REPUBLIC BANK LIMITED
108
Notes to theConsolidatedFinancial Statements
For the year ended September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000), except where otherwise stated
24 Segmental information
(continued)
ii)
By class of business
(continued)
Retail and
Investment
Eliminations
Total
commercial
banking
banking
2013
Interest income
2,222,792
356,816
(62,447)
2,517,161
Interest expense
(321,890)
(77,052)
62,447
(336,495)
Net interest income
1,900,902
279,764
–
2,180,666
Other income
1,672,773
80,528
(496,702)
1,256,599
Share of losses of associates
(60,324)
–
–
(60,324)
Operating income
3,513,351
360,292
(496,702)
3,376,941
Other operating expenses
(1,694,353)
(36,812)
19,262
(1,711,903)
Operating profit
1,818,998
323,480
(477,440)
1,665,038
Investment impairment expense
(51,752)
(1,292)
–
(53,044)
Loan impairment expense, net of recoveries
(69,145)
12,093
–
(57,052)
Net profit before taxation
1,698,101
334,281
(477,440)
1,554,942
Taxation
(339,994)
(37,081)
–
(377,075)
Net profit after taxation
1,358,107
297,200
(477,440)
1,177,867
Investment in associated companies
445,377
–
–
445,377
Total assets
52,470,102
9,135,850
(3,993,585)
57,612,366
Total liabilities
44,437,583
6,928,678
(2,269,929)
49,096,331
Depreciation
153,831
378
–
154,209
Capital expenditure on premises and equipment
201,502
184
–
201,686
