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Financials
 



Profit and Loss Account for the year ended 30 June 2007

 

Financials

  Group Group Bank Bank

2007

2006

2007

2006

N'000

N'000

N'000

N'000

Gross Earnings

94,880,113

60,002,149

89,193,780

58,221,823

Profit Before Taxation

25,676,331

15,589,825

23,288,828

15,154,091

Profit After Taxation

18,779,805

11,619,277

17,509,145

11,488,800

Minority interest (102,799) 1,049 - -
Profit attributable to group shareholders 18,677,006 11,620,276 17,509,145 11,488,800
APPROPRIATIONS
Transfer to statutory reserve

(2,626,372)

(1,723,,320)

(2,626,372)

(1,723,320)

Proposed Dividend

(9,265,524)

(6,600,000)

(9,265,524)

(6,600,000)

Reserve for Small Scale Industries

-

(1,148,880)

-

(1,148,880)

Transfer to bonus issue reserve (1,158,191) - (1,158,191) -
Transfer to contingency reserve (115,953) (2,121) - -
Profit for the Year Transferred to
General Reserve
5,510,966 2,120,955 4,459,058 2,016,600
 
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