HSBC Holdings Regulatory News (HSBA)

Europe

Asia

MENA

North

America

Latin

America

Intra-

HSBC items

Total

US$m

US$m

US$m

US$m

US$m

US$m

US$m

2013

Net interest income

10,693

11,432

1,486

5,742

6,186

-

35,539

Net fee income

6,032

5,936

622

2,143

1,701

-

16,434

Net trading income

4,423

2,026

357

948

936

-

8,690

Other income/(expense)

(181)

5,038

38

(30)

1,745

(2,628)

3,982

Net operating income1

20,967

24,432

2,503

8,803

10,568

(2,628)

64,645

Loan impairment (charges)/recoveries and other credit risk provisions

(1,530)

(498)

42

(1,197)

(2,666)

-

(5,849)

Net operating income

19,437

23,934

2,545

7,606

7,902

(2,628)

58,796

Employee compensation and benefits

(7,175)

(5,666)

(634)

(3,098)

(2,623)

-

(19,196)

General and administrative expenses

(9,479)

(3,660)

(607)

(3,051)

(2,896)

2,628

(17,065)

Depreciation and impairment of property, plant and equipment

(559)

(392)

(35)

(176)

(202)

-

(1,364)

Amortisation and impairment of intangible assets

(400)

(218)

(13)

(91)

(209)

-

(931)

Total operating expenses

(17,613)

(9,936)

(1,289)

(6,416)

(5,930)

2,628

(38,556)

Operating profit

1,824

13,998

1,256

1,190

1,972

-

20,240

Share of profit in associates and jointventures

1

1,855

438

31

-

-

2,325

Profit before tax

1,825

15,853

1,694

1,221

1,972

-

22,565

Tax expense

(1,279)

(2,170)

(328)

(313)

(675)

-

(4,765)

Profit for the year

546

13,683

1,366

908

1,297

-

17,800

2012

Net interest income

10,394

10,707

1,470

8,117

6,984

-

37,672

Net fee income

6,169

5,418

595

2,513

1,735

-

16,430

Net trading income

2,707

2,516

390

507

971

-

7,091

Gains on disposal of US branch network,US cards business and Ping An

-

3,012

-

4,012

-

-

7,024

Other income/(expense)

(1,662)

3,679

(25)

(456)

1,261

(2,684)

113

Net operating income1

17,608

25,332

2,430

14,693

10,951

(2,684)

68,330

Loan impairment charges and othercredit risk provisions

(1,921)

(510)

(286)

(3,457)

(2,137)

-

(8,311)

Net operating income

15,687

24,822

2,144

11,236

8,814

(2,684)

60,019

Employee compensation and benefits

(8,070)

(5,712)

(652)

(3,243)

(2,814)

-

(20,491)

General and administrative expenses

(10,059)

(3,619)

(459)

(5,413)

(3,117)

2,684

(19,983)

Depreciation and impairment of property, plant and equipment

(597)

(427)

(44)

(195)

(221)

-

(1,484)

Amortisation and impairment of intangible assets

(369)

(222)

(11)

(89)

(278)

-

(969)

Total operating expenses

(19,095)

(9,980)

(1,166)

(8,940)

(6,430)

2,684

(42,927)

Operating profit/(loss)

(3,408)

14,842

978

2,296

2,384

-

17,092

Share of profit/(loss) in associates and joint ventures

(6)

3,188

372

3

-

-

3,557

Profit/(loss) before tax

(3,414)

18,030

1,350

2,299

2,384

-

20,649

Tax expense

(173)

(2,711)

(254)

(1,313)

(864)

-

(5,315)

Profit/(loss) for the year

(3,587)

15,319

1,096

986

1,520

-

15,334

Europe

Asia

MENA

North

America

Latin

America

Intra-

HSBC items

Total

US$m

US$m

US$m

US$m

US$m

US$m

US$m

2014

Net operating income1

21,571

23,677

2,548

8,152

8,272

(2,972)

61,248

- external

20,450

22,071

2,524

7,937

8,266

-

61,248

- inter-segment

1,121

1,606

24

215

6

(2,972)

-

Profit for the year includes the following significant non-cash items:

Depreciation, amortisation andimpairment

950

606

40

182

473

-

2,251

Loan impairment losses gross of recoveries and other credit risk provisions

1,066

800

37

437

2,466

-

4,806

Impairment of financial investments

(256)

286

-

14

10

-

54

Changes in fair value of long-term debt and related derivatives

614

(4)

(3)

(99)

-

-

508

Restructuring costs

117

7

2

28

57

-

211

2013

Net operating income1

20,967

24,432

2,503

8,803

10,568

(2,628)

64,645

- external

20,108

22,853

2,497

8,569

10,618

-

64,645

- inter-segment

859

1,579

6

234

(50)

(2,628)

-

Profit for the year includes the following significant non-cash items:

Depreciation, amortisation andimpairment

957

610

48

303

412

-

2,330

Loan impairment losses gross of recoveries and other credit risk provisions

2,165

665

45

1,321

2,949

-

7,145

Impairment of financial investments

(61)

4

-

15

6

-

(36)

Changes in fair value of long-term debt and related derivatives

(936)

(1)

(3)

(288)

-

-

(1,228)

Restructuring costs

211

79

3

100

42

-

435

2012

Net operating income1

17,608

25,332

2,430

14,693

10,951

(2,684)

68,330

- external

16,405

23,893

2,455

14,566

11,011

-

68,330

- inter-segment

1,203

1,439

(25)

127

(60)

(2,684)

-

Profit for the year includes the following significant non-cash items:

Depreciation, amortisation andimpairment

966

649

55

363

499

-

2,532

Loan impairment losses gross of recoveries and other credit risk provisions

2,329

691

361

3,587

2,489

-

9,457

Impairment of financial investments

420

62

1

32

4

-

519

Changes in fair value of long-term debt and related derivatives

(3,091)

(4)

(13)

(1,219)

-

-

(4,327)

Restructuring costs

292

128

27

219

94

-

760

Europe

Asia

MENA

North

America

Latin

America

Intra-

HSBC items

Total

US$m

US$m

US$m

US$m

US$m

US$m

US$m

At 31 December 2014

Loans and advances to customers

409,733

362,955

29,063

129,787

43,122

-

974,660

Interests in associates and joint ventures

175

14,958

2,955

83

10

-

18,181

Total assets

1,290,926

878,723

62,417

436,859

115,354

(150,140)

2,634,139

Customer accounts

545,959

577,491

39,720

138,884

48,588

-

1,350,642

Total liabilities

1,223,371

807,998

52,569

398,356

102,007

(150,140)

2,434,161

Capital expenditure incurred1

1,168

637

25

208

348

-

2,386

At 31 December 2013

Loans and advances to customers

456,110

336,897

27,211

127,953

43,918

-

992,089

Interests in associates and joint ventures

169

13,822

2,575

74

-

-

16,640

Total assets

1,392,959

831,791

60,810

432,035

113,999

(160,276)

2,671,318

Customer accounts

581,933

548,483

38,683

140,809

51,389

-

1,361,297

Total liabilities

1,326,537

770,938

50,706

393,635

99,319

(160,276)

2,480,859

Capital expenditure incurred1

907

1,236

32

265

385

-

2,825

At 31 December 2012

Loans and advances to customers

436,141

310,665

28,086

134,475

53,605

-

962,972

Interests in associates and joint ventures

178

15,309

2,262

85

-

-

17,834

Total assets

1,389,240

804,709

62,605

490,247

131,277

(185,540)

2,692,538

Customer accounts

535,215

529,754

39,583

141,700

65,144

-

1,311,396

Total liabilities

1,327,487

749,561

53,498

450,480

113,923

(185,540)

2,509,409

Capital expenditure incurred1

925

544

102

248

458

-

2,277

RBWM

CMB

GB&M

GPB

Other1

Intra- HSBC items

Total

US$m

US$m

US$m

US$m

US$m

US$m

US$m

2014

Net operating income2

24,594

16,303

17,778

2,377

6,365

(6,169)

61,248

- external

22,692

16,879

20,055

1,980

(358)

-

61,248

- internal

1,902

(576)

(2,277)

397

6,723

(6,169)

-

2013

Net operating income2

26,740

16,365

19,176

2,439

5,651

(5,726)

64,645

- external

25,038

17,241

20,767

1,955

(356)

-

64,645

- internal

1,702

(876)

(1,591)

484

6,007

(5,726)

-

2012

Net operating income2

33,861

16,551

18,273

3,172

2,332

(5,859)

68,330

- external

31,980

17,295

20,410

2,413

(3,768)

-

68,330

- internal

1,881

(744)

(2,137)

759

6,100

(5,859)

-

2014

2013

2012

External net operating

income1,2

Non- current

assets3

External net

operating

income1,2

Non- current

assets3

External net

operating

income1,2

Non- current

assets3

US$m

US$m

US$m

US$m

US$m

US$m

UK

14,392

8,671

13,347

17,481

9,149

18,391

Hong Kong

12,656

12,376

12,031

12,170

11,307

11,657

USA

5,736

5,685

6,121

4,189

11,779

6,718

France

2,538

10,301

3,111

11,565

2,881

11,074

Brazil

4,817

1,403

5,364

1,715

6,395

2,017

Other countries

21,109

28,273

24,671

27,879

26,819

30,078

61,248

Year ended/at 31 December

61,248

66,709

64,645

74,999

68,330

79,935

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

Net operating income1

2014

Net operating income

21,571

13,844

10,546

2,548

8,152

8,272

(3,685)

61,248

- external

20,450

12,656

9,415

2,524

7,937

8,266

-

61,248

- inter-segment

1,121

1,188

1,131

24

215

6

(3,685)

-

2013

Net operating income

20,967

13,203

11,978

2,503

8,803

10,568

(3,377)

64,645

- external

20,108

12,031

10,822

2,497

8,569

10,618

-

64,645

- inter-segment

859

1,172

1,156