HSBC 2003 Annual Report Download - page 90

HSBC HOLDINGS PLC
Financial Review (continued)
88
Rest of Asia-Pacific (including the Middle East)
Profit before tax excluding goodwill amortisation
Year ended 31 December
2003
US$m
2002
US$m
2001
US$m
Personal Financial Services ................................................................ 158 127 80
Commercial Banking........................................................................... 450 423 277
Corporate, Investment Banking and Markets ..................................... 732 706 725
Private Banking .................................................................................. 36 25 (16
)
Other .................................................................................................. 50 12 30
Total1 .................................................................................................. 1,426 1,293 1,096
1Goodwill amortisation excluded:
– arising on subsidiaries ................................................................ 35 33 8
– arising on associates and joint ventures ...................................... – – –
– total ............................................................................................. 35 33 8
Year ended 31 December
2003
US$m
2002
US$m
2001
US$m
Australia and New Zealand ................................................................ 96 34 22
Brunei ................................................................................................. 28 34 24
India ................................................................................................... 94 85 86
Indonesia ............................................................................................ 75 73 (26
)
Japan .................................................................................................. 39 44 18
Mainland China .................................................................................. 42 50 33
Malaysia ............................................................................................. 149 129 141
Middle East (excluding Saudi Arabia) ................................................ 236 225 201
Philippines .......................................................................................... 16 32 31
Saudi Arabia ....................................................................................... 133 103 86
Singapore ........................................................................................... 198 223 270
South Korea ........................................................................................ 69 60 53
Taiwan ................................................................................................ 80 80 44
Thailand ............................................................................................. 54 39 51
Other .................................................................................................. 117 82 62
1,426 1,293 1,096