Annual Report and Accounts -

RNS Number : 7186P

HSBC Holdings PLC

31 March 2009

 



Analysis by customer group and global business

Profit/(loss) before tax 

	2008
Total	Personal     Financial     Services     US$m		Commercial     Banking     US$m		Global     Banking &     Markets     US$m		Private     Banking     US$m		Other14     US$m		Inter-     segment     elimination21     US$m		Total     US$m
Net interest income/(expense)	29,419		9,494		8,541		1,612		(956)		(5,547)		42,563
Net fee income	10,107		4,097		4,291		1,476		53		-		20,024
Trading income/(expense) excluding net interest income	175		369		157		408		(262)		-		847
Net interest income/(expense)  on trading activities	79		17		324		14		(268)		5,547		5,713
Net trading income/(expense)16	254		386		481		422		(530)		5,547		6,560
Changes in fair value of long- term debt issued and related derivatives	-		-		-		-		6,679		-		6,679
Net income/(expense) from  other financial instruments  designated at fair value	(2,912)		(224)		(438)		-		747		-		(2,827)
Net income/(expense) from financial instruments  designated at fair value	(2,912)		(224)		(438)		-		7,426		-		3,852
Gains less losses from  financial investments	663		193		(327)		64		(396)		-		197
Dividend income	90		88		76		8		10		-		272
Net earned insurance premiums	10,083		679		105		-		(17)		-		10,850
Gains on disposal of French regional banks	-		-		-		-		2,445		-		2,445
Other operating income	259		939		868		49		4,261		(4,568)		1,808
Total operating income	47,963		15,652		13,597		3,631		12,296		(4,568)		88,571
Net insurance claims17	(6,474)		(335)		(79)		-		(1)		-		(6,889)
Net operating income5	41,489		15,317		13,518		3,631		12,295		(4,568)		81,682
Loan impairment charges and other credit risk provisions	(21,220)		(2,173)		(1,471)		(68)		(5)		-		(24,937)
Net operating income	20,269		13,144		12,047		3,563		12,290		(4,568)		56,745
Operating expenses (excluding goodwill impairment)	(21,140)		(6,581)		(9,092)		(2,116)		(4,174)		4,568		(38,535)
Goodwill impairment	(10,564)		-		-		-		-		-		(10,564)
Operating profit/(loss)	(11,435)		6,563		2,955		1,447		8,116		-		7,646
Share of profit in associates  and joint ventures	461		631		528		-		41		-		1,661
Profit/(loss) before tax	(10,974)		7,194		3,483		1,447		8,157		-		9,307
	%		%		%		%		%				%
Share of HSBC's profit  before tax	(117.9)		77.3		37.4		15.6		87.6				100.0
Cost efficiency ratio	76.4		43.0		67.3		58.3		33.9				60.1
Balance sheet data15
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to  customers (net)	401,402		203,949		287,306		37,590		2,621				932,868
Total assets	514,419		249,218		1,896,630		133,216		135,001		(401,019)		2,527,465
Customer accounts	440,338		235,879		320,386		116,683		2,041				1,115,327

For footnotes, see page 143.

	2007
Total	Personal     Financial     Services     US$m		Commercial     Banking     US$m		Global     Banking &     Markets     US$m		Private     Banking     US$m		Other14     US$m		Inter-     segment     elimination21     US$m		Total     US$m
Net interest income/(expense)	29,069		9,055		4,430		1,216		(542)		(5,433)		37,795
Net fee income/(expense)	11,742		3,972		4,901		1,615		(228)		-		22,002
Trading income excluding net interest income	38		265		3,503		525		127		-		4,458
Net interest income/(expense)  on trading activities	140		31		(236)		9		(1)		5,433		5,376
Net trading income16	178		296		3,267		534		126		5,433		9,834
Changes in fair value of long- term debt issued and related derivatives	-		-		-		-		2,812		-		2,812
Net income/(expense) from  other financial instruments designated at fair value	1,333		22		(164)		(1)		81		-		1,271
Net income/(expense) from financial instruments  designated at fair value	1,333		22		(164)		(1)		2,893		-		4,083
Gains less losses from  financial investments	351		90		1,313		119		83		-		1,956
Gains arising from dilution of interests in associates	-		-		-		-		1,092		-		1,092
Dividend income	55		8		222		7		32		-		324
Net earned insurance premiums	8,271		733		93		-		(21)		-		9,076
Other operating income	387		165		1,218		58		3,523		(3,912)		1,439
Total operating income	51,386		14,341		15,280		3,548		6,958		(3,912)		87,601
Net insurance claims17	(8,147)		(391)		(70)		-		-		-		(8,608)
Net operating income5	43,239		13,950		15,210		3,548		6,958		(3,912)		78,993
Loan impairment charges and other credit risk provisions	(16,172)		(1,007)		(38)		(14)		(11)		-		(17,242)
Net operating income	27,067		12,943		15,172		3,534		6,947		(3,912)		61,751
Total operating expenses	(21,757)		(6,252)		(9,358)		(2,025)		(3,562)		3,912		(39,042)
Operating profit	5,310		6,691		5,814		1,509		3,385		-		22,709
Share of profit in associates  and joint ventures	590		454		307		2		150		-		1,503
Profit before tax	5,900		7,145		6,121		1,511		3,535		-		24,212
	%		%		%		%		%				%
Share of HSBC's profit  before tax	24.4		29.5		25.3		6.2		14.6				100.0
Cost efficiency ratio	50.3		44.8		61.5		57.1		51.2				49.4
Balance sheet data15
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to  customers (net)	464,726		220,068		250,464		43,612		2,678				981,548
Total assets	621,356		307,944		1,561,468		130,893		155,685		(423,080)		2,354,266
Customer accounts	450,071		237,987		299,879		106,197		2,006				1,096,140

For footnotes, see page 143.

Profit/(loss) before tax (continued)

	2006
Total	Personal     Financial     Services     US$m		Commercial     Banking     US$m		Global     Banking &     Markets     US$m		Private     Banking     US$m		Other14     US$m		Inter-     segment     elimination21     US$m		Total     US$m
Net interest income/(expense)	26,076		7,514		3,168		1,011		(625)		(2,658)		34,486
Net fee income	8,762		3,207		3,718		1,323		172		-		17,182
Trading income/(expense) excluding net interest income	391		204		4,890		362		(228)		-		5,619
Net interest income/ (expense)  on trading activities	220		20		(379)		2		82		2,658		2,603
Net trading income/(expense)16	611		224		4,511		364		(146)		2,658		8,222
Changes in fair value of long- term debt issued and related derivatives	-		-		-		-		(35)		-		(35)
Net income/(expense) from  other financial instruments designated at fair value	739		(22)		20		1		(46)		-		692
Net income/(expense) from financial instruments  designated at fair value	739		(22)		20		1		(81)		-		657
Gains less losses from  financial investments	78		44		534		166		147		-		969
Dividend income	31		6		235		5		63		-		340
Net earned insurance premiums	5,130		258		73		-		207		-		5,668
Other operating income	782		250		1,378		61		3,254		(3,179)		2,546
Total operating income	42,209		11,481		13,637		2,931		2,991		(3,179)		70,070
Net insurance claims17	(4,365)		(96)		(62)		-		(181)		-		(4,704)
Net operating income5	37,844		11,385		13,575		2,931		2,810		(3,179)		65,366
Loan impairment (charges)/ recoveries and other credit  risk provisions	(9,949)		(697)		119		(33)		(13)		-		(10,573)
Net operating income	27,895		10,688		13,694		2,898		2,797		(3,179)		54,793
Total operating expenses	(18,818)		(4,979)		(7,991)		(1,685)		(3,259)		3,179		(33,553)
Operating profit/(loss)	9,077		5,709		5,703		1,213		(462)		-		21,240
Share of profit in associates  and joint ventures	380		288		103		1		74		-		846
Profit/(loss) before tax	9,457		5,997		5,806		1,214		(388)		-		22,086
	%		%		%		%		%				%
Share of HSBC's profit before tax	42.8		27.2		26.3		5.5		(1.8)				100.0
Cost efficiency ratio	49.7		43.7		58.9		57.5		116.0				51.3
Balance sheet data15
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to  customers (net)	448,545		172,976		210,220		34,297		2,095				868,133
Total assets	602,342		228,668		1,059,746		106,178		137,291		(273,467)		1,860,758
Customer accounts	388,468		190,853		235,965		80,303		1,245				896,834

For footnotes, see page 143. 

 

END

 

 

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