Interim Report - 6 of 24

RNS Number : 1999X

HSBC Holdings PLC

26 August 2015

 



Analysis by global business

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

		Half-year to 30 June 2015
		Retail Banking        and Wealth Management                        $m		Commercial              Banking                        $m		Global              Banking  and Markets                        $m		Global Private              Banking                        $m		Other13                      $m		Inter-           segment       elimination19                      $m		Total                        $m
Profit before tax
Net interest income/(expense)		8,054		4,892		3,629		454		(397)		(188)		16,444
Net fee income/(expense)		3,334		2,168		1,711		527		(15)		−		7,725
- trading income/(expense) excluding net interest income		295		308		2,880		175		(138)		-		3,520
- net interest income/(expense) on trading activities		(5)		(7)		863		(1)		15		188		1,053
Net trading income/(expense)6		290		301		3,743		174		(123)		188		4,573
Net income from financial instruments designated at fair value		1,237		128		638		−		663		-		2,666
Gains less losses from financial investments		51		27		402		24		1,370		-		1,874
Dividend income		11		10		17		4		26		-		68
Net insurance premium income		4,950		624		3		30		−		-		5,607
Other operating income		609		100		120		2		3,163		(3,158)		836
Total operating income		18,536		8,250		10,263		1,215		4,687		(3,158)		39,793
Net insurance claims		(6,094)		(716)		(2)		(38)		−		−		(6,850)
Net operating income15		12,442		7,534		10,261		1,177		4,687		(3,158)		32,943
Loan impairment (charges)/ recoveries and other credit risk provisions		(934)		(511)		11		(5)		-		-		(1,439)
Net operating income		11,508		7,023		10,272		1,172		4,687		(3,158)		31,504
- employee expenses20		(2,571)		(1,171)		(1,994)		(350)		(3,955)		-		(10,041)
- other operating income/ (expense)		(5,783)		(2,150)		(3,796)		(651)		76		3,158		(9,146)
Total operating expenses		(8,354)		(3,321)		(5,790)		(1,001)		(3,879)		3,158		(19,187)
Operating profit		3,154		3,702		4,482		171		808		-		12,317
Share of profit in associates and joint ventures		208		821		272		9		1		-		1,311
Profit before tax		3,362		4,523		4,754		180		809		-		13,628
		%		%		%		%		%				%
Share of HSBC's profit before tax		24.7		33.2		34.9		1.3		5.9				100.0
Cost efficiency ratio		67.1		44.1		56.4		85.0		82.8				58.2
Balance sheet data14
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		352,189		310,256		244,321		44,242		2,977				953,985
Reported in held for sale		6,640		10,325		4,016		43		−				21,024
Total assets		497,199		378,641		1,790,461		85,740		167,946		(348,274)		2,571,713
Customer accounts		589,715		362,069		299,181		82,878		1,957				1,335,800
Reported in held for sale		9,549		4,694		3,438		1,751		−				19,432

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

		Half-year to 30 June 2014
		Retail Banking       and Wealth   Management9                      $m		Commercial               Banking9                       $m		Global               Banking  and Markets                        $m		Global Private               Banking                        $m		Other13 $m		Inter-           segment       elimination19                      $m		Total                        $m
Profit/(loss) before tax
Net interest income/(expense)		8,617		4,994		3,602		536		(221)		(123)		17,405
Net fee income		3,377		2,327		1,939		533		1		-		8,177
- trading income/(expense) excluding net interest income		(12)		338		2,001		161		(126)		-		2,362
- net interest income/(expense) on trading activities		1		(4)		789		(2)		6		123		913
Net trading income/(expense)6		(11)		334		2,790		159		(120)		123		3,275
Net income/(expense) from financial instruments designated at fair value		1,078		119		743		1		(281)		-		1,660
Gains less losses from financial investments		7		25		462		12		440		-		946
Dividend income		15		14		32		3		24		-		88
Net insurance premium income		5,501		615		2		19		-		-		6,137
Other operating income/(expense)		378		81		222		(7)		2,814		(2,950)		538
Total operating income		18,962		8,509		9,792		1,256		2,657		(2,950)		38,226
Net insurance claims		(6,346)		(686)		(1)		(26)		-		-		(7,059)
Net operating income15		12,616		7,823		9,791		1,230		2,657		(2,950)		31,167
Loan impairment (charges)/ recoveries and other credit risk provisions		(1,299)		(488)		(49)		(6)		1		-		(1,841)
Net operating income		11,317		7,335		9,742		1,224		2,658		(2,950)		29,326
- employee expenses20		(2,544)		(1,147)		(1,806)		(363)		(4,118)		-		(9,978)
- other operating income/ (expense)		(5,986)		(2,180)		(3,152)		(505)		585		2,950		(8,288)
Total operating expenses		(8,530)		(3,327)		(4,958)		(868)		(3,533)		2,950		(18,266)
Operating profit/(loss)		2,787		4,008		4,784		356		(875)		-		11,060
Share of profit in associates and joint ventures		215		806		249		8		2		-		1,280
Profit/(loss) before tax		3,002		4,814		5,033		364		(873)		-		12,340
		%		%		%		%		%				%
Share of HSBC's profit before tax		24.4		39.0		40.8		2.9		(7.1)				100.0
Cost efficiency ratio		67.6		42.5		50.6		70.6		133.0				58.6
Balance sheet data14
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		381,353		315,001		303,133		45,131		2,623				1,047,241
Reported in held for sale		380		157		82		972		-				1,591
Total assets		526,089		375,014		2,043,767		99,379		170,802		(461,458)		2,753,593
Customer accounts		600,650		363,235		360,732		89,641		1,447				1,415,705
Reported in held for sale		181		485		373		3,841		-				4,880

		Half-year to 31 December 2014
		Retail Banking        and Wealth   Management9                        $m		Commercial               Banking9                       $m		Global               Banking     and Markets                        $m		Global                 Private               Banking                        $m		Other13                      $m		Inter-           segment       elimination19                      $m		Total                        $m
Profit/(loss) before tax
Net interest income/(expense)		8,513		5,164		3,420		458		(280)		25		17,300
Net fee income/(expense)		3,459		2,243		1,621		523		(66)		-		7,780
- trading income excluding net interest income		(14)		280		2,062		137		26		-		2,491
- net interest income/(expense) on trading activities		8		2		1,009		(2)		2		(25)		994
Net trading income/(expense)6		(6)		282		3,071		135		28		(25)		3,485
Net income/(expense) from financial instruments designated at fair value		606		160		(731)		(2)		780		-		813
Gains less losses from financial investments		7		6		655		(3)		(276)		-		389
Dividend income		9		4		48		2		160		-		223
Net insurance premium income		5,108		642		3		31		-		-		5,784
Other operating income/(expense)		348		160		(98)		40		3,362		(3,219)		593
Total operating income		18,044		8,661		7,989		1,184		3,708		(3,219)		36,367
Net insurance claims		(5,511)		(736)		(2)		(37)		-		-		(6,286)
Net operating income15		12,533		7,925		7,987		1,147		3,708		(3,219)		30,081
Loan impairment (charges)/ recoveries and other credit risk provisions		(637)		(1,070)		(316)		14		(1)		-		(2,010)
Net operating income		11,896		6,855		7,671		1,161		3,707		(3,219)		28,071
- employee expenses20		(2,582)		(1,204)		(1,849)		(369)		(4,384)		-		(10,388)
- other operating expenses		(6,918)		(2,450)		(5,221)		(541)		(684)		3,219		(12,595)
Total operating expenses		(9,500)		(3,654)		(7,070)		(910)		(5,068)		3,219		(22,983)
Operating profit/(loss)		2,396		3,201		601		251		(1,361)		-		5,088
Share of profit in associates and joint ventures		183		799		255		11		4		-		1,252
Profit/(loss) before tax		2,579		4,000		856		262		(1,357)		-		6,340
		%		%		%		%		%				%
Share of HSBC's profit before tax		40.7		63.1		13.5		4.1		(21.4)				100.0
Cost efficiency ratio		75.8		46.1		88.5		79.3		136.7				76.4
Balance sheet data14
		$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 56.

 

END

 

 

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