HSBC 2010 Annual Report Download - page 81

79
Overview Operating & Financial Review Governance Financial Statements Shareholder Information
Profit/(loss) before tax and balance sheet data – Latin America
2010
Personal
Financial
Services
US$m
Commercial
Banking
US$m
Global
Banking &
Markets
US$m
Global
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination56
US$m
Total
US$m
Profit/(loss) before tax
Net interest income ..................... 3,975 1,671 776 20 121 (252) 6,311
Net fee income/(expense) ........... 899 526 298 32 (6) – 1,749
Trading income/(expense)
excluding net interest income 35 72 370 3 (27) – 453
Net interest income on
trading activities ..................... – – 28 –– 252 280
Net trading income/(expense)49 .. 35 72 398 3 (27) 252 733
Changes in fair value of long-
term debt issued and related
derivatives .............................. – – – – – – –
Net income from other
financial instruments
designated at fair value ........... 339 85 1 –– – 425
Net income from financial
instruments designated
at fair value ............................. 339 85 1 – – – 425
Gains less losses from
financial investments .............. 6 2 93 – (3) – 98
Dividend income ......................... 7 2 3 – – – 12
Net earned insurance premiums . 1,651 374 29 – – – 2,054
Other operating income .............. 90 34 23 2 221 (229) 141
Total operating income ............ 7,002 2,766 1,621 57 306 (229) 11,523
Net insurance claims57 ................ (1,479) (297) (16) – – – (1,792)
Net operating income46 ............. 5,523 2,469 1,605 57 306 (229) 9,731
Loan impairment charges and
other credit risk provisions ..... (1,247) (293) (4) – – – (1,544)
Net operating income ............... 4,276 2,176 1,601 57 306 (229) 8,187
Total operating expenses ............ (3,983) (1,623) (704) (47) (266) 229 (6,394)
Operating profit ........................ 293 553 897 10 40 – 1,793
Share of profit in associates
and joint ventures ................... 1 1 – – – – 2
Profit before tax ........................ 294 554 897 10 40 – 1,795
% % % %
%
%
Share of HSBC’s profit
before tax ................................ 1.5 2.9 4.7 0.1 0.2 9.4
Cost efficiency ratio ................... 72.1 65.7 43.9 82.5 86.9 65.7
Balance sheet data45
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 20,823 24,879 12,242 43 – 57,987
Total assets ................................. 38,764 35,619 64,690 1,608 196 (939) 139,938
Customer accounts ...................... 30,149 24,514 27,810 6,053 – 88,526