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annual report 2005 - Arab Banking Corporation, ALGERIA

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PROFIT AND LOSS ACCOUNT as at 31 st December <strong>2005</strong><br />

All figures in DZD thousands<br />

<strong>2005</strong> 2004 Variance<br />

Interest and similar charges 58 580 71 713 -18,31<br />

Fees and commissions 49 129 37 152 32,24<br />

Other operating expenses 1 568 934 67,99<br />

TOTAL A = OPERATING EXPENSES 109 277 109 800 -0,48<br />

Overhead operating expenses 512 795 463 532 10,63<br />

provisions and loss on bad loans 177 854 631 072 -71,82<br />

depreciation and provision or non tangible 100 670 105 463 -4,55<br />

unusual expenses 28 088 16 732 67,87<br />

taxation on profit 202 195 0 -<br />

TOTAL B = other expenses 1 021 602 1 216 799 -16,04<br />

A+B= TOTAL CHARGES 1 130 879 1 326 599 -14,75<br />

interests and similar income 808 988 572 332 41,35<br />

Commissions 615 500 353 455 74,14<br />

other banking operating income 7 091 4 814 47,28<br />

income from leasing and similar operations 1 560 240 550<br />

participation and other variable yield securities 21 906 11 040 98,4293<br />

TOTAL C = OPERATING INCOME 1 455 046 941 881 54,48<br />

D = OTHER INCOME 263 396 764 392 -66<br />

C+D = TOTAL INCOME 1 718 442 1 706 274 0,71<br />

NET PROFIT OF THE YEAR 587 563 379 675 54,75

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