Financial Updates
|
JORDAN KUWAIT BANK |
| |
|
CONSOLIDATED STATEMENTS OF INCOME |
|
For the Period Ended September 30, 2006 & 2005
|
| |
In US Dollars |
| |
September 30, |
|
September 30, |
| |
2006 |
|
2005 (Restated) |
| |
|
|
|
|
Interest income |
106,546,199
|
|
56,143,735
|
|
Interest expense |
45,865,244
|
|
21,423,372
|
|
Net Interest Income |
60,680,955
|
|
34,720,363
|
|
Commission income-net |
8,890,709 |
|
6,012,142
|
|
Net Interest and Commission |
69,571,664 |
|
40,732,505
|
|
Foreign currencies differences
|
2,982,271
|
|
3,732,817
|
|
Income from trading financial assets |
(351,451)
|
|
1,482,659
|
|
Income from financial assets and instruments
|
664,299
|
|
2,122,742
|
|
Other income |
10,211,042
|
|
12,857,812
|
|
Gross Income |
83,077,825
|
|
60,928,535
|
| |
|
|
|
|
Employees expenses |
15,155,880
|
|
10,824,054
|
|
Depreciation and amortization |
3,419,528
|
|
2,096,257
|
|
Other expenses |
6,957,714
|
|
6,115,804
|
|
Provision (surplus) for impairment in credit facilities |
(4,547,536)
|
|
(172,945)
|
|
Provision (surplus) for impairment in held-to-maturity investments
|
(14,563) |
|
- |
|
Other various provisions |
893,161
|
|
722,269
|
|
Total Expenses |
21,864,184
|
|
19,585,439
|
|
Income before Taxes |
61,213,641
|
|
41,343,096
|
|
Income tax expense |
17,827,973
|
|
11,278,199
|
|
Income for the Year
|
43,385,668
|
|
30,064,897
|
|
|
|
|
|
|
Pertains to: |
|
|
|
|
Bank Shareholders |
42,148,343
|
|
26,781,049
|
|
Minority Interest |
1,237,326
|
|
3,283,848
|
| |
|
|
|
|
Earnings per Share - Bank Shareholders |
0.618
|
|
0.399
|
|
