CONTENTS - Investing In Africa
CONTENTS - Investing In Africa
CONTENTS - Investing In Africa
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CONSOLIDATED INCOME STATEMENT<br />
for the year ended 31st December 2007<br />
2007 2006<br />
Note KShs’000 KShs’000<br />
INTEREST INCOME 22 9,373,389 7,064,400<br />
INTEREST EXPENSE 23 (921,822 ) (750,928 )<br />
Net interest income 8,451,567 6,313,472<br />
FEES AND COMMISSION INCOME 4,524,178 3,780,573<br />
FEES AND COMMISSION EXPENSE (243,877 ) (210,316 )<br />
4,280,301 3,570,257<br />
Dividend income 24 23,961 42,534<br />
Gain on foreign exchange 838,890 658,595<br />
Other operating income 25 540,036 952,028<br />
5,683,188 5,223,414<br />
Operating income 14,134,755 11,536,886<br />
Bad and doubtful debts expense 10.2 (748,152 ) (752,939 )<br />
Other operating expenses 26 (9,160,621 ) (7,617,194 )<br />
PROFIT BEFORE TAXATION 4,225,982 3,166,753<br />
TAXATION 8.2 (1,251,410 ) (734,875 )<br />
PROFIT AFTER TAXATION 2,974,572 2,431,878<br />
EARNINGS PER SHARE<br />
Basic and diluted earnings per share (KShs.) 27 1.49 1.22<br />
36 KCB ANNUAL REPORT & FINANCIAL STATEMENTS 2007
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