Annual Financial Report - 20x of 48

RNS Number : 3769B

HSBC Holdings PLC

03 April 2013

 



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

	2012								2011
	Card and      Retail Services      US$m		Run-off portfolios      US$m		Rest of    RBWM      US$m		North America    RBWM      US$m		Card and        Retail    Services       US$m		Run-off portfolios       US$m		Rest of    RBWM      US$m		North  America     RBWM       US$m
Profit/(loss) before tax
Net interest income ....	1,267		2,563		1,651		5,481		4,128		2,990		1,813		8,931
Net fee income/(expense) ...	395		33		495		923		1,273		(49)		612		1,836
Trading income/(expense) excluding net interest income....................	-		(226)		10		(216)		-		(1,145)		199		(946)
Net interest income on trading activities .....	-		-		17		17		-		-		25		25
Net trading income/(expense)78 .	-		(226)		27		(199)		-		(1,145)		224		(921)
Gains less losses from financial investments ................................	-		-		27		27		-		55		3		58
Dividend income ........	-		3		12		15		-		5		10		15
Net earned insurance premiums.................	-		-		193		193		-		230		6		236
Gains on disposal of US branch network and cards business ..........	3,148		-		587		3,735		-		-		-		-
Other operating income /(expense) ...............	7		23		143		173		61		(185)		(1)		(125)
Total operating income ..................	4,817		2,396		3,135		10,348		5,462		1,901		2,667		10,030
Net insurance claims86	-		-		(148)		(148)		-		(156)		2		(154)
Net operating income21 ...............	4,817		2,396		2,987		10,200		5,462		1,745		2,669		9,876
Loan impairment charges and other credit risk provisions ................................ ................................	(322)		(2,569)		(350)		(3,241)		(1,600)		(4,982)		(347)		(6,929)
Net operating income/ (expense) ..............	4,495		(173)		2,637		6,959		3,862		(3,237)		2,322		2,947
Total operating expenses .................	(729)		(1,103)		(2,134)		(3,966)		(1,801)		(1,238)		(2,576)		(5,615)
Operating profit/(loss) ...........	3,766		(1,276)		503		2,993		2,061		(4,475)		(254)		(2,668)
Share of profit in associates and joint ventures ...	-		2		-		2		-		3		-		3
Profit/(loss) before tax .........................	3,766		(1,274)		503		2,995		2,061		(4,472)		(254)		(2,665)
	%		%		%		%		%		%		%		%
Share of HSBC's profit before tax ...............	18.2		(6.2)		2.4		14.5		9.4		(20.4)		(1.2)		(12.2)
Cost efficiency ratio ...	15.1		46.0		71.4		38.9		33.0		70.9		96.5		56.9
Balance sheet data74
	US$m		US$m		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............	-		34,260		42,154		76,414		-		43,543		42,947		86,490
- assets held for sale ............................	-		3,463		436		3,899		29,137		-		1,921		31,058
Total assets ................	-		54,382		46,721		101,103		30,635		56,830		56,813		144,278
Customer accounts reported in:
- customer accounts ............................	-		-		57,758		57,758		-		-		63,558		63,558
- liabilities of disposal groups held for sale .....................	-		-		-		-		-		-		10,104		10,104

For footnotes, see page 120.

 

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