HSBC 2003 Annual Report Download - page 111

109
South America
Profit/(loss) before tax excluding goodwill amortisation
Year ended 31 December
2003
US$m
2002
US$m
2001
US$m
Personal Financial Services .......................................................... (27
)
(33
)
62
Brazil ............................................................................................... (31
)
11 34
Argentina ......................................................................................... 3(45
)
29
Other ............................................................................................... 11(1
)
Commercial Banking .................................................................... 99 79 (14
)
Brazil ............................................................................................... 65 54 46
Argentina ......................................................................................... 34 27 (59
)
Other ............................................................................................... –(2
)
(1
)
Corporate, Investment Banking and Markets ............................. (24
)
32 185
Brazil ............................................................................................... 49 125 146
Argentina ......................................................................................... (72
)
(101
)
29
Other ............................................................................................... (1
)
810
Private Banking ............................................................................. (2
)
(12
)
(3
)
Brazil ............................................................................................... (1
)
(1
)
(2
)
Argentina ......................................................................................... –––
Other ............................................................................................... (1
)
(11
)
(1
)
Other .............................................................................................. 80 (100
)
(1,232
)
Brazil ............................................................................................... 1(62
)
(88
)
Argentina ......................................................................................... 83 (91
)
(1,151
)
Other ............................................................................................... (4
)
53 7
Total1 .............................................................................................. 126 (34
)
(1,002
)
Brazil ............................................................................................... 83 127 136
Argentina ......................................................................................... 48 (210
)
(1,152
)
Other ............................................................................................... (5
)
49 14
1 Goodwill amortisation excluded:
– arising on subsidiaries ............................................................. 11 24 14
– arising on associates and joint ventures ................................... –––
– total .......................................................................................... 11 24 14