Profit and Loss Account
For the year ended 31 May 2008

 

Note

Group 2008
Group 2007

Company 2008

Company 2007

 

 

N ’000
N ’000

N ’000

N ’000

 

 

 

 

SECURITIES TRADING INCOME

21

24,489,554
8,937,386

18,694,245

7,335,440

 

 

 

 

DISCOUNT EXPENSE

 

(18,557,097)
(5,495,303)

(13,248,385)

(4,032,781)

 

 

 

 

Net Discount income

 

5,932,457
3,422,083

5,445,860

3,302,659

Other income  
43,039
43,588
-
-
   
   
5,975,496
3,485,671

5,445,860

3,302,659

Allowance for risk and other assets

22(a)

(591,157)
(33,700)

(473,669)

28,462

 

 

 

 

NET EARNINGS

 

5,384,339
3,451,971

4,972,191

3,331,121

Operating expenses

22(b)

(1,674,063)
(1,174,901)

(1,507,841)

(1,107,016)

 

 

 

 

PROFIT BEFORE TAXATION

22(a)

3,710,276
2,277,070

3,464,350

2,224,105

Minority interest 20
(14,761)
(2,508)
-
-

Taxation

12

(637,337)
(361,583)

(539,544)

(1,107,016)

 

 

 

 

PROFIT AFTER TAXATION

 

3,072,939
1,915,487

2,924,806

1,890,993

 

 

 

 

APPROPRIATIONS:

 

 

 

Transfer to statutory reserve

16

(438,721)
(283,640)

(438,721)

(283,640)

Transfer to general reserve

 

2,619,457
(1,629,339)

2,486,085

(1,607,293)

 

 

 

 

 

 

 

 

EARNINGS PER SHARE - Basic

23

122k
96k
117k
95k

- adjusted

23

122k
77k

117k

76k

 

 

 

 

 

 

 

 


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