Interim Report - 6 of 21

RNS Number : 9157Q

HSBC Holdings PLC

13 August 2010

 



Analysis by customer group and global business

Profit/(loss) before tax

	Half-year to 30 June 2010
Total	Personal   Financial     Services         US$m		Commercial     Banking         US$m		Global Banking &     Markets         US$m		Private    Banking         US$m		Other22        US$m		Inter-     segment elimination35         US$m		Total         US$m
Net interest income/ (expense) ......	12,198		4,024		3,720		646		(537)		(294)		19,757
Net fee income .	3,560		1,935		2,379		643		1		-		8,518
Trading income/(expense) excluding net interest income ..........	(392)		222		2,867		209		(597)		-		2,309
Net interest income on trading activities .......	15		11		888		10		25		294		1,243
Net trading income/ (expense)25 ....	(377)		233		3,755		219		(572)		294		3,552
Net income/(expense) from financial instruments designated at fair value .......	(127)		26		8		-		1,178		-		1,085
Gains less losses from financial investments ...	3		3		505		11		35		-		557
Dividend income ......................	14		5		22		3		15		-		59
Net earned insurance premiums ......	4,953		696		22		-		(5)		-		5,666
Other operating income ..........	387		355		438		21		3,114		(2,837)		1,478
Total operating income .........	20,611		7,277		10,849		1,543		3,229		(2,837)		40,672
Net insurance claims26 .........	(4,572)		(537)		(15)		-		3		-		(5,121)
Net operating income7 ........	16,039		6,740		10,834		1,543		3,232		(2,837)		35,551
Loan impairment charges and other credit risk provisions ...................... ......................	(6,317)		(705)		(500)		-		(1)		-		(7,523)
Net operating income .........	9,722		6,035		10,334		1,543		3,231		(2,837)		28,028
Operating expenses ........	(9,009)		(3,266)		(4,947)		(967)		(2,759)		2,837		(18,111)
Operating profit ............	713		2,769		5,387		576		472		-		9,917
Share of profit/(loss) in associates and joint ventures	458		435		246		(20)		68		-		1,187
Profit before tax ................	1,171		3,204		5,633		556		540		-		11,104
	%		%		%		%		%				%
Share of HSBC's profit before tax ................	10.5		28.9		50.7		5.0		4.9				100.0
Cost efficiency ratio ..............	56.2		48.5		45.7		62.7		85.4				50.9
Balance sheet data23
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..............	377,467		207,763		268,506		36,590		3,011				893,337
Total assets .......	507,088		264,077		1,777,643		108,499		189,153		(428,006)		2,418,454
Customer accounts ........	488,249		263,616		290,674		104,025		757				1,147,321

Profit/(loss) before tax (continued)

	Half-year to 30 June 2009
Total	Personal     Financial       Services          US$m		Commercial       Banking          US$m		Global    Banking &       Markets          US$m		Private       Banking          US$m		Other22         US$m		Inter-       segment elimination35          US$m		Total          US$m
Net interest income/ (expense) ......	12,650		3,809		4,667		784		(551)		(821)		20,538
Net fee income .	4,045		1,749		1,968		602		64		-		8,428
Trading income excluding net interest income ..........	450		183		3,422		154		92		-		4,301
Net interest income on trading activities .......	39		11		1,056		9		18		821		1,954
Net trading income25 .......	489		194		4,478		163		110		821		6,255
Net income/(expense) from financial instruments designated at fair value .......	744		(17)		329		-		(2,579)		-		(1,523)
Gains less losses from financial investments ...	195		25		158		(2)		(53)		-		323
Dividend income ......................	17		3		23		2		12		-		57
Net earned insurance premiums ......	4,585		390		40		-		(3)		-		5,012
Other operating income ..........	302		519		603		40		2,172		(2,478)		1,158
Total operating income/ (expense) ......	23,027		6,672		12,266		1,589		(828)		(2,478)		40,248
Net insurance claims26 .........	(5,144)		(328)		(35)		-		-		-		(5,507)
Net operating income/ (expense)7 .....	17,883		6,344		12,231		1,589		(828)		(2,478)		34,741
Loan impairment charges and other credit risk provisions ...................... ......................	(10,673)		(1,509)		(1,732)		(14)		(3)		-		(13,931)
Net operating income/ (expense) ......	7,210		4,835		10,499		1,575		(831)		(2,478)		20,810
Operating expenses ........	(8,774)		(2,740)		(4,405)		(949)		(2,268)		2,478		(16,658)
Operating profit/(loss) ...	(1,564)		2,095		6,094		626		(3,099)		-		4,152
Share of profit in associates and joint ventures	315		337		204		6		5		-		867
Profit/(loss) before tax ......	(1,249)		2,432		6,298		632		(3,094)		-		5,019
	%		%		%		%		%				%
Share of HSBC's profit before tax ................	(24.9)		48.5		125.5		12.6		(61.7)				100.0
Cost efficiency ratio ..............	49.1		43.2		36.0		59.7		(273.9)				47.9
Balance sheet data23
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..............	400,692		198,903		287,328		34,282		3,478				924,683
Total assets .......	547,084		249,030		1,770,618		117,468		170,414		(432,771)		2,421,843
Customer accounts ........	482,935		239,933		330,962		108,278		1,235				1,163,343

 

	Half-year to 31 December 2009
Total	Personal     Financial      Services         US$m		Commercial      Banking          US$m		Global   Banking &      Markets         US$m		Private      Banking         US$m		Other22         US$m		Inter-      segment elimination35          US$m		Total         US$m
Net interest income/ (expense) ......	12,457		4,074		3,943		690		(484)		(488)		20,192
Net fee income . ......................	4,193		1,953		2,395		634		61		-		9,236
Trading income excluding net interest income ..........	187		149		1,279		168		152		-		1,935
Net interest income on trading activities .......	26		11		1,118		13		17		488		1,673
Net trading income25 .......	213		160		2,397		181		169		488		3,608
Net income/(expense) from financial instruments designated at fair value .......	1,595		117		144		-		(3,864)		-		(2,008)
Gains less losses from financial investments ...	29		(2)		107		7		56		-		197
Dividend income ......................	16		5		45		3		-		-		69
Net earned insurance premiums ......	4,949		496		14		-		-		-		5,459
Other operating income ..........	507		220		543		8		2,870		(2,518)		1,630
Total operating income/ (expense) ......	23,959		7,023		9,588		1,523		(1,192)		(2,518)		38,383
Net insurance claims26 .........	(6,427)		(514)		1		-		(3)		-		(6,943)
Net operating income/ (expense)7 .....	17,532		6,509		9,589		1,523		(1,195)		(2,518)		31,440
Loan impairment charges and other credit risk provisions ...................... ......................	(9,229)		(1,773)		(1,436)		(114)		(5)		-		(12,557)
Net operating income/ (expense) ......	8,303		4,736		8,153		1,409		(1,200)		(2,518)		18,883
Operating expenses ........	(9,518)		(3,223)		(4,132)		(935)		(2,447)		2,518		(17,737)
Operating profit/(loss) ...	(1,215)		1,513		4,021		474		(3,647)		-		1,146
Share of profit in associates and joint ventures	399		330		162		2		21		-		914
Profit/(loss) before tax ......	(816)		1,843		4,183		476		(3,626)		-		2,060
	%		%		%		%		%				%
Share of HSBC's profit before tax ......	(39.6)		89.5		203.0		23.1		(176.0)				100.0
Cost efficiency ratio ..............	54.3		49.5		43.1		61.4		(204.8)				56.4
Balance sheet data23
	US$m		US$m		US$m		US$m		US$m				US$m
Loans and advances to customers (net) ..............	399,460		199,674		256,956		37,031		3,110				896,231
Total assets .......	554,074		251,143		1,683,672		116,148		150,983		(391,568)		2,364,452
Customer accounts ........	499,109		267,388		284,727		106,533		1,277				1,159,034

For footnotes, see page 95.

 

END

 

 

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