Annual Report 2015
113
17 OTHER RESERVES
(continued)
Unallocated shares in the staff profit sharing scheme
The staff profit sharing scheme purchases Republic Bank Limited shares to build its stock for allocation in the annual profit sharing
exercise. As at September 30, 2015, shares costing $90 million (2014: $72 million) remain unallocated from the profit sharing scheme.
Refer to Note 27 (a).
No. of shares (000’s)
2015
2014
Balance brought forward
610
648
Add shares purchased
562
597
Allocation of shares
(422)
(635)
Balance carried forward
750
610
18 OPERATING PROFIT
2015
2014
a) Interest income
Advances
2,357,816
2,113,038
Investment securities
306,980
331,452
Liquid assets
113,935
76,656
2,778,731
2,521,146
2015
2014
b) Interest expense
Customers’ current, savings and deposit accounts
203,832
172,908
Other fund raising instruments and debt securities in issue
119,112
130,132
Other interest bearing liabilities
2,751
54
325,695
303,094
