Interim Report - 7 of 28

RNS Number : 1935P
HSBC Holdings PLC
15 August 2014
 



Geographical regions


Summary .................................................................

61


Profit/(loss) before tax .................................................

61




Total assets ..................................................................

62




Risk-weighted assets .....................................................

62

Selected items included in profit before tax by
geographical region .................................................

62


Fair value movements arising from changes in own credit spreads ...........................................................

62




Acquisitions, disposals and dilutions ............................

62






Europe ......................................................................

63




Economic background ................................................

63




Financial overview .....................................................

63




Country business highlights .........................................

64


Profit/(loss) before tax by country within global businesses ................................................................

64

Review of performance ..............................................

65


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

67






Asia ...........................................................................

70




Economic background ................................................

70




Financial overview .....................................................

70




Country business highlights .........................................

71


Profit/(loss) before tax by country within global businesses ................................................................

71




Analysis of mainland China..........................................

72

Review of performance ..............................................

72


Profit before tax and balance sheet data ......................

74






Middle East and North Africa .................................

77




Economic background ................................................

77




Financial overview .....................................................

77




Country business highlights .........................................

77


Profit/(loss) before tax by country within global businesses ................................................................

78

Review of performance ..............................................

79


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

80






North America .........................................................

83




Economic background ................................................

83




Financial overview .....................................................

83




Country business highlights .........................................

84


Profit/(loss) before tax by country within global businesses ................................................................

84

Review of performance ..............................................

85


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

86






Latin America ..........................................................

89




Economic background ................................................

89




Financial overview .....................................................

89




Country business highlights .........................................

90


Profit/(loss) before tax by country within global businesses ................................................................

90

Review of performance ..............................................

91


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

92












 


Summary

In the analysis of profit and loss by geographical region that follows, operating income and operating expenses include intra‑HSBC items of US$1,439m (first half of 2013: US$1,236m; second half of 2013: US$1,392m).

From 1 January 2014, the geographical region 'Asia' replaced the geographical regions previously reported as 'Hong Kong' and 'Rest of Asia-Pacific'. This aligns with changes made to the financial information used internally to manage the business. Comparative data have been re-presented accordingly.


 

Profit/(loss) before tax


Half-year to


30 June 2014


30 June 2013


31 December 2013


US$m

 

         %

 

US$m


         %

 

US$m


         %









 

 



Europe ......................................................

2,258


     18.3


2,768


     19.7


(943)


    (11.1)

Asia11 .......................................................

7,894


     64.0


9,262


     65.8


6,591


     77.6

Middle East and North Africa ...................

989


       8.0


909


       6.5


785


       9.2

North America .........................................

825


       6.7


666


       4.7


555


       6.5

Latin America ..........................................

374


       3.0


466


       3.3


1,506


     17.8




 










 

12,340


   100.0


 

14,071


100.0


8,494


   100.0

For footnote, see page 96.


Total assets51


At 30 June 2014

 

At 30 June 2013

 

At 31 December 2013


US$m

 

         %

 

US$m


         %

 

US$m


         %




 





 

 



Europe ......................................................

1,430,863


     52.0


1,365,534


     51.6


1,392,959


     52.1

Asia11 ........................................................

874,334


     31.8


799,842


     30.2


831,791


     31.1

Middle East and North Africa ...................

61,289


       2.2


63,292


       2.4


60,810


       2.3

North America .........................................

437,706


     15.9

 

473,218


     17.9


432,035


     16.2

Latin America ..........................................

125,630


       4.6


123,032


       4.7


113,999


       4.3

Intra-HSBC items .....................................

(176,229)


      (6.5)


(179,602)


      (6.8)


(160,276)


      (6.0)














2,753,593


   100.0


2,645,316


   100.0


2,671,318


   100.0

Risk-weighted assets68


At 30 June 2014

 

At 30 June 2013

 

At 31 December 2013


US$bn

 

         %

 

US$bn


         %

 

US$bn


         %




 





 

 



Total ........................................................

1,248.6




1,104.8




1,092.7















Europe ......................................................

393.6


31.0


305.4


27.4


300.1


     27.1

Asia11 ........................................................

481.1


37.9


413.1


37.0


430.7


     38.9

Middle East and North Africa ...................

62.7


4.9


64.2


5.8


62.5


       5.7

North America .........................................

236.9


18.6


236.4


21.1


223.8


     20.2

Latin America ..........................................

96.8


7.6


96.7


8.7


89.5


       8.1

Selected items included in profit before tax by geographical region

Fair value movements arising from changes in own credit spreads24


Half-year to


          30 June

 

            30 June

 

   31 December


2014

 

2013

 

2013


US$m

 

US$m


US$m






 

Europe .........................................................................................................

(159)


3


(1,018)

Asia11 ...........................................................................................................

(5)


1


(3)

Middle East and North Africa .......................................................................

(6)


(1)


(3)

North America .............................................................................................

(45)


(22)


(203)








(215)


(19)


(1,227)

Acquisitions, disposals and dilutions52


Half-year to


          30 June

 

            30 June

 

   31 December


2014

 

2013

 

2013


US$m

 

US$m


US$m






 

Europe .........................................................................................................

-


(23)


40

Asia11 ...........................................................................................................

(32)


1,128


(143)

Middle East and North Africa .......................................................................

11


16


17

North America .............................................................................................

-


(120)


17

Latin America ..............................................................................................

16


60


1,136








(5)


1,061


1,067

For footnotes, see page 96.


 

 


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