HSBC 2007 Annual Report Download - page 17

15
Year ended 31 December 2007 compared with year ended 31 December 2006
HSBC
2006
as
reported
US$m
Currency
translation1
US$m
2006
at 2007
exchange
rates
US$m
Acquisitions,
disposals
and dilution
gains2
US$m
Underlying
change
US$m
2007
as
reported
US$m
Reported
change
%
Underlying
change
%
Net interest income .......... 34,486 1,086 35,572 791 1,432 37,795 10 4
Net fee income ................. 17,182 750 17,932 6 4,064 22,002 28 23
Other income3 .................. 13,698 733 14,431 1,060 3,705 19,196 40 26
Net operating income4 ... 65,366 2,569 67,935 1,857 9,201 78,993 21 14
Loan impairment charges
and other credit risk
provisions .................... (10,573) (243) (10,816) (133) (6,293) (17,242) (63) (58)
Net operating income .... 54,793 2,326 57,119 1,724 2,908 61,751 13 5
Operating expenses .......... (33,553) (1,536) (35,089) (395) (3,558) (39,042) (16) (10)
Operating profit ............. 21,240 790 22,030 1,329 (650) 22,709 7 (3)
Income from associates ... 846 20 866 (41) 678 1,503 78 78
Profit before tax ............. 22,086 810 22,896 1,288 28 24,212 10 –
Year ended 31 December 2006 compared with year ended 31 December 2005
HSBC
2005
as
reported
US$m
Currency
translation1
US$m
2005
at 2006
exchange
rates
US$m
Acqui-
sitions and
disposals2
US$m
Underlying
change
US$m
2006
as
reported
US$m
Reported
change
%
Underlying
change
%
Net interest income .......... 31,334 263 31,597 605 2,284 34,486 10 7
Net fee income ................. 14,456 159 14,615 263 2,304 17,182 19 16
Other income3 .................. 11,847 273 12,120 27 1,551 13,698 16 13
Net operating income4 ..... 57,637 695 58,332 895 6,139 65,366 13 11
Loan impairment charges
and other credit risk
provisions .................... (7,801) (88) (7,889) (309) (2,375) (10,573) (36) (30)
Net operating income ...... 49,836 607 50,443 586 3,764 54,793 10 8
Operating expenses .......... (29,514) (392) (29,906) (383) (3,264) (33,553) (14) (11)
Operating profit ............... 20,322 215 20,537 203 500 21,240 5 2
Income from associates ... 644 10 654 144 48 846 31 7
Profit before tax ............... 20,966 225 21,191 347 548 22,086 5 3
For footnotes, see page 130.