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Statement of Income
Page Content
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(US$ million) |
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Three months
1 April to 30 June |
Six months
1 January to 30 June |
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2002 |
2001 |
2002 |
2001 |
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OPERATING INCOME |
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Interest income |
301 |
399 |
592 |
821 |
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Interest expense |
(185) |
(281) |
(357) |
(588) |
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Net interest income |
116 |
118 |
235 |
233 |
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Other operating income |
61 |
83 |
124 |
154 |
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TOTAL OPERATING INCOME |
177 |
201 |
359 |
387 |
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Provision for losses on loans and advances, net of recoveries |
(31) |
(19) |
(46) |
(34) |
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NET OPERATING INCOME AFTER PROVISIONS |
146 |
182 |
313 |
353 |
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OPERATING EXPENSES |
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Staff |
68 |
77 |
136 |
145 |
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Premises and equipment |
15 |
15 |
29 |
29 |
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Other |
30 |
27 |
59 |
54 |
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Total operating expenses |
113 |
119 |
224 |
228 |
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PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
33 |
63 |
89 |
125 |
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Taxation on foreign operations |
(11) |
(15) |
(24) |
(31) |
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Minority interests in subsidiaries |
(5) |
(10) |
(14) |
(20) |
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NET PROFIT FOR THE PERIOD |
17 |
38 |
51 |
74 |
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EARNINGS PER SHARE (expressed in US dollars) |
0.18 |
0.40 |
0.54 |
0.78 |
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