|
TIDMHSBA
RNS Number : 1527A
HSBC Holdings PLC
27 March 2012
Profit/(loss) for the year
Rest Intra-
of HSBC
Hong Asia- North Latin items
Europe Kong Pacific MENA America America Total
US$m US$m US$m US$m US$m US$m US$m US$m
2011
Net interest
income
................
........ 11,001 4,691 5,102 1,432 11,480 6,956 - 40,662
Net fee income
................
............... 6,236 3,097 2,111 627 3,308 1,781 - 17,160
Net trading
income/(expense)
......... 2,161 1,189 1,658 482 (362) 1,378 - 6,506
Other income
................
................
. 4,848 1,705 1,842 66 1,574 1,338 (3,421) 7,952
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Net operating
income(1)
................
.... 24,246 10,682 10,713 2,607 16,000 11,453 (3,421) 72,280
Loan impairment
charges
and other
credit risk
provisions
................
... (2,512) (156) (267) (293) (7,016) (1,883) - (12,127)
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Net operating
income
................
..... 21,734 10,526 10,446 2,314 8,984 9,570 (3,421) 60,153
Employee
compensation
and benefits
................
................
................
.... (7,621) (2,610) (3,179) (659) (3,928) (3,169) - (21,166)
General and
administrative
expenses
................
................
................
.... (8,473) (1,724) (2,378) (458) (4,404) (3,443) 3,421 (17,459)
Depreciation and
impairment of
property, plant
and equipment
.... (581) (245) (198) (36) (261) (249) - (1,570)
Amortisation and
impairment of
intangible
assets
................
.......... (394) (179) (51) (6) (326) (394) - (1,350)
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Total operating
expenses
................ (17,069) (4,758) (5,806) (1,159) (8,919) (7,255) 3,421 (41,545)
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Operating profit
................
............. 4,665 5,768 4,640 1,155 65 2,315 - 18,608
Share of profit
in
associates and
joint
ventures
................
................
...... 6 55 2,831 337 35 - - 3,264
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Profit before tax
................
............. 4,671 5,823 7,471 1,492 100 2,315 - 21,872
Tax
income/(expense)
................
.... (1,589) (1,043) (1,315) (266) 958 (673) - (3,928)
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Profit for the
year
................
.......... 3,082 4,780 6,156 1,226 1,058 1,642 - 17,944
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
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
income(1)
................
.... 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 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
---------- ---------- ---------- --------- ------------ ------------- ----------- ------------
Profit/(loss) for the year (continued)
Rest Intra-
of HSBC
Hong Asia- North Latin items
Europe Kong Pacific MENA America America Total
US$m US$m US$m US$m US$m US$m US$m US$m
2009
Net interest
income
................
........ 12,268 4,195 3,539 1,485 13,670 5,573 - 40,730
Net fee income
................
............... 6,267 2,669 1,557 625 4,817 1,729 - 17,664
Net trading
income
................
......... 5,459 1,225 1,606 394 331 848 - 9,863
Other
income/(expense)
................
. (450) 1,378 1,301 90 (2,513) 874 (2,756) (2,076)
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
Net operating
income(1)
................
.... 23,544 9,467 8,003 2,594 16,305 9,024 (2,756) 66,181
Loan impairment
charges
and other
credit risk
provisions
................
... (5,568) (500) (896) (1,334) (15,664) (2,526) - (26,488)
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
Net operating
income
................
..... 17,976 8,967 7,107 1,260 641 6,498 (2,756) 39,693
Employee
compensation
and benefits
................
................
................
.... (7,174) (2,102) (2,363) (545) (4,085) (2,199) - (18,468)
General and
administrative
expenses
................
................
................
.... (5,775) (1,502) (1,872) (419) (3,794) (2,786) 2,756 (13,392)
Depreciation and
impairment of
property, plant
and equipment
.... (762) (224) (172) (31) (329) (207) - (1,725)
Amortisation and
impairment of
intangible
assets
................
.......... (277) (118) (43) (6) (183) (183) - (810)
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
Total operating
expenses
................ (13,988) (3,946) (4,450) (1,001) (8,391) (5,375) 2,756 (34,395)
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
Operating
profit/(loss)
................
.... 3,988 5,021 2,657 259 (7,750) 1,123 - 5,298
Share of profit
in
associates and
joint ventures
................
.............. 21 8 1,543 196 12 1 - 1,781
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
Profit/(loss)
before
tax
................
... 4,009 5,029 4,200 455 (7,738) 1,124 - 7,079
Tax
income/(expense)
................
.... (776) (869) (753) (94) 2,285 (178) - (385)
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
Profit/(loss) for
the year
................
. 3,233 4,160 3,447 361 (5,453) 946 - 6,694
---------- ----------- ----------- --------- ------------- -------------- ------------ ------------
1 Net operating income before loan impairment charges and other credit risk provisions.
Other information about the profit/(loss) for the year
Rest Intra-
of HSBC
Hong Asia- North Latin items
Europe Kong Pacific MENA America America Total
US$m US$m US$m US$m US$m US$m US$m US$m
2011
Net operating
income
........... 21,734 10,526 10,446 2,314 8,984 9,570 (3,421) 60,153
----------- ----------- ------------ ---------- -------------- -------------- ------------- -------------
External
.............
.............
.. 20,676 9,442 9,396 2,316 8,744 9,579 - 60,153
Inter-segment
.............
...... 1,058 1,084 1,050 (2) 240 (9) (3,421) -
----------- ----------- ------------ ---------- -------------- -------------- ------------- -------------
Profit for the
year includes
the following
significant
non-cash items:
Depreciation,
amortisation
and
impairment
............. 975 424 249 42 802 643 - 3,135
Loan
impairment
losses gross
of recoveries
and other
credit risk
provisions
..... 3,085 202 453 395 7,147 2,271 - 13,553
Impairment of
financial
investments
.............
..... 705 55 25 13 9 1 - 808
Changes in fair
value of
long-term debt
and related
derivatives
................
........ 3,180 - 4 10 967 - - 4,161
Restructuring
costs
................ 357 47 34 27 73 259 - 797
2010
Net operating
income
........... 19,730 10,088 8,793 1,783 8,752 8,187 (3,125) 54,208
----------- ----------- ------------ ---------- -------------- -------------- ------------- -------------
External
.............
.............
.. 18,881 9,170 7,728 1,774 8,504 8,151 - 54,208
Inter-segment
.............
...... 849 918 1,065 9 248 36 (3,125) -
----------
Profit/(loss)
for the year
includes
the following
significant
non-cash items:
Depreciation,
amortisation
and
impairment
............. 1,071 404 243 49 576 458 - 2,801
Loan
impairment
losses gross
of recoveries
and other
credit risk
provisions
..... 3,303 169 615 684 8,476 1,812 - 15,059
Impairment of
financial
investments
.............
..... 33 41 4 5 21 1 - 105
Changes in fair
value of
long-term debt
and related
derivatives
................
........ (365) (2) (2) - 111 - - (258)
Restructuring
costs
................ 86 15 36 5 13 3 - 158
2009
Net operating
income
........... 17,976 8,967 7,107 1,260 641 6,498 (2,756) 39,693
----------- ----------- ------------ ---------- -------------- -------------- ------------- -------------
External
.............
.............
.. 16,734 8,352 6,056 1,283 767 6,501 - 39,693
Inter-segment
.............
...... 1,242 615 1,051 (23) (126) (3) (2,756) -
----------
Profit/(loss)
for the year
includes
the following
significant
non-cash items:
Depreciation,
amortisation
and
impairment
............. 1,039 342 215 37 515 390 - 2,538
Loan
impairment
losses gross
of recoveries
and other
credit risk
provisions
..... 5,833 534 1,028 1,361 15,757 2,865 - 27,378
Impairment of
financial
investments
.............
..... 137 129 50 4 38 - - 358
Changes in fair
value of
long-term debt
and related
derivatives
................
........ (2,746) (3) (1) - (3,497) - - (6,247)
Restructuring
costs
................ 79 7 42 2 153 17 - 300
Balance sheet information
Rest Intra-
of HSBC
Hong Asia- North Latin items
Europe Kong Pacific MENA America America Total
US$m US$m US$m US$m US$m US$m US$m US$m
At 31
December
2011
Loans and
advances
to
customers
(net)
...........
...... 434,336 157,665 123,868 25,875 142,747 55,938 - 940,429
Interests in
associates
and
joint
ventures
...........
......... 150 196 17,916 2,036 101 - - 20,399
Total assets
...........
...........
.... 1,281,945 473,024 317,816 57,464 504,302 144,889 (223,861) 2,555,579
Customer
accounts
...........
..... 493,404 315,345 174,012 36,422 155,982 78,760 - 1,253,925
Total
liabilities
...........
.......... 1,224,386 458,179 288,485 49,005 464,990 128,302 (223,861) 2,389,486
Capital
expenditure
incurred(1) 1,177 432 207 29 342 951 - 3,138
At 31
December
2010
Loans and
advances
to
customers
(net)
...........
...... 435,799 140,691 108,731 24,626 190,532 57,987 - 958,366
Interests in
associates
and
joint
ventures
...........
......... 186 207 15,035 1,661 104 5 - 17,198
Total assets
...........
...........
.... 1,249,527 429,565 278,062 52,757 492,487 139,938 (187,647) 2,454,689
Customer
accounts
...........
..... 491,563 297,484 158,155 33,511 158,486 88,526 - 1,227,725
Total
liabilities
...........
.......... 1,189,996 422,101 246,989 45,379 459,301 123,655 (187,647) 2,299,774
Capital
expenditure
incurred(1) 865 836 168 46 774 788 - 3,477
At 31
December
2009
Loans and
advances
to
customers
(net)
...........
...... 439,481 99,381 80,043 22,844 206,853 47,629 - 896,231
Interests in
associates
and
joint
ventures
...........
......... 147 157 11,083 1,573 42 9 - 13,011
Total assets
...........
...........
.... 1,268,600 399,243 222,139 48,107 475,014 115,967 (164,618) 2,364,452
Customer
accounts
...........
..... 495,019 275,441 133,999 32,529 149,157 72,889 - 1,159,034
Total
liabilities
...........
.......... 1,213,907 384,912 203,243 42,325 447,530 101,492 (164,618) 2,228,791
Capital
expenditure
incurred(1) 983 290 159 102 658 540 - 2,732
1 Expenditure incurred on property, plant and equipment and other intangible assets. Excludes assets acquired as part of business combinations and goodwill.
Other financial information
Net operating income by global business
Intra-
HSBC
RBWM(1) CMB GB&M(1) GPB Other(2) items Total
US$m US$m US$m US$m US$m US$m US$m
2011
Net
operating
income
...........
. 24,214 13,873 16,073 3,206 9,145 (6,358) 60,153
--------- --------------- -------------- -------------- ----------------- --------------- ----------------
External
........
........
........
..... 22,705 13,624 18,897 2,121 2,806 - 60,153
Internal
........
........
........
...... 1,509 249 (2,824) 1,085 6,339 (6,358) -
--------- --------------- -------------- -------------- ----------------- --------------- ----------------
2010
Net
operating
income
...........
. 22,352 12,029 17,922 3,105 4,663 (5,863) 54,208
--------- --------------- -------------- -------------- ----------------- --------------- ----------------
External
........
........
........
..... 20,797 11,419 20,822 2,194 (1,024) - 54,208
Internal
........
........
........
...... 1,555 610 (2,900) 911 5,687 (5,863) -
--------- --------------- -------------- -------------- ----------------- --------------- ----------------
2009
Net
operating
income
...........
. 16,395 9,571 17,770 2,984 (2,031) (4,996) 39,693
--------- --------------- -------------- -------------- ----------------- --------------- ----------------
External
........
........
........
..... 14,847 9,285 20,340 2,275 (7,054) - 39,693
Internal
........
........
........
...... 1,548 286 (2,570) 709 5,023 (4,996) -
--------- --------------- -------------- -------------- ----------------- --------------- ----------------
1 With effect from 1 March 2011, our Global Asset Management business was moved from GB&M to RBWM. This resulted in a reallocation between the two of US$1,035m and US$882m in net operating income in 2010 and 2009, respectively. The numbers have been adjusted accordingly.
2 The main items reported in the 'Other' category are certain property activities, unallocated investment activities, centrally held investment companies, movements in fair value of own debt and HSBC's holding company and financing operations. The 'Other' category also includes gains and losses on the disposal of certain significant subsidiaries or business units.
Information by country
2011 2010 2009
------------------------------------ --------------------------------- ---------------------------------
External External External
net Non- net Non- net Non-
operating current operating current operating current
income(1) assets(2) income(1) assets(2) income(1) assets(2)
US$m US$m US$m US$m US$m US$m
UK
.........
.........
.........
.........
.........
.........
........ 13,940 21,414 11,467 19,661 9,958 19,704
Hong Kong
.........
.........
.........
.........
.........
..... 9,442 6,257 9,170 4,630 8,352 3,374
USA
.........
.........
.........
.........
.........
.........
...... 6,193 3,830 6,098 6,669 (1,042) 5,499
France
.........
.........
.........
.........
.........
.........
... 2,570 10,790 3,185 10,914 3,322 11,782
Brazil
.........
.........
.........
.........
.........
.........
.... 5,282 2,149 4,506 2,025 3,368 1,868
Other
countries
.........
.........
.........
.........
....... 22,726 31,590 19,782 29,747 15,735 25,557
60,153 76,030 54,208 73,646 39,693 67,784
-------------- -------------------- ----------- -------------------- ----------- --------------------
1 External net operating income is attributed to countries on the basis of the location of the branch responsible for reporting the results or advancing the funds.
2 Non-current assets consist of property, plant and equipment, goodwill, other intangible assets, interests in associates and joint ventures and certain other assets expected to be recovered more than twelve months after the reporting period.
14 Analysis of financial assets and liabilities by measurement basis
Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The summary of significant accounting policies in Note 2 describes how the classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the carrying amounts of the financial assets and liabilities by category as defined in IAS 39 and by balance sheet heading.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACSUBSKRUAAOURR
|
