HSBC 2003 Annual Report Download - page 110

HSBC HOLDINGS PLC
Financial Review (continued)
108
Profit/(loss) excluding goodwill amortisation by customer group (continued)
Year ended 31 December 2001
North America
Personal
Financial
Services
US$m
Commercial
Banking
US$m
Corporate,
Investment
Banking &
Markets
US$m
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination
US$m
Total
US$m
Net interest income ......................... 1,247 869 354 127 (147) – 2,450
Dividend income .............................. – – 29 – – – 29
Net fees and commissions ................ 368 190 291 64 – – 913
Dealing profits .................................. (38) 28 357 1 (2) – 346
Other income .................................... 71 48 10 63 30 (15) 207
Other operating income .................... 401 266 687 128 28 (15) 1,495
Operating income ........................... 1,648 1,135 1,041 255 (119) (15) 3,945
Operating expenses excluding
goodwill amortisation1.................. (988) (572) (648) (154) (193) 15 (2,540)
Operating profit/(loss) before
provisions1 ................................... 660 563 393 101 (312) – 1,405
Provisions for bad and doubtful
debts ............................................. (70) (149) (80) (4) 3 – (300)
Provisions for contingent liabilities
and commitments ......................... – (7) – – (575) – (582)
Amounts written off fixed asset
investments .................................. – – (5) – – – (5)
Operating profit/(loss)1 .................. 590 407 308 97 (884) – 518
Share of operating loss in joint
ventures2 ....................................... (7) – – – – – (7)
Share of operating profit in
associates2..................................... – – – – 5 – 5
Gains/(losses) on disposal of
investments and tangible fixed
assets............................................. 10 3 133 (16) 2 – 132
Profit/(loss) on ordinary activities
before ta
x
3 ................................... 593 410 441 81 (877) – 648
%%%%% %
Share of HSBC’ s pre-tax profits3 ..... 6.7 4.7 5.1 0.9 (10.0
)
7.4
Cost:income ratio1 ........................... 60.0 50.4 62.2 60.4 (162.2
)
64.4
US$m US$m US$m US$m US$m US$m
Selected balance sheet data4
Loans and advances to customers
(net) ............................................... 26,013 24,754 20,515 1,805 1 73,088
Total assets ....................................... 32,302 25,713 77,556 3,031 136 138,738
Customer accounts ........................... 35,066 15,392 19,315 11,203 79 81,055
The following assets and liabilities
were also significant to Corporate,
Investment Banking and Markets:
Loans and advances to
banks (net) ................................. 7,549
Debt securities, treasury bills
and other eligible bills ................ 45,230
Deposits by banks ......................... 7,791
Goodwill amortisation:
1excluded from (1) above .............. 50 32 36 27 –145
2excluded from (2) above .............. ––––– –
3excluded from (3) above .............. 50 32 36 27 –145
4Third party only.