Annual Financial Report - 10 of 56

RNS Number : 6141S

HSBC Holdings PLC

18 March 2016

 

Summary	76
Reconciliation of 2015 and 2014 reported and adjusted items for geographical regions	77
Europe	79
Asia	82
Middle East and North Africa	86
North America	89
Latin America	92

Summary

Additional information on results in 2015 may be found in the Financial Summary on pages 48 to 64.

In the analysis of profit and loss by geographical regions that follows, operating income and operating expenses include intra‑HSBC items of $3,375m (2014: $2,972m; 2013: $2,628m).

All tables are on a reported basis unless otherwise stated.

Basis of preparation The results of the geographical regions are presented in accordance with the accounting policies used in the preparation of HSBC's consolidated financial statements. Our operations are closely integrated, and accordingly, the presentation of the geographical data includes internal allocation of certain items of income and expense. These allocations include the costs of certain support services and global functions to the extent that they can be meaningfully attributed to geographical regions. While such allocations have been done on a systematic and consistent basis, they necessarily involve a degree of subjectivity. Where relevant, income and expense amounts presented include the results of inter-segment funding along with inter-company transactions. All such transactions are undertaken on an arm's length basis. The expense of the UK bank levy is included in the Europe geographical region as HSBC regards the levy as a cost of being headquartered in the UK.

Profit/(loss) before tax

		2015				2014				2013
		$m		%		$m		%		$m		%
Europe		643		3.4		596		3.2		1,825		8.1
Asia		15,763		83.5		14,625		78.3		15,853		70.3
Middle East and North Africa		1,537		8.1		1,826		9.8		1,694		7.5
North America		614		3.3		1,417		7.6		1,221		5.4
Latin America		310		1.7		216		1.1		1,972		8.7
Year ended 31 December		18,867		100.0		18,680		100.0		22,565		100.0

Total assets³⁰

		2015				2014
		$m		%		$m		%
Europe		1,129,365		46.9		1,290,926		49.0
Asia		889,747		36.9		878,723		33.4
Middle East and North Africa		59,236		2.5		62,417		2.4
North America		393,960		16.3		436,859		16.6
Latin America		86,262		3.6		115,354		4.4
Intra-HSBC items		(148,914)		(6.2)		(150,140)		(5.8)
At 31 December		2,409,656		100.0		2,634,139		100.0

Risk-weighted assets⁴⁷

		2015				2014
		$bn		%		$bn		%
At 31 December		1,103.0		100.0		1,219.8		100.0
Europe		337.4		30.6		375.4		30.1
Asia		459.7		41.7		499.8		40.0
Middle East and North Africa		60.4		5.5		63.0		5.0
North America		191.6		17.4		221.4		17.8
Latin America		73.4		6.7		88.8		7.1

For footnotes, see page 99.  

 

 

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