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Statement of Income
Page Content
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Three months ended
31 March |
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2002
(US$ million) |
2001
(US$ million) |
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OPERATING INCOME |
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Interest income |
291 |
422 |
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Interest expense |
(172) |
(307) |
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Net interest income |
119 |
115 |
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Other operating income |
63 |
71 |
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TOTAL OPERATING INCOME |
182 |
186 |
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Provision for losses on loans and advances, net of recoveries |
(15) |
(15) |
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NET OPERATING INCOME AFTER PROVISIONS |
167 |
171 |
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OPERATING EXPENSES |
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Staff |
68 |
68 |
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Premises and equipment |
14 |
14 |
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Other |
29 |
27 |
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Total operating expenses |
111 |
109 |
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PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
56 |
62 |
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Taxation on foreign operations |
(13) |
(16) |
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Minority interests in subsidiaries |
(9) |
(10) |
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NET PROFIT FOR THE PERIOD |
34 |
36 |
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EARNINGS PER SHARE (expressed in US dollars) |
0.36 |
0.38 |
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