Consolidated
Statement of Income
For the three months ended 31 March 2005
(Unaudited)
| |
Three months
ended |
 |
| |
31-Mar
2005
US$ 000's |
31-Mar
2004
US$ 000’s |
| Investment income |
22,290 |
7,798 |
| Interest income |
4,204 |
2,713 |
|
|
|
| |
26,494 |
10,511 |
| |
|
|
| Fees and commissions |
7,320 |
5,813 |
| Foreign exchange revaluation gains, net |
533 |
689 |
| Share of income from associated companies |
8,190 |
5,851 |
|
|
|
| Total income |
42,537 |
22,864 |
| |
|
|
| Interest expense |
(7,973) |
(4,430) |
|
|
|
| Operating income before expenses and
provisions |
34,564 |
18,434 |
| |
|
|
| Salaries and benefits |
(5,317) |
(4,145) |
| General and administrative expenses |
(7,233) |
(2,216) |
| Amortisation of goodwill, net |
- |
(246) |
|
|
|
| Operating income before provisions |
22,014 |
11,827 |
| |
|
|
| Provision for not-trading investments |
(2,000) |
- |
| (Provision) / writeback for doubtful loans and
guarantees |
(78) |
2,615 |
|
|
|
| Income for the period |
19,936 |
14,442 |
| |
|
|
| Income attributable to minority interest |
(3,642) |
(3,044) |
|
|
|
| Income attributable to equity of the parent |
16,294 |
11,398 |
|
|
|
| |
|
|
| Basic earnings per share (US cents) |
2.13 |
1.49 |
|
|
|
|
|
