Annual Financial Report - 24 of 60

RNS Number : 1551D

HSBC Holdings PLC

25 March 2014

 



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

	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/(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)44 ...........................................	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 earned insurance premiums ...........................................	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 claims50 ............	(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) ..................	13,616		19,923		10,306		75		−				43,920
Total assets ............................	30,584		30,001		52,977		337		634		(534)		113,999
Customer accounts .................	23,943		16,593		11,804		1,859		−				54,199

	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/(expense) .	4,145		2,173		993		30		(2)		(355)		6,984
Net fee income ......................	873		622		207		33		-		-		1,735
Trading income excluding net interest income ............	85		99		398		3		1		-		586
Net interest income on trading activities .................	-		-		29		-		1		355		385
Net trading income44 ..............	85		99		427		3		2		355		971
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income from other financial instruments designated at fair value ............................	503		163		1		-		-		-		667
Net income from financial instruments designated at fair value ............................	503		163		1		-		-		-		667
Gains less losses from financial investments .........	75		21		131		-		-		-		227
Dividend income ....................	9		5		1		-		-		-		15
Net earned insurance premiums ...........................................	1,985		450		17		-		-		-		2,452
Other operating income/ (expense) ...........................	309		(9)		6		3		134		(190)		253
Total operating income .........	7,984		3,524		1,783		69		134		(190)		13,304
Net insurance claims50 ............	(1,875)		(469)		(9)		-		-		-		(2,353)
Net operating income4 ...........	6,109		3,055		1,774		69		134		(190)		10,951
Loan impairment charges and other credit risk provisions .	(1,541)		(581)		(13)		(2)		-		-		(2,137)
Net operating income ............	4,568		2,474		1,761		67		134		(190)		8,814
Total operating expenses .......	(3,960)		(1,723)		(608)		(47)		(282)		190		(6,430)
Operating profit/(loss) ...........	608		751		1,153		20		(148)		-		2,384
Share of profit in associates and joint ventures ...............	-		-		-		-		-		-		-
Profit/(loss) before tax ...........	608		751		1,153		20		(148)		-		2,384
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	2.9		3.6		5.6		0.1		(0.7)				11.6
Cost efficiency ratio ..............	64.8		56.4		34.3		68.1		210.4				58.7
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	17,236		25,379		10,903		91		-				53,609
Total assets ............................	36,141		35,507		58,272		570		1,110		(323)		131,277
Customer accounts .................	28,688		20,834		12,604		4,430		-				66,556

For footnotes, see page 132.

 

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