HSBC 2015 Annual Report Download - page 76

Report of the Directors: Group businesses (continued)
Analysis by global business
HSBC HOLDINGS PLC
74
Analysis by global business
HSBC profit/(loss) before tax and balance sheet data
2015
Retail
Banking
and Wealth
Management
$m
Commercial
Banking
$m
Global
Banking and
Markets
$m
Global
Private
Banking
$m
Other29
$m
Inter-
segment
elimination44
$m
Total
$m
Profit/(loss) before tax
Net interest income/(expense) 15,926 9,859 6,931 870 (710) (345) 32,531
Net fee income/(expense) 6,218 4,190 3,375 959 (37) − 14,705
Trading income/(expense) excluding
net interest income
540 571 5,714 327 (204) − 6,948
Net interest income/(expense) on
trading activities
(19) (16) 1,455 (2) 12 345 1,775
Net trading income/(expense)40 521 555 7,169 325 (192) 345 8,723
Changes in fair value of long-term debt
issued and related derivatives
− − − − 863 − 863
Net income/(expense) from other
financial instruments designated
at fair value 556 110 (58) − 61 − 669
Net income/(expense) from financial
instruments designated at fair value
556 110 (58) − 924 − 1,532
Gains less losses from financial
investments
68 37 598 23 1,342 − 2,068
Dividend income 23 16 40 11 33 − 123
Net insurance premium income 9,204 1,106 542 (2) − 10,355
Other operating income 972 252 177 36,246 (6,595) 1,055
Total operating income 33,488 16,125 18,237 2,233 7,604 (6,595) 71,092
Net insurance claims45 (9,972) (1,255) (4) (61) − − (11,292)
Net operating income1 23,516 14,870 18,233 2,172 7,604 (6,595) 59,800
Loan impairment charges and other
credit risk provisions
(1,939) (1,770) − (12) − − (3,721)
Net operating income 21,577 13,100 18,233 2,160 7,604 (6,595) 56,079
Employee expenses46 (4,966) (2,443) (3,735) (654) (8,102) − (19,900)
Other operating expenses (12,054) (4,301) (7,099) (1,178) (1,831) 6,595 (19,868)
Total operating expenses (17,020) (6,744) (10,834) (1,832) (9,933) 6,595 (39,768)
Operating profit/(loss) 4,557 6,356 7,399 328 (2,329) − 16,311
Share of profit in associates
and joint ventures
410 1,617 511 16 2 − 2,556
Profit/(loss) before tax 4,967 7,973 7,910 344 (2,327) − 18,867
% % % % % %
Share of HSBC’s profit before tax 26.3 42.3 41.9 1.8 (12.3) 100.0
Cost efficiency ratio 72.4 45.4 59.4 84.3 130.6 66.5
Balance sheet data22,30
$m $m $m $m $m $m
Loans and advances to customers (net) 340,009 302,240 236,932 42,942 2,331 924,454
–
reported in held for sale 5,258 8,010 3,689 85 1,979 19,021
Total assets 473,284 365,290 1,616,704 81,448 147,417 (274,487) 2,409,656
Customer accounts 584,872 361,701 261,728 80,404 881 1,289,586
–
reported in held for sale 7,758 3,363 2,551 3,010 − 16,682