HSBC 2015 Annual Report Download - page 97

HSBC HOLDINGS PLC
95
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
2014
Retail
Banking
and Wealth
Management28
$m
Commercial
Banking28
$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 3,671 1,181 490 19 9 (60) 5,310
Net fee income 939 301 147 28 − − 1,415
Trading income/(expense) excluding
net interest income 125 101 391 3 (1) − 619
Net interest income/(expense) on
trading activities 1 4 174 − (2) 60 237
Net trading income/(expense)40 126 105 565 3 (3) 60 856
Changes in fair value of long-term debt
issued and related derivatives − − − − − − −
Net income from other financial
instruments designated at fair value 525 166 − − − − 691
Net income from financial instruments
designated at fair value 525 166 − − − − 691
Gains less losses from financial
investments − − 84 − − − 84
Dividend income 6 2 1 − − − 9
Net insurance premium income 1,272 246 5 − − − 1,523
Other operating income 61 40 19 −213 (184) 149
Total operating income 6,600 2,041 1,311 50 219 (184) 10,037
Net insurance claims45 (1,428) (334) (3) − − − (1,765)
Net operating income1 5,172 1,707 1,308 50 219 (184) 8,272
Loan impairment charges and other
credit risk provisions (1,208) (659) (252) (5) − − (2,124)
Net operating income 3,964 1,048 1,056 45 219 (184) 6,148
Total operating expenses (4,124) (1,041) (606) (49) (296) 184 (5,932)
Operating profit/(loss) (160) 7 450 (4) (77) − 216
Share of profit in associates
and joint ventures − − − − − − −
Profit/(loss) before tax (160) 7 450 (4) (77) − 216
% % % % % %
Share of HSBC’s profit before tax (0.8) −2.4 −(0.5) 1.1
Cost efficiency ratio 79.7 61.0 46.3 98.0 135.2 71.7
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 13,266 19,118 10,642 96
–
43,122
Total assets 30,855 28,070 55,827 298 1,155 (851) 115,354
Customer accounts 25,392 12,789 8,219 2,188 − 48,588
For footnotes, see page 99.