HSBC 2015 Annual Report Download - page 377

HSBC HOLDINGS PLC
375
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Profit/(loss) for the year (continued)
Europe Asia MENA
North
America
Latin
America
Intra-
HSBC items Total
$m $m $m $m $m $m $m
2013
Net interest income 10,693 11,432 1,486 5,742 6,186
–
35,539
Net fee income 6,032 5,936 622 2,143 1,701
–
16,434
Net trading income 4,423 2,026 357 948 936
–
8,690
Other income/(expense) (181) 5,038 38 (30) 1,745 (2,628) 3,982
Net operating income1 20,967 24,432 2,503 8,803 10,568 (2,628) 64,645
Loan impairment (charges)/recoveries
and other credit risk provisions (1,530) (498) 42 (1,197) (2,666) – (5,849)
Net operating income 19,437 23,934 2,545 7,606 7,902 (2,628) 58,796
Employee compensation and benefits (7,175) (5,666) (634) (3,098) (2,623)
–
(19,196)
General and administrative expenses (9,479) (3,660) (607) (3,051) (2,896) 2,628 (17,065)
Depreciation and impairment of
property, plant and equipment (559) (392) (35) (176) (202) – (1,364)
Amortisation and impairment of
intangible assets (400) (218) (13) (91) (209) – (931)
Total operating expenses (17,613) (9,936) (1,289) (6,416) (5,930) 2,628 (38,556)
Operating profit 1,824 13,998 1,256 1,190 1,972
–
20,240
Share of profit in associates and joint ventures 1 1,855 438 31
–
–
2,325
Profit before tax 1,825 15,853 1,694 1,221 1,972
–
22,565
Tax expense (1,279) (2,170) (328) (313) (675)
–
(4,765)
Profit for the year 546 13,683 1,366 908 1,297
–
17,800
1 Net operating income before loan impairment charges and other credit risk provisions, also referred to as revenue.
Other information about the 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 operating income1 21,058 25,303 2,565 7,657 6,592 (3,375) 59,800
–
external 19,778 23,477 2,559 7,386 6,600
–
59,800
–
inter-segment 1,280 1,826 6271 (8) (3,375)
–
Profit for the year includes the following
significant non-cash items:
Depreciation, amortisation and impairment 1,013 620 38 195 315
–
2,181
Loan impairment losses gross of recoveries
and other credit risk provisions 1,082 858 331 618 1,641
–
4,530
Changes in fair value of long-term debt and
related derivatives 671 5 6 181
–
–
863
2014
Net operating income1 21,571 23,677 2,548 8,152 8,272 (2,972) 61,248
–
external 20,450 22,071 2,524 7,937 8,266
–
61,248
–
inter-segment 1,121 1,606 24 215 6 (2,972)
–
Profit for the year includes the following
significant non-cash items:
Depreciation, amortisation and impairment 950 606 40 182 473
–
2,251
Loan impairment losses gross of recoveries
and other credit risk provisions 1,066 800 37 437 2,466
–
4,806
Changes in fair value of long-term debt and
related derivatives 614 (4) (3) (99)
–
–
508
2013
Net operating income1 20,967 24,432 2,503 8,803 10,568 (2,628) 64,645
–
external 20,108 22,853 2,497 8,569 10,618
–
64,645
–
inter-segment 859 1,579 6 234 (50) (2,628)
–
Profit for the year includes the following
significant non-cash items:
Depreciation, amortisation and impairment 957 610 48 303 412
–
2,330
Loan impairment losses gross of recoveries
and other credit risk provisions 2,165 665 45 1,321 2,949
–
7,145
Changes in fair value of long-term debt and
related derivatives (936) (1) (3) (288)
–
–
(1,228)
1 Net operating income before loan impairment charges and other credit risk provisions, also referred to as revenue.