HSBC 2007 Annual Report Download - page 61

59
Hong Kong
Profit/(loss) before tax by customer groups and global businesses
Year ended 31 December
2007
US$m
2006
US$m
2005
US$m
Personal Financial Services ............................................................................. 4,212 2,880 2,628
Commercial Banking ....................................................................................... 1,619 1,321 955
Global Banking and Markets ........................................................................... 1,578 955 922
Private Banking ............................................................................................... 305 201 190
Other ................................................................................................................ (375) (175) (178)
7,339 5,182 4,517
Profit before tax
Year ended 31 December
2007
US$m
2006
US$m
2005
US$m
Net interest income .......................................................................................... 5,483 4,685 4,064
Net fee income ................................................................................................. 3,362 2,056 1,674
Net trading income .......................................................................................... 1,242 617 546
Net income/(expense) from financial instruments designated at fair value ... 676 260 (6)
Gains less losses from financial investments .................................................. 94 162 108
Dividend income .............................................................................................. 31 61 41
Net earned insurance premiums ...................................................................... 2,797 2,628 2,334
Other operating income ................................................................................... 845 834 805
Total operating income ................................................................................. 14,530 11,303 9,566
Net insurance claims incurred and movement in liabilities to policyholders . (3,208) (2,699) (2,059)
Net operating income before loan impairment charges and other
credit risk provisions ................................................................................. 11,322 8,604 7,507
Loan impairment charges and other credit risk provisions ............................. (231) (172) (146)
Net operating income .................................................................................... 11,091 8,432 7,361
Total operating expenses ................................................................................. (3,780) (3,269) (2,867)
Operating profit ............................................................................................. 7,311 5,163 4,494
Share of profit in associates and joint ventures ............................................... 28 19 23
Profit before tax ............................................................................................. 7,339 5,182 4,517
% % %
Share of HSBC’s profit before tax .................................................................. 30.3 23.5 21.5
Cost efficiency ratio ........................................................................................ 33.4 38.0 38.2
Year-end staff numbers (full-time equivalent) ................................................ 27,655 27,586 25,931
Balance sheet data7
At 31 December
2007 2006 2005
US$m US$m US$m
Loans and advances to customers (net) ........................................................... 89,638 84,282 83,208
Loans and advances to banks (net) .................................................................. 63,737 50,359 42,751
Trading assets, financial instruments designated at fair value, and
financial investments ................................................................................... 102,180 103,734 81,631
Total assets ...................................................................................................... 332,691 272,428 235,376
Deposits by banks ............................................................................................ 6,420 4,799 4,708
Customer accounts ........................................................................................... 234,488 196,691 173,726
For footnote, see page 130.