HSBC 2004 Annual Report Download - page 110

HSBC HOLDINGS PLC
Financial Review (continued)
108
South America
Profit/(loss) before tax excluding goodwill amortisation
Year ended 31 December
2004
US$m
2003
US$m
2002
US$m
Personal Financial Services ......................................................................... 47 (27) (33)
Brazil ............................................................................................................. 51 (31) 11
Argentina ....................................................................................................... (4) 3 (45)
Other .............................................................................................................. –11
Commercial Banking .................................................................................. 165 99 79
Brazil ............................................................................................................. 113 65 54
Argentina ....................................................................................................... 51 34 27
Other .............................................................................................................. 1–(2)
Corporate, Investment Banking and Markets ........................................... 150 (24) 32
Brazil ............................................................................................................. 134 49 125
Argentina ....................................................................................................... 8(72) (101)
Other .............................................................................................................. 8(1) 8
Private Banking ............................................................................................ 1(2) (12)
Brazil ............................................................................................................. 1(1) (1)
Other .............................................................................................................. –(1) (11)
Other ............................................................................................................. 81 80 (100)
Brazil ............................................................................................................. (18) 1 (62)
Argentina ....................................................................................................... 101 83 (91)
Other .............................................................................................................. (2) (4) 53
Total1 ............................................................................................................. 444 126 (34)
Brazil ............................................................................................................. 281 83 127
Argentina ....................................................................................................... 156 48 (210)
Other .............................................................................................................. 7(5) 49
1 Goodwill amortisation arising on subsidiaries excluded ........................... 29 11 24