HSBC 2004 Annual Report Download - page 93

91
Year ended 31 December 2003
Rest of Asia-Pacific (including
the Middle East)
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$m
Net interest income/(expense) ...... 754 419 541 33 (7) – 1,740
Dividend income ............................ ––––4–4
Net fees and commissions .............. 239 220 324 10 12 – 805
Dealing profits ............................... 35 46 301 38 1 – 421
Other income5 ................................ 40 20 16 - 102 (58) 120
Other operating income5 ................ 314 286 641 48 119 (58) 1,350
Operating income5 ....................... 1,068 705 1,182 81 112 (58) 3,090
Operating expenses excluding
goodwill amortisation1,5 ............. (804) (324) (521) (47) (103) 58 (1,741)
Operating profit before
provisions1 ................................ 264 381 661 34 9 – 1,349
Provisions for bad and doubtful
debts .......................................... (145) 52 521–(85)
Provisions for contingent liabilities
and commitments ....................... – (1) (1) – 1 – (1)
Amounts written off fixed asset
investments ................................ – – (1) – (1) – (2)
Operating profit1 .......................... 119 432 664 36 10 – 1,261
Share of operating profit in
associates2 .................................. 39 17 65 – 28 – 149
Gains on disposal of investments
and tangible fixed assets ............ –13–12–16
Profit on ordinary activities
before tax3 ................................. 158 450 732 36 50 – 1,426
%%%%% %
Share of HSBC’ s pre-tax profits3 ... 1.1 3.1 5.1 0.2 0.4 9.9
Cost:income ratio1 .......................... 75.3 46.0 44.1 58.0 92.0 56.3
US$m US$m US$m US$m US$m US$m
Selected balance sheet data4
Loans and advances to
customers (net) .......................... 17,848 13,383 15,129 1,481 111 47,952
Total assets5 ................................... 20,101 14,395 56,492 2,813 4,280 98,081
Customer accounts ......................... 26,592 13,006 22,146 3,693 4 65,441
The following assets and liabilities
were also significant to Corporate,
Investment Banking and Markets:
Loans and advances to banks (net) . 10,452
Debt securities, treasury bills and
other eligible bills ...................... 23,279
Deposits by banks .......................... 6,405
Goodwill amortisation excluded:
1from (1) above ........................... 5128–135
2from (2) above ........................... ––––– –
3from (3) above ........................... 5128–135
4Third party only.
5Restated to include the activities of the Group Service Centres and Shared Services Organisations in ‘Other’ where these activities were
formerly reported across customer groups.