Consolidated
Statement of Income
For the nine months ended 30 September 2005
(Unaudited)
| |
Three months
1 July to 30 September |
Nine months
1
January to 30 September |
 |
| |
2005
US$ 000 |
2004
US$ 000 |
2005
US$ 000 |
2004
US$ 000 |
| Investment income |
18,057 |
8,206 |
54,517 |
27,034 |
| Interest income |
5,745 |
3,621 |
15,889 |
9,273 |
|
|
|
|
|
| |
23,802 |
11,827 |
70,406 |
36,307 |
|
|
|
|
|
| Fees and commissions |
11,265 |
5,785 |
24,439 |
15,913 |
| Foreign exchange revaluation gains, net |
628 |
560 |
1,903 |
2,022 |
| Share of profits in associated companies |
5,819 |
6,364 |
26,731 |
17,720 |
|
|
|
|
|
| Total Income |
41,514 |
24,536 |
123,479 |
71,962 |
| Interest expense |
(10,111) |
(5,525) |
(26,628) |
(14,526) |
|
|
|
|
|
| Operating income before expenses and
provisions |
31,403 |
19,011 |
96,851 |
57,436 |
| Salaries and benefits |
(5,140) |
(4,082) |
(14,913) |
(11,932) |
| General and administrative expenses |
(4,260) |
(2,448) |
(11,688) |
(7,750) |
| Amortisation of goodwill, net |
- |
(245) |
- |
(737) |
|
|
|
|
|
| Operating income before provisions |
22,003 |
12,236 |
70,250 |
37,017 |
| (Provision) writeback for doubtful loans and
guarantees |
2,569 |
(77) |
(1,415) |
3,521 |
| Provision for non-trading investments |
- |
- |
(4,042) |
- |
|
|
|
|
|
| Income for the period |
24,572 |
12,159 |
64,793 |
40,538 |
| Income attributable to minority interest |
(6,401) |
(2,345) |
(14,091) |
(7,714) |
|
|
|
|
|
| Income attributable to equity of the parent |
18,171 |
9,814 |
50,702 |
32,824 |
|
|
|
|
|
| Basic earnings per share (US cents) |
2.36 |
1.28 |
6.60 |
4.30 |
|
|
|
|
|
 |
|
