HSBC 2012 Annual Report Download - page 104

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Geographical regions > Middle East and North Africa
102
Profit/(loss) before tax and balance sheet data – Middle East and North Africa
2012
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$m
Profit/(loss) before tax
Net interest income ..................... 597 492 367 1 42 (29) 1,470
Net fee income/(expense) ........... 164 279 160 1 (9) – 595
Trading income excluding net
interest income ....................... 68 94 208 –3 – 373
Net interest income/(expense)
on trading activities ................ – 2 30 –(44) 29 17
Net trading income/(expense)78 .. 68 96 238 – (41) 29 390
Net income from financial
instruments designated at
fair value ................................. – – – – (12) – (12)
Gains less losses from
financial investments .............. – – 9 – – – 9
Dividend income ......................... – – 5 – – – 5
Other operating income/
(expense) ................................ (16) 21 14 1 47 (94) (27)
Total operating income ............ 813 888 793 3 27 (94) 2,430
Net insurance claims86 ................ – – – – – – –
Net operating income21 ............. 813 888 793 3 27 (94) 2,430
Loan impairment charges and
other credit risk provisions ..... (55) (110) (119) (2) – – (286)
Net operating income ............... 758 778 674 1 27 (94) 2,144
Total operating expenses ............ (561) (311) (264) – (124) 94 (1,166)
Operating profit/(loss) .............. 197 467 410 1 (97) – 978
Share of profit in associates
and joint ventures ................... 55 120 171 9 17 – 372
Profit/(loss) before tax .............. 252 587 581 10 (80) – 1,350
% % % % % %
Share of HSBC’s profit
before tax ................................ 1.2 2.8 2.8 – (0.3) 6.5
Cost efficiency ratio ................... 69.0 35.0 33.3 – 459.3 48.0
Balance sheet data74
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 5,828 13,559 8,699 – – 28,086
Total assets ................................. 6,562 15,651 36,582 50 6,840 (3,080) 62,605
Customer accounts ...................... 19,802 12,826 6,880 3 72 39,583