HSBC 2002 Annual Report Download - page 284

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
282
Personal
Financial
Services Commercial Banking
Corporate,
Investment
Banking and
Markets Private Banking Other
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m
Year ended 31 December 2000
Net interest income .......................... 6,508 3,541 2,849 569 256 – 13,723
Dividend income .............................. 1 3 148 2 43 – 197
Net fees and commissions................. 2,644 1,681 2,305 555 126 – 7,311
Dealing profits.................................. 97 82 1,370 110 (33) – 1,626
Other operating income .................... 711 368 610 90 868 (931 ) 1,716
Operating income ............................. 9,961 5,675 7,282 1,326 1,260 (931) 24,573
Operating expenses........................... (6,343) (2,814) (3,940) (977) (944) 931 (14,087)
Operating profit before provisions .... 3,618 2,861 3,342 349 316 – 10,486
Provisions for bad and doubtful
debts ............................................ (602) (202) (146) (6) 24 – (932)
Provisions for contingent liabilities
and commitments......................... (31) 5 (10) – (35) – (71)
Amounts written off fixed asset
investments.................................. – 2 (33) (4) (1 ) – (36)
Operating profit ................................ 2,985 2,666 3,153 339 304 – 9,447
Share of operating (loss)/profit in
joint ventures ............................... (52) –––1–(51)
Share of operating (loss)/profit in
associates ..................................... (48) 22 53 1 47 – 75
Gains on disposal of investments
and tangible fixed assets .............. 15 12 243 19 15 – 304
Profit on ordinary activities
before tax .................................... 2,900 2,700 3,449 359 367 – 9,775
(c) By country of domicile
HSBC Holdings is registered and domiciled in the United Kingdom.
(i) Profit on ordinary activities before tax in the United Kingdom
2002 2001 2000
US$m US$m US$m
Operating income.............................................................. 9,504 8,394 8,596
Profit on ordinary activities before tax ............................. 3,239 3,147 3,162
Operating income includes intra-HSBC income of US$418 million (2001: US$517 million; 2000: US$506
million). Profit on ordinary activities before tax includes profit arising on intra-HSBC transactions of
US$406 million (2001: US$488 million; 2000: US$492 million).