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Bahamas - FirstCaribbean International Bank

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Consolidated Statement of Income<br />

For the year ended October 31, 2007<br />

(expressed in thousands of Bahamian dollars)<br />

Notes 2007 2006<br />

$ $<br />

(Restated)<br />

Interest and similar income 288,601 245,479<br />

Interest and similar expense 141,441 91,407<br />

Net interest income 19 147,160 154,072<br />

Other operating income 20 32,143 17,825<br />

Total operating income 179,303 171,897<br />

Operating expenses 21 57,104 65,873<br />

Loan loss impairment 9 12,339 5,324<br />

Total operating expenses 69,443 71,197<br />

Net income for the year 109,860 100,700<br />

Earnings per share<br />

(expressed in cents per share)<br />

– basic 22 91.4 83.8<br />

– diluted 22 91.4 83.8<br />

See accompanying notes.<br />

See Auditors’ Report Page 56.<br />

58

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