HSBC 2012 Annual Report Download - page 112

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Geographical regions > North America / Latin America
110
North America RBWM – profit/(loss) before tax and balance sheet data
2012 2011
Card and
Retail
Services
US$m
Run-off
portfolios
US$m
Rest of
RBWM
US$m
North
America
RBWM
US$m
Card and
Retail
Services
US$m
Run-off
portfolios
US$m
Rest of
RBWM
US$m
North
America
RBWM
US$m
Profit/(loss) before tax
Net interest income .................... 1,267 2,563 1,651 5,481 4,128 2,990 1,813 8,931
Net fee income/(expense) .......... 395 33 495 923 1,273 (49) 612 1,836
Trading income/(expense)
excluding net interest income – (226) 10 (216) – (1,145) 199 (946)
Net interest income on
trading activities .................... – –17 17 – – 25 25
Net trading income/(expense)78 . – (226) 27 (199) – (1,145) 224 (921)
Gains less losses from
financial investments ............. – – 27 27 – 55 3 58
Dividend income ........................ – 3 12 15 – 5 10 15
Net earned insurance premiums . – – 193 193 – 230 6 236
Gains on disposal of US branch
network and cards business ... 3,148 – 587 3,735 – – – –
Other operating income
/(expense) .............................. 7 23 143 173 61 (185) (1) (125)
Total operating income ........... 4,817 2,396 3,135 10,348 5,462 1,901 2,667 10,030
Net insurance claims86 ............... – – (148) (148) – (156) 2 (154)
Net operating income21 ............ 4,817 2,396 2,987 10,200 5,462 1,745 2,669 9,876
Loan impairment charges and
other credit risk provisions .... (322) (2,569) (350) (3,241) (1,600) (4,982) (347) (6,929)
Net operating income/
(expense) ............................... 4,495 (173) 2,637 6,959 3,862 (3,237) 2,322 2,947
Total operating expenses ........... (729) (1,103) (2,134) (3,966) (1,801) (1,238) (2,576) (5,615)
Operating profit/(loss) ............. 3,766 (1,276) 503 2,993 2,061 (4,475) (254) (2,668)
Share of profit in associates
and joint ventures .................. – 2 – 2 – 3 – 3
Profit/(loss) before tax ............. 3,766 (1,274) 503 2,995 2,061 (4,472) (254) (2,665)
% % % % % % % %
Share of HSBC’s profit
before tax ............................... 18.2 (6.2) 2.4 14.5 9.4 (20.4) (1.2) (12.2)
Cost efficiency ratio .................. 15.1 46.0 71.4 38.9 33.0 70.9 96.5 56.9
Balance sheet data74
US$m US$m US$m US$m US$m US$m US$m US$m
Loans and advances to customers
(net) reported in:
– loans and advances to
customers ........................... – 34,260 42,154 76,414 – 43,543 42,947 86,490
– assets held for sale ............ – 3,463 436 3,899 29,137 – 1,921 31,058
Total assets ................................ – 54,382 46,721 101,103 30,635 56,830 56,813 144,278
Customer accounts reported in:
– customer accounts ............. – – 57,758 57,758 – – 63,558 63,558
– liabilities of disposal
groups held for sale ........... – – – – – – 10,104 10,104
For footnotes, see page 120.