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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, 2006 |
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(In Thousand Arab Emirates Dirhams) |
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2006 |
2005 |
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Interest income |
421,211 |
247,209 |
|
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Interest expense |
(176,644) |
(79,847) |
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Net interest income |
244,567 |
167,362 |
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Other operating income |
86,848 |
82,835 |
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Operating income for the year |
331,415 |
250,197 |
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General and administrative expenses |
(44,558) |
(42,642) |
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Allowances for impairment of loans and
advances, net |
(19,610) |
(9,126) |
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Income before taxation |
267,247 |
198,429 |
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Taxation |
(55,165) |
(42,131) |
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Net income for the year |
212,082 |
156,298 |
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