Income Statement (US $)
Income Statement (US $)
GROUP | BANK | |||||
For the year ended December 31, | 2013 | 2012 | Change | 2013 | 2012 | Change |
US $ ’000 | US $ ’000 | % | US $ ’000 | US $ ’000 | % | |
Gross income | 558,026 | 495,107 | 12.71 | 558,470 | 495,274 | 12.76 |
Interest income | 474,637 | 411,429 | 15.36 | 474,710 | 411,605 | 15.33 |
Less: interest expenses | 281,337 | 232,901 | 20.80 | 281,517 | 233,050 | 20.80 |
Net interest income | 193,300 | 178,528 | 8.27 | 193,193 | 178,555 | 8.20 |
Fees and commission income | 37,253 | 32,397 | 14.99 | 37,225 | 32,395 | 14.91 |
Less: fees and commission expenses | 4,788 | 4,286 | 11.71 | 4,788 | 4,286 | 11.71 |
Net fees and commission income | 32,465 | 28,111 | 15.49 | 32,437 | 28,109 | 15.40 |
Net gain/(loss) from trading | (12,412) | 19,487 | (163.69) | (12,412) | 19,487 | (163.69) |
Net gain/(loss) from financial instruments designated at fair value through profit or loss |
– | – | – | – | – | – |
Net gain/(loss) from financial investments | 10,302 | 246 | 4,087.80 | 10,302 | 246 | 4,087.80 |
Other income (net) | 48,246 | 31,548 | 52.93 | 48,645 | 31,541 | 54.23 |
Total operating income | 271,901 | 257,920 | 5.42 | 272,165 | 257,938 | 5.52 |
Impairment charges for loans and other losses | 35,117 | 24,674 | 42.32 | 35,323 | 24,975 | 41.43 |
Net operating income | 236,784 | 233,246 | 1.52 | 236,842 | 232,963 | 1.67 |
Less: Expenses | ||||||
Personnel expenses | 63,099 | 61,228 | 3.06 | 62,490 | 60,701 | 2.95 |
Other expenses | 46,550 | 44,770 | 3.98 | 48,554 | 45,054 | 7.77 |
Operating profit before value added tax (VAT) | 127,135 | 127,248 | (0.09) | 125,798 | 127,208 | (1.11) |
Less: Value added tax (VAT) on financial services | 15,030 | 15,526 | (3.19) | 15,030 | 15,526 | (3.19) |
Operating profit after value added tax (VAT) | 112,105 | 111,722 | 0.34 | 110,768 | 111,682 | (0.82) |
Share of profits/(losses) of associates | 54 | 97 | (44.33) | – | – | – |
Profit before income tax | 112,159 | 111,819 | 0.30 | 110,768 | 111,682 | (0.82) |
Less: Income tax expense | 31,445 | 33,061 | (4.89) | 31,031 | 32,789 | (5.36) |
Profit for the year | 80,714 | 78,758 | 2.48 | 79,737 | 78,893 | 1.07 |
Profit attributable to: | ||||||
Equity holders of the Bank | 80,637 | 78,748 | 2.40 | 79,737 | 78,893 | 1.07 |
Non-controlling interest | 77 | 10 | 670.00 | – | – | – |
80,714 | 78,758 | 2.48 | 79,737 | 78,893 | 1.07 | |
Basic earnings per share (US $) | 0.10 | 0.09 | 11.11 | 0.09 | 0.09 | – |
Diluted earnings per share (US $) | 0.09 | 0.09 | – | 0.09 | 0.09 | – |
Dividend per ordinary share (US $) | – | – | – | 0.05 | 0.05 | – |
US $ Accounts
The Income Statement and the Statement of Financial Position are solely for the convenience of shareholders, investors, bankers and other users of Financial Statements and do not form part of the Financial Statements.