Annual Financial Report - 12 of 48

RNS Number : 3657B

HSBC Holdings PLC

03 April 2013

 



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

	2012
	Retail Banking and Wealth Management         US$m		Commercial    Banking         US$m		Global    Banking and     Markets         US$m		Global Private    Banking         US$m		Other        US$m		Inter-    segment elimination85        US$m		Total         US$m
Profit before tax
Net interest income/(expense)	5,437		3,228		1,409		820		(543)		43		10,394
Net fee income ......................	2,622		1,658		1,032		848		9		-		6,169
Trading income excluding net interest income ..................	67		26		848		216		25		-		1,182
Net interest income on trading activities ............................	7		14		1,500		14		33		(43)		1,525
Net trading income78 ..............	74		40		2,348		230		58		(43)		2,707
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(3,091)		-		(3,091)
Net income/(expense) from other financial instruments designated at fair value .......	770		139		1,073		-		(1,106)		-		876
Net income/(expense) from financial instruments designated at fair value .......	770		139		1,073		-		(4,197)		-		(2,215)
Gains less losses from financial investments .........	(5)		(1)		375		(3)		(2)		-		364
Dividend income ....................	-		1		104		3		3		-		111
Net earned insurance premiums	3,150		438		-		42		-		-		3,630
Other operating income .........	84		58		88		61		796		(9)		1,078
Total operating income/ (expense) ..........................	12,132		5,561		6,429		2,001		(3,876)		(9)		22,238
Net insurance claims86 ............	(4,054)		(536)		-		(40)		-		-		(4,630)
Net operating income/ (expense)21 .......................	8,078		5,025		6,429		1,961		(3,876)		(9)		17,608
Loan impairment charges and other credit risk provisions .	(347)		(1,109)		(436)		(29)		-		-		(1,921)
Net operating income/ (expense) ..........................	7,731		3,916		5,993		1,932		(3,876)		(9)		15,687
Total operating expenses .......	(7,225)		(2,708)		(4,999)		(1,431)		(2,741)		9		(19,095)
Operating profit/(loss) .......	506		1,208		994		501		(6,617)		-		(3,408)
Share of profit/(loss) in associates and joint ventures	3		-		(8)		(2)		1		-		(6)
Profit/(loss) before tax .......	509		1,208		986		499		(6,616)		-		(3,414)
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	2.5		5.9		4.8		2.4		(32.0)				(16.5)
Cost efficiency ratio ..............	89.4		53.9		77.8		73.0		(70.7)				108.4
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	170,002		105,796		156,798		29,963		881				463,440
Total assets  ...........................	240,744		132,718		1,044,507		76,145		75,513		(180,387)		1,389,240
Customer accounts .................	191,024		121,648		184,473		57,125		739				555,009

	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$m		Inter-      segment elimination85         US$m		Total          US$m
Profit before tax
Net interest income/(expense) ...	5,653		3,107		2,102		936		(574)		(223)		11,001
Net fee income ........... ................................	2,633		1,640		989		942		32		-		6,236
Trading income/(expense) excluding net interest income ...................	40		5		602		191		(201)		-		637
Net interest income on trading activities .....	11		16		1,205		16		53		223		1,524
Net trading income/(expense)78 .	51		21		1,807		207		(148)		223		2,161
Changes in fair value of long- term debt issued and related derivatives ...	-		-		-		-		3,180		-		3,180
Net income/(expense) from other financial instruments designated at fair value .......................	(672)		(21)		(65)		-		46		-		(712)
Net income/(expense) from financial instruments designated at fair value .......................	(672)		(21)		(65)		-		3,226		-		2,468
Gains less losses from financial investments ................................	51		(1)		453		1		11		-		515
Dividend income ........	1		1		42		4		1		-		49
Net earned insurance premiums ................	3,768		381		-		-		(13)		-		4,136
Other operating income ...................	95		58		187		5		760		74		1,179
Total operating income ................................	11,580		5,186		5,515		2,095		3,295		74		27,745
Net insurance claims86	(3,212)		(287)		-		-		-		-		(3,499)
Net operating income21 ................................	8,368		4,899		5,515		2,095		3,295		74		24,246
Loan impairment (charges)/ recoveries and other credit risk provisions ........ ................................	(596)		(960)		(876)		(82)		2		-		(2,512)
Net operating income .	7,772		3,939		4,639		2,013		3,297		74		21,734
Total operating expenses .................	(6,450)		(2,252)		(4,569)		(1,456)		(2,268)		(74)		(17,069)
Operating profit .........	1,322		1,687		70		557		1,029		-		4,665
Share of profit/(loss) in associates and joint ventures	-		-		7		-		(1)		-		6
Profit before tax ........	1,322		1,687		77		557		1,028		-		4,671
	%		%		%		%		%				%
Share of HSBC's profit before tax ...............	6.0		7.7		0.4		2.5		4.7				21.3
Cost efficiency ratio ...	77.1		46.0		82.8		69.5		68.8				70.4
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) .......	150,205		98,154		156,903		28,378		696				434,336
Total assets  ...............	210,140		124,049		1,021,486		77,410		63,141		(214,281)		1,281,945
Customer accounts .....	176,134		104,530		154,208		58,265		267				493,404

For footnotes, see page 120.

 

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