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.

 

 

END

 

 

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