consolidated income statement

for the year ended 30 June 2009


      2009     2008  
  Note   R’000     R’000  
Interest income 28   371 072     336 054  
Interest expense 29   211 510     180 906  
Net interest income     159 562     155 148  
Non-interest income 30   471 680     432 210  
Total income     631 242     587 358  
Impairment charges on loans and advances 31   18 762     4 299  
Net income after impairments     612 480     583 059  
Operating costs     399 306     360 622  
Staff costs 32.1   168 153     144 719  
Other operating expenses 32.2   231 153     215 903  
               
Profit from operations     213 174     222 437  
Share of associated companies’ income     8 167     4 932  
Profit before income tax     221 341     227 369  
Income tax expense 33   32 332     42 940  
Profit for the year     189 009     184 429  
Profit attributable to:              
Minority interest     10 459     9 614  
Preference shareholders     21 646     18 723  
Equity holders of the parent     156 904     156 092  
Profit for the year     189 009     184 429  
Weighted average number of shares in issue (‘000)     27 471     27 094  
Earnings per ordinary share (cents) 34.4   571     576  
Diluted earnings per ordinary share (cents) 34.6   570     572  

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