Annual Financial Report - 15 of 41

RNS Number : 8267D

HSBC Holdings PLC

30 March 2011

 



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

	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$m
Profit/(loss) before tax
Net interest income ...............	553		473		334		-		14		(7)		1,367
Net fee income ......................	200		258		202		17		-		-		677
Trading income/(expense) excluding net interest income ...........................................	59		85		205		1		(7)		-		343
Net interest income/(expense) on trading activities ............	1		7		18		-		(6)		7		27
Net trading income/(expense)49	60		92		223		1		(13)		7		370
Gains less losses from financial investments .........	1		-		(3)		-		(1)		-		(3)
Dividend income ....................	2		1		4		-		-		-		7
Other operating income/ (expense) ...........................	27		(8)		(1)		1		40		(67)		(8)
Total operating income ......	843		816		759		19		40		(67)		2,410
Net insurance claims57 ............	-		-		-		-		-		-		-
Net operating income46 ......	843		816		759		19		40		(67)		2,410
Loan impairment charges and other credit risk provisions .	(227)		(145)		(255)		-		-		-		(627)
Net operating income .........	616		671		504		19		40		(67)		1,783
Total operating expenses .......	(524)		(297)		(263)		(18)		(43)		67		(1,078)
Operating profit/(loss) .......	92		374		241		1		(3)		-		705
Share of profit/(loss) in associates and joint ventures	8		110		76		(16)		9		-		187
Profit/(loss) before tax .......	100		484		317		(15)		6		-		892
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	0.5		2.6		1.7		(0.1)		-				4.7
Cost efficiency ratio ..............	62.2		36.4		34.7		94.7		107.5				44.7
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	5,063		12,293		7,247		21		2				24,626
Total assets  ...........................	6,244		13,991		31,295		59		4,129		(2,961)		52,757
Customer accounts .................	17,538		10,319		5,306		290		58				33,511

Profit/(loss) before tax and balance sheet data - Middle East (continued)

	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$m
Profit/(loss) before tax
Net interest income ...............	644		464		330		1		46		-		1,485
Net fee income ......................	203		219		198		3		2		-		625
Trading income excluding net interest income ..................	55		75		235		1		3		-		369
Net interest income on trading activities ............................	-		-		20		-		5		-		25
Net trading income49 ..............	55		75		255		1		8		-		394
Gains less losses from financial investments .........	12		(2)		1		-		5		-		16
Dividend income ....................	-		-		3		-		-		-		3
Other operating income/ (expense) ...........................	35		39		35		(1)		39		(76)		71
Total operating income .........	949		795		822		4		100		(76)		2,594
Net insurance claims57 ............	-		-		-		-		-		-		-
Net operating income46 ..........	949		795		822		4		100		(76)		2,594
Loan impairment charges and other credit risk provisions .	(588)		(573)		(173)		-		-		-		(1,334)
Net operating income ............	361		222		649		4		100		(76)		1,260
Total operating expenses .......	(508)		(269)		(255)		(6)		(39)		76		(1,001)
Operating profit/(loss) ...........	(147)		(47)		394		(2)		61		-		259
Share of profit in associates and joint ventures ...............	21		68		73		8		26		-		196
Profit/(loss) before tax ...........	(126)		21		467		6		87		-		455
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(1.8)		0.3		6.6		0.1		1.2				6.4
Cost efficiency ratio ..............	53.5		33.8		31.0		150.0		39.0				38.6
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	5,979		10,281		6,554		28		2				22,844
Total assets ............................	6,810		11,861		28,189		96		4,952		(3,801)		48,107
Customer accounts .................	15,074		10,122		5,752		1,172		409				32,529

For footnotes, see page 83.

 

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