Annual Financial Report - 22 of 48

RNS Number : 3781B

HSBC Holdings PLC

03 April 2013

 



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

	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$m		Inter-    segment elimination85        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense)	4,145		2,173		993		30		(2)		(355)		6,984
Net fee income ......................	873		622		207		33		-		-		1,735
Trading income excluding net interest income ............	85		99		398		3		1		-		586
Net interest income on trading activities .................	-		-		29		-		1		355		385
Net trading income78 ..............	85		99		427		3		2		355		971
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income from other financial instruments designated at fair value ............................	503		163		1		-		-		-		667
Net income from financial instruments designated at fair value ............................	503		163		1		-		-		-		667
Gains less losses from financial investments .........	75		21		131		-		-		-		227
Dividend income ....................	9		5		1		-		-		-		15
Net earned insurance premiums	1,985		450		17		-		-		-		2,452
Other operating income/(expense) ...............	309		(9)		6		3		134		(190)		253
Total operating income ......	7,984		3,524		1,783		69		134		(190)		13,304
Net insurance claims86 ............	(1,875)		(469)		(9)		-		-		-		(2,353)
Net operating income21 ......	6,109		3,055		1,774		69		134		(190)		10,951
Loan impairment charges and other credit risk provisions .	(1,541)		(581)		(13)		(2)		-		-		(2,137)
Net operating income .........	4,568		2,474		1,761		67		134		(190)		8,814
Total operating expenses .......	(3,960)		(1,723)		(608)		(47)		(282)		190		(6,430)
Operating profit/(loss) .......	608		751		1,153		20		(148)		-		2,384
Share of profit in associates and joint ventures ...............	-		-		-		-		-		-		-
Profit/(loss) before tax .......	608		751		1,153		20		(148)		-		2,384
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	2.9		3.6		5.6		0.1		(0.7)				11.6
Cost efficiency ratio ..............	64.8		56.4		34.3		68.1		210.4				58.7
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	17,236		25,379		10,903		91		-				53,609
Total assets ............................	36,141		35,507		58,272		570		1,110		(323)		131,277
Customer accounts .................	28,688		20,834		12,604		4,430		-				66,556

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

	2011
	Retail      Banking and Wealth Management          US$m		Commercial       Banking          US$m		Global      Banking and      Markets          US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination85         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	4,519		2,229		882		25		(7)		(692)		6,956
Net fee income ......................	939		610		196		36		-		-		1,781
Trading income/(expense) excluding net interest income ...........................................	68		106		372		5		(7)		-		544
Net interest income on trading activities .................	-		-		134		-		8		692		834
Net trading income78 ..............	68		106		506		5		1		692		1,378
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income from other financial instruments designated at fair value ............................	424		124		2		-		-		-		550
Net income from financial instruments designated at fair value ............................	424		124		2		-		-		-		550
Gains less losses from financial investments .........	11		1		124		1		-		-		137
Dividend income ....................	10		3		1		-		-		-		14
Net earned insurance premiums	2,068		551		34		-		-		-		2,653
Other operating income .........	265		57		32		2		222		(250)		328
Total operating income .........	8,304		3,681		1,777		69		216		(250)		13,797
Net insurance claims86 ............	(1,850)		(478)		(16)		-		-		-		(2,344)
Net operating income21 ..........	6,454		3,203		1,761		69		216		(250)		11,453
Loan impairment charges and other credit risk provisions .	(1,369)		(501)		(12)		-		(1)		-		(1,883)
Net operating income ............	5,085		2,702		1,749		69		215		(250)		9,570
Total operating expenses .......	(4,382)		(1,835)		(700)		(49)		(539)		250		(7,255)
Operating profit/(loss) ...........	703		867		1,049		20		(324)		-		2,315
Share of profit in associates and joint ventures ...............	-		-		-		-		-		-		-
Profit/(loss) before tax ...........	703		867		1,049		20		(324)		-		2,315
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	3.2		4.0		4.8		0.1		(1.5)				10.6
Cost efficiency ratio ..............	67.9		57.3		39.8		71.0		249.5				63.3
Balance sheet data74
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	19,025		25,834		11,011		62		6				55,938
Total assets ............................	39,231		38,410		66,241		1,660		417		(1,070)		144,889
Customer accounts .................	28,629		24,050		18,940		7,079		62				78,760

For footnotes, see page 120.

 

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