Profit & Loss Account
|
|
Group |
Group |
Company |
Company |
|
Notes |
2009 |
2008 |
2009 |
2008 |
|
|
N’000 |
N’000 |
N’000 |
N’000 |
|
|
|
|
|
|
| GROSS EARNINGS |
13,681,575 |
9,903,519 |
13,607,881 |
9,570,165 |
| SECURITIES TRADING INCOME |
19 |
13,223,365 |
8,459,365 |
13,223,365 |
8,284,921 |
| DISCOUNT EXPENSE |
|
-8,452,810 |
-6,669,328 |
-8,452,810 |
-6,669,328 |
| NET DISCOUNT INCOME |
|
4,770,555 |
1,790,366 |
4,770,555 |
1,615,593 |
| Other income |
20 |
458,210 |
1,443,825 |
384,516 |
1,285,244 |
|
|
5,228,765 |
3,234,191 |
5,155,071 |
2,900,837 |
| Allowance for risk assets |
21 |
571,275 |
103,079 |
533,758 |
113,155 |
| NET EARNINGS |
|
4,657,490 |
3,337,270 |
4,621,313 |
3,013,992 |
| Operating expenses |
22b |
-1,218,381 |
-1,032,067 |
-1,125,643 |
-943,065 |
| PROFIT BEFORE TAXATION |
22a |
3,439,109 |
2,305,203 |
3,495,670 |
2,070,927 |
| Taxation |
11 |
-647,571 |
-545,941 |
-656,051 |
-476,825 |
| PROFIT AFTER TAXATION |
|
2,791,538 |
1,759,262 |
2,839,619 |
1,594,102 |
| APPROPRIATIONS: |
|
|
|
|
|
| Transfer to statutory reserve |
16 |
425,943 |
239,115 |
425,943 |
239,115 |
| Transfer to general reserve |
17 |
2,365,595 |
1,520,147 |
2,413,147 |
1,354,987 |
| Earnings per share |
23 |
85k |
88k |
76k |
80k |
|
 |
