HSBC 2009 Annual Report Download - page 420

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 14 and 15
418
Other financial information
Net operating income by customer group and global business
Personal
Financial
Services
Commercial
Banking
Global
Banking
& Markets
Private
Banking Other1
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m
Year ended 31 December 2009
Net operating income .................. 15,513 9,571 18,652 2,984 (2,031) (4,996) 39,693
External .................................. 13,804 9,285 21,383 2,275 (7,054) – 39,693
Inter-segment .......................... 1,709 286 (2,731) 709 5,023 (4,996) –
Year ended 31 December 2008
Net operating income .................. 20,269 13,144 12,047 3,563 12,290 (4,568) 56,745
External .................................. 15,023 13,080 17,739 2,231 8,672 – 56,745
Inter-segment .......................... 5,246 64 (5,692) 1,332 3,618 (4,568) –
Year ended 31 December 2007
Net operating income .................. 27,067 12,943 15,172 3,534 6,947 (3,912) 61,751
External .................................. 21,059 11,442 23,595 2,144 3,511 – 61,751
Inter-segment .......................... 6,008 1,501 (8,423) 1,390 3,436 (3,912) –
1 The main items reported in the ‘Other’ segment are certain property activities, unallocated investment activities, centrally held
investment companies and HSBC’s holding company and financing operations. The ‘Other’ segment also includes gains and losses on
the disposal of certain significant subsidiaries or business units.
Information by country
2009 2008 2007
External net
operating
income1
Non-
current
assets2
External net
operating
income1
Non-
current
assets2
External net
operating
income1
Non-
current
assets2
US$m US$m US$m US$m US$m US$m
UK ....................................................................... 9,958 19,704 15,789 12,491 15,955 12,394
Hong Kong ......................................................... 8,352 3,374 8,205 3,527 10,168 3,226
USA .................................................................... (1,042) 5,499 2,862 4,660 9,304 20,403
France ................................................................. 3,322 11,782 6,457 11,862 4,597 12,868
Brazil ................................................................... 3,368 1,868 3,886 1,421 3,659 1,735
Other countries ................................................... 15,735 25,557 19,546 23,020 18,068 22,420
39,693 67,784 56,745 56,981 61,751 73,046
1 External net operating income is attributed to countries on the basis of the location of the branch responsible for reporting the results or
advancing the funds.
2 Non-current assets consist of property, plant and equipment, goodwill, other intangible assets, interests in associates and joint ventures
and certain other assets expected to be recovered more than twelve months after the reporting period.
15 Analysis of financial assets and liabilities by measurement basis
Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The
summary of significant accounting policies in Note 2 describes how the classes of financial instruments are measured,
and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the
carrying amounts of the financial assets and liabilities by category as defined in IAS 39 and by balance sheet heading.