HSBC 2012 Annual Report Download - page 100

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Geographical regions > Rest of Asia-Pacific / Middle East and North Africa
98
Profit before tax and balance sheet data – Rest of Asia-Pacific (continued)
2011
Retail
Banking
and Wealth
Management
US$m
Commercial
Banking
US$m
Global
Banking
and
Markets
US$m
Global
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination85
US$m
Total
US$m
Profit before tax
Net interest income ..................... 1,838 1,254 1,964 116 123 (193) 5,102
Net fee income/(expense) ........... 904 513 621 82 (9) – 2,111
Trading income/(expense)
excluding net interest income . 94 156 1,153 66 (90) – 1,379
Net interest income/(expense)
on trading activities ................ (2) 1 76 – 11 193 279
Net trading income/(expense)78 .. 92 157 1,229 66 (79) 193 1,658
Changes in fair value of long-
term debt issued and related
derivatives .............................. – – – – 4 – 4
Net income/(expense) from
other financial instruments
designated at fair value ........... (38) 2 1 – 15 – (20)
Net income/(expense) from
financial instruments
designated at fair value ........... (38) 2 1 – 19 – (16)
Gains less losses from
financial investments .............. – 2 (25) 1 (1) – (23)
Dividend income ......................... – – 2 – – – 2
Net earned insurance premiums . 493 266 – – – – 759
Other operating income .............. 145 72 75 5 1,592 (178) 1,711
Total operating income ............... 3,434 2,266 3,867 270 1,645 (178) 11,304
Net insurance claims86 ................ (351) (240) – – – – (591)
Net operating income21 ............... 3,083 2,026 3,867 270 1,645 (178) 10,713
Loan impairment (charges)/
recoveries and other credit
risk provisions ........................ (222) 10 (57) 2 – – (267)
Net operating income ................. 2,861 2,036 3,810 272 1,645 (178) 10,446
Total operating expenses ............ (2,409) (945) (1,268) (181) (1,181) 178 (5,806)
Operating profit .......................... 452 1,091 2,542 91 464 – 4,640
Share of profit/(loss) in
associates and joint ventures .. 1,189 1,155 547 – (60) – 2,831
Profit before tax .......................... 1,641 2,246 3,089 91 404 – 7,471
% % % % % %
Share of HSBC’s profit
before tax ................................ 7.5 10.3 14.1 0.4 1.9 34.2
Cost efficiency ratio ................... 78.1 46.6 32.8 67.0 71.8 54.2
Balance sheet data74
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 40,970 38,404 41,114 3,190 190 123,868
Total assets ................................. 54,484 50,688 195,549 12,879 16,616 (12,400) 317,816
Customer accounts ...................... 60,831 40,423 60,855 11,872 31 174,012
For footnotes, see page 120.