HSBC 2008 Annual Report Download - page 85

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Balance sheet data15
2008 2007 2006
US$m US$m US$m
Loans and advances to
customers (net) ............... 2,621 2,678 2,095
Total assets ........................ 135,001 155,685 137,291
Customer accounts ............ 2,041 2,006 1,245
Reconciliation of reported and underlying profit/(loss) before tax
2008 compared with 2007
Other
2007
as
reported
US$m
2007
acquisitions,
disposals
& dilution
gains1
US$m
Currency
translation2
US$m
2007
at 2008
exchange
rates3
US$m
2008
acquisitions
and
disposals1
US$m
Under-
lying
change
US$m
2008
as
reported
US$m
Re-
ported
change
%
Under-
lying
change
%
Net interest expense ......... (542) – (38) (580) (6) (370) (956) (76) (64)
Net fee income/
(expense) ..................... (228) – 49 (179) –
232 53 123 130
Other income4................... 7,728 (1,116) 36 6,648 2,540 4,010 13,198 71 60
Net operating income5.... 6,958 (1,116) 47 5,889 2,534 3,872 12,295 77 66
Loan impairment charges
and other credit risk
provisions .................... (11) 24 1 14 – (19) (5) 55 (136)
Net operating income .... 6,947 (1,092) 48 5,903 2,534 3,853 12,290 77 65
Operating expenses .......... (3,562) – (15) (3,577) 6 (603) (4,174) (17) (17)
Operating profit ............. 3,385 (1,092) 33 2,326 2,540 3,250 8,116 140 140
Income from associates ... 150 (12) 11 149 – (108) 41 (73) (72)
Profit before tax ............. 3,535 (1,104) 44 2,475 2,540 3,142 8,157 131 127
2007 compared with 2006
Other
2006
as
reported
US$m
2006
acquisitions
and
disposals1
US$m
Currency
translation2
US$m
2006
at 2007
exchange
rates6
US$m
2007
acquisitions,
disposals
& dilution
gains1
US$m
Under-
lying
change
US$m
2007
as
reported
US$m
Re-
ported
change
%
Under-
lying
change
%
Net interest income .......... (625) – (22) (647) – 105 (542) 13 16
Net fee income ................. 172 – 25 197 – (425) (228) (233) (216)
Other income4................... 3,263 – 77 3,340 1,092 3,296 7,728 137 99
Net operating income5...... 2,810 – 80 2,890 1,092 2,976 6,958 148 103
Loan impairment charges
and other credit risk
provisions .................... (13) – 3 (10) – (1) (11) 15 (10)
Net operating income ...... 2,797 – 83 2,880 1,092 2,975 6,947 148 103
Operating expenses .......... (3,259) – (90) (3,349) – (213) (3,562) (9) (6)
Operating profit/(loss) ..... (462) – (7) (469) 1,092 2,762 3,385 833 589
Income from associates ... 74 – 2 76 (50) 124 150 103 163
Profit/(loss) before tax ..... (388) – (5) (393) 1,042 2,886 3,535 1,011 734
For footnotes, see page 143.