Annual Financial Report - 19 of 54

RNS Number : 0743I

HSBC Holdings PLC

20 March 2015

 



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

		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$m
Profit/(loss) before tax
Net interest income		2,645		1,455		587		204		157		(33)		5,015
Net fee income/(expense)		497		572		775		130		(34)		−		1,940
Trading income/(expense) excluding net interest income		(165)		34		302		13		3		−		187
Net interest income/(expense) on trading activities		7		1		183		−		−		33		224
Net trading income/(expense)50		(158)		35		485		13		3		33		411
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		(99)		−		(99)
Net income from other financial instruments designated at fair value		−		−		−		−		−		−		−
Net expense from financial instruments designated at fair value		−		−		−		−		(99)		−		(99)
Gains less losses from financial investments		−		15		237		−		5		−		257
Dividend income		13		8		16		3		4		−		44
Net insurance premium income		−		−		−		−		−		−		−
Other operating income		268		61		101		1		1,872		(1,719)		584
Total operating income		3,265		2,146		2,201		351		1,908		(1,719)		8,152
Net insurance claims56		−		−		−		−		−		−		−
Net operating income4		3,265		2,146		2,201		351		1,908		(1,719)		8,152
Loan impairment (charges)/ recoveries and other credit risk provisions		(117)		(148)		(63)		8		(2)		−		(322)
Loan impairment (charges)/ recoveries and other credit risk provisions
Net operating income		3,148		1,998		2,138		359		1,906		(1,719)		7,830
Total operating expenses		(2,516)		(1,101)		(2,250)		(274)		(2,007)		1,719		(6,429)
Operating profit/(loss)		632		897		(112)		85		(101)		−		1,401
Share of profit in associates and joint ventures		−		16		−		−		−		−		16
Profit/(loss) before tax		632		913		(112)		85		(101)		−		1,417
		%		%		%		%		%				%
Share of HSBC's profit before tax		3.4		4.9		(0.6)		0.5		(0.5)				7.6
Cost efficiency ratio		77.1		51.3		102.2		78.1		105.2				78.9
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		60,365		41,966		21,110		6,346		-				129,787
Total assets		74,680		48,411		319,819		8,386		16,823		(31,260)		436,859
Customer accounts27		51,258		45,275		30,301		12,050		-				138,884

		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$m
Profit/(loss) before tax
Net interest income		3,483		1,430		582		195		89		(37)		5,742
Net fee income		605		593		741		125		79		−		2,143
Trading income excluding net interest income		48		40		613		19		7		−		727
Net interest income on trading activities		11		1		172		−		−		37		221
Net trading income50		59		41		785		19		7		37		948
Changes in fair value of long-term debt issued and related derivatives		−		-		-		-		(288)		-		(288)
Net income from other financial instruments designated at fair value		−		−		−		−		−		−		−
Net expense from financial instruments designated at fair value		−		−		−		−		(288)		−		(288)
Gains less losses from financial investments		4		−		282		−		8		−		294
Dividend income		12		9		48		4		4		−		77
Net insurance premium income		34		-		-		-		-		-		34
Other operating income/ (expense)		(454)		−		229		1		1,829		(1,713)		(108)
Total operating income		3,743		2,073		2,667		344		1,728		(1,713)		8,842
Net insurance claims56		(39)		−		−		−		−		−		(39)
Net operating income4		3,704		2,073		2,667		344		1,728		(1,713)		8,803
Loan impairment charges and other credit risk provisions		(950)		(223)		(20)		(4)		−		−		(1,197)
Net operating income		2,754		1,850		2,647		340		1,728		(1,713)		7,606
Total operating expenses		(2,960)		(1,096)		(1,718)		(283)		(2,072)		1,713		(6,416)
Operating profit/(loss)		(206)		754		929		57		(344)		−		1,190
Share of profit/(loss) in associates and joint ventures		(1)		32		−		−		−		−		31
Profit/(loss) before tax		(207)		786		929		57		(344)		−		1,221
		%		%		%		%		%				%
Share of HSBC's profit before tax		(0.9)		3.5		4.1		0.3		(1.6)				5.4
Cost efficiency ratio		79.9		52.9		64.4		82.3		119.9				72.9
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		66,192		37,735		18,070		5,956		−				127,953
Total assets		82,530		45,706		313,701		8,542		13,211		(31,655)		432,035
Customer accounts27		53,600		49,225		24,113		13,871		−				140,809

For footnotes, see page 109.

 

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