HSBC 2015 Annual Report Download - page 52

Report of the Directors: Financial summary (continued)
Consolidated income statement / Group performance by income and expense item
HSBC HOLDINGS PLC
50
Consolidated income statement
Five-year summary consolidated income statement
2015
$m
2014
$m
2013
$m
2012
$m
2011
$m
Net interest income 32,531 34,705 35,539 37,672 40,662
Net fee income 14,705 15,957 16,434 16,430 17,160
Net trading income 8,723 6,760 8,690 7,091 6,506
Net income/(expense) from financial instruments designated
at fair value 1,532 2,473 768 (2,226) 3,439
Gains less losses from financial investments 2,068 1,335 2,012 1,189 907
Dividend income 123 311 322 221 149
Net insurance premium income 10,355 11,921 11,940 13,044 12,872
Gains on disposal of US branch network, US cards business and
Ping An Insurance (Group) Company of China, Ltd – – – 7,024 –
Other operating income 1,055 1,131 2,632 2,100 1,766
Total operating income 71,092 74,593 78,337 82,545 83,461
Net insurance claims and benefits paid and movement in
liabilities to policyholders (11,292) (13,345) (13,692) (14,215) (11,181)
Net operating income before loan impairment charges
and other credit risk provisions 59,800 61,248 64,645 68,330 72,280
Loan impairment charges and other credit risk provisions (3,721) (3,851) (5,849) (8,311) (12,127)
Net operating income 56,079 57,397 58,796 60,019 60,153
Total operating expenses (39,768) (41,249) (38,556) (42,927) (41,545)
Operating profit 16,311 16,148 20,240 17,092 18,608
Share of profit in associates and joint ventures 2,556 2,532 2,325 3,557 3,264
Profit before tax 18,867 18,680 22,565 20,649 21,872
Tax expense (3,771) (3,975) (4,765) (5,315) (3,928)
Profit for the year 15,096 14,705 17,800 15,334 17,944
Profit attributable to shareholders of the parent company 13,522 13,688 16,204 14,027 16,797
Profit attributable to non-controlling interests 1,574 1,017 1,596 1,307 1,147
Five-year financial information
2015
$
2014
$
2013
$
2012
$
2011
$
Basic earnings per share 0.65 0.69 0.84 0.74 0.92
Diluted earnings per share 0.64 0.69 0.84 0.74 0.91
Dividends per ordinary share3 0.50 0.49 0.48 0.41 0.39
%%% % %
Dividend payout ratio4 76.5 71.0 57.1 55.4 42.4
Post-tax return on average total assets 0.6 0.5 0.7 0.6 0.6
Return on average ordinary shareholders’ equity 7.2 7.3 9.2 8.4 10.9
Average foreign exchange translation rates to $:
$1: £ 0.654 0.607 0.639 0.631 0.624
$1: € 0.902 0.754 0.753 0.778 0.719
For footnotes, see page 99.
Unless stated otherwise, all tables in the Annual Report and Accounts 2015 are presented on a reported basis.
For a summary of our financial performance in 2015, see page 22.