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Statement of Income
2002-12-31
CONSOLIDATED STATEMENT OF INCOME (Unaudited)
 

 

2002

2001

(US$ million)       

OPERATING INCOME

Interest income

1,163 

1,524 

Interest expense

(711)

(1,055)

Net interest income

452 

469 

Other operating income

292 

293 

TOTAL OPERATING INCOME

744 

762 

Provision for losses on loans and advances, net of recoveries

(237)

(128)

NET OPERATING INCOME AFTER PROVISIONS

507 

634 

 

OPERATING EXPENSES

Staff

298 

291 

Premises and equipment

61 

61 

Other

132 

122 

Total operating expenses

491 

474 

 

PROFIT BEFORE TAXATION AND MINORITY INTERESTS

16 

160 

 

 

Taxation on foreign operations

(37)

(23)

Minority interests in subsidiaries

(30)

(35)

NET (LOSS) PROFIT FOR THE YEAR

(51)

102 

EARNINGS PER SHARE (expressed in US dollars)

(0.54)

1.08 


 

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