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Home/ About Us/ Statements & Reports/ Income Statement
Income Statement
 
  Notes 2010 2009
    AED’000 AED’000
Interest income 25 1,068,071 983,317
Interest expense 26 (518,021) (417,969)
                                                             
Net interest income   550,050 565,348
Net fee and commission income 27 121,177 121,775
Exchange profit   20,334 23,092
Investment income 28 6,387 45,642
Gain on disposal of associate & subsidiaries   19,523 -
Revaluation loss on investment properties 10 (35,132) (12,108)
Other income   6,100 7,460
                                                             
Operating income   688,439 751,209
Net impairment charge on financial assets 29 (75,463) (89,899)
                                                             
Net operating income   612,976 661,310
General and administrative expenses 30 (193,377) (178,443)
Amortisation of intangible assets 11 (7,784) -
                                                             
Profit before taxes   411,815 482,867
Income tax expense - overseas   (7,868) (7,370)
                                                             
Profit for the year   403,947 475,497
    ============= =============
Attributable to:      
Shareholders of the parent company   397,452 467,969
Non-controlling interest   6,495 7,528
                                                             
    403,947 475,497
    ============= =============
Basic earnings per share (AED) 20 0.189 0.223
    ============= =============
Profit for the year   403,947 475,497
                                                             
Other comprehensive (loss)/income      
Changes in fair value of available for sale investments   - 47,434
Changes in fair value of financial assets measured at fair value through other comprehensive income   938 -
Charity donations appropriated in the year 21 (2,500) (2,500)
Directors’ remuneration paid in the year 21 (9,695) (6,000)
                                                             
Total other comprehensive (loss)/income for the year   (11,257) 38,934
                                                             
Total comprehensive income for the year   392,690 514,431
    ============= =============
Attributed to:      
Shareholders of the Parent   386,612 504,353
Non-controlling interest   6,078 10,078
                                                             
    392,690 514,431
    ============= =============


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