| |
| PROFIT
AND LOSS ACCOUNT
| |
2004 |
2003 |
| |
=N=’000 |
=N=’000 |
| Gross
Income |
2,369,541 |
2,921,606 |
|
| Securities
Trading Income |
2,368,598 |
2,918,806 |
| Discount
Expense |
(1,538,242) |
(1,798,313) |
| |
|
|
| Net
Discount Income |
830,356 |
1,120,493 |
| Other
Income |
943 |
2,800 |
| |
831,299 |
1,123,293 |
| Provision
for Risk Assets |
(130,769) |
(291,183) |
| Net
Earnings |
700,530 |
832,110 |
| Operating
Expenses |
(289,035) |
(235,221) |
| Profit
before taxation |
411,495 |
596,889 |
| Taxation |
(63,856) |
(201,061) |
| Profit
after taxation |
347,639 |
395,828 |
| Appropriations: |
|
|
| Transfer
to Statutory Reserve |
(52,146) |
(59,375) |
| Proposed
Dividend |
(202,800) |
(97,500) |
| Transfer
to General Reserve |
(92,693) |
(238,953) |
Back
to top |
 |
|
|
