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Statement of Comprehensive Income

Note

 

2011 AF

 

2010 AF

Interest income

19

 

795,031,511

 

600,613,422

Interest expense

20

 

(2,160,267)

 

(3,822,672)

Net interest income

 

792,871,244

 

596,790,750

Fee and commission income

21

 

345,000,463

 

261,702,619

Fee and commission expense

22

 

(12,213,440)

 

(8,649,236)

Net fee and commission income

 

332,787,023

 

253,053,383

Income from dealing in foreign currencies

23

 

187,089,872

 

127,586,540

 

 

1,312,748,139

 

977,430,673

Other income

24

 

3,784,921

 

9,595,717

Provision against loan losses

9.3

 

(23,651,963)

 

(36,177,221)

Provision on Investments and short term placements

8.4

 

(54,020,810)

 

General and administrative expenses

25

 

(778,605,820)

 

(628,673,937)

PROFIT BEFORE INCOME TAX

 

460,254,467

 

322,175,232

Income Tax (Charge)/Credit

26

 

(81,335,904)

 

4,101,760

PROFIT FOR THE YEAR

 

378,918,563

 

326,276,992

OTHER COMPREHENSIVE INCOME

 

 

Net change in fair value on available-for-sale financial
assets – net of tax

 

(10,938,829)

 

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

 

367,979,734

 

326,276,992

Earnings per share – Basic and diluted – restated

29

 

12.63

 

10.88

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