HSBC 2009 Annual Report Download - page 124

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Geographical regions > Middle East > Profit/(loss) before tax by customer group
122
Analysis by customer group and global business
Profit/(loss) before tax
2009
Middle East27
Personal
Financial
Services
US$m
Commercial
Banking
US$m
Global
Banking &
Markets
US$m
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination50
US$m
Total
US$m
Net interest income ..................... 644 464 330 1 46 – 1,485
Net fee income ............................ 203 219 198 3 2 – 625
Trading income excluding net
interest income ....................... 55 75 235 1 3 – 369
Net interest income on trading
activities .................................. – – 20 – 5 – 25
Net trading income42.................... 55 75 255 1 8 – 394
Gains less losses from
financial investments .............. 12 (2) 1 – 5 – 16
Dividend income ......................... – – 3 – – – 3
Other operating income/
(expense) ................................ 35 39 35 (1) 39 (76) 71
Total operating income ............ 949 795 822 4 100 (76) 2,594
Net insurance claims43 ................ – – – – – – –
Net operating income16 ............. 949 795 822 4 100 (76) 2,594
Loan impairment charges and
other credit risk provisions ..... (588) (573) (173) – – – (1,334)
Net operating income ............... 361 222 649 4 100 (76) 1,260
Total operating expenses ............ (508) (269) (255) (6) (39) 76 (1,001)
Operating profit/(loss) .............. (147) (47) 394 (2) 61 – 259
Share of profit in associates
and joint ventures ................... 21 68 73 8 26 – 196
Profit/(loss) before tax .............. (126) 21 467 6 87 – 455
% % % % % %
Share of HSBC’s profit
before tax ................................ (1.8) 0.3 6.6 0.1 1.2 6.4
Cost efficiency ratio ................... 53.5 33.8 31.0 150.0 39.0 38.6
Balance sheet data41
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 5,979 10,281 6,554 28 2 22,844
Total assets ................................. 6,810 11,861 28,189 96 4,952 (3,801) 48,107
Customer accounts ...................... 15,074 10,122 5,752 1,172 409 32,529