Annual Financial Report - 11 of 44

RNS Number : 1094A

HSBC Holdings PLC

27 March 2012

 



Profit/(loss) before tax and balance sheet data - Hong Kong

	2011
	Retail    Banking and Wealth Management         US$m		Commercial    Banking         US$m		Global    Banking and     Markets         US$m		Global       Private    Banking         US$m		Other         US$m		Inter-    segment elimination64        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense)	2,571		1,317		1,051		173		(464)		43		4,691
Net fee income ......................	1,741		706		475		160		15		-		3,097
Trading income/(expense) excluding net interest income ...............................	120		169		652		135		(116)		-		960
Net interest income on trading activities .................	9		1		246		-		16		(43)		229
Net trading income/(expense)56	129		170		898		135		(100)		(43)		1,189
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		-		-		-
Net income/(expense) from other financial instruments designated at fair value .......	(475)		(72)		(5)		-		15		-		(537)
Net income/(expense) from financial instruments designated at fair value .......	(475)		(72)		(5)		-		15		-		(537)
Gains less losses from financial investments .........	3		10		21		-		(10)		-		24
Dividend income ....................	-		1		14		-		24		-		39
Net earned insurance premiums	4,317		758		13		-		-		-		5,088
Other operating income .........	505		175		79		8		1,185		(268)		1,684
Total operating income ......	8,791		3,065		2,546		476		665		(268)		15,275
Net insurance claims65 ............	(3,887)		(697)		(9)		-		-		-		(4,593)
Net operating income52 ......	4,904		2,368		2,537		476		665		(268)		10,682
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(77)		(66)		23		(36)		-		-		(156)
Net operating income .........	4,827		2,302		2,560		440		665		(268)		10,526
Total operating expenses .......	(1,811)		(703)		(1,248)		(252)		(1,012)		268		(4,758)
Operating profit/(loss) .......	3,016		1,599		1,312		188		(347)		-		5,768
Share of profit in associates and joint ventures ...............	6		9		4		-		36		-		55
Profit/(loss) before tax .......	3,022		1,608		1,316		188		(311)		-		5,823
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	13.8		7.3		6.0		0.9		(1.4)				26.6
Cost efficiency ratio ..............	36.9		29.7		49.2		52.9		152.2				44.5
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	56,296		54,986		39,667		5,447		1,269				157,665
Total assets ............................	85,866		63,516		238,892		20,680		84,782		(20,712)		473,024
Customer accounts .................	181,316		79,225		35,283		19,622		(101)				315,345

Profit/(loss) before tax and balance sheet data - Hong Kong (continued)

	2010
	Retail      Banking and Wealth     Manage-          ment17         US$m		Commercial       Banking          US$m		Global      Banking             and     Markets17         US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination64         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	2,604		1,106		915		173		(463)		(89)		4,246
Net fee income ......................	1,656		634		495		163		14		-		2,962
Trading income/(expense) excluding net interest income ...............................	198		121		680		120		(12)		-		1,107
Net interest income on trading activities .................	4		-		100		-		12		89		205
Net trading income56 ..............	202		121		780		120		-		89		1,312
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(2)		-		(2)
Net income/(expense) from other financial instruments designated at fair value .......	328		(10)		61		-		1		-		380
Net income/(expense) from financial instruments designated at fair value .......	328		(10)		61		-		(1)		-		378
Gains less losses from financial investments .........	-		-		56		1		41		-		98
Dividend income ....................	-		1		12		-		17		-		30
Net earned insurance premiums	3,655		665		12		-		-		-		4,332
Other operating income .........	513		68		156		12		1,140		(283)		1,606
Total operating income .........	8,958		2,585		2,487		469		748		(283)		14,964
Net insurance claims65 ............	(4,193)		(559)		(10)		-		-		-		(4,762)
Net operating income52 ..........	4,765		2,026		2,477		469		748		(283)		10,202
Loan impairment charges and other credit risk provisions .	(76)		(28)		(10)		-		-		-		(114)
Net operating income ............	4,689		1,998		2,467		469		748		(283)		10,088
Total operating expenses .......	(1,693)		(653)		(1,124)		(242)		(1,002)		283		(4,431)
Operating profit/(loss) ...........	2,996		1,345		1,343		227		(254)		-		5,657
Share of profit in associates and joint ventures ...............	5		7		4		-		19		-		35
Profit/(loss) before tax ...........	3,001		1,352		1,347		227		(235)		-		5,692
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	15.7		7.1		7.1		1.2		(1.2)				29.9
Cost efficiency ratio ..............	35.5		32.2		45.4		51.6		134.0				43.4
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	50,983		48,670		34,491		4,760		1,787				140,691
Total assets68 .........................	76,871		55,030		223,286		20,598		62,486		(8,706)		429,565
Customer accounts .................	176,960		71,209		29,388		19,241		686				297,484

For footnotes, see page 95.

 

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