Annual Financial Report - 17 of 41

RNS Number : 8278D

HSBC Holdings PLC

30 March 2011

 



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

	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/(expense)	9,912		1,525		952		190		(71)		(69)		12,439
Net fee income/(expense) ......	2,032		534		955		149		(6)		-		3,664
Trading income/(expense) excluding net interest income ...........................................	(472)		17		563		13		(12)		-		109
Net interest income on trading activities .................	24		2		93		-		17		69		205
Net trading income/(expense)49	(448)		19		656		13		5		69		314
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		111		-		111
Net income/(expense) from other financial instruments designated at fair value .......	6		-		(2)		-		(4)		-		-
Net income/(expense) from financial instruments designated at fair value .......	6		-		(2)		-		107		-		111
Gains less losses from financial investments .........	5		(6)		141		-		3		-		143
Dividend income ....................	18		7		12		3		2		-		42
Net earned insurance premiums	245		-		-		-		-		-		245
Other operating income .........	(243)		242		64		15		2,351		(2,196)		233
Total operating income ......	11,527		2,321		2,778		370		2,391		(2,196)		17,191
Net insurance claims57 ............	(148)		-		-		-		4		-		(144)
Net operating income46 ......	11,379		2,321		2,778		370		2,395		(2,196)		17,047
Loan impairment (charges)/ recoveries and other credit risk provisions ..........	(8,194)		(323)		184		38		-		-		(8,295)
Net operating income .........	3,185		1,998		2,962		408		2,395		(2,196)		8,752
Total operating expenses .......	(5,338)		(1,081)		(1,380)		(297)		(2,422)		2,196		(8,322)
Operating profit/(loss) .......	(2,153)		917		1,582		111		(27)		-		430
Share of profit/(loss) in associates and joint ventures	4		22		-		-		(2)		-		24
Profit/(loss) before tax .......	(2,149)		939		1,582		111		(29)		-		454
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(11.3)		5.0		8.3		0.6		(0.2)				2.4
Cost efficiency ratio ..............	46.9		46.6		49.7		80.3		101.1				48.8
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	131,194		30,277		24,338		4,723		-				190,532
Total assets  ...........................	154,086		39,213		306,416		5,824		9,373		(22,425)		492,487
Customer accounts .................	76,817		46,425		22,324		12,812		108				158,486

	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/(expense)	11,244		1,391		999		178		(84)		(58)		13,670
Net fee income ......................	3,174		453		1,045		142		3		-		4,817
Trading income/(expense) excluding net interest income ...........................................	257		(10)		(179)		(3)		(30)		-		35
Net interest income/(expense) on trading activities ............	60		3		175		(1)		1		58		296
Net trading income/(expense)49	317		(7)		(4)		(4)		(29)		58		331
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(3,497)		-		(3,497)
Net income from other financial instruments designated at fair value ............................	-		-		-		-		1		-		1
Net expense from financial instruments designated at fair value ........................	-		-		-		-		(3,496)		-		(3,496)
Gains less losses from financial investments ........................	16		3		277		-		-		-		296
Dividend income ....................	21		5		27		2		(2)		-		53
Net earned insurance premiums	309		-		-		-		-		-		309
Other operating income .........	9		162		317		11		1,828		(1,761)		566
Total operating income/(expense) ...............	15,090		2,007		2,661		329		(1,780)		(1,761)		16,546
Net insurance claims57 ............	(241)		-		-		-		-		-		(241)
Net operating income/ (expense)46 .........................	14,849		2,007		2,661		329		(1,780)		(1,761)		16,305
Loan impairment charges and other credit risk provisions .	(14,424)		(519)		(621)		(98)		(2)		-		(15,664)
Net operating income/ (expense) ...........................	425		1,488		2,040		231		(1,782)		(1,761)		641
Total operating expenses .......	(5,651)		(958)		(1,328)		(281)		(1,934)		1,761		(8,391)
Operating profit/(loss) ...........	(5,226)		530		712		(50)		(3,716)		-		(7,750)
Share of profit/(loss) in associates and joint ventures	-		13		-		-		(1)		-		12
Profit/(loss) before tax ...........	(5,226)		543		712		(50)		(3,717)		-		(7,738)
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(73.8)		7.7		10.1		(0.7)		(52.6)				(109.3)
Cost efficiency ratio ..............	38.1		47.7		49.9		85.4		(108.7)				51.5
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	151,671		31,292		18,654		5,236		-				206,853
Total assets ............................	179,597		38,232		260,131		6,572		2,071		(11,589)		475,014
Customer accounts .................	74,228		42,900		19,095		12,834		100				149,157

For footnotes, see page 83.

 

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