12th Aug 2011 16:20
Analysis by customer group and global business
HSBC profit/(loss) before tax and balance sheet data
Half-year to 30 June 2011 | |||||||||||||
Retail Bankingand Wealth Management US$m |
| Commercial Banking US$m |
| Global BankingandMarkets US$m |
| GlobalPrivate Banking US$m |
| Other38 US$m |
| Inter- segment elimination52 US$m |
| Total US$m | |
Net interest income/ (expense) ...... | 12,086 | 4,814 | 3,603 | 729 | (481) | (516) | 20,235 | ||||||
Net fee income . | 4,212 | 2,131 | 1,730 | 731 | 3 | 8,807 | |||||||
Trading income/(expense) excluding net interest income .......... | 166 | 280 | 2,830 | 198 | (243) | - | 3,231 | ||||||
Net interest income on trading activities ....... | 22 | 16 | 997 | 9 | 21 | 516 | 1,581 | ||||||
Net trading income/ (expense)45 .... | 188 | 296 | 3,827 | 207 | (222) | 516 | 4,812 | ||||||
Net income/(expense) from financial instruments designated at fair value ....... | 343 | 55 | (212) | - | (286) | - | (100) | ||||||
Gains less losses from financial investments ... | 70 | 2 | 414 | (3) | 2 | - | 485 | ||||||
Dividend income ...................... | 14 | 8 | 39 | 4 | 22 | - | 87 | ||||||
Net earned insurance premiums ...... | 5,698 | 985 | 23 | - | (6) | - | 6,700 | ||||||
Other operating income .......... | 688 | 263 | 280 | 21 | 2,997 | (2,964) | 1,285 | ||||||
Total operating income ......... | 23,299 | 8,554 | 9,704 | 1,689 | 2,029 | (2,964) | 42,311 | ||||||
Net insurance claims53 ......... | (5,727) | (874) | (15) | - | (1) | - | (6,617) | ||||||
Net operating income41 ......
| 17,572 | 7,680 | 9,689 | 1,689 | 2,028 | (2,964) | 35,694 | ||||||
Loan impairment (charges)/ recoveries and other credit risk provisions ...................... | (4,270) | (642) | (334) | (22) | 2 | - | (5,266) | ||||||
Net operating income ......... | 13,302 | 7,038 | 9,355 | 1,667 | 2,030 | (2,964) | 30,428 | ||||||
Employee expenses54 ..... | (3,169) | (1,210) | (2,396) | (688) | (3,058) | - | (10,521) | ||||||
Other operating expenses ........ | (7,577) | (2,255) | (2,464) | (429) | (228) | 2,964 | (9,989) | ||||||
Total operating expenses ........ | (10,746) | (3,465) | (4,860) | (1,117) | (3,286) | 2,964 | (20,510) | ||||||
Operating profit/(loss) . | 2,556 | 3,573 | 4,495 | 550 | (1,256) | - | 9,918 | ||||||
Share of profit in associates and joint ventures | 570 | 616 | 316 | 2 | 52 | - | 1,556 | ||||||
Profit/(loss) before tax .... | 3,126 | 4,189 | 4,811 | 552 | (1,204) | - | 11,474 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profit before tax ................ | 27.3 | 36.5 | 41.9 | 4.8 | (10.5) | 100.0 | |||||||
Cost efficiency ratio .............. | 61.2 | 45.1 | 50.2 | 66.1 | 162.0 | 57.5 | |||||||
Balance sheet data39 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances to customers (net) ......... | 400,944 | 268,037 | 321,061 | 44,612 | 3,234 | 1,037,888 | |||||||
Total assets ....... | 557,952 | 336,094 | 1,942,835 | 122,888 | 189,912 | (458,694) | 2,690,987 | ||||||
Customer accounts ........ | 541,998 | 301,169 | 359,757 | 115,245 | 818 | 1,318,987 | |||||||
Half-year to 30 June 2010 | |||||||||||||
Retail Bankingand Wealth Management16 US$m |
| Commercial Banking US$m |
| Global Banking and Markets16 US$m |
| GlobalPrivate Banking US$m |
| Other38 US$m |
| Inter- segment elimination52 US$m |
| Total US$m | |
Net interest income/ (expense) ........ | 12,194 | 4,024 | 3,724 | 646 | (537) | (294) | 19,757 | ||||||
Net fee income ... | 4,060 | 1,935 | 1,879 | 643 | 1 | - | 8,518 | ||||||
Trading income/(expense) excluding net interest income ........................ | (391) | 222 | 2,866 | 209 | (597) | - | 2,309 | ||||||
Net interest income on trading activities ......... | 15 | 11 | 888 | 10 | 25 | 294 | 1,243 | ||||||
Net trading income/ (expense)45 ..... | (376) | 233 | 3,754 | 219 | (572) | 294 | 3,552 | ||||||
Net income/(expense) from financial instruments designated at fair value ........ | (127) | 26 | 8 | - | 1,178 | - | 1,085 | ||||||
Gains less losses from financial investments .... | 1 | 3 | 507 | 11 | 35 | - | 557 | ||||||
Dividend income | 14 | 5 | 22 | 3 | 15 | - | 59 | ||||||
Net earned insurance premiums ........ | 4,954 | 696 | 21 | - | (5) | - | 5,666 | ||||||
Other operating income ........... | 405 | 355 | 420 | 21 | 3,114 | (2,837) | 1,478 | ||||||
Total operating income ........... | 21,125 | 7,277 | 10,335 | 1,543 | 3,229 | (2,837) | 40,672 | ||||||
Net insurance claims53 .......... | (4,572) | (537) | (15) | - | 3 | - | (5,121) | ||||||
Net operating income41 ......... | 16,553 | 6,740 | 10,320 | 1,543 | 3,232 | (2,837) | 35,551 | ||||||
Loan impairment charges and other credit risk provisions ....... ...... | (6,318) | (705) | (499) | - | (1) | - | (7,523) | ||||||
Net operating income ........... | 10,235 | 6,035 | 9,821 | 1,543 | 3,231 | (2,837) | 28,028 | ||||||
Employee expenses54 ...... | (2,757) | (1,063) | (2,347) | (609) | (3,030) | - | (9,806) | ||||||
Other operating (expenses)/income .............. | (6,592) | (2,203) | (2,260) | (358) | 271 | 2,837 | (8,305) | ||||||
Total operating expenses ......... | (9,349) | (3,266) | (4,607) | (967) | (2,759) | 2,837 | (18,111) | ||||||
Operating profit . | 886 | 2,769 | 5,214 | 576 | 472 | - | 9,917 | ||||||
Share of profit/(loss) in associates and joint ventures . | 466 | 435 | 238 | (20) | 68 | - | 1,187 | ||||||
Profit before tax | 1,352 | 3,204 | 5,452 | 556 | 540 | - | 11,104 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profit before tax .................. | 12.1 | 28.9 | 49.1 | 5.0 | 4.9 | 100.0 | |||||||
Cost efficiency ratio ............... | 56.5 | 48.5 | 44.6 | 62.7 | 85.4 | 50.9 | |||||||
Balance sheet data39 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances to customers (net) ........................ | 377,478 | 207,763 | 268,495 | 36,590 | 3,011 | 893,337 | |||||||
Total assets ........ | 510,092 | 264,077 | 1,774,639 | 108,499 | 189,153 | (428,006) | 2,418,454 | ||||||
Customer accounts ......... | 488,251 | 263,616 | 290,672 | 104,025 | 757 | 1,147,321 | |||||||
HSBC profit/(loss) before tax and balance sheet data (continued)
Half-year to 31 December 2010 | |||||||||||||
Retail Bankingand Wealth Management16 US$m |
| Commercial Banking US$m |
| Global Banking and Markets16 US$m |
| GlobalPrivate Banking US$m |
| Other38 US$m |
| Inter- segment elimination52 US$m |
| Total US$m | |
Net interest income/(expense) ...... | 11,972 | 4,463 | 3,619 | 699 | (461) | (608) | 19,684 | ||||||
Net fee income . ...... | 4,337 | 2,029 | 1,785 | 656 | 30 | - | 8,837 | ||||||
Trading income excludingnet interest income .......... | 285 | 205 | 1,460 | 182 | 239 | - | 2,371 | ||||||
Net interest income ontrading activities ....... | 13 | 17 | 616 | 11 | 22 | 608 | 1,287 | ||||||
Net trading income45 ....... | 298 | 222 | 2,076 | 193 | 261 | 608 | 3,658 | ||||||
Net income/(expense) from financial instruments designated at fair value ....... | 1,337 | 164 | 28 | - | (1,394) | - | 135 | ||||||
Gains less losses fromfinancial investments ... | (25) | (4) | 356 | (17) | 101 | - | 411 | ||||||
Dividend income ...................... | 13 | 7 | 26 | 2 | 5 | - | 53 | ||||||
Net earned insurancepremiums ...... | 4,783 | 683 | 20 | - | (6) | - | 5,480 | ||||||
Other operating income .......... | 279 | 230 | 693 | 17 | 2,891 | (3,026) | 1,084 | ||||||
Total operating income .......... | 22,994 | 7,794 | 8,603 | 1,550 | 1,427 | (3,026) | 39,342 | ||||||
Net insurance claims53 ......... | (5,936) | (700) | (11) | - | 1 | - | (6,646) | ||||||
Net operating income41 ....... | 17,058 | 7,094 | 8,592 | 1,550 | 1,428 | (3,026) | 32,696 | ||||||
Loan impairment (charges)/ recoveries and other credit risk provisions .................. | (4,941) | (1,100) | (491) | 12 | 4 | - | (6,516) | ||||||
Net operating income .......... | 12,117 | 5,994 | 8,101 | 1,562 | 1,432 | (3,026) | 26,180 | ||||||
Employee expenses54 ..... | (3,013) | (1,090) | (2,006) | (628) | (3,293) | - | (10,030) | ||||||
Other operating (expenses)/ income .......... | (7,177) | (2,475) | (2,615) | (440) | 134 | 3,026 | (9,547) | ||||||
Total operating expenses ........ | (10,190) | (3,565) | (4,621) | (1,068) | (3,159) | 3,026 | (19,577) | ||||||
Operating profit/(loss) ... | 1,927 | 2,429 | 3,480 | 494 | (1,727) | - | 6,603 | ||||||
Share of profit in associatesand joint ventures | 560 | 457 | 283 | 4 | 26 | - | 1,330 | ||||||
Profit/(loss) before tax ...... | 2,487 | 2,886 | 3,763 | 498 | (1,701) | - | 7,933 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profitbefore tax ...... | 31.4 | 36.4 | 47.4 | 6.3 | (21.5) | 100.0 | |||||||
Cost efficiency ratio .............. | 59.7 | 50.3 | 53.8 | 68.9 | 221.2 | 59.9 | |||||||
Balance sheet data39 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances to customers (net) .............. | 390,963 | 239,286 | 284,497 | 40,665 | 2,955 | 958,366 | |||||||
Total assets ....... | 530,970 | 296,797 | 1,755,043 | 116,846 | 161,458 | (406,425) | 2,454,689 | ||||||
Customer accounts ........ | 525,221 | 286,007 | 308,416 | 107,130 | 951 | 1,227,725 | |||||||
For footnotes, see page 81.
Related Shares:
HSBC Holdings