hsba201403256k14.htm
FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of March
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
 
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F   X              Form 40-F ......
 
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934).
 
Yes.......          No    X
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ..............).
 
 


 

 
 
Analysis by global business
HSBC profit/(loss) before tax and balance sheet data
 
 
2013
 
Retail
Banking
and Wealth
Management
US$m
  
Commercial
Banking
US$m
  
Global
Banking
and
Markets
US$m
  
Global
Private
Banking
US$m
  
Other39
US$m
  
Inter-
segment
elimination49
US$m
  
Total
US$m
Profit/(loss) before tax
                          
                           
Net interest income/(expense)
18,339
  
10,200
  
6,766
  
1,146
  
(737)
  
(175)
  
35,539
                           
Net fee income ......................
7,021
  
4,717
  
3,482
  
1,150
  
64
  
−
  
16,434
                           
Trading income/(expense) excluding net interest
income ...............................
689
  
649
  
4,953
  
390
  
(38)
  
−
  
6,643
Net interest income/(expense)
on trading activities ............
(3)
  
−
  
1,827
  
4
  
44
  
175
  
2,047
                           
Net trading income44 ..............
686
  
649
  
6,780
  
394
  
6
  
175
  
8,690
                           
Changes in fair value of long-
term debt issued and related derivatives ..........................
−
  
-
  
-
  
-
  
(1,228)
  
-
  
(1,228)
Net income/(expense) from
other financial instruments
designated at fair value .......
1,638
  
332
  
599
  
4
  
(576)
  
(1)
  
1,996
                           
Net income/(expense) from financial instruments
designated at fair value .......
1,638
  
332
  
599
  
4
  
(1,804)
  
(1)
  
768
Gains less losses from
financial investments .........
55
  
1
  
747
  
(3)
  
1,212
  
−
  
2,012
Dividend income ....................
21
  
15
  
129
  
8
  
149
  
−
  
322
Net earned insurance premiums
10,543
  
1,375
  
6
  
16
  
−
  
−
  
11,940
Other operating income/
(expense) ...........................
544
  
621
  
670
  
(239)
  
6,761
  
(5,725)
  
2,632
                           
Total operating income ......
38,847
  
17,910
  
19,179
  
2,476
  
5,651
  
(5,726)
  
78,337
                           
Net insurance claims50 ............
(12,107)
  
(1,545)
  
(3)
  
(37)
  
−
  
−
  
(13,692)
                           
Net operating income4 .......
26,740
  
16,365
  
19,176
  
2,439
  
5,651
  
(5,726)
  
64,645
                           
Loan impairment charges and other credit risk provisions .
(3,227)
  
(2,384)
  
(207)
  
(31)
  
−
  
−
  
(5,849)
                           
Net operating income .........
23,513
  
13,981
  
18,969
  
2,408
  
5,651
  
(5,726)
  
58,796
                           
Employee expenses51 .............
(5,219)
  
(2,327)
  
(3,549)
  
(776)
  
(7,325)
  
−
  
(19,196)
Other operating expenses .......
(12,029)
  
(4,722)
  
(6,411)
  
(1,453)
  
(471)
  
5,726
  
(19,360)
                           
Total operating expenses .......
(17,248)
  
(7,049)
  
(9,960)
  
(2,229)
  
(7,796)
  
5,726
  
(38,556)
                           
Operating profit/(loss) .......
6,265
  
6,932
  
9,009
  
179
  
(2,145)
  
−
  
20,240
                           
Share of profit/(loss) in
associates and joint ventures
384
  
1,509
  
432
  
14
  
(14)
  
−
  
2,325
                           
Profit/(loss) before tax .......
6,649
  
8,441
  
9,441
  
193
  
(2,159)
  
−
  
22,565
                           
 
%
  
%
  
%
  
%
  
%
      
%
Share of HSBC's profit
before tax ...........................
29.5
  
37.4
  
41.8
  
0.9
  
(9.6)
      
100.0
Cost efficiency ratio ..............
64.5
  
43.1
  
51.9
  
91.4
  
138.0
      
59.6
                           
Balance sheet data40
                          
 
US$m
  
US$m
  
US$m
  
US$m
  
US$m
      
US$m
Loans and advances to
customers (net) ..................
375,115
  
297,852
  
360,659
  
44,224
  
2,454
      
1,080,304
Total assets ...........................
517,085
  
360,623
  
1,975,509
  
97,655
  
171,812
  
(451,366)
  
2,671,318
Customer accounts .................
579,994
  
354,298
  
450,315
  
96,770
  
1,435
      
1,482,812
 

 
 
2012
 
Retail
Banking
and Wealth
Management
US$m
  
Commercial
Banking
US$m
  
Global
Banking
and
Markets
US$m
  
Global
Private
Banking
US$m
  
Other39
US$m
  
Inter-
segment
elimination49
US$m
  
Total
US$m
Profit before tax
                          
                           
Net interest income/(expense)
20,298
  
10,361
  
6,960
  
1,294
  
(730)
  
(511)
  
37,672
                           
Net fee income ......................
7,205
  
4,470
  
3,329
  
1,232
  
194
  
-
  
16,430
                           
Trading income/(expense) excluding net interest
income ...............................
276
  
617
  
3,588
  
476
  
(549)
  
-
  
4,408
Net interest income on
trading activities .................
28
  
16
  
2,102
  
14
  
12
  
511
  
2,683
                           
Net trading income/(expense)44
304
  
633
  
5,690
  
490
  
(537)
  
511
  
7,091
                           
Changes in fair value of long-
term debt issued and related derivatives ..........................
-
  
-
  
-
  
-
  
(4,327)
  
-
  
(4,327)
Net income/(expense) from
other financial instruments
designated at fair value .......
1,893
  
250
  
1,094
  
-
  
(1,136)
  
-
  
2,101
                           
Net income/(expense) from financial instruments
designated at fair value .......
1,893
  
250
  
1,094
  
-
  
(5,463)
  
-
  
(2,226)
Gains less losses from
financial investments .........
96
  
22
  
730
  
(3)
  
344
  
-
  
1,189
Dividend income ....................
24
  
18
  
148
  
6
  
25
  
-
  
221
Net earned insurance premiums
11,191
  
1,786
  
25
  
42
  
-
  
-
  
13,044
Gains on disposal of US branch network, US cards business
and Ping An .......................
3,735
  
277
  
-
  
-
  
3,012
  
-
  
7,024
Other operating income .........
1,472
  
536
  
313
  
151
  
5,487
  
(5,859)
  
2,100
                           
Total operating income .........
46,218
  
18,353
  
18,289
  
3,212
  
2,332
  
(5,859)
  
82,545
                           
Net insurance claims50 ............
(12,357)
  
(1,802)
  
(16)
  
(40)
  
-
  
-
  
(14,215)
                           
Net operating income4 ...........
33,861
  
16,551
  
18,273
  
3,172
  
2,332
  
(5,859)
  
68,330
                           
Loan impairment charges and other credit risk provisions .
(5,515)
  
(2,099)
  
(670)
  
(27)
  
-
  
-
  
(8,311)
                           
Net operating income ............
28,346
  
14,452
  
17,603
  
3,145
  
2,332
  
(5,859)
  
60,019
                           
Employee expenses51 .............
(5,532)
  
(2,247)
  
(3,764)
  
(915)
  
(8,033)
  
-
  
(20,491)
Other operating expenses .......
(14,237)
  
(5,351)
  
(6,143)
  
(1,228)
  
(1,336)
  
5,859
  
(22,436)
                           
Total operating expenses .......
(19,769)
  
(7,598)
  
(9,907)
  
(2,143)
  
(9,369)
  
5,859
  
(42,927)
                           
Operating profit/(loss) ...........
8,577
  
6,854
  
7,696
  
1,002
  
(7,037)
  
-
  
17,092
                           
Share of profit in associates
and joint ventures ...............
998
  
1,681
  
824
  
7
  
47
  
-
  
3,557
                           
Profit/(loss) before tax ...........
9,575
  
8,535
  
8,520
  
1,009
  
(6,990)
  
-
  
20,649
                           
 
%
  
%
  
%
  
%
  
%
      
%
Share of HSBC's profit
before tax ...........................
46.4
  
41.3
  
41.3
  
4.9
  
(33.9)
      
100.0
Cost efficiency ratio ..............
58.4
  
45.9
  
54.2
  
67.6
  
-
      
62.8
                           
Balance sheet data40
                          
 
US$m
  
US$m
  
US$m
  
US$m
  
US$m
      
US$m
Loans and advances to
customers (net) ..................
378,040
  
288,033
  
283,842
  
45,213
  
2,495
      
997,623
Total assets ...........................
536,244
  
363,659
  
1,942,470
  
118,440
  
201,741
  
(470,016)
  
2,692,538
Customer accounts .................
562,151
  
338,405
  
332,115
  
105,772
  
1,571
      
1,340,014
 
 
For footnotes, see page 132.
 

 

  
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 HSBC Holdings plc
 
 
 
 
 
                                                       By:
 
                                                                                       Name: Ben J S Mathews
 
                                                                                                 Title: Group Company Secretary
                     
                                                                                 Date: 25 March 2014