Republic Bank Limited
138
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
25 SEGMENTAL INFORMATION
(continued)
ii) By class of business
Retail and
commercial
Merchant
banking
banking
Eliminations
Total
2015
Interest income
2,530,533
286,693
(38,495)
2,778,731
Interest expense
(316,100)
(48,090)
38,495
(325,695)
Net interest income
2,214,433
238,603
–
2,453,036
Other income
1,619,835
135,122
(292,558)
1,462,399
Share of profits of associates
39,276
–
–
39,276
Operating income
3,873,544
373,725
(292,558)
3,954,711
Goodwill impairment expense
–
(31,510)
–
(31,510)
Other operating expenses
(2,092,314)
(43,615)
11,476
(2,124,453)
Operating profit
1,781,230
298,600
(281,082)
1,798,748
Loan impairment expense, net of recoveries
(143,929)
(21,335)
–
(165,264)
Net profit before taxation
1,637,301
277,265
(281,082)
1,633,484
Taxation
(351,478)
(45,262)
–
(396,740)
Net profit after taxation
1,285,823
232,003
(281,082)
1,236,744
Investment in associated companies
142,066
–
–
142,066
Total assets
63,853,214
8,006,181
(5,867,209)
65,992,186
Total liabilities
54,503,678
5,809,614
(3,731,715)
56,581,577
Depreciation
144,567
592
–
145,159
Capital expenditure on premises and equipment
573
286,765
–
287,338
Cash flow from operating activities
(702,825)
289,362
(621,668)
(1,035,131)
Cash flow from investing activities
(1,281,493)
770,423
1,655,459
1,144,389
Cash flow from financing activities
(395,540)
(277,713)
272,574
(400,679)
