Annual Financial Report - 13 of 41

RNS Number : 8259D

HSBC Holdings PLC

30 March 2011

 



Profit before tax and balance sheet data - Rest of Asia-Pacific

	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$m
Profit before tax
Net interest income ...............	1,581		938		1,435		91		55		(272)		3,828
Net fee income/(expense) ......	668		442		777		55		(10)		-		1,932
Trading income/(expense) excluding net interest income ...........................................	81		129		966		69		(38)		-		1,207
Net interest income on trading activities .................	-		-		138		-		1		272		411
Net trading income/(expense)49	81		129		1,104		69		(37)		272		1,618
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(2)		-		(2)
Net income/(expense) from other financial instruments designated at fair value .......	41		2		(1)		-		(16)		-		26
Net income/(expense) from financial instruments designated at fair value .......	41		2		(1)		-		(18)		-		24
Gains less losses from financial investments .........	1		3		50		-		92		-		146
Dividend income ....................	-		-		1		-		-		-		1
Net earned insurance premiums	386		62		-		-		-		-		448
Other operating income .........	108		86		56		1		1,499		(152)		1,598
Total operating income ......	2,866		1,662		3,422		216		1,581		(152)		9,595
Net insurance claims57 ............	(324)		(39)		-		-		-		-		(363)
Net operating income46 ......	2,542		1,623		3,422		216		1,581		(152)		9,232
Loan impairment charges and other credit risk provisions .	(298)		(19)		(122)		-		-		-		(439)
Net operating income .........	2,244		1,604		3,300		216		1,581		(152)		8,793
Total operating expenses .......	(2,164)		(799)		(1,163)		(135)		(1,034)		152		(5,143)
Operating profit .................	80		805		2,137		81		547		-		3,650
Share of profit in associates and joint ventures ...............	986		751		447		-		68		-		2,252
Profit before tax ..................	1,066		1,556		2,584		81		615		-		5,902
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	5.6		8.2		13.6		0.4		3.2				31.0
Cost efficiency ratio ..............	85.1		49.2		34.0		62.5		65.4				55.7
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	37,831		31,423		35,810		3,489		178				108,731
Total assets  ...........................	49,508		41,588		166,960		12,126		19,450		(11,570)		278,062
Customer accounts .................	54,741		36,943		53,752		12,620		99				158,155

	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 before tax
Net interest income ...............	1,493		807		1,174		115		91		(141)		3,539
Net fee income/(expense) ......	554		331		636		55		(19)		-		1,557
Trading income/(expense) excluding net interest income ...........................................	80		134		1,013		55		(18)		-		1,264
Net interest income/(expense) on trading activities ............	(1)		-		202		-		-		141		342
Net trading income/(expense)49	79		134		1,215		55		(18)		141		1,606
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(1)		-		(1)
Net income/(expense) from other financial instruments designated at fair value .......	110		1		(2)		-		2		-		111
Net income/(expense) from financial instruments designated at fair value .......	110		1		(2)		-		1		-		110
Gains less losses from financial investments .........	5		2		(7)		-		(19)		-		(19)
Dividend income ....................	-		-		1		-		1		-		2
Net earned insurance premiums	337		28		-		-		-		-		365
Other operating income/ (expense) ...........................	67		66		41		(2)		1,200		(134)		1,238
Total operating income .........	2,645		1,369		3,058		223		1,237		(134)		8,398
Net insurance claims57 ............	(380)		(15)		-		-		-		-		(395)
Net operating income46 ..........	2,265		1,354		3,058		223		1,237		(134)		8,003
Loan impairment charges and other credit risk provisions .	(649)		(221)		(23)		(2)		(1)		-		(896)
Net operating income ............	1,616		1,133		3,035		221		1,236		(134)		7,107
Total operating expenses .......	(1,839)		(636)		(1,006)		(131)		(972)		134		(4,450)
Operating profit/(loss) ...........	(223)		497		2,029		90		264		-		2,657
Share of profit in associates and joint ventures ...............	686		567		290		-		-		-		1,543
Profit before tax ....................	463		1,064		2,319		90		264		-		4,200
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	6.5		15.0		32.8		1.3		3.7				59.3
Cost efficiency ratio ..............	81.2		47.0		32.9		58.7		78.6				55.6
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	30,433		22,595		23,989		2,834		192				80,043
Total assets ............................	40,266		31,221		138,884		11,928		7,160		(7,320)		222,139
Customer accounts .................	47,573		30,196		43,698		12,496		36				133,999

For footnotes, see page 83.

 

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