Annual Financial Report - 9 of 56

RNS Number : 6135S

HSBC Holdings PLC

18 March 2016

 

Analysis by global business

HSBC profit/(loss) before tax and balance sheet data

		2015
		Retail            Banking      and Wealth Management                      $m		Commercial          Banking                    $m		Global Banking and Markets $m		Global Private Banking $m		Other29                    $m		Inter-         segment      elimination44                    $m		Total $m
Profit/(loss) before tax
Net interest income/(expense)		15,926		9,859		6,931		870		(710)		(345)		32,531
Net fee income/(expense)		6,218		4,190		3,375		959		(37)		−		14,705
Trading income/(expense) excluding net interest income		540		571		5,714		327		(204)		−		6,948
Net interest income/(expense) on trading activities		(19)		(16)		1,455		(2)		12		345		1,775
Net trading income/(expense)  40		521		555		7,169		325		(192)		345		8,723
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		863		−		863
Net income/(expense) from other financial instruments designated at fair value		556		110		(58)		−		61		−		669
Net income/(expense) from financial instruments designated at fair value		556		110		(58)		−		924		−		1,532
Gains less losses from financial investments		68		37		598		23		1,342		−		2,068
Dividend income		23		16		40		11		33		−		123
Net insurance premium income		9,204		1,106		5		42		(2)		−		10,355
Other operating income		972		252		177		3		6,246		(6,595)		1,055
Total operating income		33,488		16,125		18,237		2,233		7,604		(6,595)		71,092
Net insurance claims  45		(9,972)		(1,255)		(4)		(61)		−		−		(11,292)
Net operating income1		23,516		14,870		18,233		2,172		7,604		(6,595)		59,800
Loan impairment charges and other credit risk provisions		(1,939)		(1,770)		−		(12)		−		−		(3,721)
Net operating income		21,577		13,100		18,233		2,160		7,604		(6,595)		56,079
Employee expenses46		(4,966)		(2,443)		(3,735)		(654)		(8,102)		−		(19,900)
Other operating expenses		(12,054)		(4,301)		(7,099)		(1,178)		(1,831)		6,595		(19,868)
Total operating expenses		(17,020)		(6,744)		(10,834)		(1,832)		(9,933)		6,595		(39,768)
Operating profit/(loss)		4,557		6,356		7,399		328		(2,329)		−		16,311
Share of profit in associates and joint ventures		410		1,617		511		16		2		−		2,556
Profit/(loss) before tax		4,967		7,973		7,910		344		(2,327)		−		18,867
		%		%		%		%		%				%
Share of HSBC's profit before tax		26.3		42.3		41.9		1.8		(12.3)				100.0
Cost efficiency ratio		72.4		45.4		59.4		84.3		130.6				66.5
Balance sheet data22,30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		340,009		302,240		236,932		42,942		2,331				924,454
- reported in held for sale		5,258		8,010		3,689		85		1,979				19,021
Total assets		473,284		365,290		1,616,704		81,448		147,417		(274,487)		2,409,656
Customer accounts		584,872		361,701		261,728		80,404		881				1,289,586
- reported in held for sale		7,758		3,363		2,551		3,010		−				16,682

		2014
		Retail Banking and Wealth Management28 $m		Commercial            Banking28 $m		Global Banking and Markets $m		Global Private Banking $m		Other29                    $m		Inter- segment     elimination44 $m		Total $m
Profit/(loss) before tax
Net interest income/(expense)		17,130		10,158		7,022		994		(501)		(98)		34,705
Net fee income/(expense)		6,836		4,570		3,560		1,056		(65)		−		15,957
Trading income/(expense) excluding net interest income		(26)		618		4,063		298		(100)		−		4,853
Net interest income/(expense) on trading activities		9		(2)		1,798		(4)		8		98		1,907
Net trading income/(expense)40		(17)		616		5,861		294		(92)		98		6,760
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		508		−		508
Net income/(expense) from other financial instruments designated at fair value		1,684		279		12		(1)		(9)		−		1,965
Net income/(expense) from financial instruments designated at fair value		1,684		279		12		(1)		499		−		2,473
Gains less losses from financial investments		14		31		1,117		9		164		−		1,335
Dividend income		24		18		80		5		184		−		311
Net insurance premium income		10,609		1,257		5		50		−		−		11,921
Other operating income		726		241		124		33		6,176		(6,169)		1,131
Total operating income		37,006		17,170		17,781		2,440		6,365		(6,169)		74,593
Net insurance claims 45		(11,857)		(1,422)		(3)		(63)		−		−		(13,345)
Net operating income1		25,149		15,748		17,778		2,377		6,365		(6,169)		61,248
Loan impairment (charges)/recoveries and other credit risk provisions		(1,936)		(1,558)		(365)		8		−		−		(3,851)
Net operating income		23,213		14,190		17,413		2,385		6,365		(6,169)		57,397
Employee expenses46		(5,126)		(2,351)		(3,655)		(732)		(8,502)		−		(20,366)
Other operating expenses		(12,904)		(4,630)		(8,373)		(1,046)		(99)		6,169		(20,883)
Total operating expenses		(18,030)		(6,981)		(12,028)		(1,778)		(8,601)		6,169		(41,249)
Operating profit/(loss)		5,183		7,209		5,385		607		(2,236)		−		16,148
Share of profit in associates and joint ventures		398		1,605		504		19		6		−		2,532
Profit/(loss) before tax		5,581		8,814		5,889		626		(2,230)		−		18,680
		%		%		%		%		%				%
Share of HSBC's profit before tax		29.9		47.2		31.5		3.4		(12.0)				100.0
Cost efficiency ratio		71.7		44.3		67.7		74.8		135.1				67.3
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		360,704		313,039		254,463		44,102		2,352				974,660
- reported in held for sale		198		−		288		91		-				577
Total assets		500,864		370,958		1,839,644		88,342		164,537		(330,206)		2,634,139
Customer accounts		583,757		361,318		319,121		85,465		981				1,350,642
- reported in held for sale		−		−		−		145		-				145

For footnotes, see page 99.

 

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