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Income Statement
(for the fiscal year ended June 30th , 2008)
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(LE. In 000's) |
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2008 |
2007 |
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Income from Loans & from Banks |
74,731 | 45,263 |
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Income from Government Bonds |
25,575 | 24,117 |
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(Less)Cost of Deposits and Borrowings |
(113,343) | (144,986) |
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Net Interest Income |
(13,037) | (75,606) |
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Add: |
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Fees &Commissions Received |
16,650 | 13,307 |
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Dividends from Investments |
6,988 | 6,805 |
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Profit (loss) in Foreign Exchange |
2,519 | 2,108 |
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Revaluation of Investments |
130 | --- |
| Profit (loss) on Sale of Investments | 7,905 | 20,635 |
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Other Operating Income |
8,125 | 6,951 |
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Net Operating Income |
29,280 | (25,890) |
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(Less): |
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Fees & Commissions Paid |
(640) | (464) |
| Provisions | (24,350) | (3,750) |
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Revaluation of other Investments |
7,356 | (1,968) |
| Other Operating Expenses | (488) | (3,261) |
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General & Administrative Expenses and Depreciation |
(70,052) | (58,304) |
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Operating Profit (Loss) |
(58,894) | (93,637) |
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Non Operating Profit (Loss) |
2,976 | 256 |
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Net Profit (Loss) Before Taxes |
(55,918) | (93,381) |
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(Less): Taxes |
(7,708) | (7,680) |
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Net Profit ( Loss ) for the Year |
(63,626) | (101,061) |
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