HSBC 2012 Annual Report Download - page 434

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
12 – Segmental analysis / 13 – Analysis of financial assets and liabilities
432
Other financial information
Net operating income by global business
RBWM1 CMB GB&M1 GPB Other2
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m
2012
Net operating income3 ................ 33,861 16,551 18,273 3,172 2,332 (5,859) 68,330
External .................................. 31,980 17,295 20,410 2,413 (3,768) – 68,330
Internal .................................... 1,881 (744) (2,137) 759 6,100 (5,859) –
2011
Net operating income3 ................ 33,533 15,611 17,057 3,292 9,145 (6,358) 72,280
External .................................. 32,024 15,362 19,881 2,207 2,806 – 72,280
Internal .................................... 1,509 249 (2,824) 1,085 6,339 (6,358) –
2010
Net operating income3 ................ 33,611 13,834 18,912 3,093 4,660 (5,863) 68,247
External .................................. 32,056 13,224 21,812 2,182 (1,027) – 68,247
Internal .................................... 1,555 610 (2,900) 911 5,687 (5,863) –
1 With effect from 1 March 2011, our Global Asset Management business was moved from Global Banking and Markets to Retail Banking
and Wealth Management.
2 The main items reported in the ‘Other’ category are certain property activities, unallocated investment activities, centrally held
investment companies, movements in fair value of own debt and HSBC’s holding company and financing operations. The ‘Other’
category also includes gains and losses on the disposal of certain significant subsidiaries or business units.
3 Net operating income before loan impairment charges and other credit risk provisions, also referred to as revenue. The table previously
reported net operating income after loan impairment charges and other credit risk provisions.
Information by country
2012 2011 2010
External
net
operating
income1,2
Non-
current
assets3
External
net
operating
income1,2
Non-
current
assets3
External
net
operating
income1,2
Non-
current
assets3
US$m US$m US$m US$m US$m US$m
UK ....................................................................... 9,149 18,391 16,058 21,414 14,171 19,661
Hong Kong ......................................................... 11,307 11,657 9,600 6,257 9,282 4,630
USA .................................................................... 11,779 6,718 12,972 3,830 14,032 6,669
France ................................................................. 2,881 11,074 2,747 10,790 3,345 10,914
Brazil ................................................................... 6,395 2,017 6,637 2,149 5,408 2,025
Other countries ................................................... 26,819 30,078 24,266 31,590 22,009 29,747
68,330 79,935 72,280 76,030 68,247 73,646
1 External net operating income is attributed to countries on the basis of the location of the branch responsible for reporting the results or
advancing the funds.
2 Net operating income before loan impairment charges and other credit risk provisions, also referred to as revenue. The table previously
reported net operating income after loan impairment charges and other credit risk provisions.
3 Non-current assets consist of property, plant and equipment, goodwill, other intangible assets, interests in associates and joint ventures
and certain other assets expected to be recovered more than twelve months after the reporting period.
13 Analysis of financial assets and liabilities by measurement basis
Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The
summary of significant accounting policies in Note 2 describes how the classes of financial instruments are measured,
and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the
carrying amounts of the financial assets and liabilities by category as defined in IAS 39 and by balance sheet heading.