HSBC 2015 Annual Report Download - page 86

Report of the Directors: Geographical regions (continued)
Asia
HSBC HOLDINGS PLC
84
Profit before tax and balance sheet data – Asia
2015
Retail
Banking
and Wealth
Management
$m
Commercial
Banking
$m
Global
Banking and
Markets
$m
Global
Private
Banking
$m
Other
$m
Inter-
segment
elimination44
$m
Total
$m
Profit before tax
Net interest income/(expense) 5,132 3,613 3,373 175 (70) (39) 12,184
Net fee income 2,939 1,466 1,304 310 13 − 6,032
Trading income excluding net interest
income 225 352 1,801 127 13 − 2,518
Net interest income/(expense)
on trading activities (23) (11) 559 1 7 39 572
Net trading income40 202 341 2,360 128 20 39 3,090
Changes in fair value of long-term debt
issued and related derivatives − − − − 5 − 5
Net income/(expense) from other
financial instruments designated
at fair value (329) (30) 10 − 14 − (335)
Net income/(expense) from financial
instruments designated at fair value (329) (30) 10 − 19 − (330)
Gains less losses from financial
investments 35 23 117 − 1,384 − 1,559
Dividend income 2 −1 −25 − 28
Net insurance premium income
/(expense) 6,006 780 − − (2) − 6,784
Other operating income 659 149 146 2 2,878 (1,116) 2,718
Total operating income 14,646 6,342 7,311 615 4,267 (1,116) 32,065
Net insurance claims45 (5,925) (837) − − − − (6,762)
Net operating income1 8,721 5,505 7,311 615 4,267 (1,116) 25,303
Loan impairment (charges)/recoveries
and other credit risk provisions (307) (425) 40 − (1) − (693)
Net operating income 8,414 5,080 7,351 615 4,266 (1,116) 24,610
Total operating expenses (4,320) (2,020) (2,719) (363) (2,583) 1,116 (10,889)
Operating profit 4,094 3,060 4,632 252 1,683 − 13,721
Share of profit in associates
and joint ventures 292 1,448 302 − − − 2,042
Profit before tax 4,386 4,508 4,934 252 1,683 − 15,763
% %%%% %
Share of HSBC’s profit before tax 23.2 23.9 26.2 1.3 8.9 83.5
Cost efficiency ratio 49.5 36.7 37.2 59.0 60.5 43.0
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 117,807 130,513 93,007 13,144 1,904 356,375
Total assets 172,719 157,838 540,404 14,488 69,080 (64,782) 889,747
Customer accounts 303,536 165,202 100,998 28,685 199 598,620