Annual Financial Report - 19 of 44

RNS Number : 1109A

HSBC Holdings PLC

27 March 2012

 



Profit/(loss) before tax and balance sheet data - Latin America

	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$m
Profit/(loss) before tax
Net interest income/(expense)	4,519		2,229		882		25		(7)		(692)		6,956
Net fee income ......................	939		610		196		36		-		-		1,781
Trading income/(expense) excluding net interest income ...........................................	68		106		372		5		(7)		-		544
Net interest income on trading activities .................	-		-		134		-		8		692		834
Net trading income56 ..............	68		106		506		5		1		692		1,378
Net income from financial instruments designated at fair value ............................	424		124		2		-		-		-		550
Gains less losses from financial investments .........	11		1		124		1		-		-		137
Dividend income ....................	10		3		1		-		-		-		14
Net earned insurance premiums	2,068		551		34		-		-		-		2,653
Other operating income .........	265		57		32		2		222		(250)		328
Total operating income ......	8,304		3,681		1,777		69		216		(250)		13,797
Net insurance claims65 ............	(1,850)		(478)		(16)		-		-		-		(2,344)
Net operating income52 ......	6,454		3,203		1,761		69		216		(250)		11,453
Loan impairment charges and other credit risk provisions .	(1,369)		(501)		(12)		-		(1)		-		(1,883)
Net operating income .........	5,085		2,702		1,749		69		215		(250)		9,570
Total operating expenses .......	(4,382)		(1,835)		(700)		(49)		(539)		250		(7,255)
Operating profit/(loss) .......	703		867		1,049		20		(324)		-		2,315
Share of profit in associates and joint ventures ...............	-		-		-		-		-		-		-
Profit/(loss) before tax .......	703		867		1,049		20		(324)		-		2,315
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	3.2		4.0		4.8		0.1		(1.5)				10.6
Cost efficiency ratio ..............	67.9		57.3		39.8		71.0		249.5				63.3
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	19,025		25,834		11,011		62		6				55,938
Total assets ............................	39,231		38,410		66,241		1,660		417		(1,070)		144,889
Customer accounts .................	28,629		24,050		18,940		7,079		62				78,760

	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$m
Profit before tax
Net interest income ...............	3,979		1,671		772		20		121		(252)		6,311
Net fee income/(expense) ......	1,006		526		191		32		(6)		-		1,749
Trading income/(expense) excluding net interest income ...........................................	35		72		370		3		(27)		-		453
Net interest income on trading activities .................	-		-		28		-		-		252		280
Net trading income/(expense)56	35		72		398		3		(27)		252		733
Net income from financial instruments designated at fair value ........................	339		85		1		-		-		-		425
Gains less losses from financial investments .........	6		2		93		-		(3)		-		98
Dividend income ....................	7		2		3		-		-		-		12
Net earned insurance premiums	1,651		374		29		-		-		-		2,054
Other operating income .........	98		34		15		2		221		(229)		141
Total operating income .........	7,121		2,766		1,502		57		306		(229)		11,523
Net insurance claims65 ............	(1,479)		(297)		(16)		-		-		-		(1,792)
Net operating income52 ..........	5,642		2,469		1,486		57		306		(229)		9,731
Loan impairment charges and other credit risk provisions .	(1,247)		(293)		(4)		-		-		-		(1,544)
Net operating income ............	4,395		2,176		1,482		57		306		(229)		8,187
Total operating expenses .......	(4,034)		(1,623)		(653)		(47)		(266)		229		(6,394)
Operating profit .....................	361		553		829		10		40		-		1,793
Share of profit in associates and joint ventures ...............	1		1		-		-		-		-		2
Profit before tax ....................	362		554		829		10		40		-		1,795
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	1.9		2.9		4.3		0.1		0.2				9.4
Cost efficiency ratio ..............	71.5		65.7		43.9		82.5		86.9				65.7
Balance sheet data49
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	20,823		24,879		12,242		43		-				57,987
Total assets ............................	38,819		35,619		64,635		1,608		196		(939)		139,938
Customer accounts .................	30,149		24,514		27,810		6,053		-				88,526

For footnotes, see page 95.

 

END

 

 

ACSUNSNRUVAOUAR