Consolidated
Statement of Income
Year Ended December 31, 2005
| |
Notes |
2005
US$ 000 |
2004
US$ 000 |
 |
| Investment income |
14 |
78,213 |
34,000 |
| Interest income |
|
22,538 |
13,582 |
|
|
|
|
| |
|
100,751 |
47,582 |
|
|
|
|
| Fees and commissions |
|
45,911 |
22,814 |
| Foreign exchange revaluation gains, net |
|
2,540 |
2,920 |
| Share of income from associated companies |
15 |
49,567 |
32,523 |
|
|
|
|
| Total income
|
198,769 |
105,839 |
| Interest expense |
|
(38,325) |
(22,110) |
|
|
|
|
| Operating income
before expenses and provisions |
160,444 |
83,729 |
| Salaries and benefits |
|
(25,222) |
(16,608) |
| General and administrative expenses |
|
(18,101) |
(11,597) |
| Amortisation of goodwill, net |
|
- |
(983) |
|
|
|
|
| Operating income
before provisions |
117,121 |
54,541 |
| Provision for not-trading investments |
4 |
(8,042) |
(4,000) |
| (Provision) /write back for doubtful loans and
guarantees |
5
&10 |
(1,511) |
1,830 |
|
|
|
|
| Income for the year
before minority interest |
107,568 |
52,371 |
| Income attributable to minority interest |
|
(26,565) |
(9,508) |
|
|
|
|
| Income attributable to equity of the parent
|
|
81,003 |
43,313 |
|
|
|
|
| Basic earnings per share (US cents) |
16 |
10.54 |
5.67 |
|
|
|
|
| Diluted earnings per share (US cents) |
16 |
10.45 |
|
|
|
|
|
|
|
