Annual Financial Report - 18 of 60

RNS Number : 1526D

HSBC Holdings PLC

25 March 2014

 



Profit before tax and balance sheet data - Rest of Asia-Pacific

	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$m
Profit before tax
Net interest income ...............	1,718		1,374		1,907		81		223		136		5,439
Net fee income/(expense) ......	728		555		722		70		(16)		−		2,059
Trading income/(expense) excluding net interest income	99		195		704		41		(722)		−		317
Net interest income/(expense) on trading activities ............	(19)		(6)		301		−		(1)		(136)		139
Net trading income/(expense)44	80		189		1,005		41		(723)		(136)		456
Changes in fair value of long- term debt issued and related derivatives ..........................	−		−		−		−		(1)		−		(1)
Net income/(expense) from other financial instruments designated at fair value .......	59		−		−		−		(2)		−		57
Net income/(expense) from financial instruments designated at fair value .......	59		−		−		−		(3)		−		56
Gains less losses from financial investments .........	(1)		−		16		4		1,203		−		1,222
Dividend income ....................	−		−		−		−		2		−		2
Net earned insurance premiums	651		185		1		−		−		−		837
Other operating income .........	145		6		85		3		2,569		(175)		2,633
Total operating income ......	3,380		2,309		3,736		199		3,255		(175)		12,704
Net insurance claims50 ............	(584)		(142)		−		−		−		−		(726)
Net operating income4 ........	2,796		2,167		3,736		199		3,255		(175)		11,978
Loan impairment charges and other credit risk provisions .	(210)		(128)		(23)		−		−		−		(361)
Net operating income .........	2,586		2,039		3,713		199		3,255		(175)		11,617
Total operating expenses .......	(2,139)		(1,022)		(1,256)		(123)		(1,275)		175		(5,640)
Operating profit .................	447		1,017		2,457		76		1,980		−		5,977
Share of profit/(loss) in associates and joint ventures	230		1,331		247		−		(21)		−		1,787
Profit before tax ..................	677		2,348		2,704		76		1,959		−		7,764
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	3.0		10.4		12.0		0.3		8.7				34.4
Cost efficiency ratio ..............	76.5		47.2		33.6		61.8		39.2				47.1
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	46,808		48,757		48,023		3,976		233				147,797
Total assets ............................	54,640		62,755		203,252		4,974		22,483		(12,167)		335,937
Customer accounts .................	64,921		44,767		61,065		11,822		51				182,626

Profit before tax and balance sheet data - Rest of Asia-Pacific (continued)

	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 before tax
Net interest income ...............	1,787		1,396		2,156		102		137		(187)		5,391
Net fee income/(expense) ......	854		499		666		71		(7)		-		2,083
Trading income/(expense) excluding net interest income	96		188		1,002		67		(592)		-		761
Net interest income/(expense) on trading activities ............	(6)		(3)		100		-		14		187		292
Net trading income/(expense)44	90		185		1,102		67		(578)		187		1,053
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 .......	109		1		(3)		-		3		-		110
Net income/(expense) from financial instruments designated at fair value .......	109		1		(3)		-		(1)		-		106
Gains less losses from financial investments .........	(1)		2		(10)		-		25		-		16
Dividend income ....................	-		-		1		-		4		-		5
Net earned insurance premiums	569		243		-		-		-		-		812
Gain on disposal of Ping An ...	-		-		-		-		3,012		-		3,012
Other operating income .........	211		64		82		68		1,571		(172)		1,824
Total operating income .........	3,619		2,390		3,994		308		4,163		(172)		14,302
Net insurance claims50 ............	(523)		(195)		-		-		-		-		(718)
Net operating income4 ...........	3,096		2,195		3,994		308		4,163		(172)		13,584
Loan impairment charges and other credit risk provisions .	(234)		(154)		(48)		-		-		-		(436)
Net operating income ............	2,862		2,041		3,946		308		4,163		(172)		13,148
Total operating expenses .......	(2,238)		(993)		(1,279)		(149)		(1,319)		172		(5,806)
Operating profit .....................	624		1,048		2,667		159		2,844		-		7,342
Share of profit in associates and joint ventures ...............	893		1,554		658		-		1		-		3,106
Profit before tax ....................	1,517		2,602		3,325		159		2,845		-		10,448
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	7.3		12.6		16.1		0.8		13.8				50.6
Cost efficiency ratio ..............	72.3		45.2		32.0		48.4		31.7				42.7
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	46,027		43,968		44,721		3,238		165				138,119
Total assets ............................	55,509		59,123		201,774		12,142		24,534		(10,813)		342,269
Customer accounts .................	63,230		44,865		64,392		11,095		39				183,621

For footnotes, see page 132.

 

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