Annual Financial Report - 20 of 48

RNS Number : 3760B

HSBC Holdings PLC

03 April 2013

 



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

	2012
	Retail    Banking and Wealth Management         US$m		Commercial   Banking89 US$m		Global    Banking and     Markets         US$m		Global       Private    Banking         US$m		Other         US$m		Inter-    segment elimination85        US$m		Total         US$m
Profit/(loss) before tax
Net interest income ...............	5,481		1,443		948		192		118		(65)		8,117
Net fee income ......................	923		562		716		124		188		-		2,513
Trading income/(expense) excluding net interest income ...........................................	(216)		47		466		20		16		-		333
Net interest income on trading activities ............................	17		1		91		-		-		65		174
Net trading income/(expense)78	(199)		48		557		20		16		65		507
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(1,219)		-		(1,219)
Net income from other financial instruments designated at fair value ............................	-		-		-		-		-		-		-
Net expense from financial instruments designated at fair value ............................	-		-		-		-		(1,219)		-		(1,219)
Gains less losses from financial investments .........	27		-		223		(7)		8		-		251
Dividend income ....................	15		11		32		3		-		-		61
Net earned insurance premiums	193		-		-		-		-		-		193
Gains on disposal of US branch network and cards business ..	3,735		277		-		-		-		-		4,012
Other operating income .........	173		149		191		5		1,787		(1,899)		406
Total operating income ......	10,348		2,490		2,667		337		898		(1,899)		14,841
Net insurance claims86 ............	(148)		-		-		-		-		-		(148)
Net operating income21 ......	10,200		2,490		2,667		337		898		(1,899)		14,693
Loan impairment (charges)/ recoveries and other credit risk provisions ..........	(3,241)		(148)		(71)		3		-		-		(3,457)
Net operating income .........	6,959		2,342		2,596		340		898		(1,899)		11,236
Total operating expenses .......	(3,966)		(1,144)		(1,639)		(268)		(3,822)		1,899		(8,940)
Operating profit/(loss) .......	2,993		1,198		957		72		(2,924)		-		2,296
Share of profit in associates and joint ventures ...............	2		1		-		-		-		-		3
Profit/(loss) before tax .......	2,995		1,199		957		72		(2,924)		-		2,299
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	14.5		5.8		4.6		0.3		(14.2)				11.1
Cost efficiency ratio ..............	38.9		45.9		61.5		79.5		425.6				60.8
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) reported in:
- loans and advances to customers (net) ................	76,414		36,387		22,498		5,457		-				140,756
- assets held for sale (disposal groups) ..............	3,899		-		-		-		-				3,899
Total assets ............................	101,103		48,604		345,040		8,828		12,659		(25,987)		490,247
Customer accounts reported in:
- customer accounts ...........	57,758		48,080		29,595		13,553		51				149,037

	2011
	Retail       Banking and Wealth Management          US$m		Commercial     Banking89         US$m		Global      Banking and      Markets          US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination85         US$m		Total          US$m
Profit/(loss) before tax
Net interest income ...............	8,931		1,528		893		187		9		(68)		11,480
Net fee income/(expense) ......	1,836		551		773		149		(1)		-		3,308
Trading income/(expense) excluding net interest income ...........................................	(946)		34		261		17		(26)		-		(660)
Net interest income/(expense) on trading activities ............	25		1		205		-		(1)		68		298
Net trading income/(expense)78	(921)		35		466		17		(27)		68		(362)
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		967		-		967
Net income/(expense) from other financial instruments designated at fair value .......	-		-		(5)		-		2		-		(3)
Net income/(expense) from financial instruments designated at fair value .......	-		-		(5)		-		969		-		964
Gains less losses from financial investments .........	58		7		195		-		2		-		262
Dividend income ....................	15		9		13		3		-		-		40
Net earned insurance premiums	236		-		-		-		-		-		236
Other operating income .........	(125)		110		193		11		2,244		(2,207)		226
Total operating income .........	10,030		2,240		2,528		367		3,196		(2,207)		16,154
Net insurance claims86 ............	(154)		-		-		-		-		-		(154)
Net operating income21 ..........	9,876		2,240		2,528		367		3,196		(2,207)		16,000
Loan impairment (charges)/ recoveries and other credit risk provisions ..........	(6,929)		(105)		(11)		30		(1)		-		(7,016)
Net operating income ............	2,947		2,135		2,517		397		3,195		(2,207)		8,984
Total operating expenses .......	(5,615)		(1,166)		(1,642)		(307)		(2,396)		2,207		(8,919)
Operating profit/(loss) ...........	(2,668)		969		875		90		799		-		65
Share of profit/(loss) in associates and joint ventures	3		33		-		-		(1)		-		35
Profit/(loss) before tax ...........	(2,665)		1,002		875		90		798		-		100
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(12.2)		4.6		4.0		0.4		3.7				0.5
Cost efficiency ratio ..............	56.9		52.1		65.0		83.7		75.0				55.7
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) reported in:
- loans and advances to customers (net) ................	86,490		32,215		19,289		4,753		-				142,747
- assets held for sale (disposal groups) ..............	31,058		520		-		-		-				31,578
Total assets ............................	144,278		43,747		320,783		7,138		10,378		(22,022)		504,302
Customer accounts reported in:
- customer accounts ...........	63,558		47,003		30,465		14,862		94				155,982
- liabilities of disposal groups held for sale ..........	10,104		5,040		-		-		-				15,144

For footnotes, see page 120.

 

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