HSBC 2015 Annual Report Download - page 376

Notes on the Financial Statements (continued)
11 – Segmental analysis
HSBC HOLDINGS PLC
374
Profit/(loss) for the year
Europe Asia MENA
North
America
Latin
America
Intra-
HSBC items Total
$m $m $m $m $m $m $m
2015
Net interest income 10,005 12,184 1,531 4,532 4,318 (39) 32,531
Net fee income 4,891 6,032 633 2,018 1,131 − 14,705
Net trading income 4,060 3,090 325 545 664 39 8,723
Other income 2,102 3,997 76 562 479 (3,375) 3,841
Net operating income1 21,058 25,303 2,565 7,657 6,592 (3,375) 59,800
Loan impairment (charges)/recoveries
and other credit risk provisions (690) (693) (299) (544) (1,495) − (3,721)
Net operating income 20,368 24,610 2,266 7,113 5,097 (3,375) 56,079
Employee compensation and benefits (7,872) (6,105) (718) (3,113) (2,092) − (19,900)
General and administrative expenses (10,849) (4,164) (478) (3,168) (2,378) 3,375 (17,662)
Depreciation and impairment of
property, plant and equipment (552) (410) (26) (165) (116) − (1,269)
Amortisation and impairment of
intangible assets (460) (210) (12) (55) (200) − (937)
Total operating expenses (19,733) (10,889) (1,234) (6,501) (4,786) 3,375 (39,768)
Operating profit 635 13,721 1,032 612 311 − 16,311
Share of profit in associates and joint ventures 8 2,042 505 2 (1) − 2,556
Profit before tax 643 15,763 1,537 614 310 − 18,867
Tax expense (1,095) (2,346) (336) 80 (74) − (3,771)
Profit/(loss) for the year (452) 13,417 1,201 694 236 − 15,096
2014
Net interest income 10,611 12,273 1,519 5,015 5,310 (23) 34,705
Net fee income 6,042 5,910 650 1,940 1,415 − 15,957
Net trading income 2,534 2,622 314 411 856 23 6,760
Other income 2,384 2,872 65 786 691 (2,972) 3,826
Net operating income1 21,571 23,677 2,548 8,152 8,272 (2,972) 61,248
Loan impairment (charges)/recoveries
and other credit risk provisions (764) (647) 6 (322) (2,124) − (3,851)
Net operating income 20,807 23,030 2,554 7,830 6,148 (2,972) 57,397
Employee compensation and benefits (8,191) (5,862) (676) (3,072) (2,565) − (20,366)
General and administrative expenses (11,076) (3,959) (500) (3,108) (2,894) 2,972 (18,565)
Depreciation and impairment of
property, plant and equipment (543) (389) (28) (180) (242) − (1,382)
Amortisation and impairment of
intangible assets (407) (217) (12) (69) (231) − (936)
Total operating expenses (20,217) (10,427) (1,216) (6,429) (5,932) 2,972 (41,249)
Operating profit 590 12,603 1,338 1,401 216 − 16,148
Share of profit in associates and joint ventures 6 2,022 488 16 − − 2,532
Profit before tax 596 14,625 1,826 1,417 216 − 18,680
Tax expense (853) (2,542) (339) (195) (46) − (3,975)
Profit/(loss) for the year (257) 12,083 1,487 1,222 170 − 14,705