Consolidated income statement

Consolidated income statement

  Year ended 31 December
Note 2017   2016
    AED’000   AED’000
         
Interest income and income from Islamic financing and investing assets 22 244,899   282,164
Interest expense and profit distributable to depositors 22

(74,034)

(62,397)

Net interest income and income from Islamic financing and investing assets 170,865 219,767
 
Income from Tier 1 Capital Instruments 5

25,773

25,605

Interest income, income from Islamic financing and investing assets and net income from Tier 1 capital instruments

196,638

245,372

 
Net fee and commission income 23 47,480 48,020
Net insurance income 24 12,681 7,663
Net (loss)/income from investments 25 (1,159) 40,207
Gain on disposal of a subsidiary 15,001
Share of profit/(loss) of associate 8 1,243 (1,210)
Other operating income

24,183

20,946

Total operating income 296,067 360,998
Salaries and employees related expenses 30 (125,168) (122,395)
Net impairment charges on loans and advances and Islamic financing and investing assets 6, 7 (46,459) (121,770)
Outsourced employees’ cost (34,702) (26,173)
Rent (10,414) (9,982)
Depreciation of property, fixtures and equipment 10 (7,170) (7,309)
Change in fair value of investment properties 29 (6,000)
Other expenses (33,540) (35,270)
Profit for the year
32,614
38,099


Attributable to:  
Equity holders of the parent 34,330 40,296
Non-controlling interests 3 (1,716) (2,197)
32,614
38,099

 

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

0.03

0.05