HSBC 2015 Annual Report Download - page 90

Report of the Directors: Geographical regions (continued)
Middle East and North Africa / North America
HSBC HOLDINGS PLC
88
2014
Retail
Banking
and Wealth
Management
$m
Commercial
Banking
$m
Global
Banking and
Markets
$m
Global
Private
Banking
$m
Other
$m
Inter-
segment
elimination44
$m
Total
$m
Profit/(loss) before tax
Net interest income 615 467 410 −3 24 1,519
Net fee income/(expense) 152 268 240 −(10) − 650
Trading income/(expense) excluding
net interest income 58 68 207 − (5) − 328
Net interest income/(expenses) on
trading activities − − 10 − − (24) (14)
Net trading income/(expense)40 58 68 217 −(5) (24) 314
Net expense from financial instruments
designated at fair value − − − − (3) − (3)
Gains less losses from financial
investments 1 1 20 − − − 22
Dividend income 1 1 12 − − − 14
Other operating income 8 −27 −108 (111) 32
Total operating income 835 805 926 −93 (111) 2,548
Net insurance claims45 − − − − − − −
Net operating income1 835 805 926 −93 (111) 2,548
Loan impairment (charges)/recoveries
and other credit risk provisions (26) (21) 53 − − − 6
Net operating income 809 784 979 −93 (111) 2,554
Total operating expenses (578) (348) (256) −(145) 111 (1,216)
Operating profit/(loss) 231 436 723 −(52) − 1,338
Share of profit in associates
and joint ventures 92 168 203 19 6 − 488
Profit/(loss) before tax 323 604 926 19 (46) − 1,826
% %%%% %
Share of HSBC’s profit before tax 1.7 3.2 5.0 0.1 (0.2) 9.8
Cost efficiency ratio 69.2 43.2 27.6 −155.9 47.7
Balance sheet data30
$m $m $m $m $m $m
Loans and advances to customers (net) 6,318 13,104 9,641 − − 29,063
Total assets 7,073 14,911 39,229 77 2,900 (1,773) 62,417
Customer accounts 18,024 11,809 9,630 −257 39,720
For footnotes, see page 99.