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Financials > Profit & Loss Account
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Notes |
Group 2009 |
Group 2008 |
Bank 2009 |
Bank 2008 |
| |
|
N '000 |
N '000 |
N '000 |
N '000 |
| GROSS EARNINGS |
|
16,551,373 |
25,978,276 |
12,938,450 |
21,633,431 |
| INTEREST AND DISCOUNT INCOME |
19 |
8,761,788 |
14,902,275 |
8,055,920 |
12,419,588 |
| Lease finance income |
|
216,115 |
539,960 |
216,116 |
467,426 |
| Interest expense |
20 |
(12,153,808) |
(10,200,246) |
(10,342,198) |
(8,377,591) |
| INTEREST MARGIN |
|
(3,175,905) |
5,241,989 |
2,070,162 |
4,509,423 |
| Provision for risk assets |
21 |
(2,973,557) |
(37,233,850) |
(6,961,467) |
(62,748,925) |
| NET INTEREST MARGIN |
|
(6,149,462) |
(31,991,861) |
(9,031,629) |
(58,239,502) |
| Provision on investments and other assets |
21 |
(13,234,895) |
(15,689,886) |
(594,469) |
(2,194,867) |
| Other Income |
22 |
7,573,470 |
10,536,041 |
4,666,414 |
8,746,417 |
|
|
(11,810,887) |
(37,145,706) |
(4,959,684) |
(51,687,952) |
| Operating Expenses |
23 |
(16,495,325) |
(19,653,833) |
(14,477,190) |
(16,794,212) |
| LOSS BEFORE TAXATION |
|
(28,306,212) |
56,799,539) |
(19,436,874) |
(68,482,164) |
| Tax Credit |
13(b) |
7,850,756 |
10,494,937 |
7,768,466 |
10,743,425 |
| LOSS AFTER TAXATION |
|
(20,455,456) |
(46,304,602) |
(11,668,408) |
(57,738,739) |
| LOSS ATTRIBUTABLE TO NON CONTROLLING INTEREST |
17(a) |
1,393,413 |
498,475 |
- |
- |
| LOSS ATTRIBUTABLE TO GROUP SHAREHOLDERS |
|
(19,062,043) |
(45,806,127) |
(11,668,408) |
(57,738,739) |
APPROPRIATIONS
Transfer to statutory reserve |
16(b) |
(28,226) |
(34,063) |
- |
- |
| Transfer to general reserve |
16(e) |
(19,090,269) |
(45,840,190) |
(11,668,408) |
(57,738,739) |
| Loss per share -K |
24 |
(189) |
(455) |
(116) |
(573) |
The statement of accounting policies and accompanying notes form an integral part of these profit and loss accounts |
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