Annual Report 2007 - Investing In Africa
Annual Report 2007 - Investing In Africa
Annual Report 2007 - Investing In Africa
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Consolidated<br />
<strong>In</strong>come Statement<br />
Year ended 31 December<br />
<strong>2007</strong> 2006<br />
Note US$'000 US$'000<br />
<strong>In</strong>terest income 2 428,423 249,586<br />
<strong>In</strong>terest expense 2 (150,346) (68,183)<br />
Net interest income 278,077 181,403<br />
Fee and commission income 3 185,406 110,302<br />
Fee and commission expense 3 (2,980) (2,381)<br />
Net fee and commission income 182,426 107,921<br />
Operating lease rentals 174 5,022<br />
Dividend income 4 2,590 2,935<br />
Net trading income 5 70,584 41,619<br />
Gains less losses from investment securities 14 8<br />
Other operating income 10,122 9,556<br />
Impairment charge for credit losses 8 (19,148) (13,091)<br />
Administrative expenses 6 (332,096) (205,234)<br />
Other operating expenses 7 (2,173) (840)<br />
Profit before income tax 190,570 129,299<br />
<strong>In</strong>come tax expense 9 (51,634) (42,934)<br />
Profit for the year 138,936 86,365<br />
Attributable to:<br />
Equity holders of the parent 107,373 69,350<br />
Minority interest 31,563 17,015<br />
138,936 86,365<br />
Earnings per share for profit attributable to the equity holders<br />
of the parent company during the year (expressed in United States cents per share):<br />
basic 10 7.97 5.53<br />
diluted 10 7.71 5.53<br />
The notes on pages 88 to 111 are an integral part of these consolidated financial statements<br />
52
Change language