HSBC 2005 Annual Report Download - page 115

11 3
Interest expense
2005 compared with 2004
Increase/(decrease)
2005 Volume Rate 2004
US$m US$m US$m US$m
Customer accounts
Europe HSBC Bank .............................................................. 5,359 411 962 3,986
HSBC Private Banking Holdings (Suisse) ................ 622 56 189 377
HSBC France ........................................................... 611 64
(
28
)
575
Hong Kong Hang Seng Bank ....................................................... 874 3 581 290
The Hongkong and Shanghai Banking
Corporation .......................................................... 1,322 12 918 392
Rest of Asia-Pacific The Hongkong and Shanghai Banking
Corporation .......................................................... 1,293 133 269 891
HSBC Bank Malaysia ............................................... 157 10
(
4
)
151
HSBC Bank Middle East .......................................... 207 27 120 60
North America HSBC Bank USA ..................................................... 1,385 103 602 680
HSBC Bank Canada ................................................. 475 66 58 351
HSBC Mexico .......................................................... 188
(
97
)
(
92
)
377
South America Brazilian operations1 ................................................ 1,859 728 289 842
HSBC Bank Argentina ............................................ 28 – 1 27
Other operations ........................................................................................... 1,273
(
190
)
545 918
15,653 670 5,066 9,917
Financial liabilities designated at fair value – own debt issued................ 2,037
Debt securities in issue
Europe HSBC Bank .............................................................. 1,817 96 618 1,103
HSBC France ........................................................... 314
(
53
)
(
67
)
434
HSBC Finance .......................................................... 77
(
9
)
(
77
)
163
Hong Kong Hang Seng Bank ....................................................... 53 6 17 30
The Hongkong and Shanghai Banking
Corporation ..........................................................
–
(
437
)
–
437
Rest of Asia-Pacific The Hongkong and Shanghai Banking
Corporation .......................................................... 315 52 34 229
HSBC Bank Malaysia ............................................... 16 10
(
2
)
8
North America HSBC Bank USA ..................................................... 1,073 487 210 376
HSBC Finance .......................................................... 3,399
(
689
)
1,337 2,751
HSBC Bank Canada ................................................. 268 54 49 165
HSBC Mexico .......................................................... 285 38 113 134
South America Brazilian operations1 ................................................ 67 7
(
5
)
65
HSBC Bank Argentina ............................................ 1
(
6
)
–
7
Other operations ........................................................................................... 90
(
146
)
2234
7,775
(
857
)
2,496 6,136
Footnotes to ‘Average balance sheet and net interest income’
1Brazilian operations comprise HSBC Bank Brasil S.A.-Banco Múltiplo and subsidiaries, plus Banco Lloyds TSB S.A. and Losango
Promotora de Vendas Limitada.
2 Interest income on trading assets is reported as ‘Net trading income’ in the consolidated income statement in 2005.
3Interest income on financial assets designated at fair value is reported as ‘Net income from financial instruments designated at fair
value’ in the consolidated income statement.
4Further analysis is given on page 179.
5Further analysis is given on page 180.
6Interest expense on financial liabilities designated at fair value is reported as ‘Net income on financial liabilities designated at fair
value’ in the consolidated income statement other than interest on own debt.
7Excludes eliminations (see note (iii)).