HSBC 2013 Annual Report Download - page 60

58
HSBC BANK CANADA
Consolidated income statement
For the year ended 31 December (in millions of dollars except per share amounts)
Notes 2013 $m
2012
$m
Interest income .............................................................................................. 2,065 2,236
Interest expense ............................................................................................. (754) (761)
Net interest income ....................................................................................... 1,311 1,475
Fee income .................................................................................................... 694 689
Fee expense ................................................................................................... (91) (88)
Net fee income .............................................................................................. 603 601
Trading income excluding net interest income ............................................. 135 143
Net interest income on trading activities ...................................................... 43 37
Net trading income ........................................................................................ 178 180
Net income/(expense) from nancial instruments designated at fair value .. (5) (27)
Gains less losses from nancial investments ................................................ 58 52
Other operating income ................................................................................. 16 24
Gain on sale of full service brokerage business ............................................ –88
Net operating income before loan impairment charges
and other credit risk provisions ................................................................. 2,161 2,393
Loan impairment charges and other credit risk provisions ........................... (188) (211)
Net operating income .................................................................................. 3 1,973 2,182
Employee compensation and benets ........................................................... 4, 5 (614) (659)
General and administrative expenses ............................................................ (408) (409)
Depreciation of property, plant and equipment ............................................. (34) (35)
Amortization and impairment of intangible assets ....................................... (14) (19)
Restructuring charges .................................................................................... –(36)
Total operating expenses ............................................................................ (1,070) (1,158)
Operating prot........................................................................................... 903 1,024
Share of prot in associates .......................................................................... 31 5
Prot before income tax expense ............................................................... 934 1,029
Income tax expense ....................................................................................... 6 (247) (275)
Prot for the year ........................................................................................ 687 754
Prot attributable to common shareholders .................................................. 616 683
Prot attributable to preferred shareholders ................................................. 61 61
Prot attributable to shareholders ................................................................. 677 744
Prot attributable to non-controlling interests .............................................. 10 10
Average number of common shares outstanding (000’s) .............................. 498,668 498,668
Basic earnings per common share ................................................................. $ 1.24 $ 1.37
The accompanying notes and the audited sections of ‘Risk Management’ and ‘Capital’ within Management’s Discussion and Analysis form an
integral part of these consolidated financial statements.