Unaudited
Consolidated Statement of Income
For the three months ended
March 31, 2002
| |
31-Mar 2002
US$ 000’s |
31-Mar 2001
US$ 000’s |
 |
| INCOME |
| |
|
|
| Investment income |
7,394 |
3,100 |
| Interest income |
2,489 |
5,104 |
|
|
|
| |
9,883 |
8,204 |
| |
|
|
| Other income, net |
1,970 |
202 |
| Share in profits of associated companies |
2,979 |
3,018 |
|
|
|
| Total Income |
14,832 |
11,424 |
| |
|
|
| Interest expenses |
(4,626) |
(6,689) |
|
|
|
| Operating income |
10,206 |
4,735 |
| |
|
|
| Salaries and benefits |
(2,680) |
(1,073) |
| General and administrative expenses |
(1,209) |
(796) |
|
|
|
| Operating income before provisions |
6,317 |
2,866 |
| |
|
|
| General provision for doubtful loans |
(150) |
- |
| General provision for investments available for
sale |
(1,000) |
- |
|
|
|
| Income for the period before minority
interest |
5,167 |
2,866 |
| |
|
|
| Minority interest |
(502) |
(425) |
|
|
|
| Net income for the period |
4,665 |
2,441 |
|
|
|
| Weighted average number of shares |
741,517 |
726,422 |
|
|
|
| Earning Per Share (US$) |
0.006 |
0.003 |
|
|
|
|
|
