|
|
|
| |
| Profit & Loss Account for the year ended September 30th, 2008 |
| |
| Profit & Loss in Naira | Profit & Loss in USD |
| |
| Profit & Loss in Naira |
| |
| |
Group |
Group |
Bank |
Bank |
15 months
to Sept. 2008 |
12 months
to June
2007 |
15 months
to Sept.
2008 |
12 months
to June
2007 |
|
N'000 |
N'000 |
N'000 |
N'000 |
|
|
|
|
|
| Gross Earnings |
208,293,781 |
94,880,113 |
190,075,034 |
89,193,780 |
|
|
|
|
|
|
|
|
|
|
| Profit Before Taxation |
56,118,708 |
25,676,331 |
48,939,945 |
23,288,828 |
|
|
|
|
|
|
|
|
|
|
| Profit After Taxation |
51,992,239 |
18,779,804 |
46,524,991 |
17,509,145 |
|
|
|
|
|
|
|
|
|
|
| Minority interest |
(383,684) |
(102,799) |
- |
- |
|
|
|
|
|
|
|
|
|
|
| Profit attributable to group shareholders |
51,608,555 |
18,677,005 |
46,524,991 |
17,509,145 |
|
|
|
|
|
| APPROPRIATIONS |
|
|
|
|
|
|
|
|
|
| Transfer to statutory reserve |
(6,978,749) |
(2,626,372) |
(6,978,749) |
(2,626,372) |
| Transfer to bonus issue reserve |
- |
(1,158,191) |
- |
(1,158,191) |
| Transfer to contingency reserve |
(102,644) |
(115,953) |
- |
- |
|
|
|
|
|
Profit for the period transferred
to
general reserve |
44,527,162 |
14,776,489 |
39,546,242 |
13,724,582 |
| |
|
| |
|
| |
| Profit & Loss in Naira |
| |
| |
Group |
Group |
Bank |
Bank |
15 months
to Sept. 2008 |
12 months
to June
2007 |
15 months
to Sept.
2008 |
12 months
to June
2007 |
|
USD'000 |
USD'000 |
USD'000 |
USD'000 |
|
|
|
|
|
| Interest income |
1,210,112 |
506,770 |
1,171,225 |
493,963 |
|
|
|
|
|
| Interest expense |
455,506 |
(151,643) |
(424,613) |
(149,209) |
|
|
|
|
|
| Net interest income |
754,606 |
355,127 |
746,612 |
344,754 |
|
|
|
|
|
| Bad and doubtful debt expense |
(53,769) |
(14,594) |
(51,649) |
14,204 |
|
|
|
|
|
| Other operating income |
560,085 |
248,946 |
444,139 |
216,462 |
|
|
|
|
|
| Operating expenses |
(783,994) |
(384,968) |
(723,182) |
(361,517) |
|
|
|
|
|
| Profit before tax |
476,928 |
204,511 |
415,919 |
185,494 |
|
|
|
|
|
| Income tax |
(35,069) |
(54,931) |
(20,524) |
(46,035) |
|
|
|
|
|
|
|
|
|
|
| Profit after tax |
441,859 |
149,580 |
395,395 |
139,460 |
|
|
|
|
|
| Minority Interest |
(3,261) |
(819) |
- |
- |
|
|
|
|
|
| Profit attributable to Group Shareholders |
438,598 |
148,761 |
395,395 |
139,460 |
|
|
|
|
|
| Transfer to statutory reserve |
(59,309) |
(20,919) |
(59,309) |
(20,919) |
|
|
|
|
|
| Transfer to reserve for investment in SMEEIS |
- |
- |
- |
- |
| |
|
|
|
|
| Transfer to bonus issue reserve |
- |
(9,225) |
- |
(9,225) |
| |
|
|
|
|
| Transfer to contingency reserve |
(872) |
(924) |
- |
- |
|
|
|
|
|
| Transfer
to
general reserve |
378,416 |
117,694 |
336,086 |
109,316 |
| |
|
| |
| |
|
| |
|
|
|
