GROUP				BANK
For the year ended December 31,		2015 US $ ’000	2014 US $ ’000	Change %		2015 US $ ’000	2014 US $ ’000	Change %
Gross income		542,667	551,254	(1.56)		540,187	550,528	(1.88)
Interest income		460,210	468,656	(1.80)		458,068	467,893	(2.10)
Less: Interest expenses		248,158	261,922	(5.25)		247,556	261,901	(5.48)
Net interest income		212,052	206,734	2.57		210,512	205,992	2.19
Fees and commission income		43,912	42,480	3.37		43,533	42,321	2.86
Less: Fees and commission expenses		6,379	5,784	10.29		6,252	5,763	8.49
Net fees and commission income		37,533	36,696	2.28		37,281	36,558	1.98
Net gains/(losses) from trading		5,643	(2,312)	(344.07)		5,643	(2,312)	(344.07)
Net gains/(losses) from financial instruments designated at fair value through profit or loss		–	–	–		–	–	–
Net gains/(losses) from financial investments		4,814	17,197	(72.01)		4,814	17,197	(72.01)
Other income (net)		28,088	25,233	11.31		28,130	25,429	10.62
Total operating income		288,130	283,548	1.62		286,380	282,864	1.24
Less: Impairment charges for loans and other losses		28,441	24,280	17.14		27,355	24,435	11.95
Net operating income		259,689	259,268	0.16		259,025	258,429	0.23
Less: Expenses
Personnel expenses		71,181	67,774	5.03		70,625	67,371	4.83
Depreciation and amortisation		8,367	9,550	(12.39)		7,921	9,085	(12.81)
Other operating expenses		41,308	41,635	(0.79)		41,505	42,546	(2.45)
Total operating expenses		120,856	118,959	1.59		120,052	119,002	0.88
Operating profit before Value Added Tax (VAT) and Nation Building Tax (NBT)		138,833	140,309	(1.05)		138,974	139,427	(0.32)
Less: Value Added Tax (VAT) on financial services and Nation Building Tax (NBT)		20,050	20,345	(1.45)		20,044	20,348	(1.49)
Operating profit after Value Added Tax (VAT) and Nation Building Tax (NBT)		118,783	119,964	(0.98)		118,930	119,079	(0.13)
Share of profits of associates, net of tax		95	50	90.00		–	–	–
Profit before tax		118,878	120,014	(0.95)		118,930	119,079	(0.13)
Less: Income tax expense		36,607	34,939	4.77		36,354	34,476	5.45
Profit for the year		82,271	85,075	(3.30)		82,575	84,603	(2.40)
Profit Attributable to:
Equity holders of the Bank		82,243	85,045	(3.29)		82,576	84,603	(2.40)
Non-controlling interest		28	30	(6.67)		–	–	–
Profit for the year		82,271	85,075	(3.30)		82,576	84,603	(2.40)
Earnings per Share
Basic earnings per ordinary share (US $)		0.09	0.10	(10.00)		0.09	0.10	(10.00)
Diluted earnings per ordinary share (US $)		0.09	0.10	(10.00)		0.09	0.10	(10.00)

US Dollar Accounts

The Income Statement and the Statement of Financial Position given are solely for the convenience of stakeholders and do not form part of the Financial Statements.