Annual Report 2007
Annual Report 2007
Annual Report 2007
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Income Statement<br />
For the years ended as at 31 December <strong>2007</strong> and 2006<br />
in thousand Meticais<br />
Notes <strong>2007</strong> 2006<br />
Interest and similar income 13 284,744 171,240<br />
Interest expense and similar charges 14 (36,648) (16,978)<br />
Net interest income 248,096 154,262<br />
Fee and commission income 17 13,056 9,362<br />
Fee and commission charges (1,565) (493)<br />
Net fee and commission income 11,491 8,869<br />
Other income<br />
Income from financial operations 16 3,815 3,611<br />
Other operating income 18 16,777 10,090<br />
Other costs<br />
Administrative expenses 19 (201,800) (110,698)<br />
Depreciation and amortization charge 20 (14,835) (9,085)<br />
Impairment for losses on loans and other assets 15 (25,032) (12,226)<br />
Extraordinary results – –<br />
Profit / (loss) before tax 38,512 44,823<br />
Income tax (8,262) (7,225)<br />
Profit / (loss) for the year 30,250 37,598<br />
Ernesto Lisboa Yann Groeger<br />
The Accounting Technician The General Manager<br />
F i n a n c i a l S tat e m e n t s 1
Change language