Annual Financial Report - 21 of 56

RNS Number : 6210S

HSBC Holdings PLC

18 March 2016

 

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

		2015
		Retail               Banking        and Wealth Management28                                                $m		Commercial            Banking28                     $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		2,891		997		461		18		15		(64)		4,318
Net fee income/(expense)		724		253		133		23		(2)		−		1,131
Trading income/(expense) excluding net interest income		149		89		239		3		(7)		−		473
Net interest income on trading activities		−		−		124		−		3		64		191
Net trading income/(expense)40		149		89		363		3		(4)		64		664
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		−		−		−
Net income from other financial instruments designated at fair value		439		134		2		−		−		−		575
Net income from financial instruments designated at fair value		439		134		2		−		−		−		575
Gains less losses from financial investments		14		1		56		−		−		−		71
Dividend income		4		2		1		−		−		−		7
Net insurance premium income		903		191		5		−		−		−		1,099
Other operating income		83		32		12		−		236		(224)		139
Total operating income		5,207		1,699		1,033		44		245		(224)		8,004
Net insurance claims45		(1,129)		(279)		(4)		−		−		−		(1,412)
Net operating income1		4,078		1,420		1,029		44		245		(224)		6,592
Loan impairment charges and other credit risk provisions		(1,092)		(364)		(39)		−		−		−		(1,495)
Net operating income		2,986		1,056		990		44		245		(224)		5,097
Total operating expenses		(3,226)		(890)		(528)		(41)		(325)		224		(4,786)
Operating profit/(loss)		(240)		166		462		3		(80)		−		311
Share of loss in associates and joint ventures		−		(1)		−		−		−		−		(1)
Profit/(loss) before tax		(240)		165		462		3		(80)		−		310
		%		%		%		%		%				%
Share of HSBC's profit before tax		(1.3)		0.9		2.4		−		(0.3)				1.7
Cost efficiency ratio		79.1		62.7		51.3		93.2		132.7				72.6
Balance sheet data22,30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		5,935		6,719		4,592		47		−				17,293
Total assets		25,378		20,792		36,953		1,769		2,838		(1,468)		86,262
Customer accounts		12,042		5,904		3,422		102		-				21,470

		2014
		Retail               Banking        and Wealth Management28                                                $m		Commercial            Banking28                     $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		3,671		1,181		490		19		9		(60)		5,310
Net fee income		939		301		147		28		−		−		1,415
Trading income/(expense) excluding net interest income		125		101		391		3		(1)		−		619
Net interest income/(expense) on trading activities		1		4		174		−		(2)		60		237
Net trading income/(expense)40		126		105		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		525		166		−		−		−		−		691
Net income from financial instruments designated at fair value		525		166		−		−		−		−		691
Gains less losses from financial investments		−		−		84		−		−		−		84
Dividend income		6		2		1		−		−		−		9
Net insurance premium income		1,272		246		5		−		−		−		1,523
Other operating income		61		40		19		−		213		(184)		149
Total operating income		6,600		2,041		1,311		50		219		(184)		10,037
Net insurance claims45		(1,428)		(334)		(3)		−		−		−		(1,765)
Net operating income1		5,172		1,707		1,308		50		219		(184)		8,272
Loan impairment charges and other credit risk provisions		(1,208)		(659)		(252)		(5)		−		−		(2,124)
Net operating income		3,964		1,048		1,056		45		219		(184)		6,148
Total operating expenses		(4,124)		(1,041)		(606)		(49)		(296)		184		(5,932)
Operating profit/(loss)		(160)		7		450		(4)		(77)		−		216
Share of profit in associates and joint ventures		−		−		−		−		−		−		−
Profit/(loss) before tax		(160)		7		450		(4)		(77)		−		216
		%		%		%		%		%				%
Share of HSBC's profit before tax		(0.8)		−		2.4		−		(0.5)				1.1
Cost efficiency ratio		79.7		61.0		46.3		98.0		135.2				71.7
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		13,266		19,118		10,642		96		-				43,122
Total assets		30,855		28,070		55,827		298		1,155		(851)		115,354
Customer accounts		25,392		12,789		8,219		2,188		−				48,588

For footnotes, see page 99.

 

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