Statement of Comprehensive Income
Note |
2012 |
2011 |
|||
Interest income |
19 |
1,057,205 |
795,031 |
||
Interest expense |
20 |
(2,730) |
(2,160) |
||
Net interest income |
|
1,054,475 |
792,871 |
||
Fee and commission income |
21 |
418,790 |
345,000 |
||
Fee and commission expense |
22 |
(14,379) |
(12,213) |
||
Net fee and commission income |
|
404,411 |
332,787 |
||
Income from dealing in foreign currencies |
23 |
159,883 |
187,090 |
||
|
|
1,618,769 |
1,312,748 |
||
Other income |
24 |
17,695 |
3,785 |
||
Provision against loan losses |
9.3 |
(37,814) |
(23,652) |
||
Provision on Investments |
8.4 |
(6,839) |
(18,138) |
||
Provision on short term placements |
7.3 |
16,639 |
(35,883) |
||
General and administrative expenses |
25 |
(1,004,051) |
(778,605) |
||
PROFIT BEFORE INCOME TAX |
|
604,399 |
460,255 |
||
Income Tax (Charge) |
26 |
(104,392) |
(81,336) |
||
PROFIT FOR THE YEAR |
|
500,007 |
378,919 |
||
OTHER COMPREHENSIVE INCOME |
|
|
|
||
Net change in fair value on available-for-sale financial investments – net of tax |
|
(36,940) |
(10,939) |
||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
463,067 |
367,980 |
||
Earnings per share – Basic and diluted (AFN) |
29 |
16.67 |
12.63 |