HSBC 2001 Annual Report Download - page 76

HSBC HOLDINGS PLC
Financial Review (continued)
74
Profit on ordinary activities before tax – cash basis
Figures in US$m
Year ended 31 December 2000
Persona
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Financia
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Services Commercia
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Bankin
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Corporate,
Investmen
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Banking an
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Markets Private Bankin
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Othe
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Tota
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Net interest income ................................................ 6,530 3,541 2,849 547 256 13,723
Dividend income.................................................... 1 3 148 2 43 197
Net fees and commissions...................................... 2,753 1,579 2,287 541 151 7,311
Dealing profits ....................................................... 97 82 1,370 110 (33)1,626
Other income ......................................................... 760 368 610 50 868 1,716
Other operating income.......................................... 3,611 2,032 4,415 703 1,029 10,850
Total operating income ........................................ 10,141 5,573 7,264 1,250 1,285 24,573
Operating expenses (excluding goodwill
amortisation) ..................................................... (6,390)(2,636)(3,814 )(714)(963)(13,577)
Operating profit before provisions (cash basis) . 3,751 2,937 3,450 536 322 10,996
Provisions for bad and doubtful debts .................... (602)(202 )(146)(6)24 (932)
Provisions for contingent liabilities and
commitments..................................................... (31)5(10 )
–
(35)(71 )
Amounts written off fixed asset investments..........
–
2(33)(4)(1 )(36)
Operating profit (cash basis) ............................... 3,118 2,742 3,261 526 310 9,957
Share of operating profit/(loss) in joint ventures
and associates.................................................... (96 )26 59 2 48 39
Gains on disposal of investments and tangible
fixed assets........................................................ 15 12 243 19 15 304
Profit on ordinary activities before tax (cash
basis) ................................................................ 3,037 2,780 3,563 547 373 10,300
Share of HSBC’ s pre-tax profits (cash basis) (per
cent) .................................................................. 29.5% 27.0% 34.6% 5.3% 3.6% 100.0%
Cost:income ratio (excluding goodwill
amortisation) (per cent) ..................................... 63.0% 47.3% 52.5% 57.1% 74.9% 55.3%
Year ended 31 December 2000
Persona
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Financia
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Services Commercia
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Bankin
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Corporate,
Investmen
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Banking an
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Markets Private
Bankin
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Othe
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Tota
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Europe ................................................................... 624 1,139 1,501 406 351 4,021
Hong Kong ............................................................ 1,680 781 1,012 85 134 3,692
Rest of Asia-Pacific ............................................... 189 376 666 (1) 40 1,270
North America ....................................................... 507 376 213 49 (152) 993
Latin America ........................................................ 37 108 171 8
–
324
Profit on ordinary activities before tax (cash
basis) ................................................................ 3,037 2,780 3,563 547 373 10,300
Selected balance sheet data (third party items only) at 31 December 2000
Figures in US$m
Persona
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Financia
l
Services Commercia
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Bankin
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Corporate,
Investmen
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Banking an
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Markets Private Bankin
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Othe
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Tota
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Loans and advances to customers (net) ........................ 104,655 79,103 92,845 11,182 2,052 289,837
Customer deposits........................................................ 216,454 82,113 80,417 47,611 474 427,069
The following assets and liabilities were also
significant to the Corporate, Investment Banking
and Markets
Loans and advances to banks (net)............................... 100,073
Debt securities, treasury bills and other eligible bills.... 134,823
Deposits by banks........................................................ 55,700