Annual Financial Report - 19 of 41

RNS Number : 8289D

HSBC Holdings PLC

30 March 2011

 



Profit/(loss) before tax and balance sheet data - Latin 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$m
Profit/(loss) before tax
Net interest income ...............	3,975		1,671		776		20		121		(252)		6,311
Net fee income/(expense) ......	899		526		298		32		(6)		-		1,749
Trading income/(expense) excluding net interest income ...........................................	35		72		370		3		(27)		-		453
Net interest income on trading activities .................	-		-		28		-		-		252		280
Net trading income/(expense)49	35		72		398		3		(27)		252		733
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income from other financial instruments designated at fair value .......	339		85		1		-		-		-		425
Net income from financial instruments designated at fair value ........................	339		85		1		-		-		-		425
Gains less losses from financial investments .........	6		2		93		-		(3)		-		98
Dividend income ....................	7		2		3		-		-		-		12
Net earned insurance premiums	1,651		374		29		-		-		-		2,054
Other operating income .........	90		34		23		2		221		(229)		141
Total operating income ......	7,002		2,766		1,621		57		306		(229)		11,523
Net insurance claims57 ............	(1,479)		(297)		(16)		-		-		-		(1,792)
Net operating income46 ......	5,523		2,469		1,605		57		306		(229)		9,731
Loan impairment charges and other credit risk provisions .	(1,247)		(293)		(4)		-		-		-		(1,544)
Net operating income .........	4,276		2,176		1,601		57		306		(229)		8,187
Total operating expenses .......	(3,983)		(1,623)		(704)		(47)		(266)		229		(6,394)
Operating profit .................	293		553		897		10		40		-		1,793
Share of profit in associates and joint ventures ...............	1		1		-		-		-		-		2
Profit before tax ..................	294		554		897		10		40		-		1,795
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	1.5		2.9		4.7		0.1		0.2				9.4
Cost efficiency ratio ..............	72.1		65.7		43.9		82.5		86.9				65.7
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	20,823		24,879		12,242		43		-				57,987
Total assets  ...........................	38,764		35,619		64,690		1,608		196		(939)		139,938
Customer accounts .................	30,149		24,514		27,810		6,053		-				88,526

Profit/(loss) before tax and balance sheet data - Latin America (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/(expense)	3,736		1,544		590		19		(5)		(311)		5,573
Net fee income ......................	948		490		251		28		12		-		1,729
Trading income excluding net interest income ..................	25		38		573		3		-		-		639
Net interest income/(expense) on trading activities ............	4		2		(108)		-		-		311		209
Net trading income49 ..............	29		40		465		3		-		311		848
Changes in fair value of long- term debt issued and related derivatives ..............	-		-		-		-		-		-		-
Net income/(expense) from other financial instruments designated at fair value .......	510		12		(38)		-		11		-		495
Net income/(expense) from financial instruments designated at fair value .......	510		12		(38)		-		11		-		495
Gains less losses from financial investments ........................	91		-		77		-		-		-		168
Dividend income ....................	9		1		1		-		-		-		11
Net earned insurance premiums	1,752		105		43		-		-		-		1,900
Other operating income/ (expense) ...........................	170		35		24		2		(1)		(97)		133
Total operating income .........	7,245		2,227		1,413		52		17		(97)		10,857
Net insurance claims57 ............	(1,750)		(58)		(25)		-		-		-		(1,833)
Net operating income46 ..........	5,495		2,169		1,388		52		17		(97)		9,024
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(2,046)		(534)		57		-		(3)		-		(2,526)
Net operating income ............	3,449		1,635		1,445		52		14		(97)		6,498
Total operating expenses .......	(3,666)		(1,236)		(514)		(41)		(15)		97		(5,375)
Operating profit/(loss) ...........	(217)		399		931		11		(1)		-		1,123
Share of profit in associates and joint ventures ...............	1		-		-		-		-		-		1
Profit/(loss) before tax ...........	(216)		399		931		11		(1)		-		1,124
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(3.1)		5.6		13.2		0.2		-				15.9
Cost efficiency ratio ..............	66.7		57.0		37.0		78.8		88.2				59.6
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	19,748		18,205		9,645		31		-				47,629
Total assets ............................	35,236		23,212		57,491		328		281		(581)		115,967
Customer accounts .................	30,628		19,775		20,142		2,344		-				72,889

For footnotes, see page 83.

 

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