|
|
|
| |
| Profit & Loss Account for the year ended December 31st, 2009 |
| |
| |
Group |
Group |
Bank |
Bank |
12 months
2010
|
15 months
2009
|
12 months
2010 |
15 months
2009
|
|
N'million |
N'million |
N'million |
N'million |
|
|
|
|
|
|
Gross Earnings |
192,488 |
277,300 |
169,370 |
254,147 |
|
|
|
|
|
| Interest and similar income |
127,265 |
193,545 |
118,491 |
186,019 |
|
|
|
|
|
| Interest and similar expense |
(35,719) |
(83,957) |
(34,522) |
(82,836) |
|
|
|
|
|
| Net Interest Income |
91,546 |
109,588 |
83,969 |
103,183 |
|
|
|
|
|
| Fee and commission income |
46,180 |
55,014 |
39,885 |
49,830 |
|
|
|
|
|
| Underwriting Income |
7,145 |
7,450 |
- |
- |
|
|
|
|
|
| Underwriting Expenses |
(4,621) |
(5,105) |
- |
- |
|
|
|
|
|
| Underwriting Profit |
2,524 |
2,345 |
- |
- |
|
|
|
|
|
| Foreign exchange trading income |
10,823 |
19,687 |
9,743 |
17,369 |
|
|
|
|
|
| Trusteeship income |
45 |
42 |
- |
- |
|
|
|
|
|
| Income from investments |
304 |
1,326 |
455 |
484 |
|
|
|
|
|
| Other income |
726 |
236 |
796 |
445 |
|
|
|
|
|
| Operating Income |
152,148 |
188,238 |
134,848 |
171,311 |
|
|
|
|
|
| Operating expenses |
(97,769) |
(113,288) |
(89,074) |
(103,410) |
|
|
|
|
|
| Diminution in asset values |
(4,353) |
(39,865) |
(2,817) |
(36,148) |
|
|
|
|
|
| Profit before tax |
50,026 |
35,085 |
42,957 |
31,753 |
|
|
|
|
|
| Taxation |
(12,612) |
(14,482) |
(9,622) |
(13,388) |
|
|
|
|
|
| Profit after taxation |
37,414 |
20,603 |
33,335 |
18,365 |
| |
|
|
|
|
| Non controlling interest |
(84) |
(106) |
- |
- |
|
|
|
|
|
|
|
|
|
|
| Profit attributable to Group shareholders |
37,330 |
20,497 |
33,335 |
18,365 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Key Financial Informaion |
|
|
|
|
| |
|
|
|
|
| Total Non-Performing Loans & Advances (N'Million) |
44,271 |
48,379 |
41,832 |
46,413 |
| |
|
|
|
|
| Total Non-Performing Loans To Total & Advances(%) |
5.93% |
6.47% |
6.00% |
6.48% |
| |
|
|
|
|
| Earnings per share (basic) |
119k |
82k |
106k |
73k |
| Earnings per share (adjusted) |
119k |
65k |
106k |
58k |
| Dividend per share (proposed) |
85k |
45k |
85k |
45k |
| |
| |
Group |
Group |
Bank |
Bank |
12 months
2010 |
15 months
2009 |
12 months
2010 |
15 months
2009 |
|
USD'million |
USD'million |
USD'million |
USD'million |
|
|
|
|
|
Gross earnings |
1,274 |
1,917 |
1,121 |
1,757 |
| |
|
|
|
|
| Interest and similar income |
842 |
1,338 |
784 |
1,286 |
|
|
|
|
|
| Interest and similar expense |
(236) |
(580) |
(228) |
(573) |
| |
|
|
|
|
| Net interest income |
606 |
758 |
556 |
713 |
|
|
|
|
|
| Fee and commission income |
306 |
346 |
264 |
318 |
|
|
|
|
|
| Underwriting income |
47 |
52 |
- |
- |
|
|
|
|
|
| Underwriting expenses |
(31) |
(35) |
- |
- |
|
|
|
|
|
| Underwriting profit |
16 |
17 |
- |
- |
|
|
|
|
|
| Foreign exchange trading income |
72 |
136 |
64 |
120 |
| |
|
|
|
|
| Trusteeship income |
- |
- |
- |
0 |
|
|
|
|
|
| Income from investments |
2 |
9 |
3 |
3 |
|
|
|
|
|
| Other income |
5 |
36 |
5 |
29 |
|
|
|
|
|
| Operating Income |
1,007 |
1,302 |
892 |
1,183 |
|
|
|
|
|
| Operating expenses |
(647) |
(783) |
(589) |
(715) |
|
|
|
|
|
| Diminution in asset values |
(29) |
(276) |
(19) |
(250) |
|
|
|
|
|
| Profit before tax |
331 |
243 |
284 |
218 |
| |
|
|
|
|
| Taxation |
(83) |
(100) |
(64) |
(93) |
|
|
|
|
|
| Profit after tax |
248 |
143 |
220 |
125 |
| |
|
|
|
|
| Non controlling interest |
(1) |
(3) |
- |
|
| |
|
|
|
|
| Profit attributable to Group shareholders |
247 |
140 |
220 |
125 |
| |
|
|
|
|
| APPROPRIATIONS |
|
|
|
|
| |
|
|
|
|
| Statutory reserve |
33 |
19 |
33 |
19 |
| |
|
|
|
|
| Contingency reserve |
1 |
1 |
- |
- |
| |
|
|
|
|
| Retained earnings reserve |
213 |
120 |
187 |
106 |
| |
|
|
|
|
| |
247 |
140 |
220 |
125 |
| |
|
|
|
|
| Earnings per share (basic/diluted) |
1c |
1c |
1c |
0c |
| Earnings per share (adjusted) |
1c |
0c |
1c |
0c |
| Earnings per share (proposed/paid) |
1c |
0c |
1c |
0c |
| |
|
| |
|
| |
| |
|
| |
|
|
|
