HSBC 2015 Annual Report Download - page 339

HSBC HOLDINGS PLC
337
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Consolidated income statement
for the year ended 31 December 2015
2015 2014 2013
Notes $m $m $m
Interest income 47,189 50,955 51,192
Interest expense (14,658) (16,250) (15,653)
Net interest income 32,531 34,705 35,539
Fee income 18,016 19,545 19,973
Fee expense (3,311) (3,588) (3,539)
Net fee income 14,705 15,957 16,434
Trading income excluding net interest income 6,948 4,853 6,643
Net interest income on trading activities 1,775 1,907 2,047
Net trading income 8,723 6,760 8,690
Changes in fair value of long-term debt issued and related derivatives 863 508 (1,228)
Net income from other financial instruments designated at fair value 669 1,965 1,996
Net income from financial instruments designated at fair value 21,532 2,473 768
Gains less losses from financial investments 2,068 1,335 2,012
Dividend income 123 311 322
Net insurance premium income 310,355 11,921 11,940
Other operating income 1,055 1,131 2,632
Total operating income 71,092 74,593 78,337
Net insurance claims and benefits paid and movement in liabilities to policyholders 4(11,292) (13,345) (13,692)
Net operating income before loan impairment charges and other credit risk
provisions 59,800 61,248 64,645
Loan impairment charges and other credit risk provisions 5(3,721) (3,851) (5,849)
Net operating income 56,079 57,397 58,796
Employee compensation and benefits
6
(19,900) (20,366) (19,196)
General and administrative expenses (17,662) (18,565) (17,065)
Depreciation and impairment of property, plant and equipment (1,269) (1,382) (1,364)
Amortisation and impairment of intangible assets 20 (937) (936) (931)
Total operating expenses (39,768) (41,249) (38,556)
Operating profit 516,311 16,148 20,240
Share of profit in associates and joint ventures 19 2,556 2,532 2,325
Profit before tax 18,867 18,680 22,565
Tax expense 8(3,771) (3,975) (4,765)
Profit for the year 15,096 14,705 17,800
Profit attributable to shareholders of the parent company 13,522 13,688 16,204
Profit attributable to non-controlling interests 1,574 1,017 1,596
$$ $
Basic earnings per ordinary share 10 0.65 0.69 0.84
Diluted earnings per ordinary share 10 0.64 0.69 0.84
The accompanying notes on pages 347 to 469 form an integral part of these financial statements1.
For footnote, see page 346.