Republic Bank Limited
70
4
Financial
Notes
2015
2014
Interest income
18 (a)
2,778,731
2,521,146
Interest expense
18 (b)
(325,695)
(303,094)
Net interest income
2,453,036
2,218,052
Other income
18 (c)
1,462,399
1,486,982
3,915,435
3,705,034
Operating expenses
18 (d)
(2,124,453)
(1,880,590)
Share of profits of associated companies
6
39,276
49,135
Operating profit
1,830,258
1,873,579
Goodwill impairment expense
8
(31,510)
(185,000)
Loan impairment expense, net of recoveries
4 (b)
(165,264)
(119,883)
Net profit before taxation
1,633,484
1,568,696
Taxation expense
19
(396,740)
(338,980)
Net profit after taxation
1,236,744
1,229,716
Attributable to:
Equity holders of the parent
1,223,648
1,193,390
Non-controlling interest
13,096
36,326
1,236,744
1,229,716
Earnings per share
Basic
$7.59
$7.42
Diluted
$7.57
$7.39
Weighted average number of shares (’000)
Basic
16
161,279
160,918
Diluted
16
161,662
161,467
The accompanying notes form an integral part of these consolidated financial statements.
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
ConsolidatedStatement of Income
