CONTENTS - Investing In Africa
CONTENTS - Investing In Africa
CONTENTS - Investing In Africa
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INCOME STATEMENT OF THE BANK<br />
for the year ended 31st December 2007<br />
2007 2006<br />
Note KShs’000 KShs’000<br />
INTEREST INCOME 22 8,527,122 6,567,773<br />
INTEREST EXPENSE 23 (789,826 ) (670,889 )<br />
Net interest income 7,737,296 5,896,884<br />
FEES AND COMMISSION INCOME 4,189,752 3,629,717<br />
FEES AND COMMISSION EXPENSE (243,877 ) (210,316 )<br />
3,945,875 3,419,401<br />
Dividend income 24 23,961 42,534<br />
Gain on foreign exchange 686,142 604,551<br />
Other operating income 25 423,818 884,628<br />
5,079,796 4,951,114<br />
Operating income 12,817,092 10,847,998<br />
Bad and doubtful debts expense 10.2 (699,576 ) (749,631 )<br />
Other operating expenses 26 (8,254,607 ) (7,063,458 )<br />
PROFIT BEFORE TAXATION 3,862,909 3,034,909<br />
TAXATION 8.2 (1,156,333 ) (680,230 )<br />
PROFIT AFTER TAXATION 2,706,576 2,354,679<br />
EARNINGS PER SHARE<br />
Basic and diluted earnings per share (KShs) 27 1.36 1.18<br />
38 KCB ANNUAL REPORT & FINANCIAL STATEMENTS 2007
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