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Bank Melli Iran |
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United Arab Emirates Branches |
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Income Statement |
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For the year ended December 31, 2003 |
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(In Thousand Arab Emirates Dirhams) |
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2003 |
2002 |
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Interest income |
158,703 |
150,837 |
|
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Interest expense |
(29,331) |
(41,697) |
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Net interest income |
129,372 |
109,140 |
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Other operating income |
51,835 |
40,596 |
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Operating income for the year |
181,207 |
149,736 |
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General and administrative expenses |
(38,354) |
(34,045) |
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Allowances for impairment of loans and
advances, net |
(12,611) |
(9,173) |
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Income before taxation |
130,242 |
106,518 |
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Taxation for the current year |
(28,915) |
(22,703) |
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Net income for the year |
101,327 |
83,815 |
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