HSBC 2004 Annual Report Download - page 32

HSBC HOLDINGS PLC
Financial Review (continued)
30
Other operating income
Year ended 31 December
2004 2003 2002
US$m % US$m % US$m %
By geographical region
Europe .................................................... 9,385 46.4 7,555 47.4 6,272 54.8
Hong Kong ............................................. 3,156 15.6 2,331 14.7 1,917 16.7
Rest of Asia-Pacific ............................... 1,749 8.7 1,350 8.5 1,174 10.2
North America ....................................... 5,164 25.6 3,982 25.1 1,502 13.1
South America ....................................... 739 3.7 678 4.3 596 5.2
20,193 100.0 15,896 100.0 11,461 100.0
Intra-HSBC elimination ......................... (630) (422) (326)
Other operating income .......................... 19,563 15,474 11,135
Year ended 31 December
2004 2003 2002
US$m US$m US$m
By income category
Dividend income ............................................................................................ 601 222 278
Fees and commissions (net) ........................................................................... 13,093 10,394 7,824
Dealing profits
– foreign exchange ........................................................................................ 1,806 1,239 1,167
– interest rate derivatives .............................................................................. 727 330 47
– debt securities ............................................................................................ 49 251 75
– equities and other trading ........................................................................... (16) 358 24
2,566 2,178 1,313
Operating leased assets rental income ............................................................ 632 553 490
General insurance underwriting (net) ............................................................. 564 473 313
Increase in value of long-term insurance business ......................................... 235 206 182
Income from life assurance and annuities ....................................................... 644 440 85
Rental income ................................................................................................ 189 159 160
Other .............................................................................................................. 1,039 849 490
3,303 2,680 1,720
Total other operating income ......................................................................... 19,563 15,474 11,135
Analysis of fees and commissions receivable and payable
Year ended 31 December
2004 2003 2002
US$m US$m US$m
Account services ............................................................................................ 2,779 2,317 1,715
Credit facilities ............................................................................................... 1,179 966 752
Remittances ................................................................................................... 353 288 268
Cards .............................................................................................................. 3,782 2,976 1,242
Imports/exports .............................................................................................. 692 609 556
Underwriting .................................................................................................. 234 175 173
Insurance ........................................................................................................ 1,177 961 775
Mortgage servicing rights .............................................................................. 80 75 77
Trust income .................................................................................................. 204 145 125
Broking income ............................................................................................. 958 873 773
Global custody ............................................................................................... 564 338 296
Maintenance income on operating leases ....................................................... 190 171 160
Funds under management .............................................................................. 1,498 1,096 1,026
Unit trusts ...................................................................................................... 500 358 284
Corporate finance ........................................................................................... 193 189 122
Other .............................................................................................................. 1,494 1,023 901
Total fees and commissions receivable .......................................................... 15,877 12,560 9,245
Less: fees payable .......................................................................................... (2,784) (2,166) (1,421)
Net fees and commissions .............................................................................. 13,093 10,394 7,824