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ABRIDGED
PROFIT & LOSS ACCOUNT (AUDITED) FOR THE
YEAR ENDED 31st DECEMBER 2006
| PARTICULARS |
31st
DEC., 2006 |
31st
DEC., 2005 |
| |
Nu. ch |
Nu. ch |
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|
|
| Interest
Income |
509,262,924.16 |
416,004,790.34 |
| ADD: Other Operating
Income |
63,556,383.60 |
85,268,158.48 |
| GROSS INCOME |
678,675,008.78 |
594,531,082.64 |
| |
|
|
| LESS: Interest
Expenses |
(238,062,928.90) |
(198,663,775.54) |
| LESS: Operating Expenses |
(140,517,596.80) |
96,154,229.18) |
| Net Operating Income |
302,094,483.08 |
299,713,007.92 |
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| ADD/LESS: Write-back/
(Write-offs & losses) |
(20,116,891.37) |
(2,012,352.01) |
| ADD/LESS: Write-back
of/(Charge of provisions (net)) |
(7,143,398.84) |
(81,074,415.52) |
| Profit
Before Tax |
274,834,192.87 |
216,626,240.39 |
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| LESS: Provision
for taxation |
(82,450,257.86) |
(64,987,872.12) |
| LESS: Tax paid for earlier
period |
(622,364.81) |
- |
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| Profit After Tax |
191,761,570.20 |
151,638,368.27 |
| ADD: Balance in Profit &
Loss Account (brought forward) |
16,058,215.49 |
1,266,344.70 |
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| Profit Available for
Appropriation |
207,819,785.69 |
152,904,712.97 |
| LESS: Prposed
Dividend |
(119,008,000.00) |
(83,305,600.00) |
| Transfer to Foreign
Exchange Fluctuation Reserve |
- |
(8,049,387.00) |
| Transfer To General
Reserve |
(57,528,471.06) |
(45,491,510.48) |
| RETAINED
EARNINGS |
31,283,314.63 |
16,058,215.49 |
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| EARNINGS
PER SHARE |
161.13 |
127.42 |
| BOOK VALUE
PER SHARE |
683.30 |
622.16 |
| DIVIDEND
DECLARED |
Nu.100
per share |
Nu.
70 per share |
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| The above
is issued under the authority of the Board
of Directors.
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