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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, 2004 |
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(In Thousand Arab Emirates Dirhams) |
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2004 |
2003 |
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Interest income |
185,235 |
158,703 |
|
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Interest expense |
(38,752) |
(29,331) |
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Net interest income |
146,483 |
129,372 |
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Other operating income |
70,076 |
51,835 |
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Operating income for the year |
216,559 |
181,207 |
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General and administrative expenses |
(37,170) |
(38,354) |
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Allowances for impairment of loans and
advances, net |
(19,883) |
(12,611) |
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Income before taxation |
159,506 |
130,242 |
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Taxation |
(33,608) |
(28,915) |
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Net income for the year |
125,898 |
101,327 |
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