HSBC 2010 Annual Report Download - page 71

69
Overview Operating & Financial Review Governance Financial Statements Shareholder Information
Profit/(loss) before tax and balance sheet data – Middle East
2010
Personal
Financial
Services
US$m
Commercial
Banking
US$m
Global
Banking &
Markets
US$m
Global
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination56
US$m
Total
US$m
Profit/(loss) before tax
Net interest income ..................... 553 473 334 – 14 (7) 1,367
Net fee income ............................ 200 258 202 17 – – 677
Trading income/(expense)
excluding net interest income 59 85 205 1 (7) – 343
Net interest income/(expense)
on trading activities ................ 1 7 18 –(6) 7 27
Net trading income/(expense)49 .. 60 92 223 1 (13) 7 370
Gains less losses from
financial investments .............. 1 – (3) – (1) – (3)
Dividend income ......................... 2 1 4 – – – 7
Other operating income/
(expense) ................................ 27 (8) (1) 1 40 (67) (8)
Total operating income ............ 843 816 759 19 40 (67) 2,410
Net insurance claims57 ................ – – – – – – –
Net operating income46 ............. 843 816 759 19 40 (67) 2,410
Loan impairment charges and
other credit risk provisions ..... (227) (145) (255) – – – (627)
Net operating income ............... 616 671 504 19 40 (67) 1,783
Total operating expenses ............ (524) (297) (263) (18) (43) 67 (1,078)
Operating profit/(loss) .............. 92 374 241 1 (3) – 705
Share of profit/(loss) in
associates and joint ventures .. 8 110 76 (16) 9 – 187
Profit/(loss) before tax .............. 100 484 317 (15) 6 – 892
% % % %
%
%
Share of HSBC’s profit
before tax ................................ 0.5 2.6 1.7 (0.1) – 4.7
Cost efficiency ratio ................... 62.2 36.4 34.7 94.7 107.5 44.7
Balance sheet data45
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 5,063 12,293 7,247 21 2 24,626
Total assets ................................. 6,244 13,991 31,295 59 4,129 (2,961) 52,757
Customer accounts ...................... 17,538 10,319 5,306 290 58 33,511