Annual Financial Report - 17 of 44

RNS Number : 1106A

HSBC Holdings PLC

27 March 2012

 



Profit/(loss) before tax and balance sheet data - North America

	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$m		Inter-    segment elimination64        US$m		Total         US$m
Profit/(loss) before tax
Net interest income ...............	8,931		1,528		893		187		9		(68)		11,480
Net fee income/(expense) ......	1,836		551		773		149		(1)		-		3,308
Trading income/(expense) excluding net interest income ...........................................	(946)		34		261		17		(26)		-		(660)
Net interest income/(expense) on trading activities ............	25		1		205		-		(1)		68		298
Net trading income/(expense)56	(921)		35		466		17		(27)		68		(362)
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		967		-		967
Net income/(expense) from other financial instruments designated at fair value .......	-		-		(5)		-		2		-		(3)
Net income/(expense) from financial instruments designated at fair value .......	-		-		(5)		-		969		-		964
Gains less losses from financial investments .........	58		7		195		-		2		-		262
Dividend income ....................	15		9		13		3		-		-		40
Net earned insurance premiums	236		-		-		-		-		-		236
Other operating income .........	(125)		110		193		11		2,244		(2,207)		226
Total operating income ......	10,030		2,240		2,528		367		3,196		(2,207)		16,154
Net insurance claims65 ............	(154)		-		-		-		-		-		(154)
Net operating income52 ......	9,876		2,240		2,528		367		3,196		(2,207)		16,000
Loan impairment (charges)/ recoveries and other credit risk provisions ..........	(6,929)		(105)		(11)		30		(1)		-		(7,016)
Net operating income .........	2,947		2,135		2,517		397		3,195		(2,207)		8,984
Total operating expenses .......	(5,615)		(1,166)		(1,642)		(307)		(2,396)		2,207		(8,919)
Operating profit/(loss) .......	(2,668)		969		875		90		799		-		65
Share of profit/(loss) in associates and joint ventures	3		33		-		-		(1)		-		35
Profit/(loss) before tax .......	(2,665)		1,002		875		90		798		-		100
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(12.2)		4.6		4.0		0.4		3.7				0.5
Cost efficiency ratio ..............	56.9		52.1		65.0		83.7		75.0				55.7
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) reported in:
- loans and advances to customers (net) ................	86,490		32,215		19,289		4,753		-				142,747
- assets held for sale (disposal groups) ..............	31,058		520		-		-		-				31,578
Total assets ............................	144,278		43,747		320,783		7,138		10,378		(22,022)		504,302
Customer accounts reported in:
- customer accounts ...........	63,558		47,003		30,465		14,862		94				155,982
- liabilities of disposal groups held for sale ..........	10,104		5,040		-		-		-				15,144

	2010
	Retail      Banking and Wealth     Manage-          ment17         US$m		Commercial       Banking          US$m		Global      Banking             and     Markets17         US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination64         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	9,912		1,525		952		190		(71)		(69)		12,439
Net fee income/(expense) ......	2,142		534		845		149		(6)		-		3,664
Trading income/(expense) excluding net interest income ...........................................	(472)		17		563		13		(12)		-		109
Net interest income on trading activities .................	24		2		93		-		17		69		205
Net trading income/(expense)56	(448)		19		656		13		5		69		314
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		111		-		111
Net income/(expense) from other financial instruments designated at fair value .......	6		-		(2)		-		(4)		-		-
Net income/(expense) from financial instruments designated at fair value .......	6		-		(2)		-		107		-		111
Gains less losses from financial investments .........	5		(6)		141		-		3		-		143
Dividend income ....................	18		7		12		3		2		-		42
Net earned insurance premiums	245		-		-		-		-		-		245
Other operating income .........	(250)		242		71		15		2,351		(2,196)		233
Total operating income .........	11,630		2,321		2,675		370		2,391		(2,196)		17,191
Net insurance claims65 ............	(148)		-		-		-		4		-		(144)
Net operating income52 ..........	11,482		2,321		2,675		370		2,395		(2,196)		17,047
Loan impairment (charges)/ recoveries and other credit risk provisions ..........	(8,194)		(323)		184		38		-		-		(8,295)
Net operating income ............	3,288		1,998		2,859		408		2,395		(2,196)		8,752
Total operating expenses .......	(5,408)		(1,081)		(1,310)		(297)		(2,422)		2,196		(8,322)
Operating profit/(loss) ...........	(2,120)		917		1,549		111		(27)		-		430
Share of profit/(loss) in associates and joint ventures	4		22		-		-		(2)		-		24
Profit/(loss) before tax ...........	(2,116)		939		1,549		111		(29)		-		454
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(11.1)		5.0		8.1		0.6		(0.2)				2.4
Cost efficiency ratio ..............	47.1		46.6		49.0		80.3		101.1				48.8
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	131,194		30,277		24,338		4,723		-				190,532
Total assets ............................	154,204		39,213		306,298		5,824		9,373		(22,425)		492,487
Customer accounts .................	76,817		46,425		22,324		12,812		108				158,486

For footnotes, see page 95.

North America RBWM - profit/(loss) before tax and balance sheet data

	2011								2010
	Card and      Retail Services      US$m		Run-off portfolios      US$m		Rest of    RBWM      US$m		North America    RBWM      US$m		Card and       Retail    Services       US$m		Run-off portfolios       US$m		Rest of    RBWM      US$m		North  America     RBWM       US$m
Profit/(loss) before tax
Net interest income ....	4,128		2,990		1,813		8,931		4,727		3,404		1,781		9,912
Net fee income/(expense) ....	1,273		(49)		612		1,836		1,333		55		754		2,142
Trading income/(expense) excluding net interest income.....................	-		(1,145)		199		(946)		-		(377)		(95)		(472)
Net interest income on trading activities ......	-		-		25		25		-		-		24		24
Net trading income/(expense)56..	-		(1,145)		224		(921)		-		(377)		(71)		(448)
Changes in fair value of long- term debt issued and related derivatives ...	-		-		-		-		-		-		-		-
Net income from other financial instruments designated at fair value .......................	-		-		-		-		-		-		6		6
Net income from financial instruments designated at fair value .............	-		-		-		-		-		-		6		6
Gains less losses from financial investments ................................	-		55		3		58		-		5		-		5
Dividend income .........	-		5		10		15		3		3		12		18
Net earned insurance premiums.................	-		230		6		236		-		236		9		245
Other operating income ................................	61		(185)		(1)		(125)		52		(253)		(49)		(250)
Total operating income ...................	5,462		1,901		2,667		10,030		6,115		3,073		2,442		11,630
Net insurance claims65 .	-		(156)		2		(154)		-		(152)		4		(148)
Net operating income52 ................	5,462		1,745		2,669		9,876		6,115		2,921		2,446		11,482
Loan impairment charges and other credit risk provisions ................................ ................................	(1,600)		(4,982)		(347)		(6,929)		(2,174)		(5,811)		(209)		(8,194)
Net operating income/(expense) .	3,862		(3,237)		2,322		2,947		3,941		(2,890)		2,237		3,288
Total operating expenses ..................	(1,801)		(1,238)		(2,576)		(5,615)		(1,962)		(1,190)		(2,256)		(5,408)
Operating profit/(loss) ...........	2,061		(4,475)		(254)		(2,668)		1,979		(4,080)		(19)		(2,120)
Share of profit in associates and joint ventures ....	-		3		-		3		-		4		-		4
Profit/(loss) before tax ..........................	2,061		(4,472)		(254)		(2,665)		1,979		(4,076)		(19)		(2,116)
	%		%		%		%		%		%		%		%
Share of HSBC's profit before tax ................	9.4		(20.4)		(1.2)		(12.2)		10.4		(21.4)		(0.1)		(11.1)
Cost efficiency ratio ...	33.0		70.9		96.5		56.9		32.1		40.7		92.2		47.1
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m		US$m		US$m		US$m
Loans and advances to customers (net) reported in:
- loans and advances to customers.............	-		43,543		42,947		86,490		30,710		55,010		45,474		131,194
- assets held for sale (disposal groups) ..	29,137		-		1,921		31,058		-		-		-		-
Total assets .................	30,635		56,830		56,813		144,278		32,044		70,587		51,573		154,204
Customer accounts reported in:
- customer accounts ............................	-		-		63,558		63,558		-		-		76,817		76,817
- liabilities of disposal groups held for sale ............................	-		-		10,104		10,104		-		-		-		-

For footnotes, see page 95.

 

END

 

 

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