Consolidated
Statement of Income
For the three months ended 31 March 2003
(Unaudited)
| |
For the three
months
ended |
 |
| |
31-Mar 2003
US$ 000’s |
31-Mar 2002
US$ 000’s |
| Investment income |
4,618 |
7,499 |
| Interest income |
2,493 |
2,489 |
|
|
|
| |
7,111 |
9,988 |
| |
|
|
| Fees and commissions, net |
2,336 |
1,281 |
| Foreign exchange revaluation gains, net |
2,820 |
689 |
| Share of profits in associated companies |
4,661 |
2,979 |
|
|
|
| Total Income |
16,928 |
14,937 |
| |
|
|
| Interest expenses |
(4,261) |
(4,626) |
|
|
|
| Operating income before expenses and
provisions |
12,667 |
10,311 |
| |
|
|
| Salaries and benefits |
(3,232) |
(2,680) |
| General and administrative expenses |
(1,915) |
(1,209) |
| Administration of goodwill |
116 |
(105) |
|
|
|
| Operating income before provisions |
7,636 |
6,317 |
| |
|
|
| Provision for doubtful loans and guarantees |
(1) |
(150) |
| Provision for non trading investments |
(1,129) |
(1,000) |
|
|
|
| Income for the period before minority
interest |
6,506 |
5,167 |
| |
|
|
| Minority interest |
(478) |
(502) |
|
|
|
| Net income for the period |
6,028 |
4,665 |
|
|
|
| Weighted average number of shares |
764,044 |
741,517 |
|
|
|
| Basic earnings per share (US$) |
0.008 |
0.006 |
|
|
|
|
|
