757.29 483.28
8. Municipal loans FDIC_MUNICIPA 212.01 132.34 20.04
9. Nondepos finl instits & other: FDIC_OTHER_L 44,646.22 37,626.97 40,247.18
10. Lease financing (net) FDIC_LEASE_FI 466.82 156.30 5.42
11. Less: Unearned Income FDIC_UNEARNE 0.00 0.00 0.00
12. Total Loans and Leases FDIC_TOTAL_L 579,421.97 601,405.16 469,153.82
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
4,234.24 7,781.59 10,319.29 13,830.67 14,254.57 14,480.79 14,209.85

0.00 0.00 0.00 0.00 0.00 0.00 0.00
14,528.23 12,971.83 11,707.47 10,422.21 8,921.58 7,374.20 6,367.77
123,851.81 129,700.47 137,926.01 140,335.25 135,337.18 136,787.67 139,363.66

1,079.86 873.35 695.45 533.02 387.39 318.59 277.86
10,791.16 17,056.79 23,000.86 14,409.41 14,883.10 18,389.11 26,265.74
54,228.79 55,066.82 58,534.35 56,397.05 53,711.09 54,185.05 48,636.24
1,156.08 1,706.01 921.93 289.55 570.32 580.48 185.34

0.70 0.00 0.25 0.00 0.00 0.00 0.00
27,934.82 30,054.04 26,595.39 8,944.24 7,374.93 6,851.96 3,147.97
964.88 2,171.17 2,410.72 1,701.58 1,952.05 1,714.70 529.57
192,772.46 250,766.07 275,904.40 234,107.12 202,844.63 205,921.77 200,736.81
5,691.11 5,501.83 5,415.55 5,332.92 5,628.82 7,978.80 10,943.48

1,056.58 824.51 750.29 694.14 681.85 900.82 621.35
3,593.86 3,257.85 2,956.82 2,774.93 2,482.78 1,211.91 1,412.17
917.67 914.13 1,234.83 1,251.79 782.92 1,269.18 379.14
18.06 0.18 0.00 0.00 0.00 0.00 0.00
50,409.23 52,049.36 63,931.30 69,180.65 69,444.15 68,300.18 64,640.10
5.20 5.04 4.84 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
493,272.95 570,713.90 622,312.90 560,205.03 519,257.35 526,265.20 517,717.06
HSBC Holdings PLC (5 HK) - RC-E Deposits
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Deposits of:
1. Individuals, prtnrshps, corps FDIC_DEPOSIT 674,822.76 755,093.38 775,418.03
2. US Government FDIC_DEPOSIT 278.93 354.09 296.50
3. States and pol subdiv in US FDIC_DEPOSITS 33,101.93 31,788.01 5,072.92
4. Commercial banks in US FDIC_DEPOSIT 4,024.76 5,675.32 8,073.44
5. Banks in foreign countries FDIC_DEPOSIT 32,660.35 55,437.07 48,195.86
6. Foreign governments FDIC_DEPOSIT 412.52 122.57 287.10
7. Total FDIC_TOTAL_DE 999,662.54 1,157,461.70 991,085.83
1. Selected components:
a. Total IRAs and Keogh Plan FDIC_IRA_&_K 7,067.36 6,154.54 3,449.83
b. Total brokered deposits FDIC_BROKERE 59,521.10 77,840.33 69,034.89
c. Fully insured brokered deposits FDIC_FULLY_I 59,427.14 77,822.89 69,034.89
2. Components of nontrans accts:
a. Savings deposits:
(1) MMDAs FDIC_MMDA 134,065.97 149,078.21 112,048.20
(2) Other savings deposits FDIC_OTHER_S 393,724.11 428,000.31 352,655.34
b. Time deposits < $100K FDIC_TIME_DEP 84,418.36 94,071.80 76,221.54
c. Time deposits > $100K FDIC_JUMBO_D 38,199.85 39,662.37 59,329.85
3. Maturity time deposits < $100K:
a. Three months or less FDIC_TIME_DPS 9,692.46 5,958.68 2,660.64
b. Over 3 through 12 months FDIC_TIME_DPS 16,410.12 11,843.76 7,554.07
c. Over 1 through 3 years FDIC_TIME_DPS 10,040.93 8,937.10 12,251.92
d. Over three years FDIC_TIME_DPS 48,274.85 67,332.26 53,754.92
4. Maturity time deposits > $100K:
a. Three months or less FDIC_TIME_DEP 20,627.26 23,057.92 42,696.18
b. Over 3 through 12 months FDIC_TIME_DEP 13,686.82 8,795.58 6,678.43
c. Over 1 through 3 years FDIC_TIME_DEP 2,164.44 6,287.44 8,997.74
d. Over three years FDIC_TIME_DEP 1,721.32 1,521.43 957.50
Part II Deposits in Foreign Offices

Deposits of:
1. Individuals, prtnrshps, corps FDIC_DEPOSITS 195,312.73 198,739.85 47,293.80
2. US banks FDIC_DEPOSIT 3,167.84 1,730.55 28.44
3. Foreign banks FDIC_DEPOSIT 52,724.39 97,346.42 99,971.67
4. Foreign governments FDIC_DEPOSIT 3,156.32 11,174.44 6,448.08
5. US Government and states FDIC_DEPOSIT 0.00 0.00 0.00
6. Total FDIC_DEPOSITS 254,361.29 308,991.26 153,741.98
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
740,697.14 845,855.81 902,482.70 964,472.43 916,620.54 860,748.56 942,541.26

230.61 289.94 204.35 167.72 196.44 18.55 3.93
4,982.41 6,107.68 5,402.58 4,461.35 4,673.11 3,370.96 2,806.69
7,575.12 7,102.18 10,063.80 5,223.83 5,420.00 4,572.69 5,824.94
45,306.90 49,908.32 35,364.43 32,625.58 46,398.74 47,763.25 31,875.91
143.05 404.09 5,719.50 5,800.10 18,102.40 22,270.60 19,954.16
953,993.95 1,027,619.37 1,049,352.94 1,136,245.58 1,040,187.39 989,539.17 1,040,355.24
280.61 222.07 140.12 0.00 0.00 0.00 0.00

60,020.91 57,634.86 123,625.91 151,608.75 144,715.00 135,525.26 196,490.75
60,020.91 57,634.86 58,104.31 99,373.03 105,589.45 103,355.31 126,353.21
122,895.45 120,970.92 159,688.59 166,711.28 142,097.07 127,383.59 123,545.81

316,873.21 314,966.09 337,971.55 330,899.85 357,889.92 337,120.04 363,702.23
63,368.36 60,226.05 56,063.34 60,368.24 63,468.12 68,630.72 60,630.40
53,478.95 127,324.11 220,026.82 202,239.38 194,743.78 181,694.51 223,925.85
950.47 1,265.28 1,903.52 1,731.63 — — —

3,653.17 7,173.81 8,888.36 7,775.53 — — —
20,231.57 21,086.06 14,145.87 11,258.98 — — —
38,533.15 30,700.90 31,125.59 39,602.11 — — —
39,745.43 82,250.16 106,212.22 86,600.02 — — —

12,479.89 42,036.13 25,494.34 47,038.31 — — —
691.01 2,860.84 35,725.57 30,794.77 — — —
562.62 176.98 52,594.69 37,806.28 — — —
47,510.81 28,757.46 24,982.77 24,920.71 15,417.19 7,910.06 6,949.00

25.04 0.00 0.00 0.00 0.00 0.00 0.00
105,475.21 87,058.02 64,364.12 98,254.05 32,966.77 42,645.37 30,081.35
2,047.65 2,135.86 768.69 319.62 392.15 239.14 318.00
0.00 0.00 0.01 0.19 0.04 0.00 0.00
155,058.71 117,951.34 90,115.59 123,494.57 48,776.15 50,794.57 37,348.35
HSBC Holdings PLC (5 HK) - RC-L Derivatives
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Unused commitments
b. Credit card lines FDIC_UNUSED_ 803,370.80 866,474.55 41,421.14
c. Commitments to fund coml RE:
(1) Secured by real estate FDIC_UNUSED_ 2,762.02 4,722.89 5,264.87
(2) Not secured by real estate FDIC_UNUSED_ 2,306.61 3,867.44 3,241.63
d. Securities underwriting FDIC_UNUSED_ 0.00 0.00 0.00
e. Other unused commitments FDIC_UNUSED_ 357,464.00 443,004.32 452,259.28
2. Finl standby letters of credit FDIC_FINANCIA 36,427.15 39,244.09 45,313.13
a. Amount conveyed FDIC_FINANCI 3,287.72 2,704.73 2,262.92
3. Perf standby letters of credit FDIC_PERFORM 23,275.74 24,682.85 23,770.97
a. Amount conveyed FDIC_PERFORM 775.44 699.91 1,462.39
4. Commercial letters of credit FDIC_COMMERC 7,565.92 10,316.10 7,615.45
5. Not applicable
6. Securities lent FDIC_SECURITI 0.00 0.00 0.00
7. Credit derivatives:
Sold Protection FDIC_NOTIONA 2,765,670.68 2,620,922.44 1,901,041.29
Purchased Protection FDIC_NOTIONAL 2,676,106.24 2,483,548.11 1,863,336.40
8. Spot foreign exchange contracts FDIC_SPOT_FX 439,109.35 466,984.38 436,573.99
12. Gross (e.g., notional) amounts:
a. Futures and forwards
Interest Rate Contracts FDIC_IR_FUTU 2,773,812.45 2,487,331.73 2,433,278.37
Commodities and Equity FDIC_OTHER_F 279,324.73 361,782.59 317,730.15
c. Written options
Interest Rate Contracts FDIC_IR_OPTIO 488,545.85 542,831.32 335,310.99
Foreign Exchange Contracts FDIC_FX_OPTIO 171,008.58 308,041.36 425,453.01
Commodities and Equity FDIC_OTHER_O 70,328.37 62,600.82 135,272.06
d. Purchased options
Interest Rate Contracts FDIC_IR_OPTI 497,041.30 522,533.63 342,351.53
Foreign Exchange Contracts FDIC_FX_OPTI 173,874.54 314,423.89 429,996.59
Commodities and Equity FDIC_OTHER_O 127,386.89 132,720.78 138,033.11
e. Swaps
Interest Rate Contracts FDIC_NOTIONA 13,781,137.25 18,057,956.19 22,027,085.08
Foreign Exchange Contracts FDIC_NOTIONA 1,388,949.08 1,529,727.89 1,669,080.22
Commodities and Equity FDIC_NOTIONA 1,920.17 27,997.75 54,384.55
13. Total gross notional amount
Interest Rate Contracts FDIC_INTERES 17,540,536.84 21,610,652.88 25,138,025.96
Commodities and Equity FDIC_OTHER_DE 478,960.16 585,101.94 645,419.88
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
41,768.45 43,817.64 46,148.75 44,250.01 47,453.36 53,328.33 48,783.21
7,999.28 14,682.03 14,445.26 11,972.06 12,165.09 15,578.76 13,895.64

4,230.17 6,717.25 5,998.59 4,406.72 2,544.70 4,679.23 3,110.17
0.00 0.00 0.00 0.00 0.00 0.00 0.00
489,000.92 600,492.20 639,253.40 563,864.71 600,920.86 665,558.88 666,505.32
42,665.45 45,406.82 49,149.04 44,527.42 42,186.98 43,555.97 46,150.41
2,054.39 3,863.21 3,873.23 2,481.12 2,129.45 2,036.14 1,950.14
25,748.11 24,977.31 23,990.76 23,653.23 28,915.84 29,594.33 30,630.51
1,156.27 1,068.06 682.17 634.32 946.86 847.43 1,193.50
4,095.84 5,113.63 3,202.94 1,879.72 1,830.33 1,701.76 984.73
0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,448,622.05 954,712.59 720,053.52 457,473.66 330,682.29 355,457.50 301,744.28

1,400,257.45 928,413.33 757,657.79 511,977.87 374,691.94 406,604.06 399,664.55
404,695.40 455,156.24 331,116.10 268,011.70 151,565.21 243,458.49 522,343.42
1,360,545.06 677,740.28 1,157,968.56 3,889,627.04 5,747,951.93 6,164,324.20 4,657,783.88

262,614.93 260,693.04 172,361.72 313,706.02 231,754.46 251,963.55 343,900.07
659,233.79 549,771.53 509,544.68 579,531.51 602,673.31 830,281.94 1,237,398.85

634,579.79 907,892.09 628,512.68 409,672.65 202,401.57 239,363.52 349,499.82
132,507.61 139,687.28 151,840.73 151,155.00 247,028.43 223,932.32 303,936.45
680,280.31 647,637.74 620,754.93 674,968.17 727,278.68 842,601.88 1,279,511.46

649,840.54 917,677.69 635,131.81 412,856.55 207,879.55 242,901.05 358,487.08
134,955.29 181,848.26 210,791.30 182,923.37 272,762.57 252,869.39 329,158.11
28,278,122.80 24,009,035.00 19,010,001.89 16,605,466.70 20,990,055.64 25,067,117.76 16,575,476.18

1,618,551.26 1,618,999.98 1,449,226.54 4,628,795.48 4,765,030.14 5,565,629.72 6,351,278.53
56,142.51 113,535.98 102,860.55 70,541.25 70,649.22 71,723.90 89,786.14
30,978,181.96 25,884,184.55 21,298,270.06 21,749,593.42 28,067,959.55 32,904,325.79 23,750,170.37
586,220.34 695,764.57 637,854.30 718,325.65 822,194.69 800,489.16 1,066,780.77
HSBC Holdings PLC (5 HK) - RC-M Memoranda
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Credit to bank executive officers

2. Intangibles other than goodwill:
a. Mortgage servicing assets FDIC_MORTGAG 3,132.59 1,765.74 1,384.53
b. Purchased credit card rels FDIC_CREDIT_ 4,382.58 3,722.31 465.91
c. All other identifiable intangible assets FDIC_ALL_OTHE 211.10 154.85 63.53
3. Other real estate owned:
a. Construction loans FDIC_OREO_CO 38.97 24.54 10.69
b. Farmland loans FDIC_OREO_FA 0.00 0.00 0.00
c. 1-4 family res properties FDIC_OREO_1-4 785.95 270.11 214.50
d. Multifamily FDIC_OREO_MUL 211.19 259.19 379.59
e. Nonfarm nonresidential FDIC_OREO_CO 57.85 50.87 7.75
f. Foreclosed from GNMA loans FDIC_OREO_IN 0.00 0.00 0.00
g. In foreign offices FDIC_OREO_FO 0.00 0.00 0.00
h. Total FDIC_OTHER_R 1,093.96 604.71 612.53
4. Not applicable
5. Other borrowed money:
a. FHLB advances FDIC_FHLB_AD 7,827.44 7,817.72 7,750.90
c. Total FDIC_OTHER_B 58,583.71 56,347.60 38,648.36
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
1,839.88 1,248.44 1,084.16 0.00 0.00 1.89 34.16

415.70 365.32 314.77 264.54 215.76 — —
30.03 0.00 0.00 0.00 0.00 0.00 —
10.69 5.43 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
219.28 227.81 227.82 208.28 83.83 94.12 77.63
78.07 0.19 0.08 0.00 0.00 0.00 0.00
53.22 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00
361.27 233.42 227.90 208.28 83.83 94.12 77.63
7,753.80 7,753.90 43,400.56 44,197.23 24,218.13 16,447.62 7,789.20

26,984.67 12,255.53 44,969.39 77,560.38 58,924.17 62,811.80 50,334.15
HSBC Holdings PLC (5 HK) - RC-N Past Due
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Real estate loans

a. Construction & land dvlp loans
Past Due 30-89 Days FDIC_PAST_DU 2.78 44.73 393.32
Past Due 90+ Days FDIC_PAST_DU 592.08 6.38 0.00
Nonaccrual FDIC_NON_ACC 2,489.45 802.83 804.04
b. Secured by farmland
Nonaccrual FDIC_NON_ACC 0.00 0.00 0.00
(1) Home equity loans
Past Due 30-89 Days FDIC_30-89_DA 657.53 417.75 323.65
Past Due 90+ Days FDIC_90+_DAY 0.00 0.00 0.00
Nonaccrual FDIC_NONACCR 545.49 570.37 400.75
(a) Secured by first liens
Past Due 30-89 Days FDIC_PAST_DUE 4,680.64 5,058.22 4,255.58
Past Due 90+ Days FDIC_PAST_DUE 272.48 0.00 0.00
Nonaccrual FDIC_NON_ACCR 8,512.69 6,938.60 7,084.88
(b) Secured by junior liens
Past Due 30-89 Days FDIC_PAST_DUE 13.73 1.15 0.00
Nonaccrual FDIC_NON_ACCR 183.19 131.86 109.50
d. Multifamily residential loans
Nonaccrual FDIC_NON_ACC 1,738.11 982.73 1,008.62
e. Secd by nonfarm nonres ppty:
Past Due 30-89 Days FDIC_30-89_D 594.86 128.52 502.99
Past Due 90+ Days FDIC_90+_DAY 542.49 63.84 174.52
Nonaccrual FDIC_NONACCR 886.58 3,006.40 1,151.61
3. Not applicable
4. Commercial & industrial loans
Past Due 30-89 Days FDIC_PAST_DUE 1,298.76 1,071.22 528.91
Nonaccrual FDIC_NON_ACC 1,041.14 665.68 424.97
Past Due 30-89 Days FDIC_PAST_DU 3,939.45 3,067.56 272.99
Past Due 90+ Days FDIC_PAST_DU 4,447.06 2,973.64 332.99
a. Credit cards
Past Due 30-89 Days FDIC_PAST_DU 3,737.25 2,882.85 112.36
Past Due 90+ Days FDIC_PAST_DU 4,251.76 2,759.57 116.79
6. Loans to foreign governments
7. All other loans
8. Lease financing:
9. Debt securities and other assets
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
0.00 0.00 0.00 10.34 10.73 554.11 103.81

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
225.22 120.52 74.84 52.36 52.65 77.32 54.41

0.00 0.00 0.00 0.00 0.00 0.00 0.00
384.18 426.91 434.44 461.81 436.77 362.51 284.38
3,780.43 2,729.77 2,499.57 2,495.35 2,197.05 3,238.17 1,978.21

0.00 0.00 0.00 0.00 0.00 0.00 0.00
6,773.39 6,822.33 6,393.86 6,295.93 3,289.92 2,676.91 2,970.15
0.00 41.95 19.03 12.21 8.54 10.50 2.70

0.00 0.00 0.00 0.00 0.00 0.00 0.00
36.09 100.15 115.48 120.84 90.62 65.34 77.62
0.00 4.87 0.00 0.00 0.03 113.37 32.57

0.00 0.00 0.00 0.00 0.00 0.00 0.00
68.09 0.61 1.63 1.15 0.91 0.00 0.00
177.14 193.13 331.08 52.69 122.74 85.17 280.61

0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,217.08 452.94 345.37 368.19 45.83 54.14 45.05
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
106.92 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 111.03 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.26 0.04 0.00 0.00 0.00 0.00 0.00
737.39 336.78 124.34 287.32 181.91 415.23 185.30

8.47 6.09 8.04 9.64 10.22 9.34 11.39
573.41 510.56 1,825.92 5,699.78 4,693.11 1,055.72 1,797.48
246.12 178.73 151.22 139.99 114.27 149.06 223.79

288.88 159.95 133.00 135.89 127.90 151.25 223.87
0.00 0.00 0.00 0.00 0.00 0.00 0.00
121.70 87.46 79.62 69.41 63.80 104.38 186.54

105.27 78.86 73.18 78.12 69.61 110.90 183.51
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.61 40.83 64.27 180.60 161.89 195.11 60.93

42.20 7.69 25.34 2.33 85.99 5.51 5.23
3.66 13.74 18.04 76.53 3.12 3.87 4.63
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
HSBC Holdings PLC (5 HK) - RC-S Servicing
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Outstanding principal balance

1-4 Family Res Loans FDIC_SCRTSTN_ 42,526.98 37,431.70 31,851.02
Home Equity Lines FDIC_SCRTSTN 0.00 0.00 0.00
Credit Card Receivables FDIC_SCRTSTN 0.00 0.00 0.00
Auto Loans FDIC_SCRTSTN 0.00 0.00 0.00
Other Consumer Loans FDIC_SCRTSTN 0.00 0.00 0.00
C&I Loans FDIC_SCRTSTN 0.00 0.00 0.00
All Other FDIC_SCRTSTN 0.00 0.00 0.00
2. Max amt cred expos arising from:
b. Subordinated securities
1-4 Family Res Loans FDIC_MAX_EXP_ 0.00 0.00 0.00
Home Equity Lines FDIC_MAX_EXP 0.00 0.00 0.00
Credit Card Receivables FDIC_MAX_EXP 0.00 0.00 0.00
Auto Loans FDIC_MAX_EXP 0.00 0.00 0.00
Other Consumer Loans FDIC_MAX_EXP 0.00 0.00 0.00
C&I Loans FDIC_MAX_EXP 0.00 0.00 0.00
All Other FDIC_MAX_EXP 0.00 0.00 0.00
3. Unused commitments to provide liq
1-4 Family Res Loans FDIC_UNUSED_S 0.00 0.00 0.00
Home Equity Lines FDIC_UNUSED_ 0.00 0.00 0.00
Credit Card Receivables FDIC_UNUSED_ 0.00 0.00 0.00
Auto Loans FDIC_UNUSED_ 0.00 0.00 0.00
Other Consumer Loans FDIC_UNUSED_ 0.00 0.00 0.00
C&I Loans FDIC_UNUSED_S 0.00 0.00 0.00
All Other FDIC_UNUSED_ 0.00 0.00 0.00
4. Past due loan amounts:
a. 30-89 days past due
Auto Loans FDIC_SCRTSTN_ 0.00 0.00 0.00
C&I Loans FDIC_SCRTSTN_ 0.00 0.00 0.00
All Other FDIC_SCRTSTN_ 0.00 0.00 0.00
b. 90 days or more past due
C&I Loans FDIC_SCRTSTN_ 0.00 0.00 0.00
5. Charge-offs and recoveries
a. Charge-offs
1-4 Family Res Loans FDIC_SCRTSTN_ 0.00 0.00 0.00
b. Recoveries
1-4 Family Res Loans FDIC_SCRTSTN_ 0.00 0.00 0.00
6. Amt ownrshp (seller's) interests:
a. Securities
Home Equity Lines FDIC_SELLER_ 0.00 0.00 0.00
Credit Card Receivables FDIC_SELLER_I 0.00 0.00 0.00
C&I Loans FDIC_SELLER_I 0.00 0.00 0.00
b. Loans
Credit Card Receivables FDIC_SELLER_ 0.00 0.00 0.00
7. Past due loan amounts
a. 30-89 days past due
Home Equity Lines FDIC_SELLER_I 0.00 0.00 0.00
b. 90 days or more past due
8. Charge-offs and recoveries
a. Charge-offs
b. Recoveries
9. Max exposure from cred enhancemts
C&I Loans FDIC_MAX_EXP 0.00 0.00 0.00
10. Unused commit to other inst
1-4 Family Res Loans FDIC_UNUSED_L 0.00 0.00 0.00
Home Equity Lines FDIC_UNUSED_ 0.00 0.00 0.00
Credit Card Receivables FDIC_UNUSED_L 0.00 0.00 0.00
Auto Loans FDIC_UNUSED_L 0.00 0.00 0.00
Other Consumer Loans FDIC_UNUSED_ 0.00 0.00 0.00
C&I Loans FDIC_UNUSED_L 0.00 0.00 0.00
All Other FDIC_UNUSED_L 0.00 0.00 0.00
11. Assets w recrs & not securitized
1-4 Family Res Loans FDIC_SCRTSTN 0.00 0.00 0.00
12. Max amt cred expos to item 11:
C&I Loans FDIC_MAX_EXP_ 0.00 0.00 0.00
1. Small bus oblig transferred:
a. Outstanding principal balance FDIC_OBLIGAT 0.00 0.00 0.00
b. Amount of retained recourse FDIC_OBLIG_R 0.00 0.00 0.00
2. Assets serviced for others:
a. 1-4 fam mortgages with recourse FDIC_SERVICE 0.00 0.00 0.00
b. 1-4 fam mortgages no recourse FDIC_SERVICE 325,731.05 294,297.30 248,728.62
c. Other financial assets FDIC_SERVICE 46,984.93 49,810.12 52,386.14
3. Asset-backed coml paper conduits:
a. Max amount of credit exposure
(1) Conduits sponsored by the bank FDIC_COMM_PA 0.00 0.00 0.00
(2) Conduits sponsored by others FDIC_COMM_PA 0.00 0.00 0.00
b. Unused commitments to conduits:
(1) Conduits sponsored by the bank FDIC_COMMIT_ 7,348.33 7,890.35 17,407.02
(2) Conduits sponsored by others FDIC_COMMIT_ 4,303.02 4,299.59 2,320.93
4. Outstanding fees in item 1 FDIC_CRED_CA 0.00 0.00 0.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
0.00 10,808.24 8,918.44 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 643.70 475.56 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 68.92 32.52 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 — —

0.00 0.00 0.00 0.00 0.00 — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00

208,972.66 179,125.36 146,707.08 7,660.72 3,114.91 2,947.80 5,839.28
47,675.63 43,302.44 30,817.53 32,623.16 31,263.06 27,129.39 21,167.34
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
15,867.24 18,145.85 25,182.13 9,102.78 8,400.86 13,032.57 6,011.91

2,321.80 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
HSBC Holdings PLC (5 HK) - RI-A Capital
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Equity capital prior year FDIC_EQUITY_ 133,738.88 147,702.03 162,272.18
2. Chg in accounting & restatements FDIC_EQUITY_ 7.45 0.00 0.00
3. Balance as restated
4. Net income FDIC_NET_INC 13,033.02 10,982.74 1,608.02
5. Sale, retirement of capital stock FDIC_SALE_CO 466.37 1,613.98 11.92
6. Treasury stock transactions
7. Chg from business combinations FDIC_CHNGS_B 0.00 0.00 0.00
8. LESS: Cash divs on preferred FDIC_CASH_DI 0.00 0.00 0.00
9. LESS: Cash divs on common FDIC_CASH_DI 38.84 3,347.25 8,532.78
10. Other comprehensive income FDIC_OTHER_C 664.83 6,036.44 1,092.87
11. Other transactions with parent FDIC_TRANSAC -58.40 68.34 -21.74
12. Equity capital end of period FDIC_TOTAL_CA 147,819.94 163,038.91 156,435.95
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
146,351.30 141,604.31 147,475.51 184,762.75 184,571.02 182,623.07 185,116.21
0.00 0.00 0.00 0.00 1,224.61 0.00 213.24
2,520.58 4,325.92 3,186.50 1,263.29 -1,808.54 4,048.64 2,682.03

0.00 0.00 37,975.49 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 805.04 1,055.21 1,059.33 1,065.43 1,065.09
0.02 0.03 1.85 1.68 3.12 5.06 12.65
-7,140.82 1,126.10 -3,149.56 -1,619.18 -615.20 491.92 1,218.72
-127.64 491.97 -8.08 -158.48 -143.15 47.03 -18,696.21
141,602.49 147,547.82 184,672.20 183,191.28 182,159.06 186,138.14 169,446.85
HSBC Holdings PLC (5 HK) - RI-B Charge-offs
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
1. Loans secured by real estate:
a. Construction & land dvlp loans
Gross Charge-Offs FDIC_GR_CHGO 631.19 14.89 0.28
Recoveries FDIC_RECOV_C 70.40 0.14 37.30
b. Secured by farmland
Recoveries FDIC_RECOV_F 0.00 0.00 0.00
Gross Charge-Offs FDIC_GR_CHGOF 2,255.81 1,375.92 1,438.40
Recoveries FDIC_RECOV_1- 30.29 38.74 85.53
(1) Home equity loans
Net Charge-Offs FDIC_NET_CHA 727.99 424.15 487.45
(a) Secured by first liens
Net Charge-Offs FDIC_NET_CHGO 1,290.18 789.60 747.75
(b) Secured by junior liens
Net Charge-Offs FDIC_NET_CHGO 207.35 123.42 117.67
d. Multifamily residential loans
Recoveries FDIC_RECOV_MU 0.01 0.00 0.00
e. Secd by nonfarm nonres ppty:
Gross Charge-Offs FDIC_GROSS_C 262.96 281.78 286.20
Recoveries FDIC_RECOVER 19.12 69.35 134.38
Recoveries FDIC_RECOV_D 0.00 0.00 0.00
3. Not applicable
Gross Charge-Offs FDIC_GR_CHAR 1,139.04 513.27 474.04
Recoveries FDIC_RECOVER 184.24 104.46 66.32
Gross Charge-Offs FDIC_GR_CHGO 19,375.42 16,069.39 680.77
Recoveries FDIC_RECOV_C 2,313.74 1,723.06 145.23
a. Credit cards
Gross Charge-Offs FDIC_GR_CHGO 18,397.71 15,750.47 483.39
Recoveries FDIC_RECOV_C 2,198.93 1,632.98 90.91
6. Loans to foreign governments
Recoveries FDIC_RECOV_F 0.00 0.00 0.00
7. All other loans
Recoveries FDIC_RECOV_O 18.26 164.27 26.37
8. Lease financing:
Recoveries FDIC_RECOV_L 0.02 0.02 0.02
9. Total Loans and Leases
Gross Charge-Offs FDIC_GROSS_C 24,133.18 18,506.16 3,504.80
Recoveries FDIC_RECOVER 2,639.51 2,101.35 495.64
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
452.49 86.19 0.31 0.00 1.82 0.00 0.00

11.35 19.01 21.20 4.65 0.00 0.09 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,000.51 529.93 342.12 409.57 74.28 109.08 96.29

105.89 201.95 114.27 133.90 114.79 148.76 115.50
258.05 10.61 25.19 14.49 12.90 8.45 -9.93
516.30 302.55 193.05 255.63 -51.15 -48.88 -12.77
120.27 14.83 9.62 5.54 -2.26 0.75 3.49
6.11 13.75 3.54 0.15 0.17 0.03 0.00

91.75 0.05 0.22 0.67 0.42 0.28 0.28
25.29 83.22 13.50 4.39 49.56 0.31 0.00

13.92 6.63 17.04 43.14 4.35 1.36 0.36
0.00 39.39 0.00 0.00 — — —

0.00 0.00 0.00 0.00 — — —
330.17 164.13 585.17 1,688.26 1,369.67 701.42 350.32

133.74 77.13 63.35 75.75 268.00 373.45 25.68
407.35 396.20 334.67 296.34 269.74 304.85 509.82

56.38 70.19 56.35 61.70 65.90 64.61 58.65
305.56 321.85 244.91 236.84 235.89 276.02 469.58

32.59 51.31 41.68 47.60 48.24 47.64 43.86
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.76 4.04 14.02 0.36 29.50 0.92 19.36

6.42 29.72 22.19 5.42 4.42 3.28 3.64
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.02 0.02 0.00 0.00 0.00 0.02 0.00
2,230.85 1,316.85 1,293.33 2,399.07 1,794.74 1,116.60 975.80

419.73 404.76 294.65 325.28 457.90 591.83 204.11
HSBC Holdings PLC (5 HK) - FDIC - Maturity
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Maturity 1-4 Family 1st Lien 3 Months FDIC_MTY_1-4_ 11,262.86 7,639.63 6,158.28
Maturity 1-4 Family 1st Lien 3-12 Months FDIC_MTY_1-4_ 25,151.17 29,293.87 21,612.29
Maturity 1-4 Family 1st Lien 1-3 Years FDIC_MTY_1-4_ 11,459.35 13,573.69 12,885.87
Maturity 1-4 Family 1st Lien > 15 Yrs FDIC_MTY_1-4_ 18,957.87 12,059.57 17,206.56
Maturity Other Loans 3 Months or Less FDIC_MTY_OTH 353,716.71 380,840.13 287,611.03

Maturity Other Loans 3-12 Months FDIC_MTY_OTH 16,819.20 71,584.27 34,818.74
Maturity Other Loans 1-3 Years FDIC_MTY_OTH 69,308.23 9,444.40 6,372.21
Maturity Other Loans Over 15 Years FDIC_MTY_OTH 3,288.12 2,399.22 2,624.04
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
10,293.38 9,184.71 10,575.73 13,353.56 17,132.73 7,615.27 5,572.00
19,214.52 17,070.33 16,799.52 27,942.80 24,164.45 24,576.72 23,271.15
10,681.74 18,750.19 22,592.00 33,058.79 30,925.83 34,326.25 32,447.37
29,182.69 25,431.67 24,643.82 24,842.57 25,397.46 27,759.26 26,717.38
35,201.00 37,738.48 41,021.65 30,668.57 29,656.10 31,046.03 37,385.25
12,505.08 14,702.75 15,899.43 4,173.03 4,770.68 8,787.23 11,000.36
263,053.16 403,119.78 413,241.01 363,238.11 351,899.57 361,202.09 356,056.52

87,327.70 16,326.26 31,171.70 18,253.19 14,788.98 13,427.45 10,332.71
6,221.51 9,374.74 28,157.34 23,398.70 4,884.06 6,500.87 4,193.17
3,573.42 3,256.20 3,054.55 3,330.04 2,300.56 2,975.62 3,054.05
5,418.28 6,351.00 5,083.59 4,571.96 4,534.15 3,573.92 1,601.09
1,437.38 1,080.50 937.83 349.46 242.48 256.02 906.69
HSBC Holdings PLC (5 HK) - FDIC - OREO
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
+ OREO Acquired in Foreclosure FDIC_OREO_AC 1,093.96 604.71 612.53
OREO 1-4 Family FDIC_OREO_1-4 785.95 270.11 214.50
OREO Multifamily FDIC_OREO_MUL 211.19 259.19 379.59
OREO Commercial FDIC_OREO_CO 57.85 50.87 7.75
OREO Construction FDIC_OREO_CO 38.97 24.54 10.69
OREO Farmland FDIC_OREO_FA 0.00 0.00 0.00
OREO Foreign Offices FDIC_OREO_FO 0.00 0.00 0.00
OREO Including Foreclosed GNMA Prop
FDIC_OREO_IN 0.00 0.00 0.00
Other Real Estate Owned FDIC_OTHER_R 1,093.96 604.71 612.53
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
361.27 233.42 227.90 208.28 83.83 94.12 77.63
219.28 227.81 227.82 208.28 83.83 94.12 77.63
78.07 0.19 0.08 0.00 0.00 0.00 0.00
53.22 0.00 0.00 0.00 0.00 0.00 0.00
10.69 5.43 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 — —
361.27 233.42 227.90 208.28 83.83 94.12 77.63
HSBC Holdings PLC (5 HK) - FDIC - Ratios
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Yield on Earning Assets FDIC_YIELD_EA — 0.35 —
Cost of Funding Earning Assets FDIC_COST_OF — 0.16 —
Net Interest Margin FDIC_NET_INTE — 0.19 —
Non-Interest Income to Earning Assets FDIC_NON_INT — 0.30 —
Non-Interest Expense to Earning Assets FDIC_NON_INT — 0.38 —
Net Operating Income to Assets FDIC_NOI_TO_A — 0.07 —
Return On Asset FDIC_ROA — 0.07 —
Pretax Return on Assets FDIC_PRETAX_ — 0.11 —
Return On Equity FDIC_ROE — 1.02 —
YTD Retained Earnings to Average EquityFDIC_YTD_R/E_ — 1.02 —
Efficiency Ratio FDIC_EFFICIEN — 76.67 —
Assets per Employee ($ millions) FDIC_ASSETS_ — 2,110.04 —
YTD Cash Dividends to Net Income FDIC_YTD_DIVI — 0.00 —
Non-Current Assets plus OREO to Assets FDIC_NONCUR_ — 0.00 —
Net Loans to Deposits FDIC_NET_LOA — 0.00 —
Net Loans to Core Deposits FDIC_NET_LOA — 0.00 —
Equity Capital to Assets FDIC_EQUITY_C — 3.91 —
Core Capital (Leverage) Ratio FDIC_CORE_CAP — 6.13 —
Average Assets FDIC_AVERAGE 1,425,552.18 1,541,900.75 1,557,484.23
Average Earning Assets FDIC_AVERAGE 1,248,467.79 1,380,803.72 1,410,914.03
Average Equity FDIC_AVERAGE 142,545.47 156,435.82 161,809.15
Average Loans FDIC_AVERAGE 592,976.15 572,529.08 518,435.14
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
1,420,885.38 1,366,729.21 1,465,426.77 1,534,226.54 1,509,486.78 1,380,719.91 1,375,995.39
1,283,839.78 1,244,790.39 1,343,487.73 1,422,498.51 1,402,358.13 1,278,307.47 1,277,406.02
144,444.51 145,244.11 178,290.01 186,349.57 186,081.60 182,427.67 172,945.65
483,768.56 525,536.64 604,695.51 596,346.70 533,750.06 516,610.94 531,766.15
HSBC Holdings PLC (5 HK) - FDIC - Bank Analysis
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Performance
Return on Average Assets FDIC_RETURN_ 0.95 0.72 0.10
Return on Average Equity FDIC_RETURN_ 9.26 7.05 1.01
Return on Average TCE FDIC_RETURN_ 11.20 8.25 1.14
Net Interest Margin FDIC_NET_INT 3.03 1.52 1.32
Non-Interest Income to Revenue FDIC_NON-INT 39.01 36.66 51.47
Pre-Provision Operating Profit FDIC_PRE_PRO 28,018.32 7,168.20 8,300.79
Pre-Prov Oper Profit to Avg Assets FDIC_PRE_PRO 2.05 0.47 0.54
Net Operating Revenue FDIC_NET_OPE 64,836.62 36,352.62 44,560.66
Net Oper Revenue per Employee FDIC_NET_OPE 6.01 3.74 6.23
Efficiency Ratio FDIC_EFFICIEN 56.79 80.28 81.37
Net Loans to Deposits FDIC_NET_LOA 56.28 51.46 46.83
Asset Quality
Nonperf Assets to Total Assets FDIC_NPA_TO_ 1.59 1.62 1.31
Nonperf Loans % Loans FDIC_NONPERF 3.72 4.27 3.96
Loan Loss Allowance to Loans FDIC_LOSS_AL 2.91 0.96 1.07
LLA to Nonperforming Assets FDIC_LOSS_AL 74.45 21.94 26.14
LLA to Nonperforming Loans FDIC_LOAN_LO 78.23 22.45 27.00
LLA to Net Charge-Offs FDIC_LOSS_AL 78.39 35.27 166.76
Loan Loss Provision to Avg Loans FDIC_T12_PRO 1.43 0.34 0.42
LLP to Net Charge-Offs FDIC_T12_LLP 39.98 12.27 75.18
LLP to Net Interest Income FDIC_PROV_LN_ 23.59 9.60 12.24
Net Charge-Offs to Average Loans FDIC_NET_CHG 3.58 2.77 0.56
Nonperf Assets to Loans & OREO FDIC_NPA_TO_ 3.90 4.37 4.08
NPA & Loans 90+ PD to Assets FDIC_NPA_LNS 2.01 1.81 1.36
NPA & 90+ PD to Equity & LLA FDIC_NPA_LNS_ 17.33 17.41 12.27
NPA & 90+ PD to Tang Eqy & LLA FDIC_NPA_LNS_ 20.23 19.95 13.54
NPA & 90+ PD to TCE & LLA FDIC_NPA_LNS_ 20.23 19.95 13.54
LLA to NPA & Loans 90+ PD FDIC_LLA_TO_N 59.06 19.64 25.32
Nonaccrual Loans to Total Assets FDIC_NON_ACC 1.17 0.87 0.77
Nonaccrual Loans to Total Loans FDIC_NON_ACC 2.87 2.36 2.39
Nonacc & 90+ PD & OREO to Assets FDIC_NON_ACC 1.66 1.10 0.85
Cash to Assets FDIC_CASH_TO 5.29 12.99 8.23
Securities to Assets FDIC_SECURITI 27.08 26.32 36.50
Capital Adequacy
Texas Ratio FDIC_TEXAS_RA 16.05 17.86 13.12
Equity Capital to Assets FDIC_EQUITY_ 10.38 10.03 10.72
Common Equity to Assets FDIC_COMMON_ 10.38 10.03 10.72
Tang Equity to Tang Assets FDIC_TANG_EQ 8.88 8.82 9.78
TCE to Tangible Assets FDIC_TANG_CO 8.88 8.82 9.78
Core Capital to Tangible Assets FDIC_CORE_CA 8.96 8.38 9.03
Tier 1 & 2 Capital to RWA FDIC_TIER_1&2 19.19 19.87 22.39
Chg in Ret Earnings to Equity FDIC_RET_EAR 10.22 9.24 -3.85
Book Value FDIC_BOOK_VA 147,819.94 163,038.91 156,435.95
Tangible Book Value FDIC_TANGIBL 124,272.55 141,587.53 141,213.34
FDIC Tier 1 Risk-Based Capital Ratio FDIC_TR1_RISK — 18,544.72 —
FDIC Total Risk-Based Capital Ratio FDIC_TOTAL_RI — 18,544.72 —
Loan Composition
Residential Loans % Loans FDIC_RESID_L 26.60 25.63 31.98
Real Estate Loans % Loans FDIC_RE_LOAN 35.97 34.83 44.21
Construction Loans % Loans FDIC_CONST_D 2.57 1.45 1.24
CRE Loans % Loans FDIC_COML_RE 6.75 7.71 10.98
Multifamily Loans % Loans FDIC_MULTIFA 1.69 1.40 1.89
1-4 Family Res Loans % Loans FDIC_1-4_FAM 24.91 24.23 30.09
1-4 Family 1st Lien % Loans FDIC_1-4_FAM_ 19.77 19.80 26.24
1-4 Family Junior Lien % Loans FDIC_1-4_FAM_ 0.60 0.45 0.31
Home Equity Loans % Loans FDIC_HOME_EQ 4.54 3.98 3.53
Farmland Loans % Loans FDIC_FARMLAN 0.00 0.00 0.00
Agriculture Loans % Loans FDIC_AGR_LOA 0.13 0.24 0.35
C&I Loans % Loans FDIC_C&I_LOA 18.95 21.69 37.19
Consumer Loans % Loans FDIC_CONSUME 33.93 29.58 2.43
Credit Card Loans % Loans FDIC_CREDIT_ 32.34 28.29 1.34
Related Plans % Loans FDIC_RELATED 0.37 0.32 0.26
Loans to Foreign Govts % Loans FDIC_LOANS_F 0.19 0.46 0.10
Municipal Loans % Loans FDIC_MUNICIP 0.04 0.02 0.00
Lease Financing Loans % Loans FDIC_LEASE_F 0.08 0.03 0.00
Deposit Composition
Retail Deposits % Deposits FDIC_RETAIL_D 70.73 63.59 71.79
Checking Accounts % Deposits FDIC_CHKG_AC 9.49 11.89 23.92
MMDAs & Savings Accts % Deposits FDIC_MMDA_&_ 52.80 49.86 46.89
CDs % Deposits FDIC_CD_%_TO 8.44 8.13 7.69
Jumbo CDs % Deposits FDIC_JUMBO_C 3.82 3.43 5.99
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
0.18 0.31 0.23 0.09 -0.12 0.29 0.20

1.69 2.99 1.92 0.69 -0.99 2.19 1.50
1.88 3.32 2.24 0.83 -1.20 2.66 1.82
1.32 1.44 1.61 1.49 1.43 1.52 1.49
36.31 34.89 31.86 23.45 28.70 29.51 27.00
3,778.12 5,352.74 7,972.58 4,533.71 6,041.18 5,935.90 5,323.51
0.26 0.39 0.57 0.31 0.41 0.43 0.40
29,668.86 30,264.86 32,862.59 29,340.16 32,308.79 34,414.88 32,687.94
4.68 4.85 5.63 5.06 5.34 7.31 7.11
87.27 82.31 75.74 84.55 81.30 82.75 83.71
51.21 55.02 58.63 48.61 49.41 52.75 49.29
1.21 1.12 1.22 1.42 0.98 0.72 0.69

3.35 2.67 2.74 3.83 2.65 1.81 1.78
0.95 0.92 1.14 1.41 1.02 0.80 0.96
27.87 34.05 40.86 36.35 38.33 44.04 53.32
28.48 34.57 41.40 36.71 38.57 44.48 53.77
259.62 578.39 708.28 380.65 396.72 807.56 646.69
0.31 0.28 0.47 0.49 -0.24 -0.11 0.29
82.56 162.99 280.19 139.13 -96.07 -108.89 197.70
8.79 8.18 13.55 14.20 -6.58 -2.96 8.25
0.38 0.17 0.17 0.35 0.25 0.10 0.15
3.42 2.71 2.78 3.87 2.67 1.83 1.80
1.23 1.13 1.23 1.43 1.00 0.74 0.71
11.76 10.25 9.11 11.43 7.52 5.14 5.47
13.08 11.29 9.83 12.25 8.07 5.51 5.80
13.08 11.29 11.03 13.74 9.08 6.19 6.58
27.32 33.67 40.47 36.11 37.73 43.30 51.97
0.66 0.60 0.64 0.85 0.61 0.32 0.38
1.86 1.46 1.47 2.32 1.65 0.80 1.00
0.71 0.63 0.67 0.87 0.63 0.34 0.41
11.16 17.29 4.61 10.60 6.80 9.98 2.18
31.01 24.12 27.04 25.20 24.76 27.21 28.39
12.82 11.17 10.92 13.65 8.94 6.08 6.41
10.16 10.65 13.01 11.98 12.92 13.99 12.58
10.16 10.65 11.64 10.71 11.54 12.52 11.13
9.19 9.73 12.15 11.24 12.13 13.16 11.94
9.19 9.73 10.77 9.96 10.73 11.67 10.48
8.88 9.76 12.22 11.26 12.22 13.08 12.00
18.13 — — — — — —
-3.92 3.85 -0.52 -0.76 -1.23 1.90 1.63
141,602.49 147,547.82 165,296.95 163,806.53 162,628.31 166,557.64 149,973.85
126,820.42 133,437.45 151,407.53 151,045.37 149,860.88 153,806.69 140,151.61
— — — — — — —
— — — — — — —
30.46 28.14 27.85 29.58 30.72 30.95 33.28

42.31 39.15 38.92 42.11 43.81 44.00 45.41
0.86 1.36 1.66 2.47 2.75 2.75 2.74
10.99 9.65 9.41 10.07 10.34 10.30 9.39
2.19 2.99 3.70 2.57 2.87 3.49 5.07
28.27 25.15 24.16 27.01 27.86 27.45 28.20
25.11 22.73 22.16 25.05 26.06 25.99 26.92
0.22 0.15 0.11 0.10 0.07 0.06 0.05
2.95 2.27 1.88 1.86 1.72 1.40 1.23
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.20 0.38 0.39 0.30 0.38 0.33 0.10
39.08 43.94 44.34 41.79 39.06 39.13 38.77
2.10 1.68 1.47 1.57 1.69 1.92 2.51
1.15 0.96 0.87 0.95 1.08 1.52 2.11
0.21 0.14 0.12 0.12 0.13 0.17 0.12
0.19 0.16 0.20 0.22 0.15 0.24 0.07
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
72.02 70.63 65.06 62.75 66.83 66.47 63.08

25.40 27.85 17.68 22.23 22.42 22.63 22.22
46.10 42.42 47.43 43.79 48.07 46.94 46.83
6.64 5.86 5.34 5.31 6.10 6.94 5.83
5.61 12.39 20.97 17.80 18.72 18.36 21.52
HSBC Holdings PLC (5 HK) - Y9 Net Charge-Offs
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Net Charge-Offs
1. Real estate loans FDIC_NET_CHG 3,481.92 1,666.90 1,478.01
a. Construction & land dvlp loans FDIC_NET_CHG 560.79 14.75 -37.02
b. Secured by farmland FDIC_NET_CHG 0.00 0.00 0.00
c. Secd by 1-4 family properties: FDIC_NET_CHGO 2,225.52 1,337.17 1,352.87
(1) Home equity loans FDIC_NET_CHA 727.99 424.15 487.45
(2) Closed-end loans, 1-4 family FED_NCO_1-4_ 1,497.53 913.02 865.42
(a) Secured by first liens FDIC_NET_CHGO 1,290.18 789.60 747.75
(b) Secured by junior liens FDIC_NET_CHGO 207.35 123.42 117.67
d. Multifamily residential loans FDIC_NET_CHGO 451.77 102.54 10.35
e. Secd by nonfarm nonres ppty: FDIC_NCO_NON 243.84 212.43 151.81
f. In foreign offices FDIC_NET_CHG 0.00 0.00 0.00
2. Depository instit&acceptances FED_NCO_LOAN 0.00 0.00 912.01
a. To US banks&depository instits FDIC_NET_CHG 0.00 0.00 456.00
b. To foreign banks FDIC_NET_CHG 0.00 0.00 456.00
3. Loans to farmers/agriculture FED_NCO_LOAN -1.66 -0.23 0.22
4. Commercial & industrial loans FED_NET_CHAR 951.47 398.72 407.72
a. Domiciled in US FDIC_NET_CHG 954.80 408.81 407.72
b. Domiciled outside the US FDIC_NET_CHG -3.33 -10.09 0.00
a. Credit cards FDIC_NET_CHG 16,198.78 14,117.48 392.47
6. Loans to foreign governments FDIC_NET_CHG 0.00 0.00 0.00
7. All other loans FDIC_NET_CHG -3.04 -16.99 131.70
% Net Charge-Offs to Loans

1. Real estate loans FED_NCO_%_RE 1.63 0.80 0.71
a. Construction & land dvlp loans FED_NCO_%_CO 3.08 0.12 -0.51
b. Secured by farmland FED_NCO_%_FA 0.00 0.00 —
c. Secd by 1-4 family properties: FED_NCO_%_1_ 1.51 0.92 0.94
(1) Home equity loans FED_NCO_%_H 2.69 1.68 2.41
(2) Closed-end loans, 1-4 family FED_NCO_%_1_ 1.25 0.76 0.70
(a) Secured by first liens FED_NCO_%_1_ 1.11 0.67 0.62
(b) Secured by junior liens FED_NCO_%_1_ 5.19 3.97 5.62
d. Multifamily residential loans FED_NCO_%_MU 4.58 1.13 0.12
e. Secd by nonfarm nonres ppty: FED_NCO_%_N 0.64 0.50 0.31
2. Depository instit&acceptances FED_NCO_%_L 0.00 0.00 2.99
b. To foreign banks FED_NCO_%_LO 0.00 0.00 1.49
3. Loans to farmers/agriculture
b. Domiciled outside the US FED_NCO_%_C& -0.02 -0.04 0.00
6. Loans to foreign governments FED_NCO_%_LO 0.00 0.00 0.00
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
1,261.49 485.45 206.75 231.75 6.27 -41.08 -19.85

441.14 67.18 -20.89 -4.65 1.82 -0.09 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
894.62 327.99 227.86 275.67 -40.51 -39.68 -19.21
258.05 10.61 25.19 14.49 12.90 8.45 -9.93
636.58 317.38 202.67 261.17 -53.41 -48.13 -9.28
516.30 302.55 193.05 255.63 -51.15 -48.88 -12.77
120.27 14.83 9.62 5.54 -2.26 0.75 3.49
-85.64 13.69 3.32 -0.52 -0.25 -0.25 -0.28
11.36 76.59 -3.54 -38.74 45.21 -1.06 -0.36
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 78.79 0.00 0.00 — — —
0.00 39.39 0.00 0.00 — — —
0.00 39.39 0.00 0.00 — — —
-0.09 -0.06 -0.04 -0.05 -0.02 0.00 0.00
196.43 106.71 831.93 2,334.07 1,708.41 576.81 324.65
196.43 87.00 521.82 1,612.51 1,101.67 327.97 324.65
0.00 19.71 310.10 721.56 606.74 248.84 0.00
272.96 270.55 203.23 189.24 187.65 228.37 425.71

0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.34 -25.68 -8.17 -5.06 25.08 -2.35 15.72
0.61 0.22 0.09 0.10 0.00 -0.02 -0.01

8.75 1.12 -0.23 -0.04 0.01 0.00 0.00
— — — — — — —
0.64 0.23 0.16 0.18 -0.03 -0.03 -0.01
1.66 0.08 0.20 0.13 0.13 0.10 -0.14
0.51 0.25 0.15 0.19 -0.04 -0.04 -0.01
0.42 0.24 0.14 0.18 -0.04 -0.04 -0.01
9.45 1.52 1.23 0.90 -0.49 0.21 1.17
-0.87 0.10 0.02 0.00 0.00 0.00 0.00
0.02 0.14 -0.01 -0.07 0.08 0.00 0.00
0.00 0.27 0.00 0.00 — — —
0.00 0.14 0.00 0.00 — — —
0.00 0.03 0.37 0.92 1.01 0.55 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

HSBC Holdings PLC (5 HK) - HC-B Securities
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Held To Maturity-Amortized Cost

7. Invsts in equity secs/funds
8. Total Securities FDIC_SECS_HE 24,490.58 15,662.06 12,491.20
Held To Maturity - Fair Value

7. Invsts in equity secs/funds
Available for Sale-Amortized Cost
Available for Sale - Fair Value

7. Invsts in equity secs/funds FDIC_EQTY_SE 3,239.54 1,168.12 1,342.14
8. Total Securities FDIC_SECS_AV 360,998.94 412,400.17 520,123.11
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
10,499.82 104,407.89 108,656.67 99,297.20 109,171.24 114,882.18 103,524.38
1,255.69 1,289.61 1,251.02 1,191.47 1,385.54 0.00 0.00

421,820.99 229,842.52 275,298.63 286,198.38 239,838.43 245,764.58 277,783.44
HSBC Holdings PLC (5 HK) - HC-K Quarterly Averages
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
ASSETS
1. Securities FDIC_QTRLY_AV 0.00 0.00 0.00
2. Federal funds sold FDIC_QTRLY_A 0.00 0.00 0.00
3. a. Total domestic loans&leases FDIC_QTRLY_A 0.00 0.00 0.00
(1)Secd by 1-4 family FDIC_QTRLY_A 0.00 0.00 0.00
(2) All other secd by real estate FDIC_QTRLY_A 0.00 0.00 0.00
(5) Consumer loans
b. Total foreign loans & leases FDIC_QTRLY_A 0.00 0.00 0.00
4. a. Trading assets FDIC_QTRLY_A 0.00 0.00 0.00
b. Other earning assets FDIC_QTRLY_A 0.00 0.00 0.00
5. Total consolidated assets FDIC_QTRLY_A 0.00 0.00 0.00
LIABILITIES
6. Int-bearing deposits (domestic) FDIC_QTRLY_A 0.00 0.00 0.00
7. Int-bearing deposits (foreign) FDIC_QTRLY_A 0.00 0.00 0.00
10. Not applicable
EQUITY CAPITAL
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
HSBC Holdings PLC (5 HK) - Y9 Overdue %
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
Overdue
1. Loans secd by real estate: FED_OVERDUE_ 16,768.80 14,165.42 13,209.33
b. Secured by farmland FED_OVERDUE_ 0.00 0.00 0.00
c. Secd by 1-4 family properties: FED_OVERDUE_ 14,865.76 13,118.11 12,174.36
(1) Home equity loans FED_OVERDUE_ 1,203.02 988.12 724.41
(2) Closed-end loans, 1-4 family FED_OVERDUE_ 13,662.74 12,129.99 11,449.96
(a) Secured by first liens FED_OVERDUE_1 13,465.80 11,996.82 11,340.46
(b) Secured by junior liens FED_OVERDUE_1 196.94 133.17 109.50
d. Multifamily residential loans FED_OVERDUE_ 1,903.04 1,047.31 1,034.97
f. Loans in foreign offices FED_OVERDUE_ 0.00 0.00 0.00
2. Depository instit&acceptances FED_OVERDUE_ 964.99 964.22 678.81
a. To US banks&depository instits FED_OVERDUE_ 482.50 482.11 339.40
b. To foreign banks FED_OVERDUE_ 482.50 482.11 339.40
3. Loans to farmers/agriculture FED_OVERDUE_ 2.25 1.32 0.73
4. Commercial & industrial loans FED_OVERDUE_ 2,366.51 1,757.49 1,058.93
5. Loans to consumers:
a. Credit cards FED_OVERDUE_ 7,989.01 5,642.41 229.15
b. Other revolv & consumer loans
6. Loans to foreign governments FED_OVERDUE_ 0.00 0.00 0.00
7. All other loans FED_OVERDUE_ 350.95 631.15 110.38
9. Debt secs&other assets(ex OREO)
10. TOTAL Loans & Leases FED_OVERDUE_ 34,147.32 27,200.47 18,390.23
Overdue as % of Loans
1. Loans secd by real estate: FED_OVERDUE 10.88 9.19 8.80
b. Secured by farmland FED_OVERDUE_ 0.00 — —
c. Secd by 1-4 family properties: FED_OVERDUE_ 10.30 9.00 8.62
(1) Home equity loans FED_OVERDUE_ 4.57 4.12 4.37
(2) Closed-end loans, 1-4 family FED_OVR_%_1_ 11.58 9.96 9.19
(a) Secured by first liens FED_OVERDUE_ 11.75 10.08 9.21
(b) Secured by junior liens FED_OVERDUE_ 5.67 4.89 7.48
d. Multifamily residential loans FED_OVERDUE_ 19.43 12.48 11.66
f. Loans in foreign offices FED_OVERDUE_ 0.00 0.00 0.00
2. Depository instit&acceptances FED_OVERDUE_ 5.60 3.27 2.15
b. To foreign banks FED_OVERDUE_ 2.80 1.63 1.07
3. Loans to farmers/agriculture FED_OVERDUE 0.29 0.09 0.04
5. Loans to consumers:
a. Credit cards FED_OVERDUE_ 4.26 3.32 3.65
b. Other revolv & consumer loans
6. Loans to foreign governments FED_OVERDUE_ 0.00 0.00 0.00
9. Debt secs&other assets(ex OREO)
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
11,267.40 10,247.11 9,538.84 9,439.66 6,076.49 6,544.11 5,400.02

0.00 0.00 0.00 0.00 0.00 0.00 0.00
11,199.30 10,241.63 9,537.21 9,438.51 6,075.56 6,430.74 5,367.45
609.40 547.43 509.28 514.18 489.42 439.83 338.78
10,589.90 9,694.20 9,027.93 8,924.34 5,586.13 5,990.91 5,028.67
10,553.81 9,552.10 8,893.43 8,791.28 5,486.97 5,915.08 4,948.35
36.09 142.10 134.50 133.06 99.16 75.83 80.31
68.09 5.48 1.63 1.15 0.94 113.37 32.57
0.00 0.00 0.00 0.00 0.00 0.00 0.00
213.83 0.00 0.00 0.00 0.00 0.00 0.00
106.92 0.00 0.00 0.00 0.00 0.00 0.00
106.92 0.00 0.00 0.00 0.00 0.00 0.00
0.26 0.04 0.00 0.00 111.03 0.00 0.00
1,319.28 853.42 1,958.30 5,996.73 4,885.24 1,480.29 1,994.17
226.97 166.32 152.81 147.53 133.40 215.28 370.06
0.00 0.00 0.00 0.00 0.00 0.00 0.00

54.46 62.26 107.65 259.46 251.01 204.48 70.79
14,677.53 12,147.59 12,565.45 16,402.96 11,745.25 9,222.62 8,342.12
7.50 6.38 5.50 5.70 3.81 4.02 3.13

— — — — — — —
8.03 7.13 6.34 6.24 4.20 4.45 3.68
4.19 4.22 4.35 4.93 5.49 5.96 5.32
8.48 7.42 6.51 6.34 4.12 4.37 3.60
8.52 7.36 6.45 6.26 4.05 4.32 3.55
3.34 16.27 19.34 24.96 25.60 23.80 28.91
0.63 0.03 0.01 0.01 0.01 0.62 0.12
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.77 0.00 0.00 0.00 0.00 0.00 0.00
0.38 0.00 0.00 0.00 0.00 0.00 0.00
0.03 0.00 0.00 0.00 5.69 0.00 0.00
3.99 3.02 2.82 2.77 2.37 2.70 3.38
0.00 0.00 0.00 0.00 0.00 0.00 0.00

HSBC Holdings PLC (5 HK) - HC-R Capital 2
12 Months Ending 12/31/2010 12/31/2011 12/31/2012
FDIC RSSD ID Number FDIC_RSSD_ID — 1,857,108.00 —
Derivatives & Off-Balance Sheet

Face Value or Notional Amount
45. Performance standby LOC FDIC_PERFORM 23,275.74 24,682.85 23,770.97
46. Commercial & similar LOC FDIC_COMMERC 7,565.92 10,316.10 7,615.45
48. Securities lent FDIC_SECURITI 0.00 0.00 0.00
53. Unused commitments:
Credit Equivalent Amount

Allocation by Risk Wgt Category-0%

50. Rcrs subj to low-level exp
Totals
56. Risk weight factor x 0%
Allocation by Risk Wgt Cat-20%

Totals

47. Bankers acceptances
Totals

54. Derivative contracts
Totals
62. Total risk-weighted assets FDIC_RISK_WE 945,810.38 926,664.87 789,585.93
Source: Bloomberg
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019
— — — — — — —
25,748.11 24,977.31 23,990.76 23,653.23 28,915.84 29,594.33 30,630.51

4,095.84 5,113.63 3,202.94 1,879.72 1,830.33 1,701.76 984.73
0.00 0.00 0.00 0.00 0.00 0.00 0.00
913,942.98 0.00 0.00 0.00 0.00 0.00 0.00

HSBC Holdings PLC Financial Highlights and Ratios

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HSBC Holdings PLC (5 HK) - Adj Highlights

In Millions of HKD FY 2013 FY 2014 FY 2015 FY 2016

Net Revenue, Adj NET_REV 529,954.99 499,410.92 479,863.44 405,174.53

Tier 1 Common Eqty % BS_TIER1_COM 10.80 10.90 11.90 13.60

422,536.57 448,082.33 459,045.28 390,600.06 388,082.73 383,998.85

14.50 14.00 14.70 15.00

P/Book PX_TO_BOOK_R 1.14 1.02 0.83

P/Tangible Book PX_TO_TANG_B 1.36 1.20 0.95

P/Sales PX_TO_SALES_ 2.43 2.22 1.97

P/Free Cash Flow PX_TO_FREE_C 24.62 9.53 4.29

Price/Share PX_LAST 84.15 74.00 61.90

Market Cap HISTORICAL_M 1,602,149.80 1,413,034.58 1,205,292.21

Market Cap / Deposits MKT_CAP_TO_D 0.14 0.13 0.12

0.92 1.23 1.01 0.98 0.50 0.49 0.48

1.05 1.43 1.18 1.12 0.56

2.52 3.08 2.15 1.89 1.63 1.65 1.67

1.68 — 80.81 3.76

62.25 79.95 64.80 60.85 31.45

1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75 640,560.26

0.13 0.15 0.12 0.11 0.05

Per Share Data Items

Cash Flow CASH_FLOW_PE 4.27 8.32 14.81

Cash & Equivalents CASH_ST_INVE 158.18 164.92 134.39

24.94 26.26 30.07 32.55 19.45

37.95 -5.02 1.27 16.87 2.87 3.76

149.14 187.22 189.05 179.89 212.86

Market Capitalization HISTORICAL_M 1,056,862.54 1,504,655.08 1,602,149.80

1,413,034.58 1,205,292.21 1,249,187.97 1,620,145.52 1,293,887.37 1,242,116.75 640,560.26

Net Income Avail to Common, Adj EARN_FOR_CO 132,554.68 119,874.01 112,131.23

Basic Weighted Avg Shares IS_AVG_NUM_S 18,530.00 18,960.00 19,380.00

80,708.89 107,744.57 109,919.64 107,591.46 70,808.34 33,678.92 63,304.15

19,753.00 19,972.00 19,896.00 20,158.00 20,162.00

2,497.63 2,411.71 953.57 737.43 826.03 587.82 —

275,662.23 269,127.12 252,200.23 231,420.74 219,567.53 238,960.00 238,674.09

20,415.40 8,770.57 8,179.01 -7,537.30 2,626.14 6,936.26 23,168.51

299,063.93 319,873.93 308,305.88 309,006.03 271,841.05 271,642.71 331,810.42

-18,034.12 -19,634.92 -19,815.68 -18,272.71 -18,507.70 -19,876.10 -18,443.92

12,379.55 7,886.54 12,202.61 7,506.25 8,423.92 10,173.18 10,381.56

121,414.25 126,014.00 113,637.79 97,814.13 99,894.81 149,854.54 189,868.99

-11,200.55 -69,311.58 -86,147.03 -61,299.75 69,659.08 -56,085.73 8,179.89

7,717.83 13,958.47 10,086.15 9,524.48 17,073.84 29,304.71 36,746.81

Basic Weighted Avg Shares IS_AVG_NUM_S 3.50 3.77 3.96

Diluted Weighted Avg Shares IS_SH_FOR_DIL 3.53 3.79 3.99

5.00 4.70 4.44 4.32 5.16

5.03 4.73 4.46 4.34 5.16

Liabilities & Shareholders' Equity

1,338,460.96 1,045,877.05 811,450.97 1,031,361.75 1,462,868.80 1,320,743.89 1,238,911.21

11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81 10,659,586.48 10,672,492.50 11,209,554.56

1.10 1.05 1.00 0.87 0.88 1.21 1.48

480,309.14 582,907.19 — 461,512.13 524,916.25 866,014.19 1,064,627.86

— 156,969.95 70,200.41 55,766.05 59,537.54 62,626.27 67,867.30

11,497,427.69 10,472,743.00 9,994,420.46 9,865,953.81 10,659,586.48 10,672,492.50 11,209,554.56

129,023.23 140,973.66 148,329.16 155,302.86 177,682.95 175,496.11 190,632.88

8,376,461.16 7,557,416.17 7,164,610.95 6,680,015.87 7,522,963.66 7,688,839.41 8,075,398.58

20,873,353.66 20,780,785.42 20,101,984.63 19,752,827.63 19,699,808.17 — —

Liabilities & Shareholders' Equity

6.46 5.12 4.35 5.60 7.43 6.59 5.86

Cash from Investing Activities

Cash from Financing Activities

Effect of Foreign Exchange Rates CF_EFFECT_FO -65,170.24 12,364.71 -3,397.40

Net Changes in Cash CF_NET_CHNG_ 399,903.35 -78,664.08 240,245.54

Cash Paid for Taxes CF_CASH_PAID 31,876.75 43,338.55 36,425.05