HSBC 2011 Annual Report Download - page 341

339
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Other information about the profit/(loss) for the year
Europe
Hong
Kong
Rest of
Asia-
Pacific MENA
North
America
Latin
America
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m US$m
2011
Net operating income ................. 21,734 10,526 10,446 2,314 8,984 9,570 (3,421) 60,153
External ................................. 20,676 9,442 9,396 2,316 8,744 9,579 – 60,153
Inter-segment ......................... 1,058 1,084 1,050 (2) 240 (9) (3,421) –
Profit for the year includes the
following significant
non-cash items:
Depreciation, amortisation
and impairment .................. 975 424 249 42 802 643 – 3,135
Loan impairment losses gross
of recoveries and other
credit risk provisions ......... 3,085 202 453 395 7,147 2,271 – 13,553
Impairment of financial
investments ........................ 705 55 25 13 9 1 – 808
Changes in fair value of
long-term debt and related
derivatives ............................. 3,180 – 4 10 967 – – 4,161
Restructuring costs .................... 357 47 34 27 73 259 – 797
2010
Net operating income ................. 19,730 10,088 8,793 1,783 8,752 8,187 (3,125) 54,208
External ................................. 18,881 9,170 7,728 1,774 8,504 8,151 – 54,208
Inter-segment ......................... 849 918 1,065 9 248 36 (3,125) –
Profit/(loss) for the year includes
the following significant
non-cash items:
Depreciation, amortisation
and impairment .................. 1,071 404 243 49 576 458 – 2,801
Loan impairment losses gross
of recoveries and other
credit risk provisions ......... 3,303 169 615 684 8,476 1,812 – 15,059
Impairment of financial
investments ........................ 33 41 4 5 21 1 – 105
Changes in fair value of
long-term debt and related
derivatives ............................. (365) (2) (2) – 111 – – (258)
Restructuring costs .................... 86 15 36 5 13 3 – 158
2009
Net operating income ................. 17,976 8,967 7,107 1,260 641 6,498 (2,756) 39,693
External ................................. 16,734 8,352 6,056 1,283 767 6,501 – 39,693
Inter-segment ......................... 1,242 615 1,051 (23) (126) (3) (2,756) –
Profit/(loss) for the year includes
the following significant
non-cash items:
Depreciation, amortisation
and impairment .................. 1,039 342 215 37 515 390 – 2,538
Loan impairment losses gross
of recoveries and other
credit risk provisions ......... 5,833 534 1,028 1,361 15,757 2,865 – 27,378
Impairment of financial
investments ........................ 137 129 50 4 38 – – 358
Changes in fair value of
long-term debt and related
derivatives ............................. (2,746) (3) (1) – (3,497) – – (6,247)
Restructuring costs .................... 79 7 42 2 153 17 – 300