Annual Financial Report - 21 of 54

RNS Number : 0748I

HSBC Holdings PLC

20 March 2015

 



Profit/(loss) before tax and balance sheet data - Latin 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$m
Profit/(loss) before tax
Net interest income		3,323		1,529		490		19		9		(60)		5,310
Net fee income		771		469		147		28		−		−		1,415
Trading income/(expense) excluding net interest income		123		103		391		3		(1)		−		619
Net interest income/(expense) on trading activities		1		4		174		−		(2)		60		237
Net trading income/(expense)50		124		107		565		3		(3)		60		856
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		−		−		−
Net income from other financial instruments designated at fair value		516		175		−		−		−		−		691
Net income from financial instruments designated at fair value		516		175		−		−		−		−		691
Gains less losses from financial investments		−		−		84		−		−		−		84
Dividend income		6		2		1		−		−		−		9
Net insurance premium income		1,233		285		5		−		−		−		1,523
Other operating income		54		47		19		−		213		(184)		149
Total operating income		6,027		2,614		1,311		50		219		(184)		10,037
Net insurance claims56		(1,410)		(352)		(3)		−		−		−		(1,765)
Net operating income4		4,617		2,262		1,308		50		219		(184)		8,272
Loan impairment (charges)/ recoveries and other credit risk provisions		(1,091)		(776)		(252)		(5)		−		−		(2,124)
Net operating income		3,526		1,486		1,056		45		219		(184)		6,148
Total operating expenses		(3,616)		(1,549)		(606)		(49)		(296)		184		(5,932)
Operating profit/(loss)		(90)		(63)		450		(4)		(77)		−		216
Share of profit in associates and joint ventures		−		−		−		−		−		−		−
Profit/(loss) before tax		(90)		(63)		450		(4)		(77)		−		216
		%		%		%		%		%				%
Share of HSBC's profit before tax		(0.5)		(0.3)		2.4		−		(0.5)				1.1
Cost efficiency ratio		78.3		68.5		46.3		98.0		135.2				71.7
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		12,306		20,078		10,642		96		-				43,122
Total assets		29,074		29,851		55,827		298		1,155		(851)		115,354
Customer accounts27		23,056		15,125		8,219		2,188		−				48,588

		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$m
Profit/(loss) before tax
Net interest income/(expense)		3,776		1,828		775		24		(12)		(205)		6,186
Net fee income		952		548		168		32		1		−		1,701
Trading income/(expense) excluding net interest income		138		117		456		4		(4)		−		711
Net interest income on trading activities		−		−		20		−		−		205		225
Net trading income/(expense)50		138		117		476		4		(4)		205		936
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		−		−		−
Net income from other financial instruments designated at fair value		264		61		1		−		−		−		326
Net income from financial instruments designated at fair value		264		61		1		−		−		−		326
Gains less losses from financial investments		−		1		81		−		−		−		82
Dividend income		5		3		1		−		−		−		9
Net insurance premium income		1,464		360		6		−		−		−		1,830
Other operating income		312		485		310		1		196		(189)		1,115
Total operating income		6,911		3,403		1,818		61		181		(189)		12,185
Net insurance claims56		(1,323)		(291)		(3)		−		−		−		(1,617)
Net operating income4		5,588		3,112		1,815		61		181		(189)		10,568
Loan impairment charges and other credit risk provisions		(1,552)		(1,062)		(52)		−		−		−		(2,666)
Net operating income		4,036		2,050		1,763		61		181		(189)		7,902
Total operating expenses		(3,610)		(1,586)		(596)		(60)		(267)		189		(5,930)
Operating profit/(loss)		426		464		1,167		1		(86)		−		1,972
Share of profit in associates and joint ventures		−		−		−		−		−		−		−
Profit/(loss) before tax		426		464		1,167		1		(86)		−		1,972
		%		%		%		%		%				%
Share of HSBC's profit before tax		1.9		2.0		5.2		−		(0.4)				8.7
Cost efficiency ratio		64.6		51.0		32.8		98.4		147.5				56.1
Balance sheet data40
		US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)27		13,616		19,923		10,304		75		−				43,918
Total assets		30,584		30,001		52,977		337		634		(534)		113,999
Customer accounts27		23,943		16,593		8,994		1,859		−				51,389

For footnotes, see page 109.

 

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