Annual Financial Report - 11 of 41

RNS Number : 8255D

HSBC Holdings PLC

30 March 2011

 



Profit/(loss) before tax and balance sheet data - Hong Kong

	2010
	Personal   Financial     Services         US$m		Commercial    Banking         US$m		Global    Banking &     Markets         US$m		Global       Private    Banking         US$m		Other         US$m		Inter-    segment elimination56        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense)	2,604		1,106		915		173		(463)		(89)		4,246
Net fee income ......................	1,521		634		630		163		14		-		2,962
Trading income/(expense) excluding net interest income ...............................	197		121		681		120		(12)		-		1,107
Net interest income on trading activities .................	4		-		100		-		12		89		205
Net trading income49 ..............	201		121		781		120		-		89		1,312
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(2)		-		(2)
Net income/(expense) from other financial instruments designated at fair value .......	328		(10)		61		-		1		-		380
Net income/(expense) from financial instruments designated at fair value .......	328		(10)		61		-		(1)		-		378
Gains less losses from financial investments .........	-		-		56		1		41		-		98
Dividend income ....................	-		1		12		-		17		-		30
Net earned insurance premiums	3,655		665		12		-		-		-		4,332
Other operating income .........	503		68		166		12		1,140		(283)		1,606
Total operating income ......	8,812		2,585		2,633		469		748		(283)		14,964
Net insurance claims57 ............	(4,193)		(559)		(10)		-		-		-		(4,762)
Net operating income46 ......	4,619		2,026		2,623		469		748		(283)		10,202
Loan impairment charges and other credit risk provisions .	(76)		(28)		(10)		-		-		-		(114)
Net operating income .........	4,543		1,998		2,613		469		748		(283)		10,088
Total operating expenses .......	(1,630)		(653)		(1,187)		(242)		(1,002)		283		(4,431)
Operating profit/(loss) .......	2,913		1,345		1,426		227		(254)		-		5,657
Share of profit in associates and joint ventures ...............	5		7		4		-		19		-		35
Profit/(loss) before tax .......	2,918		1,352		1,430		227		(235)		-		5,692
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	15.3		7.1		7.5		1.2		(1.2)				29.9
Cost efficiency ratio ..............	35.3		32.2		45.3		51.6		134.0				43.4
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	50,983		48,670		34,491		4,760		1,787				140,691
Total assets61  ........................	76,665		55,030		223,492		20,598		62,486		(8,706)		429,565
Customer accounts .................	176,960		71,209		29,388		19,241		686				297,484

	2009
	Personal     Financial       Services          US$m		Commercial       Banking          US$m		Global   Banking &       Markets          US$m		Global        Private       Banking          US$m		Other          US$m		Inter-       segment elimination56          US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	2,577		938		1,150		212		(558)		(124)		4,195
Net fee income ......................	1,410		530		563		125		41		-		2,669
Trading income/(expense) excluding net interest income ...........................................	186		92		792		91		(93)		-		1,068
Net interest income on trading activities ............................	3		-		16		-		14		124		157
Net trading income/(expense)49	189		92		808		91		(79)		124		1,225
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(3)		-		(3)
Net income/(expense) from other financial instruments designated at fair value .......	707		(46)		138		-		(11)		-		788
Net income/(expense) from financial instruments designated at fair value .......	707		(46)		138		-		(14)		-		785
Gains less losses from financial investments .........	80		18		(108)		-		19		-		9
Dividend income ....................	1		1		10		-		16		-		28
Net earned insurance premiums ...........................	3,161		500		13		-		-		-		3,674
Other operating income .........	346		64		59		10		1,062		(267)		1,274
Total operating income .........	8,471		2,097		2,633		438		487		(267)		13,859
Net insurance claims57 ............	(3,979)		(404)		(9)		-		-		-		(4,392)
Net operating income46 ..........	4,492		1,693		2,624		438		487		(267)		9,467
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(203)		(168)		(131)		1		1		-		(500)
Net operating income ............	4,289		1,525		2,493		439		488		(267)		8,967
Total operating expenses .......	(1,566)		(570)		(987)		(242)		(848)		267		(3,946)
Operating profit/(loss) ...........	2,723		955		1,506		197		(360)		-		5,021
Share of profit in associates and joint ventures ...............	5		1		1		-		1		-		8
Profit/(loss) before tax ...........	2,728		956		1,507		197		(359)		-		5,029
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	38.5		13.5		21.3		2.8		(5.1)				71.0
Cost efficiency ratio ..............	34.9		33.7		37.6		55.3		174.1				41.7
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	43,869		28,217		21,991		3,361		1,943				99,381
Total assets61 .........................	83,497		34,743		217,146		20,353		52,508		(9,004)		399,243
Customer accounts .................	166,445		62,146		26,650		19,474		726				275,441

For footnotes, see page 83.

 

END

 

 

ACSUKAARAOAOUAR