HSBC 2004 Annual Report Download - page 94

HSBC HOLDINGS PLC
Financial Review (continued)
92
Profit/(loss) excluding goodwill amortisation by customer group (continued)
Year ended 31 December 2002
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$m
Net interest income/(expense) ...... 633 417 561 35 (39) – 1,607
Dividend income ............................ – – – – 3 – 3
Net fees and commissions .............. 211 213 293 6 1 – 724
Dealing profits/(losses) .................. 27 37 278 24 (2) – 364
Other income5 ................................ 16 5 17 – 83 (38) 83
Other operating income5 ................ 254 255 588 30 85 (38) 1,174
Operating income5 ....................... 887 672 1,149 65 46 (38) 2,781
Operating expenses excluding
goodwill amortisation1,5 ............. (668) (305) (477) (37) (79) 38 (1,528)
Operating profit/(loss) before
provisions1 ................................ 219 367 672 28 (33) – 1,253
Provisions for bad and doubtful
debts .......................................... (104) 31 (18) (3) 5 – (89)
Provisions for contingent liabilities
and commitments ....................... – 5 13 – – – 18
Amounts written off fixed asset
investments ................................ ––(2)–––(2)
Operating profit/(loss)1 ................ 115 403 665 25 (28) – 1,180
Share of operating profit in
associates2 .................................. 13 18 42 – 40 – 113
Gains/(losses) on disposal of
investments and tangible fixed
assets .......................................... (1) 2 (1) – – – –
Profit on ordinary activities
before tax3 ................................. 127 423 706 25 12 – 1,293
%%%%% %
Share of HSBC’ s pre-tax profits3 ... 1.2 4.1 6.7 0.2 0.1 12.3
Cost:income ratio1 .......................... 75.3 45.4 41.5 56.9 171.7 54.9
US$m US$m US$m US$m US$m US$m
Selected balance sheet data4
Loans and advances to
customers (net) .......................... 11,812 10,795 12,963 1,392 116 37,078
Total assets5 ................................... 13,453 11,619 46,378 2,336 2,849 76,635
Customer accounts ......................... 22,613 11,600 16,506 3,413 40 54,172
The following assets and liabilities
were also significant to Corporate,
Investment Banking and Markets:
Loans and advances to banks (net) . 9,249
Debt securities, treasury bills and
other eligible bills ...................... 19,094
Deposits by banks .......................... 4,830
Goodwill amortisation excluded:
1from (1) above ........................... 1329–– 33
2from (2) above ........................... – – – – – –
3from (3) above ........................... 1329–– 33
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.