Annual Report 2015
139
25 SEGMENTAL INFORMATION
(continued)
ii) By class of business
(continued)
Retail and
commercial
Merchant
banking
banking
Eliminations
Total
2014
Interest income
2,252,099
323,973
(54,926)
2,521,146
Interest expense
(296,880)
(61,140)
54,926
(303,094)
Net interest income
1,955,219
262,833
–
2,218,052
Other income
1,545,563
85,502
(144,083)
1,486,982
Share of profits of associates
49,135
–
–
49,135
Operating income
3,549,917
348,335
(144,083)
3,754,169
Goodwill impairment expense
(185,000)
–
–
(185,000)
Other operating expenses
(1,849,990)
(41,672)
11,072
(1,880,590)
Operating profit
1,514,927
306,663
(133,011)
1,688,579
Loan impairment expense, net of recoveries
(112,403)
(7,480)
–
(119,883)
Net profit before taxation
1,402,524
299,183
(133,011)
1,568,696
Taxation
(300,382)
(38,598)
–
(338,980)
Net profit after taxation
1,102,142
260,585
(133,011)
1,229,716
Investment in associated companies
345,942
–
–
345,942
Total assets
54,920,240
8,621,476
(4,170,200)
59,371,516
Total liabilities
46,709,784
6,229,151
(2,313,742)
50,625,193
Depreciation
150,322
467
–
150,789
Capital expenditure on premises and equipment
201,090
1,735
–
202,825
Cash flow from operating activities
516,059
(41,763)
(30,905)
443,391
Cash flow from investing activities
(94,788)
(53,907)
(149,558)
(298,253)
Cash flow from financing activities
(877,518)
(92,536)
131,490
(838,564)
