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INCOME STATEMENT |
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FOR THE
QUARTER ENDED 31 DECEMBER 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 31.12.2007 |
ending 30.09.2007 |
ending 31.12.2007 |
ending 31.12.2006 |
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1 |
Interest Income |
21,599 |
20,087 |
76,180 |
55,641 |
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2 |
Interest Expense |
(2,231) |
(2,106) |
(8,343) |
(5,707) |
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3 |
Net Interest Income |
19,368 |
17,981 |
67,837 |
49,934 |
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4 |
Bad Debts Written Off |
(29) |
(178) |
(412) |
(1,031) |
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5 |
Provision For Bad & Doubtful
Debts |
(1,976) |
(1,688) |
(5,462) |
(2,747) |
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6 |
Non Interest Income: |
9,236 |
8,119 |
32,305 |
25,144 |
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6.1 Foreign Exchange Profit/(Loss) |
4,222 |
2,900 |
12,516 |
8,126 |
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6.2 Commissions And Fees |
5,013 |
5,219 |
19,790 |
17,018 |
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7 |
Non Interest Expense |
(14,949) |
(11,806) |
(47,584) |
(34,627) |
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8 |
Losses/(Recoveries) on behalf of the Government |
372 |
(74) |
125 |
(515) |
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of Tanzania |
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9 |
Operating Income Before Tax |
12,022 |
12,355 |
46,810 |
36,157 |
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and Extraordinary Items |
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10 |
Extraordinary Gains (Losses) |
- |
- |
- |
- |
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11 |
Income Tax Provisions |
(3,761) |
(3,679) |
(14,281) |
(9,754) |
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12 |
Profits attributable to
shareholders |
8,261 |
8,676 |
32,529 |
26,403 |
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Number Of Employees |
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1,141 |
1,036 |
1,141 |
857 |
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PERFORMANCE INDICATORS |
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(i) Return on average total assets |
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3% |
4% |
4% |
4% |
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(ii) Return on ordinary
Shareholders' Funds |
31% |
35% |
33% |
37% |
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(iii)Non interest expense to gross
income |
48% |
42% |
44% |
43% |
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(iv) Interest margin to average
interest earning assets |
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10% |
10% |
9% |
8% |
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