HSBC 2012 Annual Report Download - page 431

429
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Europe
Hong
Kong
Rest of
Asia-
Pacific MENA
North
America
Latin
America
Intra-
HSBC
items Total
US$m US$m US$m US$m US$m US$m US$m US$m
2010
Net interest income ............................... 11,250 4,246 3,828 1,367 12,439 6,311 – 39,441
Net fee income ...................................... 6,371 2,962 1,932 677 3,664 1,749 – 17,355
Net trading income ............................... 2,863 1,312 1,618 370 314 733 – 7,210
Other income/(expense) ........................ 2,266 1,682 1,854 (4) 630 938 (3,125) 4,241
Net operating income1 .......................... 22,750 10,202 9,232 2,410 17,047 9,731 (3,125) 68,247
Loan impairment charges and other
credit risk provisions ........................ (3,020) (114) (439) (627) (8,295) (1,544) – (14,039)
Net operating income ............................ 19,730 10,088 8,793 1,783 8,752 8,187 (3,125) 54,208
Employee compensation and benefits .. (7,875) (2,341) (2,719) (579) (3,672) (2,650) – (19,836)
General and administrative expenses ... (6,499) (1,686) (2,181) (450) (4,179) (3,286) 3,125 (15,156)
Depreciation and impairment of
property, plant and equipment .......... (719) (237) (189) (42) (288) (238) – (1,713)
Amortisation and impairment of
intangible assets ................................ (352) (167) (54) (7) (183) (220) – (983)
Total operating expenses ...................... (15,445) (4,431) (5,143) (1,078) (8,322) (6,394) 3,125 (37,688)
Operating profit .................................... 4,285 5,657 3,650 705 430 1,793 – 16,520
Share of profit in associates and
joint ventures .................................... 17 35 2,252 187 24 2 – 2,517
Profit before tax .................................... 4,302 5,692 5,902 892 454 1,795 – 19,037
Tax income/(expense) ........................... (1,006) (987) (962) (138) (1,180) (573) – (4,846)
Profit/(loss) for the year ........................ 3,296 4,705 4,940 754 (726) 1,222 – 14,191
1 Net operating income before loan impairment charges and other credit risk provisions.