HSBC 2013 Annual Report Download - page 88
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HSBC BANK CANADA
86
8 Segment analysis (continued)
2013
$m
2012
$m
Commercial Banking
Net interest income ........................................................................................................ 675 710
Net fee income ............................................................................................................... 317 307
Net trading income ......................................................................................................... 28 31
Other operating loss ....................................................................................................... (31) (25)
Net operating income before loan impairment charges and other credit risk provisions 989 1,023
Loan impairment charges and other credit risk provisions ............................................ (124) (79)
Net operating income ..................................................................................................... 865 944
Total operating expenses ................................................................................................ (373) (377)
Operating profit .............................................................................................................. 492 567
Share of profit in associates ........................................................................................... 31 5
Profit before income tax expense ................................................................................... 523 572
Global Banking and Markets
Net interest income ........................................................................................................ 159 167
Net fee income ............................................................................................................... 83 87
Net trading income ......................................................................................................... 103 106
Gains less losses from financial investments ................................................................. 54 51
Other operating income .................................................................................................. 12
Gain on sale of full service brokerage ........................................................................... –8
Net operating income ..................................................................................................... 400 421
Total operating expenses ................................................................................................ (113) (112)
Profit before income tax expense ................................................................................... 287 309
Retail Banking and Wealth Management
Net interest income ........................................................................................................ 505 629
Net fee income ............................................................................................................... 203 207
Net trading income ......................................................................................................... 19 12
Gain less losses from financial investments .................................................................. 41
Other operating income .................................................................................................. 13 16
Gain on sale of full service brokerage ........................................................................... –80
Net operating income before loan impairment charges and other credit risk provisions 744 945
Loan impairment charges and other credit risk provisions ............................................ (64) (132)
Net operating income ..................................................................................................... 680 813
Operating expenses excluding restructuring charges ..................................................... (549) (589)
Restructuring charges ..................................................................................................... –(36)
Profit before income tax expense ................................................................................... 131 188
Other
Net interest expense ....................................................................................................... (28) (31)
Net trading income ......................................................................................................... 28 31
Net expense from financial instruments designated at fair value .................................. (5) (27)
Other operating income .................................................................................................. 33 31
Net operating income ....................................................................................................... 28 4
Total operating expenses ................................................................................................ (35) (44)
Loss before income tax expense .................................................................................... (7) (40)
Notes on the Consolidated Financial Statements (continued)
HSBC BANK CANADA