Annual Financial Report - 17 of 54

RNS Number : 0734I

HSBC Holdings PLC

20 March 2015

 



Profit/(loss) before tax and balance sheet data - Middle East and North Africa

		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$m
Profit/(loss) before tax
Net interest income		615		467		410		−		3		24		1,519
Net fee income/(expense)		152		268		240		−		(10)		−		650
Trading income/(expense) excluding net interest income		58		68		207		−		(5)		−		328
Net interest income on trading activities		−		−		10		−		−		(24)		(14)
Net trading income/(expense)50		58		68		217		−		(5)		(24)		314
Net expense from financial instruments designated at fair value		−		−		−		−		(3)		−		(3)
Gains less losses from financial investments		1		1		20		−		−		−		22
Dividend income		1		1		12		−		−		−		14
Other operating income		8		−		27		−		108		(111)		32
Total operating income		835		805		926		−		93		(111)		2,548
Net insurance claims56		−		−		−		−		−		−		−
Net operating income4		835		805		926		−		93		(111)		2,548
Loan impairment (charges)/ recoveries and other credit risk provisions		(26)		(21)		53		−		−		−		6
Net operating income		809		784		979		−		93		(111)		2,554
Total operating expenses		(578)		(348)		(256)		−		(145)		111		(1,216)
Operating profit/(loss)		231		436		723		−		(52)		−		1,338
Share of profit in associates and joint ventures		92		168		203		19		6		−		488
Profit/(loss) before tax		323		604		926		19		(46)		−		1,826
		%		%		%		%		%				%
Share of HSBC's profit before tax		1.7		3.2		5.0		0.1		(0.2)				9.8
Cost efficiency ratio		69.2		43.2		27.6		−		155.9				47.7
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		6,318		13,104		9,641		−		−				29,063
Total assets		7,073		14,911		39,229		77		2,900		(1,773)		62,417
Customer accounts27		18,024		11,809		9,630		−		257				39,720

		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$m
Profit/(loss) before tax
Net interest income		585		486		390		−		4		21		1,486
Net fee income/(expense)		161		269		197		−		(5)		-		622
Trading income excluding net interest income		59		85		220		−		−		-		364
Net interest income on trading activities		−		−		14		−		−		(21)		(7)
Net trading income50		59		85		234		−		−		(21)		357
Net expense from financial instruments designated at fair value		−		−		−		−		(2)		−		(2)
Gains less losses from financial investments		−		−		(18)		−		−		−		(18)
Dividend income		−		−		9		−		−		−		9
Other operating income		25		30		15		−		99		(120)		49
Total operating income		830		870		827		−		96		(120)		2,503
Net insurance claims56		−		−		−		−		−		−		−
Net operating income4		830		870		827		−		96		(120)		2,503
Loan impairment (charges)/ recoveries and other credit risk provisions		(49)		(20)		110		1		−		−		42
Net operating income		781		850		937		1		96		(120)		2,545
Total operating expenses		(606)		(350)		(256)		−		(197)		120		(1,289)
Operating profit/(loss)		175		500		681		1		(101)		−		1,256
Share of profit in associates and joint ventures		83		145		188		15		7		−		438
Profit/(loss) before tax		258		645		869		16		(94)		−		1,694
		%		%		%		%		%				%
Share of HSBC's profit before tax		1.1		2.9		3.8		0.1		(0.4)				7.5
Cost efficiency ratio		73.0		40.2		31.0		-		205.2				51.5
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		6,152		11,814		9,241		−		4				27,211
Total assets		7,016		13,776		39,302		64		3,340		(2,688)		60,810
Customer accounts27		18,771		12,402		7,432		1		77				38,683

For footnotes, see page 109.

 

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