HSBC 2015 Annual Report Download - page 96

Report of the Directors: Geographical regions (continued)
Latin America
HSBC HOLDINGS PLC
94
Profit/(loss) before tax and balance sheet data – Latin America
2015
Retail
Banking
and Wealth
Management28
$m
Commercial
Banking28
$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 2,891 997 461 18 15 (64) 4,318
Net fee income/(expense) 724 253 133 23 (2) − 1,131
Trading income/(expense) excluding
net interest income 149 89 239 3 (7) − 473
Net interest income on trading
activities − − 124 − 3 64 191
Net trading income/(expense)40 149 89 363 3(4) 64 664
Changes in fair value of long-term debt
issued and related derivatives − − − − − − −
Net income from other financial
instruments designated at fair value 439 134 2 − − − 575
Net income from financial instruments
designated at fair value 439 134 2 − − − 575
Gains less losses from financial
investments 14 1 56 − − − 71
Dividend income 4 2 1 − − − 7
Net insurance premium income 903 191 5− − − 1,099
Other operating income 83 32 12 −236 (224) 139
Total operating income 5,207 1,699 1,033 44 245 (224) 8,004
Net insurance claims45 (1,129) (279) (4) − − − (1,412)
Net operating income1 4,078 1,420 1,029 44 245 (224) 6,592
Loan impairment charges and other
credit risk provisions (1,092) (364) (39) − − − (1,495)
Net operating income 2,986 1,056 990 44 245 (224) 5,097
Total operating expenses (3,226) (890) (528) (41) (325) 224 (4,786)
Operating profit/(loss) (240) 166 462 3(80) − 311
Share of loss in associates
and joint ventures − (1) − − − − (1)
Profit/(loss) before tax (240) 165 462 3(80) − 310
% % % % % %
Share of HSBC’s profit before tax (1.3) 0.9 2.4 −(0.3) 1.7
Cost efficiency ratio 79.1 62.7 51.3 93.2 132.7 72.6
Balance sheet data22,30
$m $m $m $m $m $m
Loans and advances to customers (net) 5,935 6,719 4,592 47 − 17,293
Total assets 25,378 20,792 36,953 1,769 2,838 (1,468) 86,262
Customer accounts 12,042 5,904 3,422 102
–
21,470