INCOME STATEMENT
FOR THE YEAR ENDED 31DECEMBER 2004 |
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|
|
|
|
(AMOUNT IN MILLION SHILLINGS) |
| |
|
|
|
|
Current year |
Previous
year |
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|
|
|
|
31.12.2004 |
31.12.2003 |
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|
|
|
|
|
|
| 1 |
Interest Income |
|
|
26,584 |
21,802 |
| |
|
|
|
|
|
|
| 2 |
Interest Expense |
|
|
(2,064) |
(1,815) |
| |
|
|
|
|
|
|
| 3 |
Net Interest Income |
|
|
24,520 |
19,987 |
| |
|
|
|
|
|
|
| 4 |
Bad Debts Written Off |
|
|
- |
- |
| |
|
|
|
|
|
|
| 5 |
Provision For Bad &
Doubtful Debts |
2,394 |
2,172 |
| |
|
|
|
|
|
|
| 6 |
Non Interest Income: |
|
|
20,441 |
18,025 |
| |
6.1 Foreign Exchange Profit/(Loss) |
6,349 |
6,475 |
| |
6.2 Commissions And Fees |
|
14,092 |
11,550 |
| |
|
|
|
|
|
|
| 7 |
Non Interest Expense |
|
|
(27,546) |
(24,138) |
| |
|
|
|
|
|
|
| 8 |
Recoveries on behalf of
the Government |
(5,208) |
(1,906) |
| |
of
Tanzania |
|
|
|
|
| |
|
|
|
|
|
|
| 9 |
Operating Income Before
Tax |
|
14,601 |
14,140 |
| |
and Extraordinary Items |
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|
|
| |
|
|
|
|
|
|
| 10 |
Extraordinary Gains (Losses) |
|
- |
- |
| |
|
|
|
|
|
|
| 11 |
Income Tax Provisions |
|
(3,532) |
(2,872) |
| |
|
|
|
|
|
|
| 14 |
Profits attributable to shareholders |
|
|
|
11,069 |
11,268 |
|
|
|
|
|
|
|
| |
Number Of Employees |
|
794 |
803 |
|
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|
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PERFORMANCE INDICATORS |
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|
|
| |
(i) Return on average total
assets |
|
2% |
3% |
| |
(ii)
Return on ordinary Shareholders' Funds |
28% |
31% |
| |
(iii)Non
interest expense to gross income |
59% |
61% |
| |
(iv)
Interest margin to average interest earning assets |
7% |
6% |
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