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| INCOME
STATEMENT |
| FOR THE QUARTER ENDED 31 DECEMBER,2006 |
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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 31.12.2006 |
ending 30.09.2006 |
ending 31.12.2006 |
ending 31.12.2005 |
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| 1 |
Interest Income |
15,210 |
14,920 |
55,641 |
36,956 |
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| 2 |
Interest Expense |
(1,786) |
(1,544) |
(5,707) |
(3,063) |
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| 3 |
Net Interest Income |
13,423 |
13,377 |
49,934 |
33,893 |
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| 4 |
Bad Debts Written Off |
- |
- |
- |
- |
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| 5 |
Provision For Bad & Doubtful Debts |
(1,927) |
(1,313) |
(3,778) |
(43) |
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| 6 |
Non Interest Income: |
6,788 |
5,802 |
25,144 |
22,537 |
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6.1 Foreign Exchange Profit/(Loss) |
2,029 |
1,763 |
8,126 |
8,707 |
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6.2 Commissions And Fees |
4,759 |
4,039 |
17,018 |
13,830 |
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| 7 |
Non Interest Expense |
(9,235) |
(8,671) |
(34,627) |
(30,297) |
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| 8 |
Losses/(Recoveries) on behalf of the Government |
(11) |
(198) |
(515) |
(1,037) |
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of Tanzania |
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| 9 |
Operating Income Before Tax |
9,039 |
8,997 |
36,157 |
25,052 |
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and Extraordinary Items |
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| 10 |
Extraordinary Gains (Losses) |
- |
- |
- |
- |
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| 11 |
Income Tax Provisions |
(601) |
(3,267) |
(9,754) |
(6,946) |
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| 12 |
Profits attributable to
shareholders |
8,438 |
5,730 |
26,403 |
18,106 |
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Number Of Employees |
857 |
826 |
857 |
801 |
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PERFORMANCE INDICATORS |
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(i) Return on average total
assets |
5% |
3% |
4% |
3% |
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(ii) Return on ordinary
Shareholders' Funds |
48% |
36% |
37% |
37% |
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(iii)Non interest expense to
gross income |
42% |
42% |
43% |
51% |
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(iv) Interest margin to average
interest earning assets |
8% |
9% |
8% |
8% |
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