HSBC 2004 Annual Report Download - page 107

105
Profit/(loss) excluding goodwill amortisation by customer group
Year ended 31 December 2004
North America
Personal
Financial
Services
US$m
Consumer
Finance4
US$m
Total
Personal
Financial
Services
US$m
Commercial
Banking
US$m
Corporate,
Investment
Banking &
Markets
US$m
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination
US$m
Total
US$m
Net interest
income/(expense) ......... 2,498 10,541 13,039 1,146 664 166 (102) – 14,913
Dividend income ............... 4913–19–––32
Net fees and commissions . 829 1,828 2,657 302 492 176 (92) – 3,535
Dealing profits .................. 54 – 54 15 364 6 – – 439
Other income ..................... 92 765 857 159 82 4 1,067 (1,011) 1,158
Other operating income ..... 979 2,602 3,581 476 957 186 975 (1,011) 5,164
Operating income ............ 3,477 13,143 16,620 1,622 1,621 352 873 (1,011) 20,077
Operating expenses
excluding goodwill
amortisation1 ................. (2,270) (4,470) (6,740) (749) (1,014) (294) (1,101) 1,011 (8,887)
Operating profit/(loss)
before provisions1 ....... 1,207 8,673 9,880 873 607 58 (228) – 11,190
Provisions for bad and
doubtful debts ............... (99) (5,136) (5,235) (13) 60 2 – – (5,186)
Provisions for contingent
liabilities and
commitments ................ (13) – (13) (20) (8) – (1) – (42)
Operating profit/(loss)1 ... 1,095 3,537 4,632 840 659 60 (229) – 5,962
Share of operating
profit/(loss)
in associates2 ................ – – – – (16) – 8 – (8)
Gains on disposal of
investments and tangible
fixed assets ................... 69 39 108 5 107 6 – – 226
Profit/(loss) on ordinary
activities before tax3 .... 1,164 3,576 4,740 845 750 66 (221) – 6,180
%%%%%%% %
Share of HSBC’ s pre-tax
profits3 .......................... 6.0 18.4 24.4 4.3 3.9 0.3 (1.1) 31.8
Cost:income ratio1 ............. 65.3 34.0 40.6 46.2 62.6 83.5 126.1 44.3
US$m US$m US$m US$m US$m US$m US$m US$m
Selected balance sheet
data5 ............................
Loans and advances to
customers (net) ............. 65,850 126,543 192,393 26,844 26,142 3,871 1 249,251
Total assets ....................... 77,054 150,633 227,687 31,426 106,785 4,548 31 370,477
Customer accounts ............ 50,659 506 51,165 27,167 46,745 7,822 1 132,900
The following assets and
liabilities were also
significant to the customer
groups noted:
Loans and advances to
banks (net) .................... 23,814
Debt securities, treasury
bills and other eligible
bills .............................. 45,688
Deposits by banks ............. 14,887
Debt securities in issue ...... 113,729
Goodwill amortisation
excluded:
1from (1) above .............. 125 475 600 79 57 25 – 761
2from (2) above .............. – – – – – – – –
3from (3) above .............. 125 475 600 79 57 25 – 761
4Comprises HSBC Finance Corporation’s consumer finance business and the US residential mortgages and credit card portfolios acquired by HSBC Bank
USA from HSBC Finance Corporation and its correspondents since December 2003.
5Third party only.