107
2014 ANNUAL REPORT
24 Segmental information
ii)
By class of business
Retail and
Investment
Eliminations
Total
commercial
banking
banking
2014
Interest income
2,252,099
323,973
(54,926)
2,521,146
Interest expense
(296,880)
(61,140)
54,926
(303,094)
Net interest income
1,955,219
262,833
–
2,218,052
Other income
1,545,563
85,502
(144,083)
1,486,982
Share of profits of associates
49,135
–
–
49,135
Operating income
3,549,917
348,335
(144,083)
3,754,169
Goodwill impairment expense
(185,000)
–
–
(185,000)
Other operating expenses
(1,845,958)
(41,610)
11,072
(1,876,496)
Operating profit
1,518,959
306,725
(133,011)
1,692,673
Investment impairment expense
(4,032)
(62)
–
(4,094)
Loan impairment expense, net of recoveries
(112,403)
(7,480)
–
(119,883)
Net profit before taxation
1,402,524
299,183
(133,011)
1,568,696
Taxation
(300,382)
(38,598)
–
(338,980)
Net profit after taxation
1,102,142
260,585
(133,011)
1,229,716
Investment in associated companies
345,942
–
–
345,942
Total assets
54,920,240
8,621,476
(4,170,200)
59,371,516
Total liabilities
46,709,784
6,229,151
(2,313,742)
50,625,193
Depreciation
150,322
467
–
150,789
Capital expenditure on premises and equipment
201,090
1,735
–
202,825
Cash flow from operating activities
516,059
(41,763)
(30,905)
443,391
Cash flow from investing activities
(94,788)
(53,907)
(149,558)
(298,253)
Cash flow from financing activities
(877,518)
(92,536)
131,490
(838,564)
