HSBC 2004 Annual Report Download - page 119

117
Year ended 31 December 2002
South America
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$m
Net interest income/(expense) ...... 539 126 (5) 6 (21) – 645
Dividend income ............................ – – 1 – 14 – 15
Net fees and commissions .............. 218 87 67 12 (60) – 324
Dealing profits/(losses) .................. 10 9 120 (3) 11 – 147
Other income/(expenses) ................ 11 4 (18) – 135 (22) 110
Other operating income .................. 239 100 170 9 100 (22) 596
Operating income ......................... 778 226 165 15 79 (22) 1,241
Operating expenses excluding
goodwill amortisation1 ............... (691) (147) (106) (17) (121) 22 (1,060)
Operating profit/(loss) before
provisions1................................. 87 79 59 (2) (42) – 181
Provisions for bad and doubtful
debts .......................................... (100) – (15) (7) 5 – (117)
Provisions for contingent liabilities
and commitments ....................... (19) – – – (80) – (99)
Amounts written off fixed asset
investments ................................ (1) – (22) – (13) – (36)
Operating profit/(loss)1 ................ (33) 79 22 (9) (130) – (71)
Gains/(losses) on disposal of
investments and tangible fixed
assets .......................................... – – 10 (3) 30 – 37
Profit/(loss) on ordinary activities
before tax1 ................................. (33) 79 32 (12) (100) – (34)
%%%%% %
Share of HSBC’ s pre-tax profits1 ... (0.3) 0.8 0.3 (0.1) (1.0) (0.3)
Cost:income ratio1 .......................... 88.8 65.0 64.2 113.3 153.2 85.4
US$m US$m US$m US$m US$m US$m
Selected balance sheet data2
Loans and advances to
customers (net) .......................... 1,094 505 1,401 28 – 3,028
Total assets .................................... 2,062 704 4,273 37 1,415 8,491
Customer accounts ......................... 1,366 934 2,477 44 42 4,863
The following assets and liabilities
were also significant to Corporate,
Investment Banking and Markets:
Loans and advances to banks (net) . 987
Debt securities, treasury bills and
other eligible bills ...................... 977
Deposits by banks .......................... 609
Goodwill amortisation excluded:
1from (1) above ........................... 18 –411 24
2 Third party only.