HSBC 2015 Annual Report Download - page 83

HSBC HOLDINGS PLC
81
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
2014
Retail
Banking
and Wealth
Management
$m
Commercial
Banking
$m
Global
Banking and
Markets
$m
Global
Private
Banking
$m
Other
$m
Inter-
segment
elimination44
$m
Total
$m
Profit/(loss) before tax
Net interest income/(expense) 5,196 3,616 1,956 594 (654) (97) 10,611
Net fee income/(expense) 2,456 1,900 1,087 626 (27) − 6,042
Trading income/(expense) excluding
net interest income (260) 33 1,943 140 (92) − 1,764
Net interest income/(expense)
on trading activities 14 2 660 (4) 1 97 770
Net trading income/(expense)40 (246) 35 2,603 136 (91) 97 2,534
Changes in fair value of long-term debt
issued and related derivatives − − − − 614 − 614
Net income/(expense) from other
financial instruments designated at
fair value 616 119 14 (1) (11) − 737
Net income/(expense) from financial
instruments designated at fair value 616 119 14 (1) 603 − 1,351
Gains less losses from financial
investments 12 10 730 9 11 − 772
Dividend income 3 7 50 2 3 − 65
Net insurance premium income 2,741 217 −50 − − 3,008
Other operating income/(expense) (127) 45 (3) 29 1,249 (186) 1,007
Total operating income 10,651 5,949 6,437 1,445 1,094 (186) 25,390
Net insurance claims45 (3,450) (306) −(63) − − (3,819)
Net operating income1 7,201 5,643 6,437 1,382 1,094 (186) 21,571
Loan impairment (charges)/recoveries
and other credit risk provisions (268) (502) − 4 2 − (764)
Net operating income 6,933 5,141 6,437 1,386 1,096 (186) 20,807
Total operating expenses (6,621) (2,594) (6,391) (1,071) (3,726) 186 (20,217)
Operating profit/(loss) 312 2,547 46 315 (2,630) − 590
Share of profit in associates
and joint ventures 2 1 3 − − − 6
Profit/(loss) before tax 314 2,548 49 315 (2,630) − 596
% %%%% %
Share of HSBC’s profit before tax 1.7 13.6 0.3 1.7 (14.1) 3.2
Cost efficiency ratio 91.9 46.0 99.3 77.5 340.6 93.7
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 165,112 106,342 113,136 24,766 377 409,733
Total assets 221,679 120,819 948,951 64,676 64,182 (129,381) 1,290,926
Customer accounts 202,413 135,837 166,075 41,380 254 545,959
For footnotes, see page 99.