|
INCOME
STATEMENT - Group
| Results for the six months ended 30 September 2007 |
|
Group |
|
For the quarter ended |
For the six months ended |
| For the six months ended |
30.09.07
Rs 000 |
30.09.06
Rs 000 |
30.09.07
Rs 000 |
30.09.06
Rs 000 |
|
|
|
|
|
| Income |
2,861,309 |
1,843,832 |
5,599,573 |
3,603,540 |
|
|
|
|
|
|
| Interest income |
2,548,840 |
1,624,187 |
4,956,075 |
3,117,575 |
| Interest income on loans & advances |
2,240,876 |
1,485,951 |
4,323,843 |
2,836,624 |
| Interest income on other interest earning assets |
307,964 |
138,236 |
632,232 |
280,951 |
|
|
|
|
|
| Less : Interest expenses |
1,630,924 |
946,024 |
3,330,487 |
1,777,673 |
| Interest expense on deposits |
590,840 |
242,941 |
1,375,495 |
456,524 |
| Interest expense on other interest bearing liabilities |
1,040,084 |
703,083 |
1,954,992 |
1,321,149 |
| Net interest income |
|
| 917,916 |
678,163 |
1,625,588 |
1,339,902 |
|
|
|
|
|
| Non interest income |
312,469 |
219,645 |
643,498 |
485,965 |
| Foreign exchange income |
14,404 |
11,144 |
54,901 |
27,563 |
| Other income |
298,065 |
208,501 |
588,597 |
458,402 |
|
|
|
|
|
| Less : Non interest expenses |
409,955 |
330,010 |
778,887 |
628,766 |
| Personnel costs |
181,012 |
143,415 |
346,482 |
270,448 |
| Provision for staff retirement benefits |
22,403 |
22,403 |
44,807 |
44,807 |
| Premises, equipment & establishment expenses |
87,195 |
94,409 |
171,340 |
164,052 |
| Loss on trading / investment securities |
986 |
0 |
1,890 |
0 |
| Other operating expenses |
97,693 |
67,945 |
174,697 |
129,885 |
| Software |
20,666 |
1,838 |
39,671 |
19,574 |
|
|
|
|
|
| Less : Provision for bad & doubtful debts and loans written off |
54,162 |
10,331 |
140,266 |
(869) |
| Provisions - general |
55,479 |
3,512 |
109,037 |
5,581 |
| Provisions - specific |
125,034 |
90,698 |
230,514 |
141,785 |
| Recoveries |
(126,675) |
(84,004) |
(199,807) |
(149,010) |
| Loans written off |
324 |
125 |
522 |
775 |
|
|
|
|
|
|
| Less : Provision for fall in value of dealing & investment securities losses |
0 |
0 |
0 |
0 |
|
|
|
|
|
| Operating profit on ordinary activities before taxes |
766,268 |
557,467 |
1,349,933 |
1,197,970 |
|
|
|
|
|
| Less : Value added tax on financial services |
116,769 |
98,202 |
206,505 |
199,720 |
|
|
|
|
|
|
| Operating profit on ordinary activities before corporate tax |
649,499 |
459,265 |
1,143,428 |
998,250 |
|
|
|
|
|
| Share of associate companies profit before tax |
488,276 |
355,114 |
785,263 |
574,115 |
| Operating profit before corporate tax |
|
| 1,137,775 |
814,379 |
1,928,691 |
1,572,365 |
|
|
|
|
|
| Less : Income tax on profit on ordinary activities |
411,404 |
348,901 |
756,758 |
705,304 |
|
|
|
|
|
|
| Profit for the period |
726,371 |
465,478 |
1,171,933 |
867,061 |
|
| Attributable to |
|
|
|
|
| Equity holders of the Bank |
706,502 |
450,139 |
1,131,087 |
840,771 |
| Minority interest |
19,869 |
15,339 |
40,846 |
26,290 |
|
|
| 726,371 |
465,478 |
1,171,933 |
867,061 |
|
|
|
|
|
|
| Basic earnings per share - Rs |
5.58 |
4.08 |
8.93 |
7.63 |
| Diluted earnings per share - Rs |
5.58 |
4.04 |
8.93 |
7.55 |
|
|
