Consolidated income statement

Consolidated income statement

 

Year ended 31 December

Note 2018   2017
    AED’000   AED’000
         
Interest income and income from Islamic financing

and investing assets

22 261,543   244,899
Interest expense and profit distributable to depositors 22

(85,608)

(74,034)

Net interest income and income from Islamic financing and investing assets 22 175,935 170,865
 
Income from Tier 1 Capital Instruments 5 19,017 25,773
Net fee and commission income 23 46,748 47,480
Net insurance income 24 38,773 12,681
Net loss from investments 25 (407) (1,159)
Gain on disposal of a subsidiary 15,001
Share of (loss)/profit of associate 8 (1,235) 1,243
Other operating income 34 20,962 27,683
Salaries and employees related expenses 29 (145,001) (159,870)
Net impairment charges on loans and advances and Islamic financing and investing assets 6, 7 (79,496) (55,959)
General and administrative expenses 35 (57,456) (51,124)
Profit for the year
17,840
 
32,614


Attributable to:  
Equity holders of the parent 11,825 34,330
Non-controlling interests 3 6,015 (1,716)
17,840
32,614

 

Basic and diluted earnings per share attributable to ordinary shares (AED) 26

(0.04)

0.03