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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, 2005 |
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(In Thousand Arab Emirates Dirhams) |
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2005 |
2004 |
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Interest income |
247,209 |
185,235 |
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Interest expense |
(79,847) |
(38,752) |
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Net interest income |
167,362 |
146,483 |
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Other operating income |
82,835 |
70,076 |
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Operating income for the year |
250,197 |
216,559 |
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General and administrative expenses |
(42,642) |
(37,170) |
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Allowances for impairment of loans and advances, net |
(9,126) |
(19,883) |
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Income before taxation |
198,429 |
159,506 |
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Taxation |
(42,131) |
(33,608) |
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Net income for the year |
156,298 |
125,898 |
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