HSBC 2012 Annual Report Download - page 99

97
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Profit before tax and balance sheet data – Rest of Asia-Pacific
2012
Retail
Banking
and Wealth
Management
US$m
Commercial
Banking
US$m
Global
Banking
and
Markets
US$m
Global
Private
Banking
US$m
Other
US$m
Inter-
segment
elimination85
US$m
Total
US$m
Profit before tax
Net interest income ..................... 1,787 1,396 2,156 102 137 (187) 5,391
Net fee income/(expense) ........... 854 499 666 71 (7) – 2,083
Trading income/(expense)
excluding net interest income . 96 188 1,002 67 (592) – 761
Net interest income/(expense)
on trading activities ................ (6) (3) 100 –14 187 292
Net trading income/(expense)78 .. 90 185 1,102 67 (578) 187 1,053
Changes in fair value of long-
term debt issued and related
derivatives .............................. – – – – (4) – (4)
Net income/(expense) from
other financial instruments
designated at fair value ........... 109 1 (3) –3 – 110
Net income/(expense) from
financial instruments
designated at fair value ........... 109 1 (3) – (1) – 106
Gains less losses from
financial investments .............. (1) 2 (10) – 25 – 16
Dividend income ......................... – – 1 – 4 – 5
Net earned insurance premiums . 569 243 – – – – 812
Gain on disposal of Ping An ....... – – – – 3,012 – 3,012
Other operating income .............. 211 64 82 68 1,571 (172) 1,824
Total operating income ............ 3,619 2,390 3,994 308 4,163 (172) 14,302
Net insurance claims86 ................ (523) (195) – – – – (718)
Net operating income21 ............. 3,096 2,195 3,994 308 4,163 (172) 13,584
Loan impairment charges and
other credit risk provisions ..... (234) (154) (48) – – – (436)
Net operating income ............... 2,862 2,041 3,946 308 4,163 (172) 13,148
Total operating expenses ............ (2,238) (993) (1,279) (149) (1,319) 172 (5,806)
Operating profit ........................ 624 1,048 2,667 159 2,844 – 7,342
Share of profit in associates
and joint ventures ................... 893 1,554 658 – 1 – 3,106
Profit before tax ........................ 1,517 2,602 3,325 159 2,845 – 10,448
% % % % % %
Share of HSBC’s profit
before tax ................................ 7.3 12.6 16.1 0.8 13.8 50.6
Cost efficiency ratio ................... 72.3 45.2 32.0 48.4 31.7 42.7
Balance sheet data74
US$m US$m US$m US$m US$m US$m
Loans and advances to
customers (net) ....................... 46,027 43,968 44,721 3,238 165 138,119
Total assets ................................. 55,509 59,123 201,774 12,142 24,534 (10,813) 342,269
Customer accounts ...................... 63,230 44,865 64,392 11,095 39 183,621