Annual Financial Report - 16 of 48

RNS Number : 3705B

HSBC Holdings PLC

03 April 2013

 



Profit before tax and balance sheet data - Rest of Asia-Pacific

	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 before tax
Net interest income ...............	1,787		1,396		2,156		102		137		(187)		5,391
Net fee income/(expense) ......	854		499		666		71		(7)		-		2,083
Trading income/(expense) excluding net interest income	96		188		1,002		67		(592)		-		761
Net interest income/(expense) on trading activities ............	(6)		(3)		100		-		14		187		292
Net trading income/(expense)78	90		185		1,102		67		(578)		187		1,053
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 .......	109		1		(3)		-		3		-		110
Net income/(expense) from financial instruments designated at fair value .......	109		1		(3)		-		(1)		-		106
Gains less losses from financial investments .........	(1)		2		(10)		-		25		-		16
Dividend income ....................	-		-		1		-		4		-		5
Net earned insurance premiums	569		243		-		-		-		-		812
Gain on disposal of Ping An ...	-		-		-		-		3,012		-		3,012
Other operating income .........	211		64		82		68		1,571		(172)		1,824
Total operating income ......	3,619		2,390		3,994		308		4,163		(172)		14,302
Net insurance claims86 ............	(523)		(195)		-		-		-		-		(718)
Net operating income21 ......	3,096		2,195		3,994		308		4,163		(172)		13,584
Loan impairment charges and other credit risk provisions .	(234)		(154)		(48)		-		-		-		(436)
Net operating income .........	2,862		2,041		3,946		308		4,163		(172)		13,148
Total operating expenses .......	(2,238)		(993)		(1,279)		(149)		(1,319)		172		(5,806)
Operating profit .................	624		1,048		2,667		159		2,844		-		7,342
Share of profit in associates and joint ventures ...............	893		1,554		658		-		1		-		3,106
Profit before tax ..................	1,517		2,602		3,325		159		2,845		-		10,448
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	7.3		12.6		16.1		0.8		13.8				50.6
Cost efficiency ratio ..............	72.3		45.2		32.0		48.4		31.7				42.7
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	46,027		43,968		44,721		3,238		165				138,119
Total assets ............................	55,509		59,123		201,774		12,142		24,534		(10,813)		342,269
Customer accounts .................	63,230		44,865		64,392		11,095		39				183,621

Profit before tax and balance sheet data - Rest of Asia-Pacific (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 before tax
Net interest income ...............	1,838		1,254		1,964		116		123		(193)		5,102
Net fee income/(expense) ......	904		513		621		82		(9)		-		2,111
Trading income/(expense) excluding net interest income	94		156		1,153		66		(90)		-		1,379
Net interest income/(expense) on trading activities ............	(2)		1		76		-		11		193		279
Net trading income/(expense)78	92		157		1,229		66		(79)		193		1,658
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 .......	(38)		2		1		-		15		-		(20)
Net income/(expense) from financial instruments designated at fair value .......	(38)		2		1		-		19		-		(16)
Gains less losses from financial investments .........	-		2		(25)		1		(1)		-		(23)
Dividend income ....................	-		-		2		-		-		-		2
Net earned insurance premiums	493		266		-		-		-		-		759
Other operating income .........	145		72		75		5		1,592		(178)		1,711
Total operating income .........	3,434		2,266		3,867		270		1,645		(178)		11,304
Net insurance claims86 ............	(351)		(240)		-		-		-		-		(591)
Net operating income21 ..........	3,083		2,026		3,867		270		1,645		(178)		10,713
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(222)		10		(57)		2		-		-		(267)
Net operating income ............	2,861		2,036		3,810		272		1,645		(178)		10,446
Total operating expenses .......	(2,409)		(945)		(1,268)		(181)		(1,181)		178		(5,806)
Operating profit .....................	452		1,091		2,542		91		464		-		4,640
Share of profit/(loss) in associates and joint ventures	1,189		1,155		547		-		(60)		-		2,831
Profit before tax ....................	1,641		2,246		3,089		91		404		-		7,471
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	7.5		10.3		14.1		0.4		1.9				34.2
Cost efficiency ratio ..............	78.1		46.6		32.8		67.0		71.8				54.2
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	40,970		38,404		41,114		3,190		190				123,868
Total assets ............................	54,484		50,688		195,549		12,879		16,616		(12,400)		317,816
Customer accounts .................	60,831		40,423		60,855		11,872		31				174,012

For footnotes, see page 120.

 

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