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| INCOME
STATEMENT |
| FOR THE QUARTER ENDED 31 MARCH 2007 |
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(AMOUNT IN MILLION SHILLINGS) |
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Current |
Previous |
Current year |
Previous
year |
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quarter |
quarter |
Cumulative |
Cummulative |
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ending 31.03.2007 |
ending 31.12.2006 |
ending 31.03.2007 |
ending 31.03.2006 |
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| 1 |
Interest Income |
16,240 |
15,210 |
16,240 |
12,903 |
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| 2 |
Interest Expense |
(1,900) |
(1,786) |
(1,900) |
(1,069) |
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| 3 |
Net Interest Income |
14,339 |
13,423 |
14,339 |
11,834 |
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| 4 |
Bad Debts Written Off |
- |
- |
- |
- |
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| 5 |
Provision For Bad & Doubtful Debts |
(1,169) |
(1,927) |
(1,169) |
273 |
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| 6 |
Non Interest Income: |
7,253 |
6,788 |
7,253 |
5,857 |
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6.1 Foreign Exchange Profit/(Loss) |
2,570 |
2,029 |
2,570 |
2,377 |
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6.2 Commissions And Fees |
4,682 |
4,759 |
4,682 |
3,480 |
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| 7 |
Non Interest Expense |
(10,007) |
(9,235) |
(10,007) |
(8,313) |
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| 8 |
Losses/(Recoveries) on behalf of the Government |
61 |
(11) |
61 |
(202) |
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of Tanzania |
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| 9 |
Operating Income Before Tax |
10,476 |
9,039 |
10,476 |
9,449 |
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and Extraordinary Items |
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| 10 |
Extraordinary Gains (Losses) |
- |
- |
- |
- |
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| 11 |
Income Tax Provisions |
(3,118) |
(601) |
(3,118) |
(2,903) |
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| 12 |
Profits attributable to
shareholders |
7,358 |
8,438 |
7,358 |
6,545 |
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Number Of Employees |
898 |
857 |
898 |
809 |
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PERFORMANCE INDICATORS |
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(i) Return on average total
assets |
4% |
5% |
4% |
4% |
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(ii) Return on ordinary
Shareholders' Funds |
34% |
48% |
34% |
44% |
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(iii)Non interest expense to
gross income |
43% |
42% |
43% |
44% |
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(iv) Interest margin to average
interest earning assets |
8% |
8% |
8% |
9% |
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