15th Aug 2014 16:20
Analysis by global business
HSBC profit/(loss) before tax and balance sheet data
Half-year to 30 June 2014 | |||||||||||||
Retail Bankingand Wealth Management US$m |
| Commercial Banking US$m |
| Global BankingandMarkets US$m |
| GlobalPrivate Banking US$m |
| Other50 US$m |
| Inter- segment elimination65 US$m |
| Total US$m | |
Profit/(loss) before tax | |||||||||||||
Net interest income/ (expense) ...... | 8,427 | 5,184 | 3,602 | 536 | (221) | (123) | 17,405 | ||||||
Net fee income . | 3,291 | 2,413 | 1,939 | 533 | 1 | - | 8,177 | ||||||
Trading income/(expense) excluding net interest income .......... | (14) | 340 | 2,001 | 161 | (126) | - | 2,362 | ||||||
Net interest income/(expense) on trading activities ....... | 1 | (4) | 789 | (2) | 6 | 123 | 913 | ||||||
Net trading income/ (expense)59 .... | (13) | 336 | 2,790 | 159 | (120) | 123 | 3,275 | ||||||
Net income/(expense) from financial instruments designated at fair value ....... | 1,073 | 124 | 743 | 1 | (281) | - | 1,660 | ||||||
Gains less losses from financial investments ... | 8 | 24 | 462 | 12 | 440 | - | 946 | ||||||
Dividend income ...................... | 15 | 14 | 32 | 3 | 24 | - | 88 | ||||||
Net earned insurance premiums ...... | 5,480 | 636 | 2 | 19 | - | - | 6,137 | ||||||
Other operating income/ (expense) ...... | 378 | 81 | 222 | (7) | 2,814 | (2,950) | 538 | ||||||
Total operating income ......... | 18,659 | 8,812 | 9,792 | 1,256 | 2,657 | (2,950) | 38,226 | ||||||
Net insurance claims66 ......... | (6,336) | (696) | (1) | (26) | - | - | (7,059) | ||||||
Net operating income13 ...... | 12,323 | 8,116 | 9,791 | 1,230 | 2,657 | (2,950) | 31,167 | ||||||
Loan impairment (charges)/recoveries and other credit risk provisions ...................... ...................... | (1,225) | (562) | (49) | (6) | 1 | - | (1,841) | ||||||
Net operating income ......... | 11,098 | 7,554 | 9,742 | 1,224 | 2,658 | (2,950) | 29,326 | ||||||
Employee expenses67 ..... | (2,500) | (1,191) | (1,806) | (363) | (4,118) | - | (9,978) | ||||||
Other operating income/ (expense) ...... | (5,769) | (2,397) | (3,152) | (505) | 585 | 2,950 | (8,288) | ||||||
Total operating expenses ........ | (8,269) | (3,588) | (4,958) | (868) | (3,533) | 2,950 | (18,266) | ||||||
Operating profit/(loss) . | 2,829 | 3,966 | 4,784 | 356 | (875) | - | 11,060 | ||||||
Share of profit in associates and joint ventures | 216 | 805 | 249 | 8 | 2 | - | 1,280 | ||||||
Profit/(loss) before tax .... | 3,045 | 4,771 | 5,033 | 364 | (873) | - | 12,340 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profit before tax ................ | 24.7 | 38.7 | 40.8 | 2.9 | (7.1) | 100.0 | |||||||
Cost efficiency ratio .............. | 67.1 | 44.2 | 50.6 | 70.6 | 133.0 | 58.6 | |||||||
Balance sheet data51 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances to customers (net)3 ............ | 380,108 | 316,246 | 303,133 | 45,131 | 2,623 | 1,047,241 | |||||||
Total assets ....... | 523,729 | 377,374 | 2,043,767 | 99,379 | 170,802 | (461,458) | 2,753,593 | ||||||
Customer accounts3 ....... | 597,714 | 366,171 | 360,732 | 89,641 | 1,447 | 1,415,705 | |||||||
Half-year to 30 June 2013 | |||||||||||||
Retail Banking and Wealth Management US$m |
| Commercial Banking US$m |
| Global BankingandMarkets US$m |
| GlobalPrivate Banking US$m |
| Other50 US$m |
| Inter- segment elimination65 US$m |
| Total US$m | |
Profit/(loss) before tax | |||||||||||||
Net interest income/ (expense) ...... | 9,310 | 5,050 | 3,334 | 575 | (376) | (74) | 17,819 | ||||||
Net fee income . | 3,586 | 2,337 | 1,818 | 602 | 61 | − | 8,404 | ||||||
Trading income/(expense) excluding net interest income .......... | 275 | 343 | 4,577 | 226 | (191) | − | 5,230 | ||||||
Net interest income on trading activities ....... | − | 3 | 1,029 | 4 | 22 | 74 | 1,132 | ||||||
Net trading income/ (expense)59 .... | 275 | 346 | 5,606 | 230 | (169) | 74 | 6,362 | ||||||
Net income/(expense) from financial instruments designated at fair value ....... | 122 | 104 | (961) | − | (462) | − | (1,197) | ||||||
Gains less losses from financial investments ... | 48 | (6) | 597 | 4 | 1,213 | − | 1,856 | ||||||
Dividend income ...................... | 11 | 8 | 65 | 6 | 17 | − | 107 | ||||||
Net earned insurance premiums ...... | 5,469 | 748 | 3 | 6 | − | − | 6,226 | ||||||
Other operating income/ (expense) ...... | (92) | (19) | 201 | (267) | 3,866 | (2,743) | 946 | ||||||
Total operating income .......... | 18,729 | 8,568 | 10,663 | 1,156 | 4,150 | (2,743) | 40,523 | ||||||
Net insurance claims66 ......... | (5,440) | (705) | (1) | (5) | − | − | (6,151) | ||||||
Net operating income13 ........ | 13,289 | 7,863 | 10,662 | 1,151 | 4,150 | (2,743) | 34,372 | ||||||
Loan impairment charges and other credit risk provisions ...................... ...................... | (1,768) | (1,160) | (174) | (14) | − | − | (3,116) | ||||||
Net operating income .......... | 11,521 | 6,703 | 10,488 | 1,137 | 4,150 | (2,743) | 31,256 | ||||||
Employee expenses67 ..... | (2,651) | (1,163) | (1,882) | (381) | (3,419) | − | (9,496) | ||||||
Other operating income/ (expense) ...... | (5,800) | (2,174) | (3,125) | (654) | 107 | 2,743 | (8,903) | ||||||
Total operating expenses ........ | (8,451) | (3,337) | (5,007) | (1,035) | (3,312) | 2,743 | (18,399) | ||||||
Operating profit | 3,070 | 3,366 | 5,481 | 102 | 838 | − | 12,857 | ||||||
Share of profit in associates and joint ventures | 197 | 767 | 242 | 6 | 2 | − | 1,214 | ||||||
Profit before tax ...................... | 3,267 | 4,133 | 5,723 | 108 | 840 | − | 14,071 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profit before tax ................ | 23.2 | 29.4 | 40.7 | 0.8 | 5.9 | 100.0 | |||||||
Cost efficiency ratio .............. | 63.6 | 42.4 | 47.0 | 89.9 | 79.8 | 53.5 | |||||||
Balance sheet data51 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances to customers (net)3 ............ | 358,464 | 286,539 | 251,768 | 39,161 | 2,362 | 938,294 | |||||||
Total assets ....... | 504,205 | 350,503 | 1,992,770 | 114,883 | 176,122 | (493,167) | 2,645,316 | ||||||
Customer accounts3 ....... | 547,140 | 327,612 | 298,501 | 92,298 | 1,354 | 1,266,905 | |||||||
HSBC profit/(loss) before tax and balance sheet data (continued)
Half-year to 31 December 2013 | |||||||||||||
Retail Bankingand Wealth Management US$m |
| Commercial Banking US$m |
| Global Banking and Markets US$m |
| Global Private Banking US$m |
| Other50 US$m |
| Inter- segment elimination65 US$m |
| Total US$m | |
Profit before tax | |||||||||||||
Net interest income/(expense) ...... | 9,029 | 5,150 | 3,432 | 571 | (361) | (101) | 17,720 | ||||||
Net fee income . ...................... | 3,435 | 2,380 | 1,664 | 548 | 3 | − | 8,030 | ||||||
Trading income excluding net interest income .......... | 414 | 306 | 376 | 164 | 153 | − | 1,413 | ||||||
Net interest income/ (expense) on trading activities ....... | (3) | (3) | 798 | − | 22 | 101 | 915 | ||||||
Net trading income59 ....... | 411 | 303 | 1,174 | 164 | 175 | 101 | 2,328 | ||||||
Net income/(expense)from financialinstruments designatedat fair value ... | 1,516 | 228 | 1,560 | 4 | (1,342) | (1) | 1,965 | ||||||
Gains less losses fromfinancial investments ... | 7 | 7 | 150 | (7) | (1) | − | 156 | ||||||
Dividend income ...................... | 10 | 7 | 64 | 2 | 132 | − | 215 | ||||||
Net earned insurancepremiums ...... | 5,074 | 627 | 3 | 10 | − | − | 5,714 | ||||||
Other operating income .......... | 636 | 640 | 469 | 28 | 2,895 | (2,982) | 1,686 | ||||||
Total operating income .......... | 20,118 | 9,342 | 8,516 | 1,320 | 1,501 | (2,983) | 37,814 | ||||||
Net insurance claims66 ......... | (6,667) | (840) | (2) | (32) | − | − | (7,541) | ||||||
Net operating income13 ....... | 13,451 | 8,502 | 8,514 | 1,288 | 1,501 | (2,983) | 30,273 | ||||||
Loan impairment chargesand other credit risk provisions ..... ...................... | (1,459) | (1,224) | (33) | (17) | − | − | (2,733) | ||||||
Net operating income .......... | 11,992 | 7,278 | 8,481 | 1,271 | 1,501 | (2,983) | 27,540 | ||||||
Employee expenses67 ..... | (2,568) | (1,164) | (1,667) | (395) | (3,906) | − | (9,700) | ||||||
Other operating expenses ........ | (6,229) | (2,548) | (3,286) | (799) | (578) | 2,983 | (10,457) | ||||||
Total operating expenses ........ | (8,797) | (3,712) | (4,953) | (1,194) | (4,484) | 2,983 | (20,157) | ||||||
Operating profit/(loss) ... | 3,195 | 3,566 | 3,528 | 77 | (2,983) | − | 7,383 | ||||||
Share of profit/(loss) in associates and joint ventures | 187 | 742 | 190 | 8 | (16) | − | 1,111 | ||||||
Profit/(loss) before tax ...... | 3,382 | 4,308 | 3,718 | 85 | (2,999) | − | 8,494 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profitbefore tax ...... | 39.8 | 50.7 | 43.8 | 1.0 | (35.3) | 100.0 | |||||||
Cost efficiency ratio .............. | 65.4 | 43.7 | 58.2 | 92.7 | 298.7 | 66.6 | |||||||
Balance sheet data51 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances to customers (net)3 ............ | 375,086 | 297,852 | 272,473 | 44,224 | 2,454 | 992,089 | |||||||
Total assets ....... | 517,085 | 360,623 | 1,975,509 | 97,655 | 171,812 | (451,366) | 2,671,318 | ||||||
Customer accounts3 ....... | 579,994 | 354,298 | 328,800 | 96,770 | 1,435 | 1,361,297 | |||||||
For footnotes, see page 96.
Related Shares:
HSBC Holdings