Annual Financial Report - 7 of 44

RNS Number : 1079A

HSBC Holdings PLC

27 March 2012

 



Analysis by global business

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

	2011
	Retail    Banking             and Wealth Management         US$m		Commercial    Banking         US$m		Global    Banking and     Markets         US$m		Global Private    Banking         US$m		Other48        US$m		Inter-    segment elimination64        US$m		Total         US$m
Profit before tax
Net interest income/(expense)	24,101		9,931		7,263		1,439		(911)		(1,161)		40,662
Net fee income ......................	8,226		4,291		3,227		1,382		34		-		17,160
Trading income/(expense) excluding net interest income ...............................	(562)		565		3,306		415		(441)		-		3,283
Net interest income on trading activities .................	43		19		1,898		16		86		1,161		3,223
Net trading income/(expense)56	(519)		584		5,204		431		(355)		1,161		6,506
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		4,161		-		4,161
Net income/(expense) from other financial instruments designated at fair value .......	(761)		33		(72)		-		78		-		(722)
Net income/(expense) from financial instruments designated at fair value .......	(761)		33		(72)		-		4,239		-		3,439
Gains less losses from financial investments .........	124		20		761		3		(1)		-		907
Dividend income ....................	27		15		75		7		25		-		149
Net earned insurance premiums	10,882		1,956		47		-		(13)		-		12,872
Other operating income .........	907		483		577		30		6,127		(6,358)		1,766
Total operating income ......	42,987		17,313		17,082		3,292		9,145		(6,358)		83,461
Net insurance claims65 ............	(9,454)		(1,702)		(25)		-		-		-		(11,181)
Net operating income52 ......	33,533		15,611		17,057		3,292		9,145		(6,358)		72,280
Loan impairment charges and other credit risk provisions .	(9,319)		(1,738)		(984)		(86)		-		-		(12,127)
Net operating income .........	24,214		13,873		16,073		3,206		9,145		(6,358)		60,153
Employee expenses66..............	(6,538)		(2,184)		(4,196)		(1,351)		(6,897)		-		(21,166)
Other operating expenses .......	(14,664)		(5,037)		(5,526)		(915)		(595)		6,358		(20,379)
Total operating expenses .......	(21,202)		(7,221)		(9,722)		(2,266)		(7,492)		6,358		(41,545)
Operating profit .................	3,012		6,652		6,351		940		1,653		-		18,608
Share of profit in associates and joint ventures ...............	1,258		1,295		698		4		9		-		3,264
Profit before tax ..................	4,270		7,947		7,049		944		1,662		-		21,872
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	19.6		36.3		32.2		4.3		7.6				100.0
Cost efficiency ratio ..............	63.2		46.3		57.0		68.8		81.9				57.5
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	357,907		262,039		276,463		41,856		2,164				940,429
Total assets  ...........................	540,548		334,966		1,877,627		119,839		180,126		(497,527)		2,555,579
Customer accounts .................	529,017		306,174		306,454		111,814		466				1,253,925

 

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

	2010
	Retail      Banking and Wealth     Manage-          ment17         US$m		Commercial       Banking          US$m		Global      Banking             and     Markets17         US$m		Global Private      Banking          US$m		Other48         US$m		Inter-      segment elimination64         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	24,166		8,487		7,343		1,345		(998)		(902)		39,441
Net fee income ......................	8,397		3,964		3,664		1,299		31		-		17,355
Trading income/(expense) excluding net interest income ...............................	(106)		427		4,326		391		(358)		-		4,680
Net interest income on trading activities .................	28		28		1,504		21		47		902		2,530
Net trading income/(expense)56	(78)		455		5,830		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 .........	(24)		(1)		863		(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 .........	684		585		1,113		38		6,005		(5,863)		2,562
Total operating income .........	44,119		15,071		18,938		3,093		4,656		(5,863)		80,014
Net insurance claims65 ............	(10,508)		(1,237)		(26)		-		4		-		(11,767)
Net operating income52 ..........	33,611		13,834		18,912		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 ............	22,352		12,029		17,922		3,105		4,663		(5,863)		54,208
Employee expenses66 .............	(5,770)		(2,153)		(4,353)		(1,237)		(6,323)		-		(19,836)
Other operating expenses .......	(13,769)		(4,678)		(4,875)		(798)		405		5,863		(17,852)
Total operating expenses .......	(19,539)		(6,831)		(9,228)		(2,035)		(5,918)		5,863		(37,688)
Operating profit/(loss) ...........	2,813		5,198		8,694		1,070		(1,255)		-		16,520
Share of profit/(loss) in associates and joint ventures	1,026		892		521		(16)		94		-		2,517
Profit/(loss) before tax ...........	3,839		6,090		9,215		1,054		(1,161)		-		19,037
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	20.2		32.0		48.4		5.5		(6.1)				100.0
Cost efficiency ratio ..............	58.1		49.4		48.8		65.8		127.0				55.2
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	390,963		239,286		284,497		40,665		2,955				958,366
Total assets  ...........................	530,970		296,797		1,755,043		116,846		161,458		(406,425)		2,454,689
Customer accounts .................	525,221		286,007		308,416		107,130		951				1,227,725

For footnotes, see page 95.

 

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