HSBC 2003 Annual Report Download - page 323

321
Personal
Financial
Services
Commercial
Banking
Corporate,
Investment
Banking &
Markets
Private
Banking Other
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m
Year ended 31 December 2002
Net interest income ............. 7,429 3,835 3,700 549 (53
)
– 15,460
Dividend income ................. 6 6 230 2 34 – 278
Net fees and commissions ... 2,979 1,934 2,164 623 124 – 7,824
Dealing profits .................... 50 107 1,008 137 11 – 1,313
Other operating income ....... 788 463 610 102 905 (1,148
)
1,720
Operating income ................ 11,252 6,345 7,712 1,413 1,021 (1,148
)
26,595
Operating expenses ............. (7,159
)
(3,321
)
(4,135
)
(1,251
)
(1,090
)
1,148 (15,808
)
Operating profit/(loss)
before provisions ............. 4,093 3,024 3,577 162 (69
)
– 10,787
Provisions for bad and
doubtful debts ................. (857
)
(269
)
(184
)
(5
)
(6
)
– (1,321
)
Provisions for contingent
liabilities and
commitments .................. (42
)
19 12 (21
)
(7
)
–(39
)
Loss from foreign currency
redenomination in
Argentina ........................ ––––(68
)
–(68
)
Amounts (written off)/written
back on fixed asset
investments ..................... (2
)
3(109
)
(22
)
(194
)
–(324
)
Operating profit/(loss) ......... 3,192 2,777 3,296 114 (344
)
–9,035
Share of operating profit/
(loss) in joint ventures ..... (23
)
3(7
)
(1
)
––(28
)
Share of operating profit/
(loss) in associates .......... 17 15 46 (10
)
67 – 135
Gains on disposal of
investments and tangible
fixed assets ...................... 19 51 317 46 75 – 508
Profit/(loss) on ordinary
activities before tax ......... 3,205 2,846 3,652 149 (202
)
–9,650
Segment total assets ............ 171,496 113,525 394,542 48,346 21,251 749,160
Hong Kong Government
certificates of
indebtedness .................... 9,445
Total assets1 ........................ 758,605
Net assets1 ........................... 12,101 10,290 16,852 7,366 5,156 51,765
1Figures for 2002 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.