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Statement of Income
2001-12-31
CONSOLIDATED STATEMENT OF INCOME (Unaudited)
 

2001

2000

(US$ million)       

OPERATING INCOME

Interest income

1524 

1673 

Interest expense

(1055)

(1240)

Net interest income

469 

434 

Other operating income

293 

280 

TOTAL OPERATING INCOME

762 

713 

Provision for losses on loans and advances, net of recoveries

(128)

(66)

NET OPERATING INCOME AFTER PROVISIONS

634 

647 

 

OPERATING EXPENSES

Staff

291 

281 

Premises and equipment

61 

54 

Other

122 

116 

Total operating expenses

474 

451 

 

PROFIT BEFORE TAXATION AND MINORITY INTERESTS

160 

196 

 

 

Taxation on foreign operations

(23)

(33)

Minority interests in subsidiaries

(35)

(36)

NET PROFIT FOR THE YEAR

102 

127 

EARNINGS PER SHARE (expressed in US dollars)

1.08 

1.35 


 

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