 |
|
|
|
|
|
| INCOME
STATEMENT |
15
months |
|
|
12
months |
|
| |
to
31 Dec |
|
|
to
30 Sept |
|
| |
1999 |
|
|
1998 |
|
| |
N$’000 |
|
|
N$’000 |
|
|
|
|
|
|
|
| Interest
income |
296
125 |
|
|
227
132 |
|
| Interest
expense |
(201
865 |
)
|
|
(158
692 |
)
|
|
|
|
|
|
|
| Net
interest income |
94
260 |
|
|
68
440 |
|
| Non-interest
revenue |
61
693 |
|
|
39
684 |
|
|
|
|
|
|
|
| Total
income |
155
953 |
|
|
108
124 |
|
| Specific
and general provisions for bad and doubtful debts |
(15
876 |
)
|
|
(17
151 |
)
|
|
|
|
|
|
|
| Net
income |
140
077 |
|
|
90
973 |
|
| Expenses |
(83
369 |
)
|
|
(57
919 |
)
|
|
|
|
|
|
|
| Net
income before taxation |
56
708 |
|
|
33
054 |
|
| Taxation
and related charges |
(12
392 |
)
|
|
(12
345 |
)
|
|
|
|
|
|
|
| Net
income after taxation |
44
316 |
|
|
20
709 |
|
| Dividend |
(9
614 |
)
|
|
(4
487 |
)
|
|
|
|
|
|
|
| Retained
income for the period |
34
702 |
|
|
16
222 |
|
| Retained
income at beginning of period |
9
|
|
|
7
|
|
| Transfer
to general reserve |
(34
611 |
)
|
|
(9
068 |
)
|
| Prior
year adjustment |
|
|
|
|
|
| –
Goodwill written off |
– |
|
|
(7
152 |
)
|
|
|
|
|
|
|
| Retained
income at end of period |
100
|
|
|
9 |
|
|