18th Mar 2016 16:24
Summary | 76 |
Reconciliation of 2015 and 2014 reported and adjusted items for geographical regions | 77 |
Europe | 79 |
Asia | 82 |
Middle East and North Africa | 86 |
North America | 89 |
Latin America | 92 |
Summary
Additional information on results in 2015 may be found in the Financial Summary on pages 48 to 64.
In the analysis of profit and loss by geographical regions that follows, operating income and operating expenses include intra‑HSBC items of $3,375m (2014: $2,972m; 2013: $2,628m).
All tables are on a reported basis unless otherwise stated.
Basis of preparation The results of the geographical regions are presented in accordance with the accounting policies used in the preparation of HSBC's consolidated financial statements. Our operations are closely integrated, and accordingly, the presentation of the geographical data includes internal allocation of certain items of income and expense. These allocations include the costs of certain support services and global functions to the extent that they can be meaningfully attributed to geographical regions. While such allocations have been done on a systematic and consistent basis, they necessarily involve a degree of subjectivity. Where relevant, income and expense amounts presented include the results of inter-segment funding along with inter-company transactions. All such transactions are undertaken on an arm's length basis. The expense of the UK bank levy is included in the Europe geographical region as HSBC regards the levy as a cost of being headquartered in the UK. |
Profit/(loss) before tax
2015 |
| 2014 |
| 2013 |
| ||||||||
$m |
| % |
| $m |
| % |
| $m |
| % | |||
|
|
|
|
|
|
|
|
|
|
| |||
Europe | 643 | 3.4 | 596 | 3.2 | 1,825 | 8.1 | |||||||
Asia | 15,763 | 83.5 | 14,625 | 78.3 | 15,853 | 70.3 | |||||||
Middle East and North Africa | 1,537 | 8.1 | 1,826 | 9.8 | 1,694 | 7.5 | |||||||
North America | 614 | 3.3 | 1,417 | 7.6 | 1,221 | 5.4 | |||||||
Latin America | 310 | 1.7 | 216 | 1.1 | 1,972 | 8.7 | |||||||
|
|
|
|
|
|
|
| ||||||
Year ended 31 December | 18,867 | 100.0 | 18,680 | 100.0 | 22,565 | 100.0 | |||||||
Total assets30
2015 | 2014 | |||||||
$m | % | $m |
| % | ||||
|
|
| ||||||
Europe | 1,129,365 | 46.9 | 1,290,926 | 49.0 | ||||
Asia | 889,747 | 36.9 | 878,723 | 33.4 | ||||
Middle East and North Africa | 59,236 | 2.5 | 62,417 | 2.4 | ||||
North America | 393,960 | 16.3 | 436,859 | 16.6 | ||||
Latin America | 86,262 | 3.6 | 115,354 | 4.4 | ||||
Intra-HSBC items | (148,914) | (6.2) | (150,140) | (5.8) | ||||
At 31 December | 2,409,656 | 100.0 | 2,634,139 | 100.0 | ||||
Risk-weighted assets47
2015 | 2014 | |||||||
$bn | % | $bn |
| % | ||||
At 31 December | 1,103.0 | 100.0 | 1,219.8 | 100.0 | ||||
| ||||||||
Europe | 337.4 | 30.6 | 375.4 | 30.1 | ||||
Asia | 459.7 | 41.7 | 499.8 | 40.0 | ||||
Middle East and North Africa | 60.4 | 5.5 | 63.0 | 5.0 | ||||
North America | 191.6 | 17.4 | 221.4 | 17.8 | ||||
Latin America | 73.4 | 6.7 | 88.8 | 7.1 | ||||
For footnotes, see page 99.
Related Shares:
HSBC Holdings