HSBC 2003 Annual Report Download - page 96

HSBC HOLDINGS PLC
Financial Review (continued)
94
Profit/(loss) excluding goodwill amortisation by customer group
Year ended 31 December 2003
Rest of Asia-Pacific (including
the Middle East)
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$m
Net interest income ......................... 754 419 541 33 (7
)
– 1,740
Dividend income .............................. ––––4–4
Net fees and commissions ................ 239 220 324 10 12 – 805
Dealing profits .................................. 35 46 301 38 1 – 421
Other income .................................... 71 30 21 - 56 (58) 120
Other operating income .................... 345 296 646 48 73 (58
)
1,350
Operating income ........................... 1,099 715 1,187 81 66 (58
)
3,090
Operating expenses excluding
goodwill amortisation1 ................... (835
)
(334
)
(526
)
(47
)
(57
)
58 (1,741
)
Operating profit before
provisions1 .................................... 264 381 661 34 9 – 1,349
Provisions for bad and doubtful
debts ............................................. (145
)
52521–(85
)
Provisions for contingent liabilities
and commitments .......................... –(1
)
(1
)
–1–(1
)
Amounts written off fixed asset
investments ................................... ––(1
)
–(1
)
–(2
)
Operating profit1 ............................. 119 432 664 36 10 – 1,261
Share of operating loss in joint
ventures2 ........................................ ––––––-
Share of operating profit in
associates2...................................... 39 17 65 – 28 – 149
Gains on disposal of investments
and tangible fixed assets................. –1
–
3 – 12 – 16
Profit on ordinary activities
before ta
x
3 .................................... 158 450 732 36 50 – 1,426
%%%%% %
Share of HSBC’ s pre-tax profits3 ...... 1.1 3.1 5.1 0.2 0.4 9.9
Cost:income ratio1 ............................ 76.0 46.7 44.3 58.0 86.4 56.3
US$m US$m US$m US$m US$m US$m
Selected balance sheet data4
Loans and advances to customers
(net) ............................................... 17,848 13,383 15,129 1,481 111 47,952
Total assets ....................................... 20,128 14,402 56,495 2,813 4,243 98,081
Customer accounts ........................... 26,592 13,006 22,146 3,693 4 65,441
The following assets and liabilities
were also significant to Corporate,
Investment Banking and Markets:
Loans and advances to
banks (net) ................................. 10,452
Debt securities, treasury bills and
other eligible bills ....................... 23,279
Deposits by banks ......................... 6,405
Goodwill amortisation:
1excluded from (1) above ............... 5128–135
2excluded from (2) above ............... – – – – – –
3excluded from (3) above ............... 5128–135
4 Third party only.