Annual Financial Report - 15 of 56

RNS Number : 6168S

HSBC Holdings PLC

18 March 2016

 

Profit before tax and balance sheet data - Asia

		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 before tax
Net interest income/(expense)		5,132		3,613		3,373		175		(70)		(39)		12,184
Net fee income		2,939		1,466		1,304		310		13		−		6,032
Trading income excluding net interest income		225		352		1,801		127		13		−		2,518
Net interest income/(expense) on trading activities		(23)		(11)		559		1		7		39		572
Net trading income40		202		341		2,360		128		20		39		3,090
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		5		−		5
Net income/(expense) from other financial instruments designated at fair value		(329)		(30)		10		−		14		−		(335)
Net income/(expense) from financial instruments designated at fair value		(329)		(30)		10		−		19		−		(330)
Gains less losses from financial investments		35		23		117		−		1,384		−		1,559
Dividend income		2		−		1		−		25		−		28
Net insurance premium income /(expense)		6,006		780		−		−		(2)		−		6,784
Other operating income		659		149		146		2		2,878		(1,116)		2,718
Total operating income		14,646		6,342		7,311		615		4,267		(1,116)		32,065
Net insurance claims45		(5,925)		(837)		−		−		−		−		(6,762)
Net operating income1		8,721		5,505		7,311		615		4,267		(1,116)		25,303
Loan impairment (charges)/recoveries and other credit risk provisions		(307)		(425)		40		−		(1)		−		(693)
Net operating income		8,414		5,080		7,351		615		4,266		(1,116)		24,610
Total operating expenses		(4,320)		(2,020)		(2,719)		(363)		(2,583)		1,116		(10,889)
Operating profit		4,094		3,060		4,632		252		1,683		−		13,721
Share of profit in associates and joint ventures		292		1,448		302		−		−		−		2,042
Profit before tax		4,386		4,508		4,934		252		1,683		−		15,763
		%		%		%		%		%				%
Share of HSBC's profit before tax		23.2		23.9		26.2		1.3		8.9				83.5
Cost efficiency ratio		49.5		36.7		37.2		59.0		60.5				43.0
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		117,807		130,513		93,007		13,144		1,904				356,375
Total assets		172,719		157,838		540,404		14,488		69,080		(64,782)		889,747
Customer accounts		303,536		165,202		100,998		28,685		199				598,620

		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 before tax
Net interest income/(expense)		5,003		3,439		3,579		177		(16)		91		12,273
Net fee income		2,792		1,529		1,311		272		6		−		5,910
Trading income/(expense) excluding net interest income		216		382		1,220		142		(5)		−		1,955
Net interest income/(expense) on trading activities		(13)		(9)		771		−		9		(91)		667
Net trading income40		203		373		1,991		142		4		(91)		2,622
Changes in fair value of long-term debt issued and related derivatives		−		−		−		−		(4)		−		(4)
Net income/(expense) from other financial instruments designated at fair value		543		(6)		(2)		−		2		−		537
Net income/(expense) from financial instruments designated at fair value		543		(6)		(2)		−		(2)		−		533
Gains less losses from financial investments		1		5		46		−		148		−		200
Dividend income		1		−		1		−		177		−		179
Net insurance premium income		6,596		794		−		−		−		−		7,390
Other operating income		516		95		141		3		2,734		(1,158)		2,331
Total operating income		15,655		6,229		7,067		594		3,051		(1,158)		31,438
Net insurance claims45		(6,979)		(782)		−		−		−		−		(7,761)
Net operating income1		8,676		5,447		7,067		594		3,051		(1,158)		23,677
Loan impairment (charges)/recoveries and other credit risk provisions		(317)		(228)		(103)		1		−		−		(647)
Net operating income		8,359		5,219		6,964		595		3,051		(1,158)		23,030
Total operating expenses		(4,191)		(1,897)		(2,686)		(384)		(2,427)		1,158		(10,427)
Operating profit		4,168		3,322		4,278		211		624		−		12,603
Share of profit in associates and joint ventures		304		1,420		298		−		−		−		2,022
Profit before tax		4,472		4,742		4,576		211		624		−		14,625
		%		%		%		%		%				%
Share of HSBC's profit before tax		23.9		25.4		24.5		1.1		3.4				78.3
Cost efficiency ratio		48.3		34.8		38.0		64.6		79.5				44.0
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		115,643		132,509		99,934		12,894		1,975				362,955
Total assets		166,577		158,747		548,865		14,905		79,477		(89,848)		878,723
Customer accounts		286,670		155,608		104,896		29,847		470				577,491

For footnotes, see page 99.

 

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