HSBC 2003 Annual Report Download - page 68

HSBC HOLDINGS PLC
Financial Review (continued)
66
Europe
Profit/(loss) before tax excluding goodwill amortisation
Year ended 31 December
2003
US$m
2002
US$m
2001
US$m
Personal Financial Services ....................................................... 1,267 987 1,091
United Kingdom ........................................................................... 1,050 826 906
France ........................................................................................... 165 139 133
Other ............................................................................................ 52 22 52
Consumer Finance1 .................................................................... 157 ––
United Kingdom ........................................................................... 157 ––
France ........................................................................................... –––
Other ............................................................................................ –––
Total Personal Financial Services ............................................. 1,424 987 1,091
United Kingdom ........................................................................... 1,207 826 906
France ........................................................................................... 165 139 133
Other ............................................................................................ 52 22 52
Commercial Banking ................................................................. 1,303 1,344 986
United Kingdom ........................................................................... 939 929 742
France ........................................................................................... 257 325 186
Other ............................................................................................ 107 90 58
Corporate, Investment Banking and Markets .......................... 1,623 1,438 1,438
United Kingdom ........................................................................... 1,234 1,118 1,188
France ........................................................................................... 129 147 52
Other ............................................................................................ 260 173 198
Private Banking .......................................................................... 339 236 310
United Kingdom ........................................................................... 73 88 114
France ........................................................................................... 21 833
Other ............................................................................................ 245 140 163
Other ........................................................................................... 173 155 357
United Kingdom ........................................................................... 139 176 196
France ........................................................................................... 12 (130) 83
Other ............................................................................................ 22 109 78
Total24,862 4,160 4,182
United Kingdom ........................................................................... 3,592 3,137 3,146
France ........................................................................................... 584 489 487
Other ............................................................................................ 686 534 549
1 Comprises Household since the date of acquisition.
2 Goodwill amortisation excluded:
– arising on subsidiaries ............................................................ 758 651 632
– arising on associates and joint ventures ................................. 135 9 8
– total ........................................................................................ 893 660 640