Annual Financial Report - 9 of 41

RNS Number : 8250D

HSBC Holdings PLC

30 March 2011

 



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

	2010
	Personal   Financial     Services         US$m		Commercial    Banking         US$m		Global    Banking &     Markets         US$m		Global Private    Banking         US$m		Other        US$m		Inter-    segment elimination56        US$m		Total         US$m
Profit/(loss) before tax
Net interest income/(expense)	5,536		2,774		2,936		871		(654)		(213)		11,250
Net fee income ......................	2,016		1,570		1,863		883		39		-		6,371
Trading income/(expense) excluding net interest income ...............................	(7)		3		1,542		185		(262)		-		1,461
Net interest income/(expense) on trading activities ............	(1)		19		1,127		21		23		213		1,402
Net trading income/(expense)49	(8)		22		2,669		206		(239)		213		2,863
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(365)		-		(365)
Net income/(expense) from other financial instruments designated at fair value .......	496		113		(23)		-		61		-		647
Net income/(expense) from financial instruments designated at fair value .......	496		113		(23)		-		(304)		-		282
Gains less losses from financial investments .........	29		-		460		(7)		4		-		486
Dividend income ....................	-		1		16		2		1		-		20
Net earned insurance premiums	3,800		278		-		-		(11)		-		4,067
Other operating income .........	165		163		839		7		754		189		2,117
Total operating income/ (expense) ..........................	12,034		4,921		8,760		1,962		(410)		189		27,456
Net insurance claims57 ............	(4,364)		(342)		-		-		-		-		(4,706)
Net operating income/ (expense)46 .......................	7,670		4,579		8,760		1,962		(410)		189		22,750
Loan impairment (charges)/ recoveries and other credit risk provisions ....................	(1,217)		(997)		(783)		(26)		3		-		(3,020)
Net operating income/ (expense) ..........................	6,453		3,582		7,977		1,936		(407)		189		19,730
Total operating expenses .......	(5,166)		(2,378)		(5,265)		(1,296)		(1,151)		(189)		(15,445)
Operating profit/(loss) .......	1,287		1,204		2,712		640		(1,558)		-		4,285
Share of profit in associates and joint ventures ...............	2		1		14		-		-		-		17
Profit/(loss) before tax .......	1,289		1,205		2,726		640		(1,558)		-		4,302
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	6.8		6.3		14.3		3.4		(8.2)				22.6
Cost efficiency ratio ..............	67.4		51.9		60.1		66.1		(280.7)				67.9
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	145,063		91,744		170,375		27,629		988				435,799
Total assets  ...........................	202,431		111,356		965,462		76,631		65,824		(172,177)		1,249,527
Customer accounts .................	168,979		96,597		169,873		56,114		-				491,563

	2009
	Personal     Financial       Services          US$m		Commercial       Banking          US$m		Global Banking &      Markets          US$m		Global Private      Banking          US$m		Other          US$m		Inter-      segment elimination               56         US$m		Total          US$m
Profit/(loss) before tax
Net interest income/(expense)	5,413		2,739		4,367		949		(525)		(675)		12,268
Net fee income ......................	1,949		1,679		1,670		883		86		-		6,267
Trading income excluding net interest income ..................	34		3		2,267		175		382		-		2,861
Net interest income/(expense) on trading activities ............	(1)		17		1,869		23		15		675		2,598
Net trading income49 ..............	33		20		4,136		198		397		675		5,459
Changes in fair value of long- term debt issued and related derivatives ..........................	-		-		-		-		(2,746)		-		(2,746)
Net income/(expense) from other financial instruments designated at fair value .......	1,012		133		375		-		(199)		-		1,321
Net income/(expense) from financial instruments designated at fair value .......	1,012		133		375		-		(2,945)		-		(1,425)
Gains less losses from financial investments ........................	20		2		25		5		(2)		-		50
Dividend income ....................	2		1		26		3		(3)		-		29
Net earned insurance premiums	3,975		253		(2)		-		(3)		-		4,223
Other operating income .........	182		373		670		28		914		95		2,262
Total operating income/ (expense) ...........................	12,586		5,200		11,267		2,066		(2,081)		95		29,133
Net insurance claims57 ............	(5,221)		(365)		-		-		(3)		-		(5,589)
Net operating income/ (expense)46 .........................	7,365		4,835		11,267		2,066		(2,084)		95		23,544
Loan impairment charges and other credit risk provisions .	(1,992)		(1,267)		(2,277)		(29)		(3)		-		(5,568)
Net operating income/ (expense) ...........................	5,373		3,568		8,990		2,037		(2,087)		95		17,976
Total operating expenses .......	(5,062)		(2,294)		(4,447)		(1,183)		(907)		(95)		(13,988)
Operating profit/(loss) ...........	311		1,274		4,543		854		(2,994)		-		3,988
Share of profit in associates and joint ventures ...............	1		18		2		-		-		-		21
Profit/(loss) before tax ...........	312		1,292		4,545		854		(2,994)		-		4,009
	%		%		%		%		%				%
Share of HSBC's profit before tax ...........................	4.4		18.3		64.2		12.1		(42.3)				56.7
Cost efficiency ratio ..............	68.7		47.4		39.5		57.3		(43.5)				59.4
Balance sheet data45
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..................	147,760		89,084		176,123		25,541		973				439,481
Total assets ............................	208,669		111,874		981,831		76,871		84,010		(194,655)		1,268,600
Customer accounts .................	165,161		102,249		169,390		58,213		6				495,019

For footnotes, see page 83.

 

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