Interim Report - 6 of 28

RNS Number : 1934P

HSBC Holdings PLC

15 August 2014

 



Analysis by global business

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

	Half-year to 30 June 2014
	Retail      Banking and Wealth Management          US$m		Commercial      Banking          US$m		Global     Banking and Markets          US$m		Global Private     Banking          US$m		Other50         US$m		Inter-     segment elimination65         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/ (expense) ......	8,427		5,184		3,602		536		(221)		(123)		17,405
Net fee income .	3,291		2,413		1,939		533		1		-		8,177
Trading income/(expense) excluding net interest income ..........	(14)		340		2,001		161		(126)		-		2,362
Net interest income/ (expense) on trading activities .......	1		(4)		789		(2)		6		123		913
Net trading income/ (expense)59 ....	(13)		336		2,790		159		(120)		123		3,275
Net income/(expense) from financial instruments designated at fair value .......	1,073		124		743		1		(281)		-		1,660
Gains less losses from financial investments ...	8		24		462		12		440		-		946
Dividend income ......................	15		14		32		3		24		-		88
Net earned insurance premiums ......	5,480		636		2		19		-		-		6,137
Other operating income/ (expense) ......	378		81		222		(7)		2,814		(2,950)		538
Total operating income .........	18,659		8,812		9,792		1,256		2,657		(2,950)		38,226
Net insurance claims66 .........	(6,336)		(696)		(1)		(26)		-		-		(7,059)
Net operating income13 ......	12,323		8,116		9,791		1,230		2,657		(2,950)		31,167
Loan impairment (charges)/ recoveries and other credit risk provisions ...................... ......................	(1,225)		(562)		(49)		(6)		1		-		(1,841)
Net operating income .........	11,098		7,554		9,742		1,224		2,658		(2,950)		29,326
Employee expenses67 .....	(2,500)		(1,191)		(1,806)		(363)		(4,118)		-		(9,978)
Other operating income/ (expense) ......	(5,769)		(2,397)		(3,152)		(505)		585		2,950		(8,288)
Total operating expenses ........	(8,269)		(3,588)		(4,958)		(868)		(3,533)		2,950		(18,266)
Operating profit/(loss) .	2,829		3,966		4,784		356		(875)		-		11,060
Share of profit in associates and joint ventures	216		805		249		8		2		-		1,280
Profit/(loss) before tax ....	3,045		4,771		5,033		364		(873)		-		12,340
	%		%		%		%		%				%
Share of HSBC's profit before tax ................	24.7		38.7		40.8		2.9		(7.1)				100.0
Cost efficiency ratio ..............	67.1		44.2		50.6		70.6		133.0				58.6
Balance sheet data51
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)3 ............	380,108		316,246		303,133		45,131		2,623				1,047,241
Total assets .......	523,729		377,374		2,043,767		99,379		170,802		(461,458)		2,753,593
Customer accounts3 .......	597,714		366,171		360,732		89,641		1,447				1,415,705

 

 

	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		Other50          US$m		Inter-       segment elimination65          US$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)59 ....	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 claims66 .........	(5,440)		(705)		(1)		(5)		−		−		(6,151)
Net operating income13 ........	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 expenses67 .....	(2,651)		(1,163)		(1,882)		(381)		(3,419)		−		(9,496)
Other operating income/ (expense) ......	(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 data51
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)3 ............	358,464		286,539		251,768		39,161		2,362				938,294
Total assets .......	504,205		350,503		1,992,770		114,883		176,122		(493,167)		2,645,316
Customer accounts3 .......	547,140		327,612		298,501		92,298		1,354				1,266,905

 

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

	Half-year to 31 December 2013
	Retail       Banking and Wealth Management           US$m		Commercial       Banking           US$m		Global       Banking               and       Markets           US$m		Global         Private       Banking           US$m		Other50          US$m		Inter-       segment elimination65          US$m		Total           US$m
Profit before tax
Net interest income/ (expense) ......	9,029		5,150		3,432		571		(361)		(101)		17,720
Net fee income . ......................	3,435		2,380		1,664		548		3		−		8,030
Trading income excluding net interest income ..........	414		306		376		164		153		−		1,413
Net interest income/ (expense) on trading activities .......	(3)		(3)		798		−		22		101		915
Net trading income59 .......	411		303		1,174		164		175		101		2,328
Net income/(expense) from financial instruments designated at fair value ...	1,516		228		1,560		4		(1,342)		(1)		1,965
Gains less losses from financial investments ...	7		7		150		(7)		(1)		−		156
Dividend income ......................	10		7		64		2		132		−		215
Net earned insurance premiums ......	5,074		627		3		10		−		−		5,714
Other operating income ..........	636		640		469		28		2,895		(2,982)		1,686
Total operating income ..........	20,118		9,342		8,516		1,320		1,501		(2,983)		37,814
Net insurance claims66 .........	(6,667)		(840)		(2)		(32)		−		−		(7,541)
Net operating income13 .......	13,451		8,502		8,514		1,288		1,501		(2,983)		30,273
Loan impairment charges and other credit risk provisions ..... ......................	(1,459)		(1,224)		(33)		(17)		−		−		(2,733)
Net operating income ..........	11,992		7,278		8,481		1,271		1,501		(2,983)		27,540
Employee expenses67 .....	(2,568)		(1,164)		(1,667)		(395)		(3,906)		−		(9,700)
Other operating expenses ........	(6,229)		(2,548)		(3,286)		(799)		(578)		2,983		(10,457)
Total operating expenses ........	(8,797)		(3,712)		(4,953)		(1,194)		(4,484)		2,983		(20,157)
Operating profit/(loss) ...	3,195		3,566		3,528		77		(2,983)		−		7,383
Share of profit/(loss) in associates and joint ventures	187		742		190		8		(16)		−		1,111
Profit/(loss) before tax ......	3,382		4,308		3,718		85		(2,999)		−		8,494
	%		%		%		%		%				%
Share of HSBC's profit before tax ......	39.8		50.7		43.8		1.0		(35.3)				100.0
Cost efficiency ratio ..............	65.4		43.7		58.2		92.7		298.7				66.6
Balance sheet data51
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)3 ............	375,086		297,852		272,473		44,224		2,454				992,089
Total assets .......	517,085		360,623		1,975,509		97,655		171,812		(451,366)		2,671,318
Customer accounts3 .......	579,994		354,298		328,800		96,770		1,435				1,361,297

For footnotes, see page 96.

 

END

 

 

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