HSBC 2015 Annual Report Download - page 87

HSBC HOLDINGS PLC
85
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 before tax
Net interest income/(expense) 5,003 3,439 3,579 177 (16) 91 12,273
Net fee income 2,792 1,529 1,311 272 6 − 5,910
Trading income/(expense) excluding
net interest income 216 382 1,220 142 (5) − 1,955
Net interest income/(expense)
on trading activities (13) (9) 771 − 9 (91) 667
Net trading income40 203 373 1,991 142 4 (91) 2,622
Changes in fair value of long-term debt
issued and related derivatives − − − − (4) − (4)
Net income/(expense) from other
financial instruments designated
at fair value 543 (6) (2) − 2 − 537
Net income/(expense) from financial
instruments designated at fair value 543 (6) (2) − (2) − 533
Gains less losses from financial
investments 1 5 46 − 148 − 200
Dividend income 1 −1−177 − 179
Net insurance premium income 6,596 794 − − − − 7,390
Other operating income 516 95 141 3 2,734 (1,158) 2,331
Total operating income 15,655 6,229 7,067 594 3,051 (1,158) 31,438
Net insurance claims45 (6,979) (782) − − − − (7,761)
Net operating income1 8,676 5,447 7,067 594 3,051 (1,158) 23,677
Loan impairment (charges)/recoveries
and other credit risk provisions (317) (228) (103) 1 − − (647)
Net operating income 8,359 5,219 6,964 595 3,051 (1,158) 23,030
Total operating expenses (4,191) (1,897) (2,686) (384) (2,427) 1,158 (10,427)
Operating profit 4,168 3,322 4,278 211 624 − 12,603
Share of profit in associates
and joint ventures 304 1,420 298 − − − 2,022
Profit before tax 4,472 4,742 4,576 211 624 − 14,625
% %%%% %
Share of HSBC’s profit before tax 23.9 25.4 24.5 1.1 3.4 78.3
Cost efficiency ratio 48.3 34.8 38.0 64.6 79.5 44.0
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 115,643 132,509 99,934 12,894 1,975 362,955
Total assets 166,577 158,747 548,865 14,905 79,477 (89,848) 878,723
Customer accounts 286,670 155,608 104,896 29,847 470 577,491
For footnotes, see page 99.