21
2014 ANNUAL REPORT
All figures are in TT$ Millions
2014
2013
Change
% Change
Restated
Profitability
Net interest income
2,218.1
2,180.7
37.4
1.7%
Other income
1,487.0
1,256.6
230.4
18.3%
Share of profits/(loss) of associated companies
49.1
(60.3)
109.5
181.5%
Operating expenses
(1,811.0)
(1,673.6)
(137.3)
-8.2%
Employee benefits pension and medical contribution
(65.5)
(38.3)
(27.3)
-71.2%
Goodwill impairment expense
(185.0)
–
(185.0)
-100.0%
Investment impairment expense
(4.1)
(53.0)
48.9
92.3%
Loan impairment expense
(119.9)
(57.1)
(62.8)
-110.1%
Profit before taxation
1,568.7
1,554.9
13.8
0.9%
Taxation
(339.0)
(377.1)
38.1
10.1%
Profit after taxation
1,229.7
1,177.9
51.8
4.4%
Non-controlling interest
(36.3)
(26.8)
(9.5)
-35.3%
Profit attributable to equity holders of the parent
1,193.4
1,151.0
42.4
3.7%
provisions which are charged to the income statement and by a
general contingency reserve which is charged directly to equity.
When combined, total specific and general provisions represent
106.1% of NPL’s at September 30, 2014.
All figures are in TT$ Millions
2010
2011
2012
2013
2014
Performing Loans
21,481
21,477
22,928
24,640
26,513
Non-performing Loans (NPL’s)
995
732
778
948
974
Gross loans
22,475
22,209
23,707
25,589
27,487
Loan Provision
(628)
(343)
(390)
(353)
(391)
Net Loans
21,847
21,866
23,317
25,236
27,095
Contingency Reserve
422
455
453
654
642
Non-performing Loans to Gross Loans
4.4%
3.3%
3.3%
3.7%
3.5%
Loan provision as a % of NPL’s
63.2%
46.8% 50.0%
37.2%
40.2%
Provision and Contingency Reserves as a % of NPL’s
105.6%
109.0% 108.2%
106.2%
106.1%
LoansandAdvances
IncomeStatement
