Annual Financial Report - 14 of 60

RNS Number : 1510D

HSBC Holdings PLC

25 March 2014

 



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

	2013
	Retail Banking and Wealth Management         US$m		Commercial    Banking         US$m		Global    Banking and     Markets         US$m		Global Private    Banking         US$m		Other        US$m		Inter-    segment elimination49        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense) ...........................................	5,600		3,353		1,774		722		(694)		(62)		10,693
Net fee income/(expense) ...... ...........................................	2,545		1,789		957		744		(3)		-		6,032
Trading income excluding net interest income ..................	206		30		2,181		192		698		-		3,307
Net interest income on trading activities ............................	2		5		1,013		4		30		62		1,116
Net trading income44 ..............	208		35		3,194		196		728		62		4,423
Changes in fair value of long- term debt issued and related derivatives ..........................	−		−		−		−		(936)		−		(936)
Net income/(expense) from other financial instruments designated at fair value .......	1,059		271		591		4		(570)		(1)		1,354
Net income/(expense) from financial instruments designated at fair value .......	1,059		271		591		4		(1,506)		(1)		418
Gains less losses from financial investments .........	52		−		344		(17)		−		−		379
Dividend income ....................	4		2		65		4		−		−		75
Net earned insurance premiums ...........................................	2,782		361		(1)		16		−		−		3,158
Other operating income/ (expense) ...........................	(103)		9		110		(253)		766		−		529
Total operating income/ (expense) ..........................	12,147		5,820		7,034		1,416		(709)		(1)		25,707
Net insurance claims50 ............	(4,136)		(567)		−		(37)		−		−		(4,740)
Net operating income/ (expense)4 ........................	8,011		5,253		7,034		1,379		(709)		(1)		20,967
Loan impairment charges and other credit risk provisions . ...........................................	(329)		(935)		(242)		(24)		−		−		(1,530)
Net operating income/ (expense) ..........................	7,682		4,318		6,792		1,355		(709)		(1)		19,437
Total operating expenses .......	(5,934)		(2,231)		(4,987)		(1,519)		(2,943)		1		(17,613)
Operating profit/(loss) .......	1,748		2,087		1,805		(164)		(3,652)		−		1,824
Share of profit/(loss) in associates and joint ventures	5		1		(4)		(1)		−		−		1
Profit/(loss) before tax .......	1,753		2,088		1,801		(165)		(3,652)		−		1,825
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	7.8		9.2		8.0		(0.7)		(16.2)				8.1
Cost efficiency ratio ..............	74.1		42.5		70.9		110.2		(415.1)				84.0
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)34 ................	177,357		105,498		193,226		27,289		830				504,200
Total assets  ...........................	238,499		124,242		1,054,506		75,718		72,174		(172,180)		1,392,959
Customer accounts34 ..............	205,288		134,120		254,598		49,789		1,021				644,816

	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$m		Inter-      segment elimination49         US$m		Total          US$m
Profit/(loss) 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 income44 ..............	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 claims50 ............	(4,054)		(536)		-		(40)		-		-		(4,630)
Net operating income/ (expense)4 ..........................	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 data40
	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

For footnotes, see page 132.

 

END

 

 

ACSUVAVRSWAOUAR