HSBC 2012 Annual Report Download - page 117

115
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Profit/(loss) before tax and balance sheet data – Latin America
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$m
Profit/(loss) before tax
Net interest income/(expense) .... 4,145 2,173 993 30 (2) (355) 6,984
Net fee income ............................ 873 622 207 33 – – 1,735
Trading income excluding
net interest income ................. 85 99 398 3 1 – 586
Net interest income on
trading activities ..................... – – 29 –1 355 385
Net trading income78 ................... 85 99 427 3 2 355 971
Changes in fair value of long-
term debt issued and related
derivatives .............................. – – – – – – –
Net income from other financial
instruments designated at
fair value ................................. 503 163 1 –– – 667
Net income from financial
instruments designated at
fair value ................................. 503 163 1 – – – 667
Gains less losses from
financial investments .............. 75 21 131 – – – 227
Dividend income ......................... 9 5 1 – – – 15
Net earned insurance premiums . 1,985 450 17 – – – 2,452
Other operating income/(expense) 309 (9) 6 3 134 (190) 253
Total operating income ............ 7,984 3,524 1,783 69 134 (190) 13,304
Net insurance claims86 ................ (1,875) (469) (9) – – – (2,353)
Net operating income21 ............. 6,109 3,055 1,774 69 134 (190) 10,951
Loan impairment charges and
other credit risk provisions ..... (1,541) (581) (13) (2) – – (2,137)
Net operating income ............... 4,568 2,474 1,761 67 134 (190) 8,814
Total operating expenses ............ (3,960) (1,723) (608) (47) (282) 190 (6,430)
Operating profit/(loss) .............. 608 751 1,153 20 (148) – 2,384
Share of profit in associates
and joint ventures ................... – – – – – – –
Profit/(loss) before tax .............. 608 751 1,153 20 (148) – 2,384
% % % % % %
Share of HSBC’s profit
before tax ................................ 2.9 3.6 5.6 0.1 (0.7) 11.6
Cost efficiency ratio ................... 64.8 56.4 34.3 68.1 210.4 58.7
Balance sheet data74
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 17,236 25,379 10,903 91 – 53,609
Total assets ................................. 36,141 35,507 58,272 570 1,110 (323) 131,277
Customer accounts ...................... 28,688 20,834 12,604 4,430 – 66,556