Interim Report - 6 of 21

RNS Number : 3091X

HSBC Holdings PLC

14 August 2009

 



Analysis by customer group and global business

Profit/(loss) before tax

	Half-year to 30 June 2009
Total	Personal     Financial     Services     US$m		Commercial     Banking     US$m		Global     Banking and     Markets     US$m		Private     Banking     US$m		Other22     US$m		Inter-     segment     elimination29     US$m		Total     US$m
Net interest income/ (expense)	12,650		3,809		4,667		784		(551)		(821)		20,538
Net fee income	4,045		1,749		1,968		602		64		-		8,428
Trading income excluding net interest income	450		183		3,422		154		92		-		4,301
Net interest income on trading activities	39		11		1,056		9		18		821		1,954
Net trading income24	489		194		4,478		163		110		821		6,255
Changes in fair value of long-term debt issued  and related derivatives	-		-		-		-		(2,300)		-		(2,300)
Net income/(expense)  from other financial instruments designated  at fair value	744		(17)		329		-		(279)		-		777
Net income/(expense) from financial instruments designated at fair value	744		(17)		329		-		(2,579)		-		(1,523)
Gains less losses from financial investments	195		25		158		(2)		(53)		-		323
Dividend income	17		3		23		2		12		-		57
Net earned insurance premiums	4,585		390		40		-		(3)		-		5,012
Other operating income	302		519		603		40		2,172		(2,479)		1,158
Total operating income/ (expense)	23,027		6,672		12,266		1,589		(828)		(2,479)		40,248
Net insurance claims25	(5,144)		(328)		(35)		-		-		-		(5,507)
Net operating income/ (expense)7	17,883		6,344		12,231		1,589		(828)		(2,479)		34,741
Loan impairment charges and other credit risk provisions	(10,673)		(1,509)		(1,732)		(14)		(3)		-		(13,931)
Net operating income/ (expense)	7,210		4,835		10,499		1,575		(831)		(2,479)		20,810
Total operating expenses	(8,774)		(2,740)		(4,405)		(949)		(2,268)		2,479		(16,658)
Operating profit/(loss)	(1,564)		2,095		6,094		626		(3,099)		-		4,152
Share of profit in associates and joint ventures	315		337		204		6		5		-		867
Profit/(loss) before tax	(1,249)		2,432		6,298		632		(3,094)		-		5,019
	%		%		%		%		%				%
Share of HSBC's profit before tax	(24.9)		48.5		125.5		12.6		(61.7)				100.0
Cost efficiency ratio	49.1		43.2		36.0		59.7		(273.9)				47.9
Balance sheet data23
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)	400,692		198,903		287,328		34,282		3,478				924,683
Total assets	547,084		249,030		1,770,618		117,468		170,414		(432,771)		2,421,843
Customer accounts	482,935		239,933		330,962		108,278		1,235				1,163,343

For footnotes, see page 94.

Analysis by customer group and global business (continued)

Profit/(loss) before tax

	Half-year to 30 June 2008
Total	Personal     Financial     Services     US$m		Commercial     Banking     US$m		Global     Banking and     Markets     US$m		Private     Banking     US$m		Other22     US$m		Inter-     segment     elimination29     US$m		Total     US$m
Net interest income/ (expense)	15,217		4,747		3,737		783		(375)		(2,931)		21,178
Net fee income	5,626		2,165		2,354		814		32		-		10,991
Trading income/(expense) excluding net interest income	142		197		360		211		(271)		-		639
Net interest income/ (expense) on trading activities	42		24		273		7		(82)		2,931		3,195
Net trading income/ (expense)24	184		221		633		218		(353)		2,931		3,834
Changes in fair value of long-term debt issued  and related derivatives	-		-		-		-		577		-		577
Net income/(expense)  from other financial instruments designated  at fair value	(1,135)		(59)		(211)		1		243		-		(1,161)
Net income/(expense) from financial instruments designated at fair value	(1,135)		(59)		(211)		1		820		-		(584)
Gains less losses from financial investments	585		191		244		80		(283)		-		817
Dividend income	15		3		49		4		17		-		88
Net earned insurance premiums	4,746		360		62		-		(15)		-		5,153
Other operating income	390		718		551		16		1,943		(2,183)		1,435
Total operating income	25,628		8,346		7,419		1,916		1,786		(2,183)		42,912
Net insurance claims25	(3,206)		(190)		(40)		-		(1)		-		(3,437)
Net operating income7	22,422		8,156		7,379		1,916		1,785		(2,183)		39,475
Loan impairment (charges)/ recoveries and other credit risk provisions	(9,384)		(563)		(115)		4		-		-		(10,058)
Net operating income	13,038		7,593		7,264		1,920		1,785		(2,183)		29,417
Operating expenses (excluding goodwill impairment)	(10,572)		(3,280)		(4,827)		(1,098)		(2,019)		2,183		(19,613)
Goodwill impairment	(527)		-		-		-		-		-		(527)
Operating profit/(loss)	1,939		4,313		2,437		822		(234)		-		9,277
Share of profit in associates and joint ventures	374		298		253		-		45		-		970
Profit/(loss) before tax	2,313		4,611		2,690		822		(189)		-		10,247
	%		%		%		%		%				%
Share of HSBC's profit before tax	22.6		45.0		26.2		8.0		(1.8)				100.0
Cost efficiency ratio	49.5		40.2		65.4		57.3		113.1				51.0
Balance sheet data23
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)	458,302		238,116		303,826		45,895		3,061				1,049,200
Total assets	619,528		292,871		1,823,167		144,331		141,946		(475,165)		2,546,678
Customer accounts	474,263		247,705		328,952		109,776		1,227				1,161,923

For footnotes, see page 94

	Half-year to 31 December 2008
Total	Personal     Financial     Services     US$m		Commercial     Banking     US$m		Global     Banking and     Markets     US$m		Private     Banking     US$m		Other22     US$m		Inter-     segment     elimination29     US$m		Total     US$m
Net interest income/ (expense)	14,202		4,747		4,804		829		(581)		(2,616)		21,385
Net fee income	4,481		1,932		1,937		662		21		-		9,033
Trading income/(expense) excluding net interest  income	33		172		(203)		197		9		-		208
Net interest income/ (expense) on trading activities	37		(7)		51		7		(186)		2,616		2,518
Net trading income/ (expense)24	70		165		(152)		204		(177)		2,616		2,726
Changes in fair value of long-term debt issued and  related derivatives	-		-		-		-		6,102		-		6,102
Net income/(expense) from other financial instruments designated at fair value	(1,777)		(165)		(227)		(1)		504		-		(1,666)
Net income/(expense) from financial instruments designated at fair value	(1,777)		(165)		(227)		(1)		6,606		-		4,436
Gains less losses from  financial investments	78		2		(571)		(16)		(113)		-		(620)
Dividend income	75		85		27		4		(7)		-		184
Net earned insurance  premiums	5,337		319		43		-		(2)		-		5,697
Gains on disposal of  French regional banks	-		-		-		-		2,445		-		2,445
Other operating income/ (expense)	(131)		221		317		33		2,318		(2,385)		373
Total operating income	22,335		7,306		6,178		1,715		10,510		(2,385)		45,659
Net insurance claims25	(3,268)		(145)		(39)		-		-		-		(3,452)
Net operating income7	19,067		7,161		6,139		1,715		10,510		(2,385)		42,207
Loan impairment charges and other credit risk provisions	(11,836)		(1,610)		(1,356)		(72)		(5)		-		(14,879)
Net operating income	7,231		5,551		4,783		1,643		10,505		(2,385)		27,328
Operating expenses (excluding goodwill impairment)	(10,568)		(3,301)		(4,265)		(1,018)		(2,155)		2,385		(18,922)
Goodwill impairment	(10,037)		-		-		-		-		-		(10,037)
Operating profit/(loss)	(13,374)		2,250		518		625		8,350		-		(1,631)
Share of profit/(loss) in associates and joint  ventures	87		333		275		-		(4)		-		691
Profit/(loss) before tax	(13,287)		2,583		793		625		8,346		-		(940)
	%		%		%		%		%				%
Share of HSBC's loss  before tax	(1,413.5)		274.8		84.3		66.5		887.9				100.0
Cost efficiency ratio	108.1		46.1		69.5		59.4		20.5				68.6
Balance sheet data23
	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	527,901		249,218		1,991,852		133,216		145,581		(520,303)		2,527,465
Customer accounts	440,338		235,879		320,386		116,683		2,041				1,115,327

For footnotes, see page 94.

 

END

 

 

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