Annual Financial Report - 10

RNS Number : 3780J

HSBC Holdings PLC

30 March 2010

 



Analysis by customer group and global business

Profit/(loss) before tax

	2009
Total	Personal   Financial     Services         US$m		Commercial    Banking         US$m		Global    Banking &     Markets         US$m		Private    Banking         US$m		Other40        US$m		Inter-    segment elimination50        US$m		Total         US$m
Net interest income/(expense)	25,107		7,883		8,610		1,474		(1,035)		(1,309)		40,730
Net fee income ......................	8,238		3,702		4,363		1,236		125		-		17,664
Trading income excluding net interest income ..................	637		332		4,701		322		244		-		6,236
Net interest income on trading activities .................	65		22		2,174		22		35		1,309		3,627
Net trading income42 ..............	702		354		6,875		344		279		1,309		9,863
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(6,247)		-		(6,247)
Net income/(expense) from other financial instruments designated at fair value .......	2,339		100		473		-		(196)		-		2,716
Net income/(expense) from financial instruments designated at fair value .......	2,339		100		473		-		(6,443)		-		(3,531)
Gains less losses from financial investments .........	224		23		265		5		3		-		520
Dividend income ....................	33		8		68		5		12		-		126
Net earned insurance premiums	9,534		886		54		-		(3)		-		10,471
Other operating income .........	809		739		1,146		48		5,042		(4,996)		2,788
Total operating income/ (expense) ..........................	46,986		13,695		21,854		3,112		(2,020)		(4,996)		78,631
Net insurance claims43 ............	(11,571)		(842)		(34)		-		(3)		-		(12,450)
Net operating income/ (expense)16 .......................	35,415		12,853		21,820		3,112		(2,023)		(4,996)		66,181
Loan impairment charges and other credit risk provisions .	(19,902)		(3,282)		(3,168)		(128)		(8)		-		(26,488)
Net operating income/ (expense) ..........................	15,513		9,571		18,652		2,984		(2,031)		(4,996)		39,693
Operating expenses ................	(18,292)		(5,963)		(8,537)		(1,884)		(4,715)		4,996		(34,395)
Operating profit/(loss) .......	(2,779)		3,608		10,115		1,100		(6,746)		-		5,298
Share of profit in associates and joint ventures ...............	714		667		366		8		26		-		1,781
Profit/(loss) before tax .......	(2,065)		4,275		10,481		1,108		(6,720)		-		7,079
	%		%		%		%		%				%
Share of HSBC's profit  before tax ...........................	(29.2)		60.4		148.1		15.6		(94.9)				100.0
Cost efficiency ratio ..............	51.7		46.4		39.1		60.5		(233.1)				52.0
Balance sheet data41
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	399,460		199,674		256,956		37,031		3,110		-		896,231
Total assets  ...........................	554,074		251,143		1,683,672		116,148		150,983		(391,568)		2,364,452
Customer accounts .................	499,109		267,388		284,727		106,533		1,277		-		1,159,034

 

 

	2008
Total	Personal     Financial       Services          US$m		Commercial       Banking          US$m		Global Banking &      Markets          US$m		Private      Banking          US$m		Other40         US$m		Inter-      segment elimination50         US$m		Total          US$m
Net interest income/(expense)	29,419		9,494		8,541		1,612		(956)		(5,547)		42,563
Net fee income ......................	10,107		4,097		4,291		1,476		53		-		20,024
Trading income/(expense) excluding net interest income ...........................................	175		369		157		408		(262)		-		847
Net interest income/(expense) on trading activities ............	79		17		324		14		(268)		5,547		5,713
Net trading income/(expense)42	254		386		481		422		(530)		5,547		6,560
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		6,679		-		6,679
Net income/(expense) from other financial instruments designated at fair value .......	(2,912)		(224)		(438)		-		747		-		(2,827)
Net income/(expense) from financial instruments designated at fair value .......	(2,912)		(224)		(438)		-		7,426		-		3,852
Gains less losses from financial investments .........	663		193		(327)		64		(396)		-		197
Dividend income ....................	90		88		76		8		10		-		272
Net earned insurance premiums	10,083		679		105		-		(17)		-		10,850
Gains on disposal of French regional banks ....................	-		-		-		-		2,445		-		2,445
Other operating income .........	259		939		868		49		4,261		(4,568)		1,808
Total operating income .........	47,963		15,652		13,597		3,631		12,296		(4,568)		88,571
Net insurance claims43 ............	(6,474)		(335)		(79)		-		(1)		-		(6,889)
Net operating income16 ..........	41,489		15,317		13,518		3,631		12,295		(4,568)		81,682
Loan impairment charges and other credit risk provisions .	(21,220)		(2,173)		(1,471)		(68)		(5)		-		(24,937)
Net operating income ............	20,269		13,144		12,047		3,563		12,290		(4,568)		56,745
Operating expenses (excluding goodwill impairment) .........	(21,140)		(6,581)		(9,092)		(2,116)		(4,174)		4,568		(38,535)
Goodwill impairment ..............	(10,564)		-		-		-		-		-		(10,564)
Operating profit/(loss) ...........	(11,435)		6,563		2,955		1,447		8,116		-		7,646
Share of profit in associates and joint ventures ...............	461		631		528		-		41		-		1,661
Profit/(loss) before tax ...........	(10,974)		7,194		3,483		1,447		8,157		-		9,307
	%		%		%		%		%				%
Share of HSBC's profit  before tax ...........................	(117.9)		77.3		37.4		15.6		87.6				100.0
Cost efficiency ratio ..............	76.4		43.0		67.3		58.3		33.9				60.1
Balance sheet data41
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	401,402		203,949		287,306		37,590		2,621				932,868
Total assets  ...........................	527,901		249,218		1,991,852		133,216		145,581		(520,303)		2,527,465
Customer accounts .................	440,338		235,879		320,386		116,683		2,041				1,115,327

Profit/(loss) before tax (continued)

	2007
Total	Personal     Financial       Services          US$m		Commercial       Banking          US$m		Global Banking &      Markets          US$m		Private      Banking          US$m		Other40         US$m		Inter-      segment elimination50         US$m		Total          US$m
Net interest income/(expense)	29,069		9,055		4,430		1,216		(542)		(5,433)		37,795
Net fee income/(expense) ......	11,742		3,972		4,901		1,615		(228)		-		22,002
Trading income excluding net interest income ..................	38		265		3,503		525		127		-		4,458
Net interest income/(expense) on trading activities ............	140		31		(236)		9		(1)		5,433		5,376
Net trading income42 ..............	178		296		3,267		534		126		5,433		9,834
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		2,812		-		2,812
Net income/(expense) from other financial instruments designated at fair value .......	1,333		22		(164)		(1)		81		-		1,271
Net income/(expense) from financial instruments designated at fair value .......	1,333		22		(164)		(1)		2,893		-		4,083
Gains less losses from financial investments .........	351		90		1,313		119		83		-		1,956
Gains arising from dilution of interests in associates .........	-		-		-		-		1,092		-		1,092
Dividend income ....................	55		8		222		7		32		-		324
Net earned insurance premiums	8,271		733		93		-		(21)		-		9,076
Other operating income .........	387		165		1,218		58		3,523		(3,912)		1,439
Total operating income .........	51,386		14,341		15,280		3,548		6,958		(3,912)		87,601
Net insurance claims43 ............	(8,147)		(391)		(70)		-		-		-		(8,608)
Net operating income16 ..........	43,239		13,950		15,210		3,548		6,958		(3,912)		78,993
Loan impairment charges and other credit risk provisions .	(16,172)		(1,007)		(38)		(14)		(11)		-		(17,242)
Net operating income ............	27,067		12,943		15,172		3,534		6,947		(3,912)		61,751
Total operating expenses .......	(21,757)		(6,252)		(9,358)		(2,025)		(3,562)		3,912		(39,042)
Operating profit .....................	5,310		6,691		5,814		1,509		3,385		-		22,709
Share of profit in associates and joint ventures ...............	590		454		307		2		150		-		1,503
Profit before tax ....................	5,900		7,145		6,121		1,511		3,535		-		24,212
	%		%		%		%		%				%
Share of HSBC's profit  before tax............................	24.4		29.5		25.3		6.2		14.6				100.0
Cost efficiency ratio ..............	50.3		44.8		61.5		57.1		51.2				49.4
Balance sheet data41
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	464,726		220,068		250,464		43,612		2,678				981,548
Total assets ............................	636,185		307,944		1,596,850		130,893		164,806		(482,412)		2,354,266
Customer accounts .................	450,071		237,987		299,879		106,197		2,006				1,096,140

For footnotes, see page 149.

 

END

 

 

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