Profit and Loss Account
For the year ended 31 May 2007

 

Note

Group 2007
Group 2006

Company 2007

Company 2006

 

 

N ’000

N ’000

 

 

 

 

SECURITIES TRADING INCOME

18

8,937,386
7,213,424

7,335,440

7,205,221

 

 

 

 

DISCOUNT EXPENSE

 

(5,495,303)
(4,766,552)

(4,032,781)

(4,766,552)

 

 

 

 

Net Discount income

 

3,422,083
2,446,872

3,302,659

2,438,669

Other income  
43,588
-
-
-
   
   
3,485,671
2,446,872

3,302,659

2,438,669

Allowance for risk and other assets

19(a)

(33,700)
(369,404)

28,462

(369,404)

 

 

 

 

NET EARNINGS

 

3,451,971
2,077,468

3,331,121

2,069,265

Operating expenses

19(b)

(1,174,901)
(472,202)

(1,107,016)

(460,673)

 

 

 

 

PROFIT BEFORE TAXATION

19(a)

2,277,070
1,605,266

2,224,105

1,608,529

Minority interest  
(2,508)
(2,741)
-
-

Taxation

11

(361,583)
(472,202)

(1,107,016)

(460,673)

 

 

 

 

PROFIT AFTER TAXATION

 

1,912,979
1,116,731

1,890,993

1,141,396

 

 

 

 

APPROPRIATIONS:

 

 

 

Transfer to statutory reserve

15

(283,640)
(171,209)

(283,640)

(171,209)

Transfer to general reserve

17

(1,629,339)
(945,522)

(1,607,293)

(970,187)

 

 

 

 

 

 

 

 

EARNINGS PER SHARE - Basic

20

96k
64k
95k

65k

- adjusted

20

96k
56k

95k

57k

 

 

 

 

 

 

 

 


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