Annual Financial Report - 22 of 60

RNS Number : 1542D

HSBC Holdings PLC

25 March 2014

 



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

	2013
	Retail    Banking and Wealth Management         US$m		Commercial   Banking53 US$m		Global    Banking and     Markets         US$m		Global       Private    Banking         US$m		Other         US$m		Inter-    segment elimination49        US$m		Total         US$m
Profit/(loss) before tax
Net interest income ...............	3,483		1,430		582		195		89		(37)		5,742
Net fee income ...................... ...........................................	605		593		741		125		79		−		2,143
Trading income excluding net interest income ..................	48		40		613		19		7		−		727
Net interest income on trading activities ............................	11		1		172		−		−		37		221
Net trading income44 ..............	59		41		785		19		7		37		948
Changes in fair value of long- term debt issued and related derivatives ..........................	−		-		-		-		(288)		-		(288)
Net income from other financial instruments designated at fair value ............................	−		−		−		−		−		−		−
Net expense from financial instruments designated at fair value ............................	−		−		−		−		(288)		−		(288)
Gains less losses from financial investments .........	4		−		282		−		8		−		294
Dividend income ....................	12		9		48		4		4		−		77
Net earned insurance premiums ...........................................	34		-		-		-		-		-		34
Other operating income/ (expense) ...........................	(454)		−		229		1		1,829		(1,713)		(108)
Total operating income ......	3,743		2,073		2,667		344		1,728		(1,713)		8,842
Net insurance claims50 ............	(39)		−		−		−		−		−		(39)
Net operating income4 .......	3,704		2,073		2,667		344		1,728		(1,713)		8,803
Loan impairment charges and other credit risk provisions . ...........................................	(950)		(223)		(20)		(4)		−		−		(1,197)
Net operating income .........	2,754		1,850		2,647		340		1,728		(1,713)		7,606
Total operating expenses .......	(2,960)		(1,096)		(1,718)		(283)		(2,072)		1,713		(6,416)
Operating profit/(loss) .......	(206)		754		929		57		(344)		−		1,190
Share of profit/(loss) in associates and joint ventures ...........................................	(1)		32		−		−		−		−		31
Profit/(loss) before tax .......	(207)		786		929		57		(344)		−		1,221
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	(0.9)		3.5		4.1		0.3		(1.6)				5.4
Cost efficiency ratio ..............	79.9		52.9		64.4		82.3		119.9				72.9
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net)34  ...............	66,192		37,735		51,746		5,956		−				161,629
Total assets ............................	82,530		45,706		313,701		8,542		13,211		(31,655)		432,035
Customer accounts reported in:
- customer accounts34 ........	53,600		49,225		79,799		13,871		−				196,495

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

	2012
	Retail       Banking and Wealth Management          US$m		Commercial     Banking53         US$m		Global      Banking and      Markets          US$m		Global        Private      Banking          US$m		Other          US$m		Inter-      segment elimination49         US$m		Total          US$m
Profit/(loss) before tax
Net interest income ...............	5,481		1,443		948		192		118		(65)		8,117
Net fee income ...................... ...........................................	923		562		716		124		188		-		2,513
Trading income/(expense) excluding net interest income ...........................................	(216)		47		466		20		16		-		333
Net interest income on trading activities ............................	17		1		91		-		-		65		174
Net trading income/(expense)44 ...........................................	(199)		48		557		20		16		65		507
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(1,219)		-		(1,219)
Net income from other financial instruments designated at fair value ............................	-		-		-		-		-		-		-
Net expense from financial instruments designated at fair value ............................	-		-		-		-		(1,219)		-		(1,219)
Gains less losses from financial investments .........	27		-		223		(7)		8		-		251
Dividend income ....................	15		11		32		3		-		-		61
Net earned insurance premiums ...........................	193		-		-		-		-		-		193
Gains on disposal of US branch network and cards business ..	3,735		277		-		-		-		-		4,012
Other operating income .........	173		149		191		5		1,787		(1,899)		406
Total operating income .........	10,348		2,490		2,667		337		898		(1,899)		14,841
Net insurance claims50 ............	(148)		-		-		-		-		-		(148)
Net operating income4 ...........	10,200		2,490		2,667		337		898		(1,899)		14,693
Loan impairment (charges)/ recoveries and other credit risk provisions .......... ...........................................	(3,241)		(148)		(71)		3		-		-		(3,457)
Net operating income ............	6,959		2,342		2,596		340		898		(1,899)		11,236
Total operating expenses .......	(3,966)		(1,144)		(1,639)		(268)		(3,822)		1,899		(8,940)
Operating profit/(loss) ...........	2,993		1,198		957		72		(2,924)		-		2,296
Share of profit in associates and joint ventures ...............	2		1		-		-		-		-		3
Profit/(loss) before tax ...........	2,995		1,199		957		72		(2,924)		-		2,299
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	14.5		5.8		4.6		0.3		(14.2)				11.1
Cost efficiency ratio ..............	38.9		45.9		61.5		79.5		425.6				60.8
Balance sheet data40
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	76,414		36,387		22,498		5,457		-				140,756
Total assets ............................	101,103		48,604		345,040		8,828		12,659		(25,987)		490,247
Customer accounts reported in:
- customer accounts ...........	57,758		48,080		29,595		13,553		51				149,037

For footnotes, see page 132.

 

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