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Statement of Income
(Unaudited)
For the six months ended 30 June 2002 |
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| |
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6 months
ended 30
June 2002
RO'000
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6 months
ended 30
June 2001
RO'000
|
| Interest
income |
|
50,089 |
|
55,416 |
| Interest
expense |
|
17,770 |
|
30,088 |
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|
32,319 |
|
25,328 |
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|
|
| Interest expense
on subordinated liabilities |
|
3,915 |
|
3,155 |
| Net interest
income |
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28,404 |
|
22,173 |
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|
|
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| Investment
income |
|
403 |
|
623 |
| Other
operating
income |
|
7,512 |
|
5,043 |
| Net operating
income |
|
36,319 |
|
27,839 |
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|
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| Other
operating expenses |
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15,644 |
|
12,341 |
| Depreciation |
|
1,304 |
|
1,202 |
| Total operating
expenses |
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16,948 |
|
13,543 |
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|
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| Operating Profit |
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19,371 |
|
14,296 |
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| Provision
for possible credit losses |
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6,292 |
|
5,000 |
| Recoveries
from provision for loan losses |
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(1,198) |
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(399) |
| Net profit before tax |
|
14,277 |
|
9,695 |
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| Taxation |
|
2,098 |
|
1,326 |
| Net profit after tax
for the period |
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12,179 |
|
8,369 |
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