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STATEMENTSOF
INCOME
FOR THE YEAR ENDED 31 DECEMBER 2013
Group
Bank
2013
2012
2013
2012
Note
RM’000
RM’000
RM’000
RM’000
Operating Revenue
23
273,511
185,157
273,511
185,157
Interest income
24
269,994
217,166
269,994
217,166
Interest expense
25
(91,358)
(67,785)
(91,358)
(67,785)
Net interest income
178,636
149,381
178,636
149,381
Underwriting results
26
2,118
(1,371)
2,118
(1,371)
Income from Islamic business
39
57,860
21,364
57,860
21,364
Other income
27
34,490
75,617
34,490
75,617
Net income
273,104
244,991
273,104
244,991
Overhead expenses
28
(70,251)
(59,590)
(70,242)
(59,581)
Operating profit
202,853
185,401
202,862
185,410
Allowance for diminution in value of
investment in a subsidiary
–
–
(7)
(6)
Allowance for losses on loans, advances
and financing
31
(12,600)
(15,664)
(12,600)
(15,664)
Profit before taxation
190,253
169,737
190,255
169,740
Taxation
32
(44,841)
(45,542)
(44,839)
(45,541)
Zakat
(695)
(429)
(695)
(429)
Net profit for the year
144,717
123,766
144,721
123,770
Earnings per share (sen)
33
5.34
4.57
5.34
4.57
The accompanying notes form an integral part of the financial statements.
EXIM Bank Annual Report 2013
101