HSBC 2004 Annual Report Download - page 82

HSBC HOLDINGS PLC
Financial Review (continued)
80
Profit/(loss) excluding goodwill amortisation by customer group
Year ended 31 December 2004
Hong Kong
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$m
Net interest income/(expense) ...... 2,017 679 998 85 (140) – 3,639
Dividend income ............................ 212–14–19
Net fees and commissions .............. 799 374 530 75 (52) – 1,726
Dealing profits ............................... 46 35 447 101 1 – 630
Other income ................................. 619 115 106 (1) 412 (470) 781
Other operating income .................. 1,466 525 1,085 175 375 (470) 3,156
Operating income ......................... 3,483 1,204 2,083 260 235 (470) 6,795
Operating expenses excluding
goodwill amortisation1................ (1,336) (399) (668) (128) (463) 470 (2,524)
Operating profit/(loss) before
provisions1 ................................ 2,147 805 1,415 132 (228) – 4,271
Provisions for bad and doubtful
debts .......................................... (54) 109 164 4 – – 223
Provisions for contingent
liabilities and commitments ........ ––––(3)–(3)
Amounts written back on fixed
asset investments ....................... ––––26–26
Operating profit/(loss)1 ................ 2,093 914 1,579 136 (205) – 4,517
Share of operating profit in
associates2 .................................. 4–––4–8
Gains/(losses) on disposal of
investments and tangible fixed
assets .......................................... – – 5 (1) 224 – 228
Profit on ordinary activities
before tax3 ................................. 2,097 914 1,584 135 23 – 4,753
%%%%% %
Share of HSBC’ s pre-tax profits3 ... 10.8 4.7 8.2 0.7 0.1 24.5
Cost:income ratio1 .......................... 38.4 33.1 32.1 49.2 197.0 37.1
US$m US$m US$m US$m US$m US$m
Selected balance sheet data4
Loans and advances to
customers (net) .......................... 33,704 17,889 22,440 2,954 1,901 78,888
Total assets5 ................................... 37,986 23,579 130,300 7,733 17,808 217,406
Customer accounts ......................... 114,303 35,226 19,236 9,264 339 178,368
The following assets and liabilities
were also significant to Corporate,
Investment Banking and Markets:
Loans and advances to banks (net) . 42,515
Debt securities, treasury bills and
other eligible bills ...................... 58,902
Deposits by banks .......................... 4,205
Goodwill amortisation excluded:
1from (1) above ........................... (1)226– 9
2from (2) above ........................... ––––– –
3from (3) above ........................... (1)226– 9
4Third party only.
5Excluding Hong Kong Government certificates of indebtedness.