HSBC 2003 Annual Report Download - page 127

125
Year ended 31 December
2003 2002 2001
Assets (continued) Average balance
Interest
income Yield
Average
balance
Interest
income Yield
Average
balance
Interest
income Yield
US$m US$m % US$m US$m % US$m US$m %
Other interest-earning assets
Europe HSBC Bank plc ...................... 6,190 173 2.79 10,384 198 1.91 2,981 218 7.31
HSBC Private Banking
Holdings (Suisse) S.A. ....... 5,420 102 1.88 3,964 119 3.00 287 85 29.62
CCF ........................................ 3,276 34 1.04 2,701 56 2.07 1,586 82 5.17
Hong Kong Hang Seng Bank ..................... 1,097 25 2.28 1,158 33 2.85 1,081 56 5.18
The Hongkong and Shanghai
Banking Corporation .......... 12,680 264 2.08 9,128 238 2.61 7,958 353 4.44
Rest of Asia-
Pacific
The Hongkong and Shanghai
Banking Corporation .......... 4,511 81 1.80 4,349 87 2.00 4,799 181 3.77
HSBC Bank Malaysia
Berhad ................................ 22 1 4.55 25 1 4.00 72 4 5.56
HSBC Bank Middle East ........ 491 9 1.83 744 17 2.28 915 46 5.03
North America HSBC USA Inc ....................... 371 17 4.58 320 24 7.50 665 46 6.92
Household1.............................. 484 23 4.75 ––– –––
HSBC Bank Canada ............... 170 10 5.88 1 1 100.00 – 3 –
HSBC Markets Inc. ................. 159 4 2.52 64 2 3.13 54 2 3.70
HSBC Mexico1 ....................... 74 3 4.05 ––– –––
South America Brazilian operations ................ 162 27 16.67 196 24 12.24 370 20 5.41
HSBC Bank Argentina S.A. ... 44 2 4.55 53 6 11.32 50 5 10.00
Other operations ................................................. (33,113
)
(656
)
1.98 (32,082
)
(666
)
2.08 (20,001
)
(963
)
4.81
2,038 119 5.84 1,005 140 13.93 817 138 16.89
Total interest-earning assets
Europe HSBC Bank plc ...................... 200,109 9,173 4.58 170,706 8,365 4.90 140,100 8,891 6.35
HSBC Private Banking
Holdings (Suisse) S.A. ....... 26,497 653 2.46 26,799 847 3.16 24,887 1,296 5.21
CCF ........................................ 68,659 2,950 4.30 56,949 2,736 4.80 55,445 3,212 5.79
Household1 .............................. 6,165 673 10.92 ––– –––
Hong Kong Hang Seng Bank ..................... 57,401 1,650 2.87 56,381 1,918 3.40 58,329 3,142 5.39
The Hongkong and Shanghai
Banking Corporation .......... 118,057 3,461 2.93 107,804 3,834 3.56 104,159 5,524 5.30
Rest of Asia-
Pacific
The Hongkong and Shanghai
Banking Corporation .......... 56,727 2,287 4.03 46,919 2,118 4.51 41,481 2,388 5.76
HSBC Bank Malaysia
Berhad ................................ 6,760 332 4.91 6,099 310 5.08 6,203 324 5.22
HSBC Bank Middle East ........ 9,014 414 4.59 8,604 452 5.25 8,184 582 7.11
North America HSBC USA Inc ....................... 70,895 3,304 4.66 68,787 3,573 5.19 69,109 4,453 6.44
Household1 .............................. 85,827 9,713 11.32 ––– –––
HSBC Bank Canada ............... 24,127 1,115 4.62 20,118 958 4.76 18,885 1,173 6.21
HSBC Markets Inc. ................. 15,063 352 2.34 29,580 918 3.10 27,843 1,148 4.12
HSBC Mexico1 ....................... 19,720 1,594 8.08 1,855 175 9.43 – – –
South America Brazilian operations ................ 5,652 1,563 27.65 5,307 1,336 25.17 7,404 1,592 21.50
HSBC Bank Argentina S.A. ... 1,194 121 10.13 1,293 315 24.36 3,983 544 13.66
Other operations ................................................. 6,548 613 9.36 1,548 740 47.80 13,653 992 7.27
778,415 39,968 5.13 608,749 28,595 4.70 579,665 35,261 6.08
Summary
Total interest-earning assets ........................ 778,415 39,968 5.13 608,749 28,595 4.70 579,665 35,261 6.08
Provisions for bad and doubtful debts ......... (12,816
)
(7,809
)
(7,816
)
Non interest-earning assets .......................... 192,251 132,2272124,5592
Total assets and interest income .................. 957,850 39,968 4.17 733,167 28,595 3.90 696,408 35,261 5.06
1 Yields annualised on the basis of the period of ownership in the year of acquisition.
2 Figures for 2002 and 2001 have been restated to reflect the adoption of UITF Abstracts 37 ‘Purchases and sales of own shares’, and 38
‘Accounting for ESOP trusts’, details of which are set out in Note 1 in the ‘Notes on the Financial Statements’ on pages 239 to 240.