|
|
 |
| |
| Annual Report 2006 |
|
| Statement of Income & Expenditure for the year ended December 31, 2006 |
|
| |
2006 |
|
2005 |
| |
G$'000 |
|
G$'000 |
| Interest Income |
|
|
|
| Loan assets |
|
|
1,208,828 |
| Investments |
550,790 |
|
498,152 |
| Cash resources |
|
|
68,121 |
| |
|
|
|
| 1,767,266 |
|
1,775,101 |
| Interest
Expense |
|
|
|
| Five dollars shares |
(431,661) |
|
(406,891) |
| Save and prosper shares |
(612,466) |
|
(616,636) |
| Deposits |
(16,237) |
|
(14,495) |
| |
|
|
|
| (1,060,364) |
|
(1,038,022) |
| |
| Net Interest Income |
706,902 |
|
737,079 |
|
| Other Income |
|
|
|
| Fee and commission income |
6,648 |
|
7,599 |
| Gain on exchange |
63,160 |
|
9,736 |
| Other operating income |
4,367 |
|
4,029 |
| Total Net Income |
|
|
|
| 781,077 |
|
758,443 |
|
| Operating Expense |
|
|
|
|
| Provision for losses on loan assets |
(9,339) |
|
(16,489) |
| General administrative expenses |
(305,076) |
|
(285,753) |
| Depreciation |
(27,084) |
|
(26,353) |
| Other expenses |
(36,736) |
|
(65,165) |
| Net Profit For The Year |
|
|
|
| 402,842 |
|
364,673 |
|
|
|
|
| STATEMENT OF TOTAL RECOGNISED GAINS
FOR THE YEAR ENDED 31 DECEMBER 2006 |
|
|
|
|
|
|
|
| |
2006 |
|
2005 |
|
| |
G$'000 |
|
G$'000 |
|
| Net profit for the year |
402,842 |
|
364,373 |
| Revaluation of land and buildings |
0 |
|
44,401 |
| Total Recognised Gains For The Year |
|
|
|
| 402,842 |
|
409,074 |
|
|
|
|
|
|
|
