HSBC 2015 Annual Report Download - page 93

HSBC HOLDINGS PLC
91
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
2014
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/(loss) before tax
Net interest income 2,645 1,455 587 204 157 (33) 5,015
Net fee income/(expense) 497 572 775 130 (34) − 1,940
Trading income/(expense) excluding
net interest income (165) 34 302 13 3 − 187
Net interest income on trading
activities 7 1 183 − − 33 224
Net trading income/(expense)40 (158) 35 485 13 3 33 411
Changes in fair value of long-term debt
issued and related derivatives − − − − (99) − (99)
Net income from other financial
instruments designated at
fair value − − − − − − −
Net expense from financial instruments
designated at fair value − − − − (99) − (99)
Gains less losses from financial
investments − 15 237 − 5 − 257
Dividend income 13 8 16 3 4 − 44
Net insurance premium income − − − − − − −
Other operating income 268 61 101 1 1,872 (1,719) 584
Total operating income 3,265 2,146 2,201 351 1,908 (1,719) 8,152
Net insurance claims45 − − − − − − −
Net operating income1 3,265 2,146 2,201 351 1,908 (1,719) 8,152
Loan impairment (charges)/recoveries
and other credit risk provisions (117) (148) (63) 8 (2) − (322)
Net operating income 3,148 1,998 2,138 359 1,906 (1,719) 7,830
Total operating expenses (2,516) (1,101) (2,250) (274) (2,007) 1,719 (6,429)
Operating profit/(loss) 632 897 (112) 85 (101) − 1,401
Share of profit in associates
and joint ventures − 16 − − − − 16
Profit/(loss) before tax 632 913 (112) 85 (101) − 1,417
% %%%% %
Share of HSBC’s profit before tax 3.4 4.9 (0.6) 0.5 (0.5) 7.6
Cost efficiency ratio 77.1 51.3 102.2 78.1 105.2 78.9
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 60,365 41,966 21,110 6,346
–
129,787
Total assets 74,680 48,411 319,819 8,386 16,823 (31,260) 436,859
Customer accounts 51,258 45,275 30,301 12,050
–
138,884
For footnotes, see page 99.