Annual Financial Report - 20 of 60

RNS Number : 1532D

HSBC Holdings PLC

25 March 2014

 



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

	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$m		Inter-    segment elimination49        US$m		Total         US$m
Profit/(loss) before tax
Net interest income ...............	585		486		390		−		4		21		1,486
Net fee income/(expense) ......	161		269		197		−		(5)		-		622
Trading income excluding net interest income ..................	59		85		220		−		−		-		364
Net interest income/(expense) on trading activities ............	−		−		14		−		−		(21)		(7)
Net trading income44 ..............	59		85		234		−		−		(21)		357
Net income from financial instruments designated at fair value ............................	−		−		−		−		(2)		−		(2)
Gains less losses from financial investments .........	−		−		(18)		−		−		−		(18)
Dividend income ....................	−		−		9		−		−		−		9
Other operating income .........	25		30		15		−		99		(120)		49
Total operating income ......	830		870		827		−		96		(120)		2,503
Net insurance claims50 ............	−		−		−		−		−		−		−
Net operating income4 .......	830		870		827		−		96		(120)		2,503
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(49)		(20)		110		1		−		−		42
Net operating income .........	781		850		937		1		96		(120)		2,545
Total operating expenses .......	(606)		(350)		(256)		−		(197)		120		(1,289)
Operating profit/(loss) .......	175		500		681		1		(101)		−		1,256
Share of profit in associates and joint ventures ...............	83		145		188		15		7		−		438
Profit/(loss) before tax .......	258		645		869		16		(94)		−		1,694
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	1.1		2.9		3.8		0.1		(0.4)				7.5
Cost efficiency ratio ..............	73.0		40.2		31.0		-		205.2				51.5
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	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 accounts .................	18,771		12,402		7,432		1		77				38,683

	2012
	Retail       Banking and Wealth Management          US$m		Commercial       Banking          US$m		Global      Banking and      Markets          US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination49         US$m		Total          US$m
Profit/(loss) before tax
Net interest income ...............	597		492		367		1		42		(29)		1,470
Net fee income/(expense) ......	164		279		160		1		(9)		-		595
Trading income excluding net interest income ..................	68		94		208		-		3		-		373
Net interest income/(expense) on trading activities ............	-		2		30		-		(44)		29		17
Net trading income44 ..............	68		96		238		-		(41)		29		390
Net income from financial instruments designated at fair value ............................	-		-		-		-		(12)		-		(12)
Gains less losses from financial investments .........	-		-		9		-		-		-		9
Dividend income ....................	-		-		5		-		-		-		5
Other operating income/ (expense) ...........................	(16)		21		14		1		47		(94)		(27)
Total operating income .........	813		888		793		3		27		(94)		2,430
Net insurance claims50 ............	-		-		-		-		-		-		-
Net operating income4 ...........	813		888		793		3		27		(94)		2,430
Loan impairment charges and other credit risk provisions .	(55)		(110)		(119)		(2)		-		-		(286)
Net operating income ............	758		778		674		1		27		(94)		2,144
Total operating expenses .......	(561)		(311)		(264)		-		(124)		94		(1,166)
Operating profit/(loss) ...........	197		467		410		1		(97)		-		978
Share of profit in associates and joint ventures ...............	55		120		171		9		17		-		372
Profit/(loss) before tax ...........	252		587		581		10		(80)		-		1,350
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	1.2		2.8		2.8		-		(0.3)				6.5
Cost efficiency ratio ..............	69.0		35.0		33.3		-		459.3				48.0
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	5,828		13,559		8,699		-		-				28,086
Total assets ............................	6,562		15,651		36,582		50		6,840		(3,080)		62,605
Customer accounts .................	19,802		12,826		6,880		3		72				39,583

For footnotes, see page 132.

 

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