Consolidated
Statement of Income
For the nine months ended 30 September 2003
(Unaudited)
| |
For the three
months
ended |
For the nine
months
ended |
 |
| |
30-Sep 2003
US$ 000 |
30-Sep 2002
US$ 000 |
30-Sep 2003
US$ 000 |
30-Sep 2002
US$ 000 |
| |
|
|
|
|
| Investment income |
12,628 |
(3,239) |
29,294 |
7,893 |
| Interest income |
2,521 |
3,088 |
7,701 |
8,465 |
|
|
|
|
|
| |
15,149 |
(151) |
36,995 |
16,358 |
| |
|
|
|
|
| Fees and commissions, net |
4,380 |
6,107 |
9,852 |
9,599 |
| Foreign exchange revaluation gains, net |
999 |
611 |
5,027 |
2,116 |
| Share of profits in associated companies |
4,337 |
5,201 |
14,219 |
11,491 |
|
|
|
|
|
| Total Income |
24,865 |
11,768 |
66,093 |
39,564 |
| |
|
|
|
|
| Interest expenses |
(3,960) |
(4,970) |
(12,456) |
(15,159) |
|
|
|
|
|
| Operating income before expenses and
provisions |
20,905 |
6,798 |
53,637 |
24,405 |
| |
|
|
|
|
| Salaries and benefits |
(3,800) |
(2,734) |
(10,519) |
(7,888) |
| General and administrative expenses |
(4,670) |
(1,394) |
(8,253) |
(4,570) |
| Administration of goodwill |
(395) |
(131) |
(509) |
(368) |
|
|
|
|
|
| Operating income before provisions |
14,040 |
2,539 |
34,356 |
11,579 |
| |
|
|
|
|
| (Provision)/writeback for doubtful loans and
guarantees |
1,848 |
8 |
192 |
167 |
| Provision for non trading investments |
(2,003) |
- |
(6,132) |
(1,000) |
|
|
|
|
|
| Income for the period before minority
interest |
11,885 |
2,547 |
28,416 |
10,746 |
| |
|
|
|
|
| Minority interest |
(1,535) |
(419) |
(2,711) |
(1,340) |
|
|
|
|
|
| Net income for the period |
10,350 |
2,128 |
25,705 |
9,406 |
|
|
|
|
|
| Weighted average number of shares |
764,044 |
741,517 |
764,044 |
741,517 |
|
|
|
|
|
| Basic earnings per share (US$) |
0.014 |
0.003 |
0.034 |
0.013 |
|
|
|
|
|
 |
|
