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Interim Report - 7 of 28

15th Aug 2014 16:21

RNS Number : 1935P

HSBC Holdings PLC

15 August 2014

Geographical regions

Summary .................................................................	61	Profit/(loss) before tax .................................................	61
		Total assets ..................................................................	62
		Risk-weighted assets .....................................................	62
Selected items included in profit before tax bygeographical region .................................................	62	Fair value movements arising from changes in own credit spreads ...........................................................	62
		Acquisitions, disposals and dilutions ............................	62

Europe ......................................................................	63
Economic background ................................................	63
Financial overview .....................................................	63
Country business highlights .........................................	64	Profit/(loss) before tax by country within global businesses ................................................................	64
Review of performance ..............................................	65	Profit/(loss) before tax and balance sheet data ............	67

Asia ...........................................................................	70
Economic background ................................................	70
Financial overview .....................................................	70
Country business highlights .........................................	71	Profit/(loss) before tax by country within global businesses ................................................................	71
		Analysis of mainland China..........................................	72
Review of performance ..............................................	72	Profit before tax and balance sheet data ......................	74

Middle East and North Africa .................................	77
Economic background ................................................	77
Financial overview .....................................................	77
Country business highlights .........................................	77	Profit/(loss) before tax by country within global businesses ................................................................	78
Review of performance ..............................................	79	Profit/(loss) before tax and balance sheet data ............	80

North America .........................................................	83
Economic background ................................................	83
Financial overview .....................................................	83
Country business highlights .........................................	84	Profit/(loss) before tax by country within global businesses ................................................................	84
Review of performance ..............................................	85	Profit/(loss) before tax and balance sheet data ............	86

Latin America ..........................................................	89
Economic background ................................................	89
Financial overview .....................................................	89
Country business highlights .........................................	90	Profit/(loss) before tax by country within global businesses ................................................................	90
Review of performance ..............................................	91	Profit/(loss) before tax and balance sheet data ............	92

Summary

In the analysis of profit and loss by geographical region that follows, operating income and operating expenses include intra‑HSBC items of US$1,439m (first half of 2013: US$1,236m; second half of 2013: US$1,392m).

From 1 January 2014, the geographical region 'Asia' replaced the geographical regions previously reported as 'Hong Kong' and 'Rest of Asia-Pacific'. This aligns with changes made to the financial information used internally to manage the business. Comparative data have been re-presented accordingly.

Profit/(loss) before tax

	Half-year to
	30 June 2014		30 June 2013		31 December 2013
	US$m	%	US$m	%	US$m	%

Europe ......................................................	2,258	18.3	2,768	19.7	(943)	(11.1)
Asia11 .......................................................	7,894	64.0	9,262	65.8	6,591	77.6
Middle East and North Africa ...................	989	8.0	909	6.5	785	9.2
North America .........................................	825	6.7	666	4.7	555	6.5
Latin America ..........................................	374	3.0	466	3.3	1,506	17.8

	12,340	100.0	14,071	100.0	8,494	100.0

For footnote, see page 96.

Total assets51

	At 30 June 2014		At 30 June 2013		At 31 December 2013
	US$m	%	US$m	%	US$m	%

Europe ......................................................	1,430,863	52.0	1,365,534	51.6	1,392,959	52.1
Asia11 ........................................................	874,334	31.8	799,842	30.2	831,791	31.1
Middle East and North Africa ...................	61,289	2.2	63,292	2.4	60,810	2.3
North America .........................................	437,706	15.9	473,218	17.9	432,035	16.2
Latin America ..........................................	125,630	4.6	123,032	4.7	113,999	4.3
Intra-HSBC items .....................................	(176,229)	(6.5)	(179,602)	(6.8)	(160,276)	(6.0)

	2,753,593	100.0	2,645,316	100.0	2,671,318	100.0

Risk-weighted assets68

	At 30 June 2014		At 30 June 2013		At 31 December 2013
	US$bn	%	US$bn	%	US$bn	%

Total ........................................................	1,248.6		1,104.8		1,092.7

Europe ......................................................	393.6	31.0	305.4	27.4	300.1	27.1
Asia11 ........................................................	481.1	37.9	413.1	37.0	430.7	38.9
Middle East and North Africa ...................	62.7	4.9	64.2	5.8	62.5	5.7
North America .........................................	236.9	18.6	236.4	21.1	223.8	20.2
Latin America ..........................................	96.8	7.6	96.7	8.7	89.5	8.1

Selected items included in profit before tax by geographical region

Fair value movements arising from changes in own credit spreads24

	Half-year to
	30 June	30 June	31 December
	2014	2013	2013
	US$m	US$m	US$m

Europe .........................................................................................................	(159)	3	(1,018)
Asia11 ...........................................................................................................	(5)	1	(3)
Middle East and North Africa .......................................................................	(6)	(1)	(3)
North America .............................................................................................	(45)	(22)	(203)

	(215)	(19)	(1,227)

Acquisitions, disposals and dilutions52

	Half-year to
	30 June	30 June	31 December
	2014	2013	2013
	US$m	US$m	US$m

Europe .........................................................................................................	-	(23)	40
Asia11 ...........................................................................................................	(32)	1,128	(143)
Middle East and North Africa .......................................................................	11	16	17
North America .............................................................................................	-	(120)	17
Latin America ..............................................................................................	16	60	1,136

	(5)	1,061	1,067

For footnotes, see page 96.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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