Annual Financial Report - 11 of 44

RNS Number : 1094A
HSBC Holdings PLC
27 March 2012
 



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


2011


       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

elimination64

       US$m


         Total
        US$m















Profit/(loss) before tax




























Net interest income/(expense)

2,571


1,317


1,051


173


(464)


43


4,691















Net fee income ......................

1,741


706


475


160


15


-


3,097















Trading income/(expense) excluding net interest
income ...............................

120


169


652


135


(116)


-


960

Net interest income on
trading activities .................

9


1


246


-


16


(43)


229















Net trading income/(expense)56

129


170


898


135


(100)


(43)


1,189















Changes in fair value of long-
term debt issued and related derivatives ..........................

-


-


-


-


-


-


-

Net income/(expense) from
other financial instruments
designated at fair value .......

(475)


(72)


(5)


-


15


-


(537)















Net income/(expense) from financial instruments
designated at fair value .......

(475)


(72)


(5)


-


15


-


(537)

Gains less losses from
financial investments .........

3


10


21


-


(10)


-


24

Dividend income ....................

-


1


14


-


24


-


39

Net earned insurance premiums

4,317


758


13


-


-


-


5,088

Other operating income .........

505


175


79


8


1,185


(268)


1,684















Total operating income ......

8,791


3,065


2,546


476


665


(268)


15,275















Net insurance claims65 ............

(3,887)


(697)


(9)


-


-


-


(4,593)















Net operating income52 ......

4,904


2,368


2,537


476


665


(268)


10,682















Loan impairment (charges)/ recoveries and other credit
risk provisions ....................

(77)


(66)


23


(36)


-


-


(156)















Net operating income .........

4,827


2,302


2,560


440


665


(268)


10,526















Total operating expenses .......

(1,811)


(703)


(1,248)


(252)


(1,012)


268


(4,758)















Operating profit/(loss) .......

3,016


1,599


1,312


188


(347)


-


5,768















Share of profit in associates
and joint ventures ...............

6


9


4


-


36


-


55















Profit/(loss) before tax .......

3,022


1,608


1,316


188


(311)


-


5,823
















               %


               %


               %


               %


               %




               %

Share of HSBC's profit
before tax ...........................

           13.8


             7.3


             6.0


             0.9


            (1.4)




           26.6

Cost efficiency ratio ..............

           36.9


           29.7


           49.2


           52.9


         152.2




           44.5















Balance sheet data49















US$m


US$m


US$m


US$m


        US$m




US$m

Loans and advances to
customers (net) ..................

56,296


54,986


39,667


5,447


1,269




157,665

Total assets ............................

85,866


63,516


238,892


20,680


84,782


(20,712)


473,024

Customer accounts .................

181,316


79,225


35,283


19,622


(101)




315,345

 

 


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


2010


         Retail
     Banking
and Wealth
    Manage-

         ment17

        US$m


Commercial

      Banking
         US$m


        Global
     Banking
            and

    Markets17

        US$m


        Global

       Private
     Banking
         US$m


         Other

         US$m

                

         Inter-
     segment

elimination64

        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 ......................

1,656


634


495


163


14


-


2,962















Trading income/(expense) excluding net interest
income ...............................

198


121


680


120


(12)


-


1,107

Net interest income on
trading activities .................

4


-


100


-


12


89


205















Net trading income56 ..............

202


121


780


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 .........

513


68


156


12


1,140


(283)


1,606















Total operating income .........

8,958


2,585


2,487


469


748


(283)


14,964















Net insurance claims65 ............

(4,193)


(559)


(10)


-


-


-


(4,762)















Net operating income52 ..........

4,765


2,026


2,477


469


748


(283)


10,202















Loan impairment charges and other credit risk provisions .

(76)


(28)


(10)


-


-


-


(114)















Net operating income ............

4,689


1,998


2,467


469


748


(283)


10,088















Total operating expenses .......

(1,693)


(653)


(1,124)


(242)


(1,002)


283


(4,431)















Operating profit/(loss) ...........

2,996


1,345


1,343


227


(254)


-


5,657















Share of profit in associates
and joint ventures ...............

5


7


4


-


19


-


35















Profit/(loss) before tax ...........

3,001


1,352


1,347


227


(235)


-


5,692
















               %


               %


               %


               %


               %




               %

Share of HSBC's profit
before tax ...........................

           15.7


             7.1


             7.1


             1.2


            (1.2)




           29.9

Cost efficiency ratio ..............

           35.5


           32.2


           45.4


           51.6


         134.0




           43.4















Balance sheet data49















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 assets68 .........................

76,871


55,030


223,286


20,598


62,486


(8,706)


429,565

Customer accounts .................

176,960


71,209


29,388


19,241


686




297,484

For footnotes, see page 95.


This information is provided by RNS
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