HSBC 2006 Annual Report Download - page 154

HSBC HOLDINGS PLC
Report of the Directors: Financial Review (continued)
Other financial information > Average balance sheet
152
Total equity and liabilities (continued)
Year ended 31 December
2006 2005 2004
Average
balance
Interest
expense Cost
Average
balance
Interest
expense Cost
Average
balance
Interest
expense Cost
US$m US$m % US$m US$m % US$m US$m %
Financial liabilities designated at fair
value – own debt issued6
Europe HSBC Holdings ................ 15,132 745 4.92 13,928 496 3.56
HSBC Bank ...................... 7,888 373 4.73 5,919 327 5.52
North America HSBC Bank USA ............ . 1,892 116 6.13 1,469 96 6.54
HSBC Finance .................. 29,917 1,877 6.27 28,146 1,098 3.90
Other operations .............................................. 461 49 10.63 288 20 6.94
55,290 3,160 5.72 49,750 2,037 4.09
Debt securities in issue
Europe HSBC Bank ...................... 45,870 2,047 4.46 28,620 1,817 6.35 26,320 1,103 4.19
HSBC France ................... 19,818 633 3.19 14,271 314 2.20 16,250 434 2.67
HSBC Finance .................. 548 32 5.84 3,330 77 2.31 3,524 163 4.63
Hong Kong Hang Seng Bank ............... 1,622 64 3.95 1,523 53 3.48 1,266 30 2.37
The Hongkong and
Shanghai Banking
Corporation .................. –– –– – – 11,192 437 3.90
Rest of
Asia-Pacific
The Hongkong and
Shanghai Banking
Corporation .................. 7,990 438 5.48 6,523 315 4.83 5,313 229 4.31
HSBC Bank Malaysia ...... 371 13 3.50 572 16 2.80 261 8 3.07
North America HSBC Bank USA ............ . 28,832 1,407 4.88 25,537 1,073 4.20 11,125 376 3.38
HSBC Finance .................. 112,353 5,047 4.49 75,913 3,399 4.48 101,269 2,751 2.72
HSBC Bank Canada ......... 10,616 460 4.33 7,963 268 3.37 5,994 165 2.75
Latin America HSBC Mexico .................. 249 23 9.24 4,585 285 6.22 3,566 134 3.76
Brazilian operations1 ........ 700 70 10.00 401 67 16.71 360 65 18.06
HSBC Bank Argentina ..... –– –7 1 14.29 95 7 7.37
Other operations .............................................. 3,105 110 3.54 6,834 90 1.32
18,136 234 1.29
232,074 10,344 4.46 176,079 7,775 4.42 204,671 6,136 3.00
Other interest-bearing liabilities
Europe HSBC Bank ...................... 23,196 1,026 4.42 23,924 547 2.29 30,504 870 2.85
HSBC Private Banking
Holdings (Suisse) ......... 3,545 155 4.37 4,247 130 3.06
2,505 38 1.52
HSBC France ................... 13,476 488 3.62 14,154 220 1.55 20,117 601 2.99
HSBC Finance .................. 4,211 219 5.20 5,299 361 6.81 4,298 258 6.00
Hong Kong Hang Seng Bank ............... 1,378 64 4.64 1,228 36 2.93 1,161 22 1.89
The Hongkong and
Shanghai Banking
Corporation .................. 8,140 365 4.48 6,981 221 3.17
10,495 171 1.63
Rest of
Asia-Pacific
The Hongkong and
Shanghai Banking
Corporation .................. 13,425 629 4.69 13,725 460 3.35
12,972 228 1.76
HSBC Bank Malaysia ...... 235 9 3.83 137 4 2.92 195 3 1.54
HSBC Bank Middle East . 1,046 63 6.02 767 23 3.00 407 20 4.91
North America HSBC Bank USA ............ . 11,966 1,211 10.12 13,287 1,332 10.02 12,618 324 2.57
HSBC Bank Canada ......... 1,134 22 1.94 856 12 1.40 938 20 2.13
HSBC Markets Inc ........... 2,883 88 3.05 4,718 121 2.56 12,652 460 3.64
Latin America HSBC Mexico .................. 135 8 5.93 1,258 30 2.38 195 15 7.69
Brazilian operations1 ........ 817 105 12.85 2,264 86 3.80
565 47 8.32
HSBC Bank Argentina ..... 79 10 12.66 35 4 11.43 319 3 0.94
Other operations .............................................. (68,331) (3,804) (62,593) (2,958) (64,040) (1,301)
17,335 658 3.80 30,287 629 2.08 45,901 1,779 3.88
For footnotes, see page 156.