Interim Report - 6 of 26

RNS Number : 0988M

HSBC Holdings PLC

12 August 2011

 



Analysis by customer group and global business

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

	Half-year to 30 June 2011
	Retail      Banking and Wealth Management         US$m		Commercial     Banking         US$m		Global    Banking and Markets         US$m		Global Private    Banking         US$m		Other38        US$m		Inter-     segment elimination52         US$m		Total         US$m
Net interest income/ (expense) ......	12,086		4,814		3,603		729		(481)		(516)		20,235
Net fee income .	4,212		2,131		1,730		731		3				8,807
Trading income/(expense) excluding net interest income ..........	166		280		2,830		198		(243)		-		3,231
Net interest income on trading activities .......	22		16		997		9		21		516		1,581
Net trading income/ (expense)45 ....	188		296		3,827		207		(222)		516		4,812
Net income/(expense) from financial instruments designated at fair value .......	343		55		(212)		-		(286)		-		(100)
Gains less losses from financial investments ...	70		2		414		(3)		2		-		485
Dividend income ......................	14		8		39		4		22		-		87
Net earned insurance premiums ......	5,698		985		23		-		(6)		-		6,700
Other operating income ..........	688		263		280		21		2,997		(2,964)		1,285
Total operating income .........	23,299		8,554		9,704		1,689		2,029		(2,964)		42,311
Net insurance claims53 .........	(5,727)		(874)		(15)		-		(1)		-		(6,617)
Net operating income41 ......	17,572		7,680		9,689		1,689		2,028		(2,964)		35,694
Loan impairment (charges)/ recoveries and other credit risk provisions ......................	(4,270)		(642)		(334)		(22)		2		-		(5,266)
Net operating income .........	13,302		7,038		9,355		1,667		2,030		(2,964)		30,428
Employee expenses54 .....	(3,169)		(1,210)		(2,396)		(688)		(3,058)		-		(10,521)
Other operating expenses ........	(7,577)		(2,255)		(2,464)		(429)		(228)		2,964		(9,989)
Total operating expenses ........	(10,746)		(3,465)		(4,860)		(1,117)		(3,286)		2,964		(20,510)
Operating profit/(loss) .	2,556		3,573		4,495		550		(1,256)		-		9,918
Share of profit in associates and joint ventures	570		616		316		2		52		-		1,556
Profit/(loss) before tax ....	3,126		4,189		4,811		552		(1,204)		-		11,474
	%		%		%		%		%				%
Share of HSBC's profit before tax ................	27.3		36.5		41.9		4.8		(10.5)				100.0
Cost efficiency ratio ..............	61.2		45.1		50.2		66.1		162.0				57.5
Balance sheet data39
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) .........	400,944		268,037		321,061		44,612		3,234				1,037,888
Total assets .......	557,952		336,094		1,942,835		122,888		189,912		(458,694)		2,690,987
Customer accounts ........	541,998		301,169		359,757		115,245		818				1,318,987

 

 

	Half-year to 30 June 2010
	Retail      Banking and Wealth Management16          US$m		Commercial       Banking          US$m		Global Banking and     Markets16         US$m		Global Private       Banking          US$m		Other38         US$m		Inter-       segment elimination52          US$m		Total          US$m
Net interest income/ (expense) ........	12,194		4,024		3,724		646		(537)		(294)		19,757
Net fee income ...	4,060		1,935		1,879		643		1		-		8,518
Trading income/(expense) excluding net interest income ........................	(391)		222		2,866		209		(597)		-		2,309
Net interest income on trading activities .........	15		11		888		10		25		294		1,243
Net trading income/ (expense)45 .....	(376)		233		3,754		219		(572)		294		3,552
Net income/(expense) from financial instruments designated at fair value ........	(127)		26		8		-		1,178		-		1,085
Gains less losses from financial investments ....	1		3		507		11		35		-		557
Dividend income	14		5		22		3		15		-		59
Net earned insurance premiums ........	4,954		696		21		-		(5)		-		5,666
Other operating income ...........	405		355		420		21		3,114		(2,837)		1,478
Total operating income ...........	21,125		7,277		10,335		1,543		3,229		(2,837)		40,672
Net insurance claims53 ..........	(4,572)		(537)		(15)		-		3		-		(5,121)
Net operating income41 .........	16,553		6,740		10,320		1,543		3,232		(2,837)		35,551
Loan impairment charges and other credit risk provisions ....... ......	(6,318)		(705)		(499)		-		(1)		-		(7,523)
Net operating income ...........	10,235		6,035		9,821		1,543		3,231		(2,837)		28,028
Employee expenses54 ......	(2,757)		(1,063)		(2,347)		(609)		(3,030)		-		(9,806)
Other operating (expenses)/income ..............	(6,592)		(2,203)		(2,260)		(358)		271		2,837		(8,305)
Total operating expenses .........	(9,349)		(3,266)		(4,607)		(967)		(2,759)		2,837		(18,111)
Operating profit .	886		2,769		5,214		576		472		-		9,917
Share of profit/(loss) in associates and joint ventures .	466		435		238		(20)		68		-		1,187
Profit before tax	1,352		3,204		5,452		556		540		-		11,104
	%		%		%		%		%				%
Share of HSBC's profit before tax ..................	12.1		28.9		49.1		5.0		4.9				100.0
Cost efficiency ratio ...............	56.5		48.5		44.6		62.7		85.4				50.9
Balance sheet data39
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ........................	377,478		207,763		268,495		36,590		3,011				893,337
Total assets ........	510,092		264,077		1,774,639		108,499		189,153		(428,006)		2,418,454
Customer accounts .........	488,251		263,616		290,672		104,025		757				1,147,321

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

	Half-year to 31 December 2010
	Retail       Banking and Wealth Management16           US$m		Commercial      Banking          US$m		Global     Banking            and    Markets16        US$m		Global Private      Banking         US$m		Other38         US$m		Inter-      segment elimination52          US$m		Total         US$m
Net interest income/ (expense) ......	11,972		4,463		3,619		699		(461)		(608)		19,684
Net fee income . ......	4,337		2,029		1,785		656		30		-		8,837
Trading income excluding net interest income ..........	285		205		1,460		182		239		-		2,371
Net interest income on trading activities .......	13		17		616		11		22		608		1,287
Net trading income45 .......	298		222		2,076		193		261		608		3,658
Net income/(expense) from financial instruments designated at fair value .......	1,337		164		28		-		(1,394)		-		135
Gains less losses from financial investments ...	(25)		(4)		356		(17)		101		-		411
Dividend income ......................	13		7		26		2		5		-		53
Net earned insurance premiums ......	4,783		683		20		-		(6)		-		5,480
Other operating income ..........	279		230		693		17		2,891		(3,026)		1,084
Total operating income ..........	22,994		7,794		8,603		1,550		1,427		(3,026)		39,342
Net insurance claims53 .........	(5,936)		(700)		(11)		-		1		-		(6,646)
Net operating income41 .......	17,058		7,094		8,592		1,550		1,428		(3,026)		32,696
Loan impairment (charges)/ recoveries and other credit risk provisions ..................	(4,941)		(1,100)		(491)		12		4		-		(6,516)
Net operating income ..........	12,117		5,994		8,101		1,562		1,432		(3,026)		26,180
Employee expenses54 .....	(3,013)		(1,090)		(2,006)		(628)		(3,293)		-		(10,030)
Other operating (expenses)/ income ..........	(7,177)		(2,475)		(2,615)		(440)		134		3,026		(9,547)
Total operating expenses ........	(10,190)		(3,565)		(4,621)		(1,068)		(3,159)		3,026		(19,577)
Operating profit/(loss) ...	1,927		2,429		3,480		494		(1,727)		-		6,603
Share of profit in associates and joint ventures	560		457		283		4		26		-		1,330
Profit/(loss) before tax ......	2,487		2,886		3,763		498		(1,701)		-		7,933
	%		%		%		%		%				%
Share of HSBC's profit before tax ......	31.4		36.4		47.4		6.3		(21.5)				100.0
Cost efficiency ratio ..............	59.7		50.3		53.8		68.9		221.2				59.9
Balance sheet data39
	US$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 81.

 

END

 

 

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