Income Statement (US Dollars)
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.