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    Income 09

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    Alissa Barnes
    The consolidated statement of income for the year ended 31 December 2009 shows the bank earned a profit of BD 35.017 million, a decrease from BD 27.010 million in 2008. Net interest income decreased from BD 56.982 million to BD 61.297 million. Total operating expenses increased from BD 44.682 million to BD 57.181 million, driven by higher net provision for impairment on loans and advances to customers. Profits were attributable to shareholders of the bank.

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    Income 09

    Uploaded by

    Alissa Barnes
    13 views1 page
    The consolidated statement of income for the year ended 31 December 2009 shows the bank earned a profit of BD 35.017 million, a decrease from BD 27.010 million in 2008. Net interest income decreased from BD 56.982 million to BD 61.297 million. Total operating expenses increased from BD 44.682 million to BD 57.181 million, driven by higher net provision for impairment on loans and advances to customers. Profits were attributable to shareholders of the bank.

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    The consolidated statement of income for the year ended 31 December 2009 shows the bank earned a profit of BD 35.017 million, a decrease from BD 27.010 million in 2008. Net interest income decreased from BD 56.982 million to BD 61.297 million. Total operating expenses increased from BD 44.682 million to BD 57.181 million, driven by higher net provision for impairment on loans and advances to customers. Profits were attributable to shareholders of the bank.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    13 views1 page

    Income 09

    Uploaded by

    Alissa Barnes
    The consolidated statement of income for the year ended 31 December 2009 shows the bank earned a profit of BD 35.017 million, a decrease from BD 27.010 million in 2008. Net interest income decreased from BD 56.982 million to BD 61.297 million. Total operating expenses increased from BD 44.682 million to BD 57.181 million, driven by higher net provision for impairment on loans and advances to customers. Profits were attributable to shareholders of the bank.

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    Consolidated Statement of Income

    Year ended 31 December 2009

    Note

    2009 BD 000

    2008 BD 000

    Interest and similar income Interest and similar expense Net interest income Share of prot in associated companies and joint venture Other income Total operating income Staff costs Other expenses Depreciation Net provision for impairment on loans and advances to customers Net provision for impairment of non-trading investment securities Total operating expenses PROFIT BEFORE TAXATION Net tax provision relating to Indian branches Kuwait National Labour support tax PROFIT FOR THE YEAR Attributable to: Shareholders of the Bank Non-controlling interest

    19

    82,422 21,125 61,297 2,663 28,602 92,562 27,873 12,303 2,762 11,291 2,952 57,181 35,381 (364) 35,017

    107,312 50,330 56,982 3,152 54,542 114,676 21,352 11,477 2,286 7,551 44,682 87,348 27,328 (173) (145) 27,010

    9 20

    11 7 8

    35,013 4 35,017

    27,081 (71) 27,010 0.032

    Basic and diluted earnings per share (BD)

    21

    0.042

    The attached notes 1 to 44 form part of these consolidated nancial statements

    37

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