Full ReportSTATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 December 2016
Note |
31 December 2016 |
31 December 2015 |
|||
Interest income |
20 |
1,071,271 |
1,080,742 |
||
Interest expense |
21 |
(13,346) |
(6,016) |
||
Net interest income |
|
1,057,925 |
1,074,726 |
||
Fee and commission income |
22 |
788,349 |
679,548 |
||
Fee and commission expense |
23 |
(31,492) |
(16,672) |
||
Net fee and commission income |
|
756,857 |
662,876 |
||
Income from dealing in foreign currencies |
24 |
144,023 |
193,633 |
||
|
|
1,958,805 |
1,931,235 |
||
Other income/(expense) |
25 |
55,717 |
(1,205) |
||
(Loss)/gain on sale of securities |
|
(477) |
3,659 |
||
Provision on placements |
|
(65,222) |
(24,623) |
||
| Provision on investments | (1,788) | (13,555) | |||
| Provision against loan losses | (79,818) | (98,873) | |||
General and administrative expenses |
26 |
(1,299,302) | (1,243,500) |
||
PROFIT BEFORE INCOME TAX |
|
567,915 | 553,138 |
||
Taxation |
27 |
(48,843) | (65,451) |
||
PROFIT FOR THE YEAR |
|
519,072 | 487,687 |
||
OTHER COMPREHENSIVE INCOME |
|
|
|||
Items that may be classified to profit and loss subsequently |
|
|
|
||
Net changes in fair value of available for sale financial instruments |
|
36,554 | (45,395) |
||
Related tax |
|
(7,215) | 9,079 |
||
Other comprehensive income/(loss), net of tax |
|
29,339 | (36,316) |
||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
548,411 | 451,371 |
||
Earnings per share |
30 |
17.30 | 16.26 |
Chief Executive Officer
Chief Financial Officer
Chairman