Financial Highlights

The Hongkong and Shanghai Banking Corporation Limited

	2010	2009
For the year	HK$m	HK$m
		Restated ¹
Net operating income before loan impairment charges	131,566	117,998
Profit before tax	77,885	62,093
Profit attributable to shareholders	57,597	45,396

At the year-end
Shareholder's equity	320,130	260,202
Total equity	347,435	286,627
Total capital base	236,720	220,612
Customer accounts	3,313,244	2,944,539
Total assets	5,039,918	4,360,748

Ratios	%	%
Return on average shareholders' equity	21.1	19.8
Post-tax return on average total assets	1.33	1.14
Cost efficiency ratio	45.8	44.4
Net interest margin	1.83	1.92
Capital adequacy ratios
- core capital	11.7	12.2
- total capital	14.7	16.1

1. Restated for the amendment of HKAS 17 'Leases'.