Interim Report - 6 of 28

RNS Number : 8846L

HSBC Holdings PLC

16 August 2013

 



Analysis by global business

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

	Half-year to 30 June 2013
	Retail      Banking and Wealth Management          US$m		Commercial      Banking          US$m		Global     Banking and Markets          US$m		Global Private      Banking          US$m		Other52         US$m		Inter-     segment elimination62         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/ (expense) ......	9,310		5,050		3,334		575		(376)		(74)		17,819
Net fee income .	3,586		2,337		1,818		602		61		−		8,404
Trading income/(expense) excluding net interest income ..........	275		343		4,577		226		(191)		−		5,230
Net interest income on trading activities .......	−		3		1,029		4		22		74		1,132
Net trading income/ (expense)57 ....	275		346		5,606		230		(169)		74		6,362
Net income/(expense) from financial instruments designated at fair value .......	122		104		(961)		−		(462)		−		(1,197)
Gains less losses from financial investments ...	48		(6)		597		4		1,213		−		1,856
Dividend income ......................	11		8		65		6		17		−		107
Net earned insurance premiums ......	5,469		748		3		6		−		−		6,226
Other operating income/ (expense) ......	(92)		(19)		201		(267)		3,866		(2,743)		946
Total operating income .........	18,729		8,568		10,663		1,156		4,150		(2,743)		40,523
Net insurance claims63 .........	(5,440)		(705)		(1)		(5)		−		−		(6,151)
Net operating income22 ......	13,289		7,863		10,662		1,151		4,150		(2,743)		34,372
Loan impairment charges and other credit risk provisions ...................... ......................	(1,768)		(1,160)		(174)		(14)		−		−		(3,116)
Net operating income .........	11,521		6,703		10,488		1,137		4,150		(2,743)		31,256
Employee expenses64 .....	(2,651)		(1,163)		(1,882)		(381)		(3,419)		−		(9,496)
Other operating income/ (expenses) .....	(5,800)		(2,174)		(3,125)		(654)		107		2,743		(8,903)
Total operating expenses ........	(8,451)		(3,337)		(5,007)		(1,035)		(3,312)		2,743		(18,399)
Operating profit ............	3,070		3,366		5,481		102		838		−		12,857
Share of profit in associates and joint ventures	197		767		242		6		2		−		1,214
Profit before tax ................	3,267		4,133		5,723		108		840		−		14,071
	%		%		%		%		%				%
Share of HSBC's profit before tax ................	23.2		29.4		40.7		0.8		5.9				100.0
Cost efficiency ratio ..............	63.6		42.4		47.0		89.9		79.8				53.5
Balance sheet data53
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..............	362,836		288,842		276,181		39,161		2,362				969,382
Total assets .......	504,205		350,503		1,992,770		114,883		176,122		(493,167)		2,645,316
Customer accounts ........	547,140		327,612		347,716		92,360		1,354				1,316,182

 

 

	Half-year to 30 June 2012
	Retail        Banking   and Wealth Management           US$m		Commercial        Banking           US$m		Global        Banking and Markets           US$m		Global Private        Banking           US$m		Other52          US$m		Inter-       segment elimination62          US$m		Total           US$m
Profit/(loss) before tax
Net interest income/ (expense) ......	10,774		5,144		3,625		672		(464)		(375)		19,376
Net fee income .	3,760		2,224		1,598		625		100		−		8,307
Trading income/(expense) excluding net interest income ..........	20		315		2,785		254		(240)		−		3,134
Net interest income on trading activities .......	14		6		950		5		35		375		1,385
Net trading income/ (expense)57 ....	34		321		3,735		259		(205)		375		4,519
Net income/(expense) from financial instruments designated at fair value .......	519		72		501		−		(2,275)		−		(1,183)
Gains less losses from financial investments ...	20		2		700		(4)		305		−		1,023
Dividend income ......................	13		10		55		4		21		−		103
Net earned insurance premiums ......	5,792		882		17		9		(4)		−		6,696
Gains on disposal of US branch network, US cards business and Ping An .........	3,597		212		−		−		−		−		3,809
Other operating income ..........	738		208		117		84		2,860		(2,985)		1,022
Total operating income ..........	25,247		9,075		10,348		1,649		338		(2,985)		43,672
Net insurance claims63 .........	(5,932)		(822)		(13)		(8)		−		−		(6,775)
Net operating income22 .......	19,315		8,253		10,335		1,641		338		(2,985)		36,897
Loan impairment charges and other credit risk provisions ...................... ......................	(3,273)		(924)		(598)		(4)		−		−		(4,799)
Net operating income ..........	16,042		7,329		9,737		1,637		338		(2,985)		32,098
Employee expenses64 .....	(2,944)		(1,106)		(2,181)		(617)		(4,057)		−		(10,905)
Other operating income/ (expenses) .....	(7,274)		(2,630)		(2,892)		(496)		8		2,985		(10,299)
Total operating expenses ........	(10,218)		(3,736)		(5,073)		(1,113)		(4,049)		2,985		(21,204)
Operating profit/(loss) ...	5,824		3,593		4,664		524		(3,711)		−		10,894
Share of profit in associates and joint ventures	586		836		383		3		35		−		1,843
Profit/(loss) before tax ......	6,410		4,429		5,047		527		(3,676)		−		12,737
	%		%		%		%		%				%
Share of HSBC's profit before tax ................	50.3		34.8		39.6		4.1		(28.8)				100.0
Cost efficiency ratio ..............	52.9		45.3		49.1		67.8		−				57.5
Balance sheet data53
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..............	363,353		272,817		290,749		44,018		4,048				974,985
Total assets .......	526,069		351,157		1,905,455		119,271		179,703		(429,321)		2,652,334
Customer accounts ........	531,782		317,077		316,219		109,101		4,310				1,278,489

 

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

		Half-year to 31 December 2012
	Retail       Banking and Wealth Management           US$m			Commercial       Banking           US$m		Global       Banking               and       Markets           US$m		Global         Private       Banking           US$m		Other52          US$m		Inter-       segment elimination62          US$m		Total           US$m
Profit before tax
Net interest income/ (expense) ......	9,524			5,217		3,335		622		(266)		(136)		18,296
Net fee income . ......................	3,445			2,246		1,731		607		94		-		8,123
Trading income/(expense) excluding net interest income ..........	256			302		803		222		(309)		-		1,274
Net interest income/ (expense) on trading activities .......	14			10		1,152		9		(23)		136		1,298
Net trading income/ (expense)57 ....	270			312		1,955		231		(332)		136		2,572
Net income/(expense) from financial instruments designated at fair value ...	1,374			178		593		-		(3,188)		-		(1,043)
Gains less losses from financial investments ...	76			20		30		1		39		-		166
Dividend income ......................	11			8		93		2		4		-		118
Net earned insurance premiums ......	5,399			904		8		33		4		-		6,348
Gains on disposal of US branch network, US cards business and Ping An .........	138			65		-		-		3,012		-		3,215
Other operating income ..........	734			328		196		67		2,627		(2,874)		1,078
Total operating income ..........	20,971			9,278		7,941		1,563		1,994		(2,874)		38,873
Net insurance claims63 .........	(6,425)			(980)		(3)		(32)		-		-		(7,440)
Net operating income22 .......	14,546			8,298		7,938		1,531		1,994		(2,874)		31,433
Loan impairment charges and other credit risk provisions ..... ......................	(2,242)			(1,175)		(72)		(23)		-		-		(3,512)
Net operating income ..........	12,304			7,123		7,866		1,508		1,994		(2,874)		27,921
Employee expenses64 .....	(2,588)			(1,141)		(1,583)		(298)		(3,976)		-		(9,586)
Other operating expenses ........	(6,963)			(2,721)		(3,251)		(732)		(1,344)		2874		(12,137)
Total operating expenses ........	(9,551)			(3,862)		(4,834)		(1,030)		(5,320)		2,874		(21,723)
Operating profit/(loss) ...	2,753			3,261		3,032		478		(3,326)		-		6,198
Share of profit in associates and joint ventures	412			845		441		4		12		-		1,714
Profit/(loss) before tax ......	3,165			4,106		3,473		482		(3,314)		-		7,912
	%			%		%		%		%				%
Share of HSBC's profit before tax ......	40.0			51.9		43.9		6.1		(41.9)				100.0
Cost efficiency ratio ..............	65.7			46.5		60.9		67.3		266.8				69.1
Balance sheet data53
	US$m			US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..............	378,040			288,033		283,842		45,213		2,495				997,623
Total assets .......	536,244			363,659		1,942,470		118,440		201,741		(470,016)		2,692,538
Customer accounts ........	562,151			338,405		332,115		105,772		1,571				1,340,014

For footnotes, see page 100.

 

END

 

 

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