HSBC 2001 Annual Report Download - page 162

HSBC HOLDINGS PLC
Financial Statements
160
Consolidated profit and loss account for the year ended 31 December 2001
Note 2001 2000 1999
US$m US$m US$m
Interest receivable
– interest receivable and similar income arising from
debt securities............................................................. 8,590 7,458 4,373
– other interest receivable and similar income .............. 26,671 30,288 24,831
Interest payable .............................................................. (20,536) (24,023) (17,214)
Net interest income ...................................................... 14,725 13,723 11,990
Dividend income............................................................ 3186 197 157
Fees and commissions receivable .................................. 8,756 8,576 7,149
Fees and commissions payable ...................................... (1,286) (1,265) (1,132)
Dealing profits ............................................................... 41,685 1,626 1,299
Other operating income.................................................. 1,822 1,716 1,539
Operating income......................................................... 725,888 24,573 21,002
Administrative expenses ................................................ 5,7 (13,471) (12,496) (10,350)
Depreciation and amortisation
– tangible fixed assets ................................................... 25 (1,134) (1,081) (963)
– goodwill ..................................................................... 24 (799) (510) (36)
Operating profit before provisions............................. 10,484 10,486 9,653
Provisions
– provisions for bad and doubtful debts ........................ 17 (2,037) (932) (2,073)
– provisions for contingent liabilities and
commitments .............................................................. 32 (649) (71) (143)
Loss from foreign currency redenomination
in Argentina ............................................................... 6(520) –
–
Amounts written off fixed asset investments ................. (125) (36 ) (28)
Operating profit ........................................................... 7,153 9,447 7,409
Share of operating loss in joint ventures ........................ (91) (51)
–
Share of operating profit in associates ........................... 164 75 123
Gains on disposal of
– investments................................................................. 754 302 450
– tangible fixed assets ................................................... 20 2
–
Profit on ordinary activities before tax ...................... 78,000 9,775 7,982
Tax on profit on ordinary activities................................ 8(1,574) (2,238) (2,038)
Profit on ordinary activities after tax......................... 6,426 7,537 5,944
Minority interests:
– equity.......................................................................... (579) (558) (460)
– non-equity ................................................................. (441) (351) (76)
Profit attributable to shareholders............................. 5,406 6,628 5,408
Dividends....................................................................... 10 (4,467) (4,010) (2,872)
Retained profit for the period ..................................... 939 2,618 2,536
US$ US$ US$
Basic earnings per ordinary share .................................. 11 0.59 0.76 0.65
Diluted earnings per ordinary share ............................... 11 0.58 0.75 0.65
Cash earnings per ordinary share ................................... 11 0.67 0.81 0.66
Dividends per ordinary share ......................................... 10 0.480 0.435 0.340
Movements in reserves are set out in Note 36.
The accompanying notes are an integral part of the Consolidated Financial Statements.