HSBC 2012 Annual Report Download - page 93

91
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Profit/(loss) before tax and balance sheet data – Hong Kong
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$m
Profit/(loss) before tax
Net interest income/(expense) .... 2,851 1,629 1,087 149 (482) 82 5,316
Net fee income ............................ 1,769 850 548 155 13 – 3,335
Trading income/(expense)
excluding net interest
income .................................... 176 163 666 170 (2) – 1,173
Net interest income on
trading activities ..................... 10 2 352 –8 (82) 290
Net trading income78 ................... 186 165 1,018 170 6 (82) 1,463
Changes in fair value of long-
term debt issued and related
derivatives .............................. – – – – – – –
Net income/(expense) from
other financial instruments
designated at fair value ........... 511 (53) 23 –(34) – 447
Net income/(expense) from
financial instruments
designated at fair value ........... 511 (53) 23 – (34) – 447
Gains less losses from
financial investments .............. – – 2 7 313 – 322
Dividend income ......................... – 1 5 – 18 – 24
Net earned insurance premiums . 5,294 655 8 – – – 5,957
Other operating income .............. 711 253 77 13 1,152 (282) 1,924
Total operating income ............ 11,322 3,500 2,768 494 986 (282) 18,788
Net insurance claims86 ................ (5,757) (602) (7) – – – (6,366)
Net operating income21 ............. 5,565 2,898 2,761 494 986 (282) 12,422
Loan impairment (charges)/
recoveries and other credit
risk provisions ........................ (97) 3 17 3 – – (74)
Net operating income ............... 5,468 2,901 2,778 497 986 (282) 12,348
Total operating expenses ............ (1,819) (719) (1,263) (248) (1,081) 282 (4,848)
Operating profit/(loss) .............. 3,649 2,182 1,515 249 (95) – 7,500
Share of profit in associates
and joint ventures ................... 45 6 3 – 28 – 82
Profit/(loss) before tax .............. 3,694 2,188 1,518 249 (67) – 7,582
% % % % % %
Share of HSBC’s profit
before tax ................................ 17.9 10.6 7.3 1.2 (0.3) 36.7
Cost efficiency ratio ................... 32.7 24.8 45.7 50.2 109.6 39.0
Balance sheet data74
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 62,533 62,944 40,223 6,464 1,449 173,613
Total assets ................................. 96,185 72,056 256,295 20,705 81,085 (7,992) 518,334
Customer accounts ...................... 201,649 90,152 34,171 19,566 670 346,208