Consolidated
Statement of Income
For the six months ended 30 June 2005
(Unaudited)
| |
Three months
1
April to 30 June |
Six months
1
January to 30 June |
 |
| |
2005
US$ 000 |
2004
US$ 000 |
2005
US$ 000 |
2004
US$ 000 |
| Investment income |
17,478 |
11,030 |
36,460 |
18,828 |
| Interest income |
5,940 |
2,939 |
10,144 |
5,652 |
|
|
|
|
|
| |
23,418 |
13,969 |
46,604 |
24,480 |
|
|
|
|
|
| Fees and commissions |
5,854 |
4,315 |
13,174 |
10,128 |
| Foreign exchange revaluation gains, net |
742 |
773 |
1,275 |
1,462 |
| Share of profits in associated companies |
12,722 |
5,505 |
20,912 |
11,356 |
|
|
|
|
|
| Total Income |
42,736 |
24,562 |
81,965 |
47,426 |
| Interest expense |
(8,544) |
(4,571) |
(16,517) |
(9,001) |
|
|
|
|
|
| Operating income before expenses and
provisions |
34,192 |
19,991 |
65,448 |
38,425 |
| Salaries and benefits |
(4,456) |
(3,705) |
(9,773) |
(7,850) |
| General and administrative expenses |
(3,503) |
(3,086) |
(7,428) |
(5,302) |
| Amortisation of goodwill, net |
- |
(246) |
- |
(492) |
|
|
|
|
|
| Operating income before provisions |
26,233 |
12,954 |
48,247 |
24,781 |
| (Provision) writeback for doubtful loans and
guarantees |
(3,906) |
983 |
(3,984) |
3,598 |
| Provision for non-trading investments |
(2,042) |
- |
(4,042) |
- |
|
|
|
|
|
| Income for the period |
20,285 |
13,937 |
40,221 |
28,379 |
| Income attributable to minority interest |
(4,048) |
(2,325) |
(7,690) |
(5,369) |
|
|
|
|
|
| Income attributable to equity of the parent |
16,237 |
11,612 |
32,531 |
23,010 |
|
|
|
|
|
| Basic earnings per share (US cents) |
2.12 |
1.52 |
4.24 |
3.01 |
|
|
|
|
|
 |
|
