INCOME
STATEMENT - Bank
| Results for the nine months ended 31 December 2007 |
|
Bank |
|
For the quarter ended |
For the nine months ended |
| For the nine months ended |
31.12.07
Rs 000 |
31.12.06
Rs 000 |
31.12.07
Rs 000 |
31.12.06
Rs 000 |
|
|
|
|
|
| Income |
2,482,618 |
1,807,322 |
7,026,800 |
4,811,248 |
|
|
|
|
|
| Interest income |
2,214,675 |
1,572,909 |
6,312,343 |
4,242,524 |
| Interest income on loans & advances |
1,957,066 |
1,465,443 |
5,537,898 |
3,923,664 |
| Interest income on other interest earning assets |
257,609 |
107,466 |
774,445 |
318,860 |
|
|
|
|
|
| Less : Interest expenses |
1,465,969 |
923,140 |
4,274,627 |
2,468,617 |
| Interest expense on deposits |
434,468 |
137,791 |
1,423,478 |
396,215 |
| Interest expense on other interest bearing liabilities |
1,031,501 |
785,349 |
2,851,149 |
2,072,402 |
| Net interest income |
748,706 |
649,769 |
2,037,716 |
1,773,907 |
|
|
|
|
|
| Non interest income |
267,943 |
234,413 |
714,457 |
568,724 |
| Foreign exchange income |
(17,220) |
6,964 |
(1,789) |
8,666 |
| Other income |
285,163 |
227,449 |
716,246 |
560,058 |
|
|
|
|
|
| Less : Non interest expenses |
250,478 |
238,930 |
747,279 |
690,860 |
| Personnel costs |
97,768 |
104,102 |
341,274 |
304,003 |
| Provision for staff retirement benefits |
22,403 |
22,403 |
67,210 |
67,210 |
| Premises, equipment & establishment expenses |
61,456 |
51,165 |
152,618 |
149,883 |
| Loss on trading / investment securities |
0 |
0 |
0 |
0 |
| Other operating expenses |
57,499 |
51,421 |
153,098 |
140,351 |
| Amortisation of intangible assets |
|
|
|
|
| Software |
11,352 |
9,839 |
33,079 |
29,413 |
|
|
|
|
|
| Less : Provision for bad & doubtful debts and loans written off |
(53,171) |
3,174 |
71,011 |
(144) |
| Provisions - general |
44,609 |
42,026 |
133,451 |
44,213 |
| Provisions - specific |
63,966 |
50,321 |
238,432 |
170,560 |
| Recoveries |
(175,835) |
(89,190) |
(315,483) |
(215,709) |
| Loans written off |
14,089 |
17 |
14,611 |
792 |
|
|
|
|
|
| Less : Provision for fall in value of dealing & investment securities losses |
0 |
0 |
0 |
0 |
|
|
|
|
|
| Operating profit on ordinary activities before taxes |
819,342 |
642,078 |
1,933,883 |
1,651,915 |
|
|
|
|
|
| Less : Value added tax on financial services |
131,941 |
99,760 |
321,106 |
268,386 |
|
|
|
|
|
| Operating profit on ordinary activities before corporate tax |
687,401 |
542,318 |
1,612,777 |
1,383,529 |
|
|
|
|
|
| Share of associate companies profit before tax |
- |
- |
- |
- |
|
|
|
|
|
| Operating profit before corporate tax |
687,401 |
542,318 |
1,612,777 |
1,383,529 |
|
|
|
|
|
| Less : Income tax on profit on ordinary activities |
210,983 |
196,441 |
527,710 |
512,384 |
|
|
|
|
|
| Profit for the period |
476,418 |
345,877 |
1,085,067 |
871,145 |
| Attributable to |
|
|
|
|
| Equity holders of the Bank |
476,418 |
345,877 |
1,085,067 |
871,145 |
| Minority interest |
- |
- |
- |
- |
|
|
|
|
|
|
476,418 |
345,877 |
1,085,067 |
871,145 |
|
|
|
|
|
| Basic earnings per share - Rs |
3.81 |
3.14 |
8.68 |
7.90 |
| Diluted earnings per share - Rs |
3.79 |
3.12 |
8.63 |
7.85 |
|
|
