Annual Financial Report - 10 of 48

RNS Number : 3631B

HSBC Holdings PLC

03 April 2013

 



Analysis by global business

HSBC profit/(loss) before tax and balance sheet data

	2012
	Retail    Banking             and Wealth Management         US$m		Commercial    Banking         US$m		Global    Banking and     Markets         US$m		Global Private    Banking         US$m		Other73        US$m		Inter-    segment elimination85        US$m		Total         US$m
Profit before tax
Net interest income/(expense)	20,298		10,361		6,960		1,294		(730)		(511)		37,672
Net fee income ......................	7,205		4,470		3,329		1,232		194		-		16,430
Trading income/(expense) excluding net interest income ...............................	276		617		3,588		476		(549)		-		4,408
Net interest income on trading activities .................	28		16		2,102		14		12		511		2,683
Net trading income/(expense)78	304		633		5,690		490		(537)		511		7,091
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(4,327)		-		(4,327)
Net income/(expense) from other financial instruments designated at fair value .......	1,893		250		1,094		-		(1,136)		-		2,101
Net income/(expense) from financial instruments designated at fair value .......	1,893		250		1,094		-		(5,463)		-		(2,226)
Gains less losses from financial investments .........	96		22		730		(3)		344		-		1,189
Dividend income ....................	24		18		148		6		25		-		221
Net earned insurance premiums	11,191		1,786		25		42		-		-		13,044
Gains on disposal of US branch network, US cards business and Ping An .......................	3,735		277		-		-		3,012		-		7,024
Other operating income .........	1,472		536		313		151		5,487		(5,859)		2,100
Total operating income ......	46,218		18,353		18,289		3,212		2,332		(5,859)		82,545
Net insurance claims86 ............	(12,357)		(1,802)		(16)		(40)		-		-		(14,215)
Net operating income21 ......	33,861		16,551		18,273		3,172		2,332		(5,859)		68,330
Loan impairment charges and other credit risk provisions .	(5,515)		(2,099)		(670)		(27)		-		-		(8,311)
Net operating income .........	28,346		14,452		17,603		3,145		2,332		(5,859)		60,019
Employee expenses87 .............	(5,532)		(2,247)		(3,764)		(915)		(8,033)		-		(20,491)
Other operating expenses .......	(14,237)		(5,351)		(6,143)		(1,228)		(1,336)		5,859		(22,436)
Total operating expenses .......	(19,769)		(7,598)		(9,907)		(2,143)		(9,369)		5,859		(42,927)
Operating profit/(loss) .......	8,577		6,854		7,696		1,002		(7,037)		-		17,092
Share of profit in associates and joint ventures ...............	998		1,681		824		7		47		-		3,557
Profit/(loss) before tax .......	9,575		8,535		8,520		1,009		(6,990)		-		20,649
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	46.4		41.3		41.3		4.9		(33.9)				100.0
Cost efficiency ratio ..............	58.4		45.9		54.2		67.6		-				62.8
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	378,040		288,033		283,842		45,213		2,495				997,623
Total assets  ...........................	536,244		363,659		1,942,470		118,440		201,741		(470,016)		2,692,538
Customer accounts .................	562,151		338,405		332,115		105,772		1,571				1,340,014

 

	2011
	Retail       Banking and Wealth Management          US$m		Commercial       Banking          US$m		Global      Banking and      Markets          US$m		Global Private      Banking          US$m		Other73         US$m		Inter-      segment elimination85         US$m		Total          US$m
Profit before tax
Net interest income/(expense)	24,101		9,931		7,263		1,439		(911)		(1,161)		40,662
Net fee income ......................	8,226		4,291		3,227		1,382		34		-		17,160
Trading income/(expense) excluding net interest income ...............................	(562)		565		3,306		415		(441)		-		3,283
Net interest income on trading activities .................	43		19		1,898		16		86		1,161		3,223
Net trading income/(expense)78	(519)		584		5,204		431		(355)		1,161		6,506
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		4,161		-		4,161
Net income/(expense) from other financial instruments designated at fair value .......	(761)		33		(72)		-		78		-		(722)
Net income/(expense) from financial instruments designated at fair value .......	(761)		33		(72)		-		4,239		-		3,439
Gains less losses from financial investments .........	124		20		761		3		(1)		-		907
Dividend income ....................	27		15		75		7		25		-		149
Net earned insurance premiums	10,882		1,956		47		-		(13)		-		12,872
Other operating income .........	907		483		577		30		6,127		(6,358)		1,766
Total operating income .........	42,987		17,313		17,082		3,292		9,145		(6,358)		83,461
Net insurance claims86 ............	(9,454)		(1,702)		(25)		-		-		-		(11,181)
Net operating income21 ..........	33,533		15,611		17,057		3,292		9,145		(6,358)		72,280
Loan impairment charges and other credit risk provisions .	(9,319)		(1,738)		(984)		(86)		-		-		(12,127)
Net operating income ............	24,214		13,873		16,073		3,206		9,145		(6,358)		60,153
Employee expenses87 .............	(6,538)		(2,184)		(4,196)		(1,351)		(6,897)		-		(21,166)
Other operating expenses .......	(14,664)		(5,037)		(5,526)		(915)		(595)		6,358		(20,379)
Total operating expenses .......	(21,202)		(7,221)		(9,722)		(2,266)		(7,492)		6,358		(41,545)
Operating profit .....................	3,012		6,652		6,351		940		1,653		-		18,608
Share of profit in associates and joint ventures ...............	1,258		1,295		698		4		9		-		3,264
Profit before tax ....................	4,270		7,947		7,049		944		1,662		-		21,872
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	19.6		36.3		32.2		4.3		7.6				100.0
Cost efficiency ratio ..............	63.2		46.3		57.0		68.8		81.9				57.5
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	357,907		262,039		276,463		41,856		2,164				940,429
Total assets  ...........................	540,548		334,966		1,877,627		119,839		180,126		(497,527)		2,555,579
Customer accounts .................	529,017		306,174		306,454		111,814		466				1,253,925

For footnotes, see page 120.

 

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