STATEMENT OF PROFIT OR LOSS OR OTHER COMPREHENSIVE INCOME
For the year ended 31 December 2015

Note

  

2015
AFN ‘000

  

2014
AFN ‘000

Interest income

20

  

1,080,742

  

1,067,557

Interest expense

21

  

(6,016)

  

(2,728)

Net interest income

 

  

1,074,726

  

1,064,829

Fee and commission income

22

  

679,548

  

615,533

Fee and commission expense

23

  

(16,672)

  

(13,935)

Net fee and commission income

 

  

662,876

  

601,598

Income from dealing in foreign currencies

24

  

193,633

  

216,672

 

 

  

1,931,235

  

1,883,099

Other (expense)/income

25

  

(1,205)

  

76,537

Gain/(loss) on sale of securities

 

  

3,659

  

(16,307)

Provision against loan losses

 

 

(98,873)

  

(127,659)
Provision on investments     (13,555)   (7,715)
Provision on placements     (24,623)   (52,460)

Reversal of provision on participation purchased

 

  –  

2,663

General and administrative expenses

26

   (1,207,322)  

(1,194,898)

PROFIT BEFORE INCOME TAX

 

   589,316  

563,260

Taxation

27

   (65,451)  

(63,406)

PROFIT FOR THE YEAR

 

   523,865  

499,854

OTHER COMPREHENSIVE INCOME

 

  

 

  

 
Items that may classify to profit and loss subsequently        

Net change in fair value on available for sale financial instruments

 

   (45,395)  

106,709

Related tax

 

   9,079  

(20,795)

Other comprehensive income, net of tax

 

   (36,316)  

85,914

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

 

   487,549  

585,768

Earnings per share

30

   17.46  

16.66