Profit and Loss Account

 
 
(for the year ended 31st December 2003)
   
 
   
Note

2003
MOP’000
 
2002
MOP’000
 
   
   
  Interest income
4
524,693
601,167
 
  Interest expense
5
(184,847
)
(266,464
)
   
  Net interest income
339,846
334,703
 
  Other operating income
6
171,905
136,060
 
   
  Operating income
511,751
470,763
 
  Operating expenses
7
(200,544
)
(199,477
)
   
 
Operating profit before provisions  
311,207
271,286
 
 
Charge for bad and doubtful
advances and other accounts
 
8
(206,965
)
(178,803
)
   
  Operating profit
104,242
92,483
 
  Net gain/(loss) from disposals
of fixed assets
1,038
(1,594
)
   
  Profit before taxation
105,280
90,889
 
  Taxation
9
(14,650
)
(13,869
)
   
  Profit for the year
90,630
77,020
 
   
   
 
  Dividend
10
70,000
60,000
 
     

 

 
Previous Page Tai Fung Bank Limited Annual Report 2003  
 
6
Next Page