Annual Financial Report - 7 of 41

RNS Number : 8240D

HSBC Holdings PLC

30 March 2011

 



Analysis by customer group and global business

HSBC profit/(loss) before tax and balance sheet data

	2010
	Personal   Financial     Services         US$m		Commercial    Banking         US$m		Global    Banking &     Markets         US$m		Global Private    Banking         US$m		Other44        US$m		Inter-    segment elimination56        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense)	24,161		8,487		7,348		1,345		(998)		(902)		39,441
Net fee income ......................	7,336		3,964		4,725		1,299		31		-		17,355
Trading income/(expense) excluding net interest income ...............................	(107)		427		4,327		391		(358)		-		4,680
Net interest income on trading activities .................	28		28		1,504		21		47		902		2,530
Net trading income/(expense)49	(79)		455		5,831		412		(311)		902		7,210
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(258)		-		(258)
Net income from other financial instruments designated at fair value .......	1,210		190		36		-		42		-		1,478
Net income/(expense) from financial instruments designated at fair value .......	1,210		190		36		-		(216)		-		1,220
Gains less losses from financial investments .........	42		(1)		797		(6)		136		-		968
Dividend income ....................	27		12		48		5		20		-		112
Net earned insurance premiums	9,737		1,379		41		-		(11)		-		11,146
Other operating income .........	650		585		1,147		38		6,005		(5,863)		2,562
Total operating income ......	43,084		15,071		19,973		3,093		4,656		(5,863)		80,014
Net insurance claims57 ............	(10,508)		(1,237)		(26)		-		4		-		(11,767)
Net operating income46 ......	32,576		13,834		19,947		3,093		4,660		(5,863)		68,247
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(11,259)		(1,805)		(990)		12		3		-		(14,039)
Net operating income .........	21,317		12,029		18,957		3,105		4,663		(5,863)		54,208
Employee expenses58 .............	(5,388)		(2,153)		(4,735)		(1,237)		(6,323)		-		(19,836)
Other operating expenses .......	(13,417)		(4,678)		(5,227)		(798)		405		5,863		(17,852)
Total operating expenses .......	(18,805)		(6,831)		(9,962)		(2,035)		(5,918)		5,863		(37,688)
Operating profit/(loss) .......	2,512		5,198		8,995		1,070		(1,255)		-		16,520
Share of profit/(loss) in associates and joint ventures	1,006		892		541		(16)		94		-		2,517
Profit/(loss) before tax .......	3,518		6,090		9,536		1,054		(1,161)		-		19,037
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	18.5		32.0		50.1		5.5		(6.1)				100.0
Cost efficiency ratio ..............	57.7		49.4		49.9		65.8		127.0				55.2
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	390,957		239,286		284,503		40,665		2,955				958,366
Total assets  ...........................	527,698		296,797		1,758,315		116,846		161,458		(406,425)		2,454,689
Customer accounts .................	525,184		286,007		308,453		107,130		951				1,227,725

 

	2009
	Personal Financial Services US$m		Commercial Banking US$m		Global Banking &      Markets US$m		Global Private      Banking          US$m		Other44 US$m		Inter-      segment elimination56         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	25,107		7,883		8,610		1,474		(1,035)		(1,309)		40,730
Net fee income ......................	8,238		3,702		4,363		1,236		125		-		17,664
Trading income excluding net interest income ..................	637		332		4,701		322		244		-		6,236
Net interest income on trading activities .................	65		22		2,174		22		35		1,309		3,627
Net trading income49 ..............	702		354		6,875		344		279		1,309		9,863
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(6,247)		-		(6,247)
Net income/(expense) from other financial instruments designated at fair value .......	2,339		100		473		-		(196)		-		2,716
Net income/(expense) from financial instruments designated at fair value .......	2,339		100		473		-		(6,443)		-		(3,531)
Gains less losses from financial investments .........	224		23		265		5		3		-		520
Dividend income ....................	33		8		68		5		12		-		126
Net earned insurance premiums	9,534		886		54		-		(3)		-		10,471
Other operating income .........	809		739		1,146		48		5,042		(4,996)		2,788
Total operating income/ (expense) ...........................	46,986		13,695		21,854		3,112		(2,020)		(4,996)		78,631
Net insurance claims57 ............	(11,571)		(842)		(34)		-		(3)		-		(12,450)
Net operating income/ (expense)46 .........................	35,415		12,853		21,820		3,112		(2,023)		(4,996)		66,181
Loan impairment charges and other credit risk provisions .	(19,902)		(3,282)		(3,168)		(128)		(8)		-		(26,488)
Net operating income/ (expense) ...........................	15,513		9,571		18,652		2,984		(2,031)		(4,996)		39,693
Employee expenses58 .............	(6,069)		(2,072)		(4,335)		(1,198)		(4,790)		-		(18,464)
Other operating expenses .......	(12,223)		(3,891)		(4,202)		(686)		75		4,996		(15,931)
Total operating expenses .......	(18,292)		(5,963)		(8,537)		(1,884)		(4,715)		4,996		(34,395)
Operating profit/(loss) ...........	(2,779)		3,608		10,115		1,100		(6,746)		-		5,298
Share of profit in associates and joint ventures ...............	714		667		366		8		26		-		1,781
Profit/(loss) before tax ...........	(2,065)		4,275		10,481		1,108		(6,720)		-		7,079
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(29.2)		60.4		148.1		15.6		(94.9)				100.0
Cost efficiency ratio ..............	51.7		46.4		39.1		60.5		(233.1)				52.0
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	399,460		199,674		256,956		37,031		3,110		-		896,231
Total assets  ...........................	554,074		251,143		1,683,672		116,148		150,983		(391,568)		2,364,452
Customer accounts .................	499,109		267,388		284,727		106,533		1,277		-		1,159,034

For footnotes, see page 83.

 

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