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Statement of Income
Page Content
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1 January
to
31 March 2001 |
1 January
to
31 March 2000 |
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(US$ million) |
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OPERATING INCOME |
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Interest income |
422 |
386 |
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Interest expense |
(307) |
(281) |
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Net interest income |
115 |
105 |
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Other operating income |
71 |
75 |
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TOTAL OPERATING INCOME |
186 |
180 |
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Provision for losses on loans and advances, net of recoveries |
(15) |
(20) |
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NET OPERATING INCOME AFTER PROVISIONS |
171 |
160 |
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OPERATING EXPENSES |
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Staff |
68 |
67 |
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Premises and equipment |
14 |
13 |
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Other |
27 |
26 |
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Total operating expenses |
109 |
106 |
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PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
62 |
54 |
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Taxation on foreign operations |
(16) |
(11) |
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Minority interests in subsidiaries |
(10) |
(10) |
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NET PROFIT FOR THE PERIOD |
36 |
33 |
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EARNINGS PER SHARE (expressed in US dollars) |
0.38 |
0.35 |
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