HSBC 2005 Annual Report Download - page 99

97
Profit before tax by customer group
Year ended 31 December 2005
South America
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$m
Net interest income ........... 1,463 475 111 5 23 (327) 1,750
Net fee income ................. 329 121 73 11 3
–
537
Trading income excluding
net interest income ........ 15 4 78 –2–99
Net interest expense on
trading activities ........... – – (17) – – 327 310
Net trading income ........... 15 4 61
–
2327409
Net income from financial
instruments designated
at fair value .................. 174 – 9 – 3 – 186
Gains less losses from
financial investments .... 1–3–35–39
Dividend income .............. 4
–
–
–
–
–
4
Net earned insurance
premiums ...................... 669 23 57 – (3) – 746
Other operating income .... 135 (2) (1) (1) 57
–
188
Total operating income .. 2,790 621 313 15 120
–
3,859
Net insurance claims1 ....... (632) (13) (45)
–
(1)
–
(691)
Net operating income
before loan impairment
charges and other
credit risk provisions .. 2,158 608 268 15 119 – 3,168
Loan impairment charges
and other credit risk
provisions ..................... (515)(55)15–1–(554)
Net operating income ..... 1,643 553 283 15 120
–
2,614
Total operating expenses .. (1,437) (368) (138) (14) (10)
–
(1,967)
Operating profit .............. 206 185 145 1 110
–
647
Share of profit in associates
and joint ventures ......... ––1–(1)––
Profit before tax .............. 206 185 146 1 109
–
647
%%%%% %
Share of HSBC’s profit
before tax ..................... 1.0 0.9 0.7 – 0.5 3.1
Cost efficiency ratio ......... 66.6 60.5 51.5 93.3 8.4 62.1
US$
m
US$
m
US$
m
US$
m
US$
m
US$
m
Selected balance sheet
data2
Loans and advances to
customers (net) ............. 4,773 3,390 1,143 1 – 9,307
Total assets ....................... 8,270 5,240 9,608 6 1,610 24,734
Customer accounts ........... 4,670 3,964 7,589 101 221 16,545
Loans and advances to
banks (net)3 .................. 3,731
Trading assets, financial
instruments designated at
fair value, and financial
investments3 ................. 3,799
Deposits by banks3 ........... 803
1Net insurance claims incurred and movement in policyholders’ liabilities.
2Third party only.
3These assets and liabilities were significant to Corporate, Investment Banking and Markets.