HSBC 2003 Annual Report Download - page 66

HSBC HOLDINGS PLC
Financial Review (continued)
64
By geographical region:
In the analysis of profit by geographical region which follows, operating income and operating expenses include
intra-HSBC items of US$422 million in 2003, US$326 million in 2002 and US$257 million in 2001.
Profit/(loss) on ordinary activities before tax
Year ended 31 December
2003 2002 2001
Total Household10 Rest of HSBC
US$m % US$m % US$m % US$m % US$m %
Europe................. 3,969 30.9 134 7.3 3,835 34.9 3,500 36.3 3,542 44.3
Hong Kong.......... 3,728 29.1 – – 3,728 33.9 3,710 38.4 3,883 48.5
Rest of Asia-
Pacific.............. 1,391 10.9 – – 1,391 12.7 1,260 13.1 1,088 13.6
North America..... 3,613 28.2 1,693 92.7 1,920 17.5 1,238 12.8 503 6.3
South America..... 115 0.9 – – 115 1.0 (58) (0.6
)
(1,016) (12.7)
Total ................... 12,816 100.0 1,827 100.0 10,989 100.0 9,650 100.0 8,000 100.0
Included within
the above:
Princeton
settlement11 ...... –– –– –– ––(575) (7.2
)
Argentina
provisions12 ..... (9
)
(0.1
)
–– (9)(0.1
)
––
(1,120) (14.0
)
Profit/(loss) on ordinary activities before tax excluding goodwill amortisation
Year ended 31 December
2003 2002 2001
Total Household10 Rest of HSBC
US$m % US$m % US$m % US$m % US$m %
Europe................. 4,862 33.7 157 7.1 4,705 38.6 4,160 39.5 4,182 47.5
Hong Kong.......... 3,730 25.9 – – 3,730 30.6 3,710 35.3 3,883 44.1
Rest of Asia-
Pacific.............. 1,426 9.9 – – 1,426 11.7 1,293 12.3 1,096 12.4
North America..... 4,257 29.6 2,051 92.9 2,206 18.1 1,384 13.2 648 7.4
South America..... 126 0.9 – – 126 1.0 (34) (0.3
)
(1,002) (11.4)
Total ................... 14,401 100.0 2,208 100.0 12,193 100.0 10,513 100.0 8,807 100.0
Included within
the above:
Princeton
settlement11 ...... –– –– –– ––(575) (6.5
)
Argentina
provisions12 ..... (9
)
(0.1) – – (9) (0.1) – – (1,120) (12.7
)
Total assets
At 31 December
2003 20028
Total Household10 Rest of HSBC
US$m % US$m
%
%US$m %
Europe............................. 425,312 41.6 10,665 7.2 414,647 47.4 341,569 45.6
Hong Kong7..................... 197,487 19.3 – −
−−
−197,487 22.5 180,433 24.1
Rest of Asia-Pacific......... 98,081 9.6 – −
−−
−98,081 11.2 76,635 10.2
North America................. 289,800 28.3 136,727 92.8 153,073 17.5 142,032 19.0
South America................. 12,549 1.2 – −
−−
−12,549 1.4 8,491 1.1
Total................................ 1,023,229 100.0 147,392 100.0 875,837. 100.0 749,160 100.0
For above footnotes, see page 65.