BankVic Annual Report 2019
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Statement of Comprehensive Income<br />
For the year ended 30 June <strong>2019</strong><br />
Note<br />
<strong>2019</strong><br />
$’000<br />
2018<br />
$’000<br />
Interest income 4a 75,653 67,811<br />
Interest expense 4b (31,136) (26,430)<br />
Net interest income 44,517 41,381<br />
Other income 4c 10,412 10,798<br />
Total income 54,929 52,179<br />
Impairment losses on loans and advances (net of recoveries) 4d 206 (194)<br />
Salaries and related expenses (18,747) (16,271)<br />
Card and payment expenses (7,202) (6,924)<br />
Other expenses 4e (13,132) (10,881)<br />
Total expenses (38,875) (34,270)<br />
Profit before income tax expense 16,054 17,909<br />
Income tax expense 5 (4,784) (5,272)<br />
Profit for the period 11,270 12,637<br />
Other comprehensive income - -<br />
Total comprehensive income 11,270 12,637<br />
Total comprehensive income available to members 11,270 12,637<br />
The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes.<br />
28 | BANKVIC // ANNUAL REPORT <strong>2019</strong>
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