Annual Financial Report - 15 of 44

RNS Number : 1103A

HSBC Holdings PLC

27 March 2012

 



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

	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$m		Inter-    segment elimination64        US$m		Total         US$m
Profit/(loss) before tax
Net interest income ...............	589		496		371		2		2		(28)		1,432
Net fee income/(expense) ......	173		271		173		13		(3)		-		627
Trading income/(expense) excluding net interest income ...............................	62		95		266		1		(1)		-		423
Net interest income/(expense) on trading activities ............	-		-		32		-		(1)		28		59
Net trading income/(expense)56	62		95		298		1		(2)		28		482
Net income from financial instruments designated at fair value ............................	-		-		-		-		10		-		10
Gains less losses from financial investments .........	1		1		(7)		-		(3)		-		(8)
Dividend income ....................	1		1		3		-		-		-		5
Other operating income/ (expense) ...........................	22		11		11		(1)		124		(108)		59
Total operating income ......	848		875		849		15		128		(108)		2,607
Net insurance claims65 ............	-		-		-		-		-		-		-
Net operating income52 ......	848		875		849		15		128		(108)		2,607
Loan impairment charges and other credit risk provisions .	(126)		(116)		(51)		-		-		-		(293)
Net operating income .........	722		759		798		15		128		(108)		2,314
Total operating expenses .......	(535)		(320)		(295)		(21)		(96)		108		(1,159)
Operating profit/(loss) .......	187		439		503		(6)		32		-		1,155
Share of profit in associates and joint ventures ...............	60		98		140		4		35		-		337
Profit/(loss) before tax .......	247		537		643		(2)		67		-		1,492
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	1.1		2.5		2.9		-		0.3				6.8
Cost efficiency ratio ..............	63.1		36.6		34.7		140.0		75.0				44.5
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	4,921		12,446		8,479		26		3				25,875
Total assets ............................	6,549		14,556		34,676		72		4,792		(3,181)		57,464
Customer accounts .................	18,549		10,943		6,703		114		113				36,422

			2010
	Retail        Banking   and Wealth Management17           US$m				Commercial       Banking          US$m		Global      Banking             and     Markets17         US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination64         US$m		Total          US$m
Profit/(loss) before tax
Net interest income ...			553		473		334		-		14		(7)		1,367
Net fee income .......... ...............................			200		258		202		17		-		-		677
Trading income/(expense) excluding net interest income ..................			59		85		205		1		(7)		-		343
Net interest income/(expense) on trading activities ...............................			1		7		18		-		(6)		7		27
Net trading income/(expense)56			60		92		223		1		(13)		7		370
Net income/(expense) from financial instruments designated at fair value ......................			-		-		-		-		-		-		-
Gains less losses from financial investments ...........			1		-		(3)		-		(1)		-		(3)
Dividend income .......			2		1		4		-		-		-		7
Other operating income/ (expense) ...............			27		(8)		(1)		1		40		(67)		(8)
Total operating income ..................			843		816		759		19		40		(67)		2,410
Net insurance claims65			-		-		-		-		-		-		-
Net operating income52 ................			843		816		759		19		40		(67)		2,410
Loan impairment charges and other credit risk provisions .............. ...............................			(227)		(145)		(255)		-		-		-		(627)
Net operating income			616		671		504		19		40		(67)		1,783
Total operating expenses ................			(524)		(297)		(263)		(18)		(43)		67		(1,078)
Operating profit/(loss) ...............................			92		374		241		1		(3)		-		705
Share of profit/(loss) in associates and joint ventures .................			26		110		58		(16)		9		-		187
Profit/(loss) before tax ...............................			118		484		299		(15)		6		-		892
			%		%		%		%		%				%
Share of HSBC's profit before tax ..............			0.6		2.6		1.6		(0.1)		-				4.7
Cost efficiency ratio ..			62.2		36.4		34.7		94.7		107.5				44.7
Balance sheet data49
			US$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 ...............			6,286		13,991		31,253		59		4,129		(2,961)		52,757
Customer accounts ....			17,538		10,319		5,306		290		58				33,511

For footnotes, see page 95.

 

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