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Statement of Income
Page Content
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(US$ million) |
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Three months
1 July to 30 September |
Nine months
1 January to 30 September |
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2003 |
2002 |
2003 |
2002 |
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OPERATING INCOME |
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Interest income |
253 |
287 |
781 |
879 |
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Interest expense |
(147) |
(185) |
(453) |
(542) |
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Net interest income |
106 |
102 |
328 |
337 |
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Other operating income |
91 |
81 |
277 |
205 |
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TOTAL OPERATING INCOME |
197 |
183 |
605 |
542 |
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Provision for losses on loans and advances, net of recoveries |
(26) |
(44) |
(91) |
(90) |
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NET OPERATING INCOME AFTER PROVISIONS |
171 |
139 |
514 |
452 |
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OPERATING EXPENSES |
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Staff |
77 |
71 |
231 |
207 |
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Premises and equipment |
17 |
15 |
51 |
44 |
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Other |
35 |
36 |
98 |
95 |
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Total operating expenses |
129 |
122 |
380 |
346 |
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PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
42 |
17 |
134 |
106 |
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Taxation on foreign operations |
(13) |
(5) |
(41) |
(29) |
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Minority interests in subsidiaries |
(7) |
(8) |
(24) |
(22) |
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NET PROFIT FOR THE PERIOD |
22 |
4 |
69 |
55 |
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EARNINGS PER SHARE (expressed in US dollars) |
0.23 |
0.04 |
0.73 |
0.58 |
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