Annual Financial Report - 13 of 56

RNS Number : 6160S

HSBC Holdings PLC

18 March 2016

 

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

		2015
		Retail Banking and Wealth Management $m		Commercial Banking $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Inter-segment elimination44 $m		Total $m
Profit/(loss) before tax
Net interest income/(expense)		5,128		3,433		1,848		471		(689)		(186)		10,005
Net fee income/(expense)		1,880		1,683		849		509		(30)		−		4,891
Trading income/(expense) excluding net interest income		103		35		3,270		186		(203)		−		3,391
Net interest income/(expense) on trading activities		(3)		(6)		493		(3)		2		186		669
Net trading income/(expense)40		100		29		3,763		183		(201)		186		4,060
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		671		−		671
Net income/(expense) from other financial instruments designated at fair value		446		6		(70)		−		47		−		429
Net income/(expense) from financial instruments designated at fair value		446		6		(70)		−		718		−		1,100
Gains less losses from financial investments		12		8		231		23		−		−		274
Dividend income		−		1		12		7		2		−		22
Net insurance premium income		2,295		135		−		42		−		−		2,472
Other operating income		360		7		61		7		1,229		(312)		1,352
Total operating income		10,221		5,302		6,694		1,242		1,029		(312)		24,176
Net insurance claims45		(2,918)		(139)		−		(61)		−		−		(3,118)
Net operating income1		7,303		5,163		6,694		1,181		1,029		(312)		21,058
Loan impairment (charges)/recoveries and other credit risk provisions		(260)		(475)		62		(18)		1		−		(690)
Net operating income		7,043		4,688		6,756		1,163		1,030		(312)		20,368
Total operating expenses		(5,851)		(2,368)		(5,715)		(1,149)		(4,962)		312		(19,733)
Operating profit/(loss)		1,192		2,320		1,041		14		(3,932)		−		635
Share of profit/(loss) in associates and joint ventures		2		(1)		7		−		−		−		8
Profit/(loss) before tax		1,194		2,319		1,048		14		(3,932)		−		643
		%		%		%		%		%				%
Share of HSBC's profit before tax		6.3		12.3		5.6		0.1		(20.9)				3.4
Cost efficiency ratio		80.1		45.9		85.4		97.3		482.2				93.7
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		156,156		110,617		101,568		23,273		427				392,041
Total assets		205,866		124,105		804,373		56,470		57,943		(119,392)		1,129,365
Customer accounts		200,437		132,928		126,225		37,810		476				497,876

		2014
		Retail Banking and Wealth Management $m		Commercial Banking $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Inter-segment elimination44 $m		Total $m
Profit/(loss) before tax
Net interest income/(expense)		5,196		3,616		1,956		594		(654)		(97)		10,611
Net fee income/(expense)		2,456		1,900		1,087		626		(27)		−		6,042
Trading income/(expense) excluding net interest income		(260)		33		1,943		140		(92)		−		1,764
Net interest income/(expense) on trading activities		14		2		660		(4)		1		97		770
Net trading income/(expense)40		(246)		35		2,603		136		(91)		97		2,534
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		614		−		614
Net income/(expense) from other financial instruments designated at fair value		616		119		14		(1)		(11)		−		737
Net income/(expense) from financial instruments designated at fair value		616		119		14		(1)		603		−		1,351
Gains less losses from financial investments		12		10		730		9		11		−		772
Dividend income		3		7		50		2		3		−		65
Net insurance premium income		2,741		217		−		50		−		−		3,008
Other operating income/(expense)		(127)		45		(3)		29		1,249		(186)		1,007
Total operating income		10,651		5,949		6,437		1,445		1,094		(186)		25,390
Net insurance claims45		(3,450)		(306)		−		(63)		−		−		(3,819)
Net operating income1		7,201		5,643		6,437		1,382		1,094		(186)		21,571
Loan impairment (charges)/recoveries and other credit risk provisions		(268)		(502)		−		4		2		−		(764)
Net operating income		6,933		5,141		6,437		1,386		1,096		(186)		20,807
Total operating expenses		(6,621)		(2,594)		(6,391)		(1,071)		(3,726)		186		(20,217)
Operating profit/(loss)		312		2,547		46		315		(2,630)		−		590
Share of profit in associates and joint ventures		2		1		3		−		−		−		6
Profit/(loss) before tax		314		2,548		49		315		(2,630)		−		596
		%		%		%		%		%				%
Share of HSBC's profit before tax		1.7		13.6		0.3		1.7		(14.1)				3.2
Cost efficiency ratio		91.9		46.0		99.3		77.5		340.6				93.7
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		165,112		106,342		113,136		24,766		377				409,733
Total assets		221,679		120,819		948,951		64,676		64,182		(129,381)		1,290,926
Customer accounts		202,413		135,837		166,075		41,380		254				545,959

For footnotes, see page 99.

 

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