HSBC 2015 Annual Report Download - page 77

HSBC HOLDINGS PLC
75
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
2014
Retail
Banking
and Wealth
Management28
$m
Commercial
Banking28
$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) 17,130 10,158 7,022 994 (501) (98) 34,705
Net fee income/(expense) 6,836 4,570 3,560 1,056 (65) − 15,957
Trading income/(expense) excluding
net interest income (26) 618 4,063 298 (100) − 4,853
Net interest income/(expense) on
trading activities 9 (2) 1,798 (4) 8 98 1,907
Net trading income/(expense)40 (17) 616 5,861 294 (92) 98 6,760
Changes in fair value of long-term debt
issued and related derivatives
− − − − 508 − 508
Net income/(expense) from other
financial instruments designated
at fair value 1,684 279 12 (1) (9) − 1,965
Net income/(expense) from financial
instruments designated at fair value 1,684 279 12 (1) 499 − 2,473
Gains less losses from financial
investments 14 31 1,117 9 164 − 1,335
Dividend income 24 18 80 5 184 − 311
Net insurance premium income 10,609 1,257 5 50 − − 11,921
Other operating income 726 241 124 33 6,176 (6,169) 1,131
Total operating income 37,006 17,170 17,781 2,440 6,365 (6,169) 74,593
Net insurance claims45 (11,857) (1,422) (3) (63) − − (13,345)
Net operating income1 25,149 15,748 17,778 2,377 6,365 (6,169) 61,248
Loan impairment (charges)/recoveries
and other credit risk provisions (1,936) (1,558) (365) 8 − − (3,851)
Net operating income 23,213 14,190 17,413 2,385 6,365 (6,169) 57,397
Employee expenses46 (5,126) (2,351) (3,655) (732) (8,502) − (20,366)
Other operating expenses (12,904) (4,630) (8,373) (1,046) (99) 6,169 (20,883)
Total operating expenses (18,030) (6,981) (12,028) (1,778) (8,601) 6,169 (41,249)
Operating profit/(loss) 5,183 7,209 5,385 607 (2,236) − 16,148
Share of profit in associates
and joint ventures 398 1,605 504 19 6 − 2,532
Profit/(loss) before tax 5,581 8,814 5,889 626 (2,230) − 18,680
% % % % % %
Share of HSBC’s profit before tax 29.9 47.2 31.5 3.4 (12.0) 100.0
Cost efficiency ratio 71.7 44.3 67.7 74.8 135.1 67.3
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 360,704 313,039 254,463 44,102 2,352 974,660
–
reported in held for sale 198 −288 91
–
577
Total assets 500,864 370,958 1,839,644 88,342 164,537 (330,206) 2,634,139
Customer accounts 583,757 361,318 319,121 85,465 981 1,350,642
–
reported in held for sale − − − 145
–
145
For footnotes, see page 99.