for the 15 months ended 31 December 1999
| | | |
| 15 months to | 12 months to | ||
| 31 Dec | 30 Sept | ||
| 1999 | 1998 | ||
| Notes | 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 | 14.1 | 61 693 | 39 684 |
| | | | |
| Total income | 155 953 | 108 124 | |
| Specific and general provisions for bad and doubtful debts | 11 | (15 876) | (17 151) |
| | | | |
| Net income | 140 077 | 90 973 | |
| Expenses | 14.2 | (83 369) | (57 919) |
| | | | |
| Net income before taxation | 56 708 | 33 054 | |
| Taxation and related charges | 15 | (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 | |||
| Prior year adjustment | 4.1 | (34 611) | (9 068) |
| – Goodwill written off | 19 | – | (7 152) |
| | | | |
| Retained income at end of period | 4.1 | 100 | 9 |
| | | | |