HSBC 2012 Annual Report Download - page 31

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Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Consolidated income statement
Five-year summary consolidated income statement
2012
US$m
2011
US$m
2010
US$m
2009
US$m
2008
US$m
Net interest income ...................................................................... 37,672 40,662 39,441 40,730 42,563
Net fee income ............................................................................. 16,430 17,160 17,355 17,664 20,024
Net trading income ...................................................................... 7,091 6,506 7,210 9,863 6,560
Net income/(expense) from financial instruments
designated at fair value ........................................................... (2,226) 3,439 1,220 (3,531) 3,852
Gains less losses from financial investments .............................. 1,189 907 968 520 197
Dividend income .......................................................................... 221 149 112 126 272
Net earned insurance premiums .................................................. 13,044 12,872 11,146 10,471 10,850
Gains on disposal of French regional banks ............................... – – – – 2,445
Gains on disposal of US branch network,
US cards business and Ping An .............................................. 7,024 – – – –
Other operating income ............................................................... 2,100 1,766 2,562 2,788 1,808
Gains arising from dilution of interests in associates
and joint ventures ............................................................... –208 188 – –
Other ........................................................................................ 2,100 1,558 2,374 2,788 1,808
Total operating income ............................................................. 82,545 83,461 80,014 78,631 88,571
Net insurance claims incurred and movement in liabilities to
policyholders ................................................................................ (14,215) (11,181) (11,767) (12,450) (6,889)
Net operating income before loan impairment charges
and other credit risk provisions .......................................... 68,330 72,280 68,247 66,181 81,682
Loan impairment charges and other credit risk provisions ......... (8,311) (12,127) (14,039) (26,488) (24,937)
Net operating income ................................................................ 60,019 60,153 54,208 39,693 56,745
Total operating expenses34 ........................................................... (42,927) (41,545) (37,688) (34,395) (49,099)
Operating profit ......................................................................... 17,092 18,608 16,520 5,298 7,646
Share of profit in associates and joint ventures ........................... 3,557 3,264 2,517 1,781 1,661
Profit before tax ......................................................................... 20,649 21,872 19,037 7,079 9,307
Tax expense ................................................................................. (5,315) (3,928) (4,846) (385) (2,809)
Profit for the year ...................................................................... 15,334 17,944 14,191 6,694 6,498
Profit attributable to shareholders of the parent company .......... 14,027 16,797 13,159 5,834 5,728
Profit attributable to non-controlling interests ............................ 1,307 1,147 1,032 860 770
Five-year financial information
US$ US$ US$ US$ US$
Basic earnings per share35 ............................................................ 0.74 0.92 0.73 0.34 0.41
Diluted earnings per share35 ......................................................... 0.74 0.91 0.72 0.34 0.41
Basic earnings excluding goodwill impairment per share34,35 ..... 0.74 0.92 0.73 0.34 1.19
Dividends per ordinary share1 ..................................................... 0.41 0.39 0.34 0.34 0.93
% % % % %
Dividend payout ratio36 ...............................................................
– reported ..................................................................................... 55.4 42.4 46.6 100.0 226.8
– excluding goodwill impairment34 ............................................. 55.4 42.4 46.6 100.0 78.2
Post-tax return on average total assets ........................................ 0.6 0.65 0.57 0.27 0.26
Return on average ordinary shareholders’ equity ....................... 8.4 10.9 9.5 5.1 4.7
Average foreign exchange translation rates to US$:
US$1: £ ........................................................................................ 0.631 0.624 0.648 0.641 0.545
US$1: € ........................................................................................ 0.778 0.719 0.755 0.719 0.684
For footnotes, see page 120.