|
New Page 1
|
Statement of Income
(Unaudited)
For the three months ended 31 March 2003 |
|
| |
3 months
ended
31 March 2003
RO'000
|
3 months
ended
31 March 2002
RO'000
|
| Interest
income |
|
25,830 |
|
25,206 |
| Interest
expense |
|
6,617 |
|
9,456 |
|
|
19,213 |
|
15,750 |
|
Interest expense on tier
II capital |
|
1,827 |
|
1,971 |
| Net interest
income |
|
17,386 |
|
13,779 |
|
|
|
|
|
| Investment
income |
|
67 |
|
83 |
| Other
operating
income |
|
4,123 |
|
3,702 |
| Net operating
income |
|
21,576 |
|
17,564 |
|
|
|
|
|
| Other
operating expenses |
|
8,901 |
|
7,185 |
| Depreciation |
|
718 |
|
626 |
| Total operating
expenses |
|
9,619 |
|
7,811 |
|
|
|
|
|
| Operating Profit |
|
11,957 |
|
9,753 |
|
|
|
|
|
| Provision
for possible credit losses |
|
5,227 |
|
3,016 |
| Recoveries
from provision for loan losses |
|
(660) |
|
(267) |
| Net profit before tax |
|
7,390 |
|
7,004 |
|
|
|
|
|
| Taxation |
|
1,020 |
|
959 |
| Net profit after tax
for the period |
|
6,370 |
|
6,045 |
|
|
|
|
|
|
|
|
