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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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2003 |
2002 |
2003 |
2002 |
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OPERATING INCOME |
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Interest income |
253 |
301 |
528 |
592 |
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Interest expense |
(147) |
(185) |
(306) |
(357) |
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Net interest income |
106 |
116 |
222 |
235 |
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Other operating income |
102 |
61 |
186 |
124 |
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TOTAL OPERATING INCOME |
208 |
177 |
408 |
359 |
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Provision for losses on loans and advances, net of recoveries |
(35) |
(31) |
(65) |
(46) |
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NET OPERATING INCOME AFTER PROVISIONS |
173 |
146 |
343 |
313 |
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OPERATING EXPENSES |
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Staff |
82 |
68 |
154 |
136 |
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Premises and equipment |
18 |
15 |
34 |
29 |
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Other |
33 |
30 |
63 |
59 |
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Total operating expenses |
133 |
113 |
251 |
224 |
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PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
40 |
33 |
92 |
89 |
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Taxation on foreign operations |
(14) |
(11) |
(28) |
(24) |
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Minority interests in subsidiaries |
(6) |
(5) |
(17) |
(14) |
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NET PROFIT FOR THE PERIOD |
20 |
17 |
47 |
51 |
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EARNINGS PER SHARE (expressed in US dollars) |
0.21 |
0.18 |
0.50 |
0.54 |
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