HSBC 2011 Annual Report Download - page 83

81
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
2010
Retail
Banking
and Wealth
Management17
US$m
Commercial
Banking
US$m
Global
Banking
and
Markets17
US$m
Global
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination64
US$m
Total
US$m
Profit/(loss) before tax
Net interest income ..................... 553 473 334 – 14 (7) 1,367
Net fee income ............................ 200 258 202 17 – – 677
Trading income/(expense)
excluding net interest
income .................................... 59 85 205 1 (7) – 343
Net interest income/(expense)
on trading activities ................ 1 7 18 – (6) 7 27
Net trading income/(expense)56 ... 60 92 223 1 (13) 7 370
Net income/(expense) from
financial instruments
designated at fair value ........... – – – – – – –
Gains less losses from
financial investments .............. 1 – (3) – (1) – (3)
Dividend income ......................... 2 1 4 – – – 7
Other operating income/
(expense) ................................ 27 (8) (1) 1 40 (67) (8)
Total operating income ............... 843 816 759 19 40 (67) 2,410
Net insurance claims65 ................ – – – – – – –
Net operating income52 ............... 843 816 759 19 40 (67) 2,410
Loan impairment charges and
other credit risk provisions ..... (227) (145) (255) – – – (627)
Net operating income ................. 616 671 504 19 40 (67) 1,783
Total operating expenses ............ (524) (297) (263) (18) (43) 67 (1,078)
Operating profit/(loss) ................ 92 374 241 1 (3) – 705
Share of profit/(loss) in
associates and joint ventures .. 26 110 58 (16) 9 – 187
Profit/(loss) before tax ................ 118 484 299 (15) 6 – 892
% % % % % %
Share of HSBC’s profit
before tax ................................ 0.6 2.6 1.6 (0.1) – 4.7
Cost efficiency ratio ................... 62.2 36.4 34.7 94.7 107.5 44.7
Balance sheet data49
US$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 ................................. 6,286 13,991 31,253 59 4,129 (2,961) 52,757
Customer accounts ...................... 17,538 10,319 5,306 290 58 33,511
For footnotes, see page 95.