51
2014 ANNUAL REPORT
ConsolidatedStatement of Income
For the year ended September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000), except where otherwise stated
Notes
2014
2013
(Restated)
Interest income
18(a)
2,521,146
2,517,161
Interest expense
18(b)
(303,094)
(336,495)
Net interest income
2,218,052
2,180,666
Other income
18(c)
1,486,982
1,256,599
3,705,034
3,437,265
Operating expenses
18(d)
(2,061,496)
(1,711,903)
Share of net profits/(loss) of associated companies
6
49,135
(60,324)
Operating profit
1,692,673
1,665,038
Investment impairment expense
(4,094)
(53,044)
Loan impairment expense, net of recoveries
4(b)(ii)
(119,883)
(57,052)
Net profit before taxation
1,568,696
1,554,942
Taxation expense
19
(338,980)
(377,075)
Net profit after taxation
1,229,716
1,177,867
Attributable to:
Equity holders of the parent
1,193,390
1,151,021
Non-controlling interest
36,326
26,846
1,229,716
1,177,867
Earnings per share ($)
Basic
$7.42
$7.18
Diluted
$7.39
$7.16
Weighted average number of shares (’000)
Basic
16
160,918
160,294
Diluted
16
161,467
160,768
The accompanying notes form an integral part of these consolidated financial statements.
