| Statement
of Comprehensive Income for financial year ended |
2013 |
|
2012 |
|
%CHNG |
| December 31 2014 |
|
|
|
|
|
|
|
|
|
|
|
| Interest
income |
28,542,092 |
|
25,055,599 |
|
13.92% |
| Interest expense |
(16,017,736) |
|
(13,287,493) |
|
20.55% |
| Net interest
income |
12,524,356 |
|
11,768,106 |
|
6.43% |
| Net impairment loss/write back
on financial assets |
1,329,627 |
|
(4,952,760) |
|
|
| after
inpariment charge for credit losses |
13,853,983 |
|
6,815,346 |
|
103.28% |
| Net fee
and commission income |
5,133,191 |
|
4,762,997 |
|
7.77% |
| Net trading income |
349,188 |
|
93,174 |
|
274.77% |
| Other income |
1,621,087 |
|
804,616 |
|
101.47% |
| |
7,103,466 |
|
5,660,787 |
|
25.49% |
| Operating income |
20,957,449 |
|
12,476,133 |
|
67.98% |
| Personnel expenses |
(8,932,412) |
|
(7,831,273) |
|
14.06% |
| Operating lease expenses |
(496,355) |
|
(507,695) |
|
-2.23% |
| Depreciation and amortisation |
(1,390,814) |
|
(1,720,274) |
|
-19.15% |
| Other operating expenses |
(9,120,986) |
|
(7,726,998) |
|
18.04% |
| |
1,016,882 |
|
(5,310,107) |
|
|
| Share of profit in associate |
930,426 |
|
367,896 |
|
152.90% |
| Profit before
tax |
1,947,308 |
|
(4,942,211) |
|
|
| Income tax expense |
(350,777) |
|
(98,418) |
|
256.42% |
| |
|
|
|
|
|
| Profit for the year |
1,596,531 |
|
(5,040,629) |
|
|
| WEMA
BANK PlC |
|
|
|
|
|
| STATEMENT OF COMPREHENSIVE
INCOME |
|
|
|
|
|
| FOR SIX MONTHS ENDED 30
JUNE,2014 |
|
|
|
|
|
|
Jun 30,2014 |
|
June 30 ,2013 |
|
% Change |
|
N'000 |
|
N'000 |
|
|
| Gross Earnings |
20,825,598 |
|
17,047,191 |
|
22.16% |
| Interest Income |
17,656,588 |
|
13,240,401 |
|
33.35% |
| Interest expense |
-7,947,972 |
|
-7,890,220 |
|
0.73% |
| Net interest income |
9,708,616 |
|
5,350,181 |
|
81.46% |
| Net impairment charges |
-355,040 |
|
861,792 |
|
-141.20% |
| Net interest income after
impairment charges |
9,353,576 |
|
6,211,973 |
|
50.57% |
|
|
|
|
|
|
| Net Fee and Commision income |
2,473,253 |
|
2,417,492 |
|
2.31% |
| Net trading income |
341,669 |
|
144,838 |
|
135.90% |
| Other
income |
354,088 |
|
1,244,460 |
|
-71.55% |
|
3,169,010 |
|
3,806,790 |
|
-16.75% |
| Operating income |
12,522,586 |
|
10,018,763 |
|
24.99% |
|
|
|
|
|
|
| Personal expenses |
-4,946,647 |
|
-4,128,469 |
|
19.82% |
| Operating lease expenses |
-132,128 |
|
-130,598 |
|
1.17% |
| Depreciation and amortization |
-700,655 |
|
-557,240 |
|
25.74% |
| Other operating expenses |
-5,040,750 |
|
-4,737,774 |
|
6.39% |
|
1,702,406 |
|
464,682 |
|
266.36% |
|
|
|
|
|
|
| Share of profit in association |
0 |
|
0 |
|
|
| Profit before tax |
1,702,406 |
|
464,682 |
|
266.36% |
| Income tax expense |
-255,361 |
|
-92,936 |
|
174.77% |
| Profit for the year |
1,447,045 |
|
371,746 |
|
289.26% |
| |
|
|
|
|
|
| Share of other comprehensive income of
associate |
0 |
|
0 |
|
|
| Fair value (loss)/gain on
available-for-sale investments |
12,628 |
|
17,250 |
|
-26.79% |
| Other comprehensive income for
the period net tax |
12,628 |
|
17,250 |
|
-26.79% |
| Total comprehensive income
for the year |
1,459,673 |
|
388,996 |
|
275.24% |
|
|
|
|
|
|
| KEY RATIONS |
|
|
|
|
|
| Earnings per share (kobo)
-Basic |
8 |
|
4 |
|
100.00% |
| Earning per share
(kobo)-Diluted |
8 |
|
4 |
|
100.00% |
| NPL Ratio % |
2.5 |
|
3.4 |
|
-26.47% |
|
|
|
|
|
|
| Source - Newspapers (July 17
2014) |
|
|
|
|
|
|
|