HSBC 2004 Annual Report Download - page 48

HSBC HOLDINGS PLC
Financial Review (continued)
46
Profit/(loss) excluding goodwill amortisation (continued)
Year ended 31 December 2002
Total
Personal
Financial
Services
US$m
Commercial
Banking
US$m
Corporate,
Investment
Banking &
Markets
US$m
Private
Banking
US$m
Other6
US$m
Inter-
segment
elimination
US$m
Total
US$m
Net interest income/(expense) ............................... 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 income9.......................................................... 773 459 609 102 925 (1,148) 1,720
Other operating income9........................................... 3,808 2,506 4,011 864 1,094 (1,148) 11,135
Operating income9.................................................. 11,237 6,341 7,711 1,413 1,041 (1,148) 26,595
Operating expenses excluding goodwill
amortisation1,9 .................................................... (6,958) (3,149) (3,898) (987) (1,110) 1,148 (14,954)
Operating profit/(loss) before provisions1............. 4,279 3,192 3,813 426 (69) – 11,641
Provisions for bad and doubtful debts ..................... (857) (269) (184) (5) (6) – (1,321)
Provisions for contingent liabilities and
commitments ..................................................... (42) 19 12 (21) (75) – (107)
Amounts (written off)/written back on fixed asset
investments ........................................................ (2) 3 (109) (22) (194) – (324)
Operating profit/(loss)1.......................................... 3,378 2,945 3,532 378 (344) – 9,889
Share of operating profit/(loss) in joint ventures2 .... (23) 3 2 (1) – – (19)
Share of operating profit/(loss) in associates ............ 17 15 45 (10) 68 – 135
Gains on disposal of investments and tangible
fixed assets ........................................................ 19 51 317 46 75 – 508
Profit/(loss) on ordinary activities before tax3...... 3,391 3,014 3,896 413 (201) – 10,513
%%%%% %
Share of HSBC’ s pre-tax profits3............................. 32.3 28.7 37.1 3.8 (1.9) 100.0
Cost:income ratio1.................................................... 61.9 49.7 50.6 69.9 106.6 56.2
US$m US$m US$m US$m US$m US$m
Selected balance sheet data7
Loans and advances to customers (net) ................... 143,696 90,562 101,770 14,115 2,201 352,344
Total assets8,9 ........................................................... 171,478 113,520 394,540 48,346 21,276 749,160
Customer accounts .................................................. 257,880 92,884 95,351 49,012 311 495,438
The following assets and liabilities were
significant to Corporate, Investment Banking
and Markets:
Loans and advances banks (net) .............................. 80,870
Debt securities, treasury bills and other eligible
bills .................................................................... 162,583
Deposits by banks ................................................... 48,895
Goodwill amortisation excluded:
1from (1) above .................................................... 186 168 236 264 –854
2from (2) above .................................................... – – 8–19
3from (3) above .................................................... 186 168 244 264 1 863
For other footnotes, see page 59.