18th Mar 2016 16:20
Summary | 65 |
Reconciliation of 2015 and 2014 reported and adjusted items for global businesses | 66 |
Retail Banking and Wealth Management | 68 |
Commercial Banking | 70 |
Global Banking and Markets | 71 |
Global Private Banking | 72 |
Other | 73 |
Analysis by global business | 74 |
Summary
HSBC reviews operating activity on a number of bases, including by geographical region and by global business.
The tables and charts below present global businesses followed by geographical regions (page 76). Performance is analysed in this order because certain strategic themes, business initiatives and trends affect more than one geographical region. All tables are on a reported basis unless stated otherwise.
Basis of preparation The results of global businesses 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 global business data includes internal allocations 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 operational business lines. While such allocations have been made on a systematic and consistent basis, they necessarily involve a degree of subjectivity. Those costs which are not allocated to global businesses are included in 'Other'. Where relevant, income and expense amounts presented include the results of inter-segment funding along with inter-company and inter-business line transactions. All such transactions are undertaken on arm's length terms. 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. For the purposes of the presentation by global business, the cost of the levy is included in 'Other'. |
Profit/(loss) before tax
2015 | 2014 |
| 2013 |
| |||||||||
$m |
| % | $m |
| % |
| $m |
| % | ||||
|
|
| |||||||||||
Retail Banking and Wealth Management28 | 4,967 | 26.3 | 5,581 | 29.9 | 6,553 | 29.1 | |||||||
Commercial Banking28 | 7,973 | 42.3 | 8,814 | 47.2 | 8,537 | 37.8 | |||||||
Global Banking and Markets | 7,910 | 41.9 | 5,889 | 31.5 | 9,441 | 41.8 | |||||||
Global Private Banking | 344 | 1.8 | 626 | 3.4 | 193 | 0.9 | |||||||
Other29 | (2,327) | (12.3) | (2,230) | (12.0) | (2,159) | (9.6) | |||||||
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Year ended 31 December | 18,867 | 100.0 | 18,680 | 100.0 | 22,565 | 100.0 | |||||||
Total assets30
2015 | 2014 | |||||||
$m |
| % | $m |
| % | |||
|
|
|
|
|
| |||
Retail Banking and Wealth Management | 473,284 |
| 19.6 | 500,864 | 19.0 | |||
Commercial Banking | 365,290 |
| 15.2 | 370,958 | 14.1 | |||
Global Banking and Markets | 1,616,704 |
| 67.1 | 1,839,644 | 69.8 | |||
Global Private Banking | 81,448 |
| 3.4 | 88,342 | 3.4 | |||
Other | 147,417 |
| 6.1 | 164,537 | 6.2 | |||
Intra-HSBC items | (274,487) |
| (11.4) | (330,206) | (12.5) | |||
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|
| ||||||
At 31 December | 2,409,656 |
| 100.0 | 2,634,139 | 100.0 | |||
Risk-weighted assets
| 2015 |
| 2014 | |||||
| $bn |
| % |
| $bn |
| % | |
|
|
|
|
|
|
|
| |
Retail Banking and Wealth Management | 189.5 |
| 17.2 |
| 207.2 | 17.0 | ||
Commercial Banking | 421.0 |
| 38.2 |
| 430.3 | 35.3 | ||
Global Banking and Markets | 440.6 |
| 39.9 |
| 516.1 | 42.3 | ||
Global Private Banking | 19.3 |
| 1.7 |
| 20.8 | 1.7 | ||
Other | 32.6 |
| 3.0 |
| 45.4 | 3.7 | ||
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At 31 December | 1,103.0 |
| 100.0 | 1,219.8 | 100.0 | |||
For footnotes, see page 99.
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