FirstCaribbean International Bank (Bahamas) Limited

Notes to Consolidated Financial Statements
For the year ended October 31, 2004
(expressed in thousands of Bahamian dollars)
23. Segmented information (continued)
2004 2003
Total Total Operating Total Total Operating
Income Expenses Profit Income Expenses Profit
Turks & Caicos 12,446 (4,055) 8,391 11,221 (8,373) 2,848
Bahamas 123,314 (69,808) 53,506 116,003 (60,270) 55,733
135,760 (73,863) 61,897 127,224 (68,643) 58,581
2004 2003
$ $
Total operating profit 61,897 58,581
Restructuring & integration charges (279) (177)
Goodwill amortisation – (9,855)
Net income 61,618 48,549
In the normal course of business various credit-related arrangements are entered into to meet the needs
of customers and earn income. These financial instruments are subject to the Bank’s standard credit policies
and procedures. Segment assets and liabilities comprise operating assets and liabilities, being the majority
of the balance sheet but excluding such items as other assets and other liabilities. The geographic
distribution of operating assets, operating liabilities and capital expenditures at October 31 was as follows:
2004 2003
Operating Operating Capital Operating Operating Capital
Assets Liabilities Expenditure Assets Liabilities Expenditure
Turks & Caicos 174,841 340,953 6,955 276,756 287,996 5,275
Bahamas 2,810,366 2,366,668 28,379 2,666,449 2,382,901 23,524
2,985,207 2,707,621 35,334 2,943,205 2,670,897 28,799
Off balance sheet financial instruments:
2004 2003
$ $
Turks & Caicos 69,794 16,942
Bahamas 202,577 244,202
272,371 261,144
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