Annual Financial Report - 14 of 48

RNS Number : 3691B

HSBC Holdings PLC

03 April 2013

 



Profit/(loss) before tax and balance sheet data - Hong Kong

	2012
	Retail    Banking and Wealth Management         US$m		Commercial    Banking         US$m		Global    Banking and     Markets         US$m		Global       Private    Banking         US$m		Other         US$m		Inter-    segment elimination85        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense)	2,851		1,629		1,087		149		(482)		82		5,316
Net fee income ......................	1,769		850		548		155		13		-		3,335
Trading income/(expense) excluding net interest income ...............................	176		163		666		170		(2)		-		1,173
Net interest income on trading activities .................	10		2		352		-		8		(82)		290
Net trading income78 ..............	186		165		1,018		170		6		(82)		1,463
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income/(expense) from other financial instruments designated at fair value .......	511		(53)		23		-		(34)		-		447
Net income/(expense) from financial instruments designated at fair value .......	511		(53)		23		-		(34)		-		447
Gains less losses from financial investments .........	-		-		2		7		313		-		322
Dividend income ....................	-		1		5		-		18		-		24
Net earned insurance premiums	5,294		655		8		-		-		-		5,957
Other operating income .........	711		253		77		13		1,152		(282)		1,924
Total operating income ......	11,322		3,500		2,768		494		986		(282)		18,788
Net insurance claims86 ............	(5,757)		(602)		(7)		-		-		-		(6,366)
Net operating income21 ......	5,565		2,898		2,761		494		986		(282)		12,422
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(97)		3		17		3		-		-		(74)
Net operating income .........	5,468		2,901		2,778		497		986		(282)		12,348
Total operating expenses .......	(1,819)		(719)		(1,263)		(248)		(1,081)		282		(4,848)
Operating profit/(loss) .......	3,649		2,182		1,515		249		(95)		-		7,500
Share of profit in associates and joint ventures ...............	45		6		3		-		28		-		82
Profit/(loss) before tax .......	3,694		2,188		1,518		249		(67)		-		7,582
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	17.9		10.6		7.3		1.2		(0.3)				36.7
Cost efficiency ratio ..............	32.7		24.8		45.7		50.2		109.6				39.0
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	62,533		62,944		40,223		6,464		1,449				173,613
Total assets ............................	96,185		72,056		256,295		20,705		81,085		(7,992)		518,334
Customer accounts .................	201,649		90,152		34,171		19,566		670				346,208

Profit/(loss) before tax and balance sheet data - Hong Kong (continued)

	2011
	Retail      Banking and Wealth Management          US$m		Commercial       Banking          US$m		Global      Banking and      Markets          US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination85         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	2,571		1,317		1,051		173		(464)		43		4,691
Net fee income ......................	1,741		706		475		160		15		-		3,097
Trading income/(expense) excluding net interest income ...............................	120		169		652		135		(116)		-		960
Net interest income on trading activities .................	9		1		246		-		16		(43)		229
Net trading income/(expense)78	129		170		898		135		(100)		(43)		1,189
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income/(expense) from other financial instruments designated at fair value .......	(475)		(72)		(5)		-		15		-		(537)
Net income/(expense) from financial instruments designated at fair value .......	(475)		(72)		(5)		-		15		-		(537)
Gains less losses from financial investments .........	3		10		21		-		(10)		-		24
Dividend income ....................	-		1		14		-		24		-		39
Net earned insurance premiums	4,317		758		13		-		-		-		5,088
Other operating income .........	505		175		79		8		1,185		(268)		1,684
Total operating income .........	8,791		3,065		2,546		476		665		(268)		15,275
Net insurance claims86 ............	(3,887)		(697)		(9)		-		-		-		(4,593)
Net operating income21 ..........	4,904		2,368		2,537		476		665		(268)		10,682
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(77)		(66)		23		(36)		-		-		(156)
Net operating income ............	4,827		2,302		2,560		440		665		(268)		10,526
Total operating expenses .......	(1,811)		(703)		(1,248)		(252)		(1,012)		268		(4,758)
Operating profit/(loss) ...........	3,016		1,599		1,312		188		(347)		-		5,768
Share of profit in associates and joint ventures ...............	6		9		4		-		36		-		55
Profit/(loss) before tax ...........	3,022		1,608		1,316		188		(311)		-		5,823
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	13.8		7.3		6.0		0.9		(1.4)				26.6
Cost efficiency ratio ..............	36.9		29.7		49.2		52.9		152.2				44.5
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	56,296		54,986		39,667		5,447		1,269				157,665
Total assets ............................	85,866		63,516		238,892		20,680		84,782		(20,712)		473,024
Customer accounts .................	181,316		79,225		35,283		19,622		(101)				315,345

For footnotes, see page 120.

 

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