HSBC 2004 Annual Report Download - page 320

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
318
Total
Personal
Financial
Services
Commercial
Banking
Corporate,
Investment
Banking &
Markets
Private
Banking Other
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m
Year ended 31 December
2003
Net interest income ............. 16,943 4,196 3,899 574 (14) – 25,598
Dividend income ................. 18 3 161 3 37 – 222
Net fees and commissions ... 4,842 2,256 2,315 822 159 – 10,394
Dealing profits .................... 133 118 1,764 209 (46) – 2,178
Other operating income ....... 1,508 587 805 50 938 (1,208) 2,680
Operating income ................ 23,444 7,160 8,944 1,658 1,074 (1,208) 41,072
Operating expenses ............. (12,257) (4,031) (4,645) (1,431) (1,376) 1,208 (22,532)
Operating profit/(loss)
before provisions ............ 11,187 3,129 4,299 227 (302) – 18,540
Provisions for bad and
doubtful debts ................. (5,633) (274) (297) (2) 113 – (6,093)
Provisions for contingent
liabilities and
commitments .................. (19) 14 (53) (2) 16 – (44)
Amounts (written off)/
written back on fixed
asset investments ............ (18) – (91) (3) 6 – (106)
Operating profit/(loss) ......... 5,517 2,869 3,858 220 (167) – 12,297
Share of operating profit/
(loss) in joint ventures .... 11 – (127) – – – (116)
Share of operating profit
in associates .................... 46 20 80 – 75 – 221
Gains on disposal of
investments and tangible
fixed assets ..................... 30 6 225 61 92 – 414
Profit on ordinary activities
before tax ........................ 5,604 2,895 4,036 281 – – 12,816
Segment total assets ............ 352,077 128,086 462,995 54,510 25,561 1,023,229
Hong Kong Government
certificates of
indebtedness ................... 10,987
Total assets ......................... 1,034,216
Net assets ............................ 30,092 11,268 19,529 8,098 5,486 74,473