Annual Financial Report - 19 of 56

RNS Number : 6181S

HSBC Holdings PLC

18 March 2016

 

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

		2015
		Retail Banking and Wealth Management $m		Commercial Banking $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Inter-         segment     elimination44                    $m		Total $m
Profit/(loss) before tax
Net interest income		2,188		1,365		771		206		31		(29)		4,532
Net fee income/(expense)		499		539		876		117		(13)		−		2,018
Trading income/(expense) excluding net interest income		12		33		188		11		(7)		−		237
Net interest income on trading activities		7		1		271		−		−		29		308
Net trading income/(expense)40		19		34		459		11		(7)		29		545
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		181		−		181
Net income from other financial instruments designated at fair value		−		−		−		−		−		−		−
Net expense from financial instruments designated at fair value		−		−		−		−		181		−		181
Gains less losses from financial investments		−		−		189		−		(42)		−		147
Dividend income		16		12		19		4		6		−		57
Net insurance premium income		−		−		−		−		−		−		−
Other operating income		(142)		53		76		(6)		1,804		(1,608)		177
Total operating income		2,580		2,003		2,390		332		1,960		(1,608)		7,657
Net insurance claims45		−		−		−		−		−		−		−
Net operating income1		2,580		2,003		2,390		332		1,960		(1,608)		7,657
Loan impairment (charges)/recoveries and other credit risk provisions		(159)		(323)		(68)		6		−		−		(544)
Net operating income		2,421		1,680		2,322		338		1,960		(1,608)		7,113
Total operating expenses		(3,066)		(1,109)		(1,729)		(279)		(1,926)		1,608		(6,501)
Operating profit/(loss)		(645)		571		593		59		34		−		612
Share of profit in associates and joint ventures		−		2		−		−		−		−		2
Profit/(loss) before tax		(645)		573		593		59		34		−		614
		%		%		%		%		%				%
Share of HSBC's profit before tax		(3.4)		3.0		3.1		0.3		0.3				3.3
Cost efficiency ratio		118.8		55.4		72.3		84.0		98.3				84.9
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		53,737		40,696		27,940		6,478		−				128,851
Total assets		62,127		47,009		282,201		8,629		14,489		(20,495)		393,960
Customer accounts		51,685		45,475		24,182		13,807		3				135,152

		2014
		Retail Banking and Wealth Management $m		Commercial Banking $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Inter-         segment      elimination44                    $m		Total $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 on trading activities		7		1		183		−		−		33		224
Net trading income/(expense)40		(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 claims45		−		−		−		−		−		−		−
Net operating income1		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)
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 data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		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 accounts		51,258		45,275		30,301		12,050		-				138,884

For footnotes, see page 99.

 

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