housing - National Housing Finance Corporation
housing - National Housing Finance Corporation
housing - National Housing Finance Corporation
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NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2006<br />
CONTINUED<br />
29. SEGMENTAL INFORMATION (continued)<br />
Geographical segmental analysis of income statement<br />
Other<br />
provinces<br />
Gauteng<br />
Mpumalanga<br />
KwaZulu-<br />
Natal<br />
Eastern<br />
Cape<br />
Western<br />
Cape<br />
Total<br />
2006<br />
R’000<br />
Total<br />
2005<br />
R’000<br />
Revenue – 2006 Lending<br />
income 2 881 11 266 15 289 9 334 6 833 (411) 60 118<br />
Investment income 95 812<br />
Revenue – 2005 Lending<br />
income 1 692 11 036 33 964 6 534 6 587 4 370 — 69 620<br />
Investment income — 111 465<br />
155 930 181 085<br />
<strong>Finance</strong> costs — (15 279)<br />
Net interest income 155 930 165 806<br />
Provision for doubtful debts 1 092 (28 353)<br />
Net income 157 022 137 453<br />
Non-interest and other<br />
income 13 414 20 045<br />
Operating income 170 436 157 498<br />
Operating costs (62 143) (64 079)<br />
Profit before taxation 108 293 93 419<br />
Taxation (31 392) (28 341)<br />
Profit for the year 76 901 65 078<br />
64<br />
NHFC ANNUAL REPORT 2006