Annual Financial Report - 13 of 44

RNS Number : 1100A

HSBC Holdings PLC

27 March 2012

 



Profit before tax and balance sheet data - Rest of Asia-Pacific

	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$m
Profit before tax
Net interest income ...............	1,838		1,254		1,964		116		123		(193)		5,102
Net fee income/(expense) ......	904		513		621		82		(9)		-		2,111
Trading income/(expense) excluding net interest income	94		156		1,153		66		(90)		-		1,379
Net interest income/(expense) on trading activities ............	(2)		1		76		-		11		193		279
Net trading income/(expense)56	92		157		1,229		66		(79)		193		1,658
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		4		-		4
Net income/(expense) from other financial instruments designated at fair value .......	(38)		2		1		-		15		-		(20)
Net income/(expense) from financial instruments designated at fair value .......	(38)		2		1		-		19		-		(16)
Gains less losses from financial investments .........	-		2		(25)		1		(1)		-		(23)
Dividend income ....................	-		-		2		-		-		-		2
Net earned insurance premiums	493		266		-		-		-		-		759
Other operating income .........	145		72		75		5		1,592		(178)		1,711
Total operating income ......	3,434		2,266		3,867		270		1,645		(178)		11,304
Net insurance claims65 ............	(351)		(240)		-		-		-		-		(591)
Net operating income52 ......	3,083		2,026		3,867		270		1,645		(178)		10,713
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(222)		10		(57)		2		-		-		(267)
Net operating income .........	2,861		2,036		3,810		272		1,645		(178)		10,446
Total operating expenses .......	(2,409)		(945)		(1,268)		(181)		(1,181)		178		(5,806)
Operating profit .................	452		1,091		2,542		91		464		-		4,640
Share of profit/(loss) in associates and joint ventures	1,189		1,155		547		-		(60)		-		2,831
Profit before tax ..................	1,641		2,246		3,089		91		404		-		7,471
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	7.5		10.3		14.1		0.4		1.9				34.2
Cost efficiency ratio ..............	78.1		46.6		32.8		67.0		71.8				54.2
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	40,970		38,404		41,114		3,190		190				123,868
Total assets ............................	54,484		50,688		195,549		12,879		16,616		(12,400)		317,816
Customer accounts .................	60,831		40,423		60,855		11,872		31				174,012

Profit before tax and balance sheet data - Rest of Asia-Pacific (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$m
Profit before tax
Net interest income ...............	1,581		938		1,435		91		55		(272)		3,828
Net fee income/(expense) ......	834		442		611		55		(10)		-		1,932
Trading income/(expense) excluding net interest income	80		129		967		69		(38)		-		1,207
Net interest income on trading activities .................	-		-		138		-		1		272		411
Net trading income/(expense)56	80		129		1,105		69		(37)		272		1,618
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(2)		-		(2)
Net income/(expense) from other financial instruments designated at fair value .......	41		2		(1)		-		(16)		-		26
Net income/(expense) from financial instruments designated at fair value .......	41		2		(1)		-		(18)		-		24
Gains less losses from financial investments .........	-		3		51		-		92		-		146
Dividend income ....................	-		-		1		-		-		-		1
Net earned insurance premiums	386		62		-		-		-		-		448
Other operating income .........	109		86		55		1		1,499		(152)		1,598
Total operating income .........	3,031		1,662		3,257		216		1,581		(152)		9,595
Net insurance claims65 ............	(324)		(39)		-		-		-		-		(363)
Net operating income52 ..........	2,707		1,623		3,257		216		1,581		(152)		9,232
Loan impairment charges and other credit risk provisions .	(298)		(19)		(122)		-		-		-		(439)
Net operating income ............	2,409		1,604		3,135		216		1,581		(152)		8,793
Total operating expenses .......	(2,233)		(799)		(1,094)		(135)		(1,034)		152		(5,143)
Operating profit .....................	176		805		2,041		81		547		-		3,650
Share of profit in associates and joint ventures ...............	986		751		447		-		68		-		2,252
Profit before tax ....................	1,162		1,556		2,488		81		615		-		5,902
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	6.1		8.2		13.1		0.4		3.2				31.0
Cost efficiency ratio ..............	82.5		49.2		33.6		62.5		65.4				55.7
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	37,831		31,423		35,810		3,489		178				108,731
Total assets ............................	49,758		41,588		166,710		12,126		19,450		(11,570)		278,062
Customer accounts .................	54,741		36,943		53,752		12,620		99				158,155

For footnotes, see page 95.

 

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