Annual Financial Report - 15 of 54

RNS Number : 0715I

HSBC Holdings PLC

20 March 2015

 



Profit before tax and balance sheet data - Asia

		2014
		Retail Banking and Wealth Management US$m		Commercial Banking US$m		Global Banking and Markets US$m		Global Private Banking US$m		Other US$m		Inter- segment elimination55 US$m		Total US$m
Profit before tax
Net interest income/(expense)		5,003		3,439		3,579		177		(16)		91		12,273
Net fee income		2,792		1,529		1,311		272		6		−		5,910
Trading income/(expense) excluding net interest income		216		382		1,220		142		(5)		−		1,955
Net interest income/(expense) on trading activities		(13)		(9)		771		−		9		(91)		667
Net trading income50		203		373		1,991		142		4		(91)		2,622
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		(4)		−		(4)
Net income/(expense) from other financial instruments designated at fair value		543		(6)		(2)		−		2		−		537
Net income/(expense) from financial instruments designated at fair value		543		(6)		(2)		−		(2)		−		533
Gains less losses from financial investments		1		5		46		−		148		−		200
Dividend income		1		−		1		−		177		−		179
Net insurance premium income		6,596		794		−		−		−		−		7,390
Other operating income		516		95		141		3		2,734		(1,158)		2,331
Total operating income		15,655		6,229		7,067		594		3,051		(1,158)		31,438
Net insurance claims56		(6,979)		(782)		−		−		−		−		(7,761)
Net operating income4		8,676		5,447		7,067		594		3,051		(1,158)		23,677
Loan impairment (charges)/ recoveries and other credit risk provisions		(317)		(228)		(103)		1		−		−		(647)
Net operating income		8,359		5,219		6,964		595		3,051		(1,158)		23,030
Total operating expenses		(4,191)		(1,897)		(2,686)		(384)		(2,427)		1,158		(10,427)
Operating profit		4,168		3,322		4,278		211		624		−		12,603
Share of profit in associates and joint ventures		304		1,420		298		−		−		−		2,022
Profit before tax		4,472		4,742		4,576		211		624		−		14,625
		%		%		%		%		%				%
Share of HSBC's profit before tax		23.9		25.4		24.5		1.1		3.4				78.3
Cost efficiency ratio		48.3		34.8		38.0		64.6		79.5				44.0
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		115,643		132,509		99,934		12,894		1,975				362,955
Total assets		166,577		158,747		548,865		14,905		79,477		(89,848)		878,723
Customer accounts27		286,670		155,608		104,896		29,847		470				577,491

		2013
		Retail Banking and Wealth Management US$m		Commercial Banking US$m		Global Banking and Markets US$m		Global Private Banking US$m		Other US$m		Inter- segment elimination55 US$m		Total US$m
Profit before tax
Net interest income/(expense)		4,895		3,103		3,245		205		(124)		108		11,432
Net fee income/(expense)		2,758		1,518		1,419		249		(8)		-		5,936
Trading income/(expense) excluding net interest income		238		377		1,483		175		(739)		-		1,534
Net interest income/(expense) on trading activities		(16)		(6)		608		-		14		(108)		492
Net trading income/(expense)50		222		371		2,091		175		(725)		(108)		2,026
Changes in fair value of long-term debt issued and related derivatives		-		-		-		-		(1)		-		(1)
Net income/(expense) from other financial instruments designated at fair value		315		-		7		-		(7)		-		315
Net income/(expense) from financial instruments designated at fair value		315		-		7		-		(8)		-		314
Gains less losses from financial investments		(1)		-		58		14		1,204		-		1,275
Dividend income		-		1		6		-		145		-		152
Net insurance premium income		6,263		654		1		-		-		-		6,918
Other operating income		764		97		163		12		3,871		(1,232)		3,675
Total operating income		15,216		5,744		6,990		655		4,355		(1,232)		31,728
Net insurance claims56		(6,609)		(687)		-		-		-		-		(7,296)
Net operating income4		8,607		5,057		6,990		655		4,355		(1,232)		24,432
Loan impairment charges and other credit risk provisions		(347)		(144)		(3)		(4)		-		-		(498)
Net operating income		8,260		4,913		6,987		651		4,355		(1,232)		23,934
Total operating expenses		(4,138)		(1,786)		(2,560)		(367)		(2,317)		1,232		(9,936)
Operating profit		4,122		3,127		4,427		284		2,038		-		13,998
Share of profit/(loss) in associates and joint ventures		297		1,331		248		-		(21)		-		1,855
Profit before tax		4,419		4,458		4,675		284		2,017		-		15,853
		%		%		%		%		%				%
Share of HSBC's profit before tax		19.6		19.8		20.7		1.3		8.9				70.3
Cost efficiency ratio		48.1		35.3		36.6		56.0		53.2				40.7
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		111,769		122,882		89,722		10,904		1,620				336,897
Total assets		158,456		146,898		515,023		12,994		82,453		(84,033)		831,791
Customer accounts27		278,392		141,958		96,546		31,250		337				548,483

For footnotes, see page 109.

 

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