Investor Presentaiton
Highlights of Income Statement
2021
2020
Growth
In millions of naira
Gross earnings
Interest income
N'M % of Total
N'M
% of Total
%
142,316
100.0%
135,835
100.0%
4.8%
110,975
78.0%
111,452
82.0%
-0.4%
Interest expense
-45,191
-31.8%
-49,305
-36.3%
-8.3%
Net interest income
65,784
46.2%
62,147
45.8%
5.9%
Fees & commission income
19,359
13.6%
13,087
9.6%
47.9%
Net trading income
5,798
4.1%
8,654
6.4%
-33.0%
Other operating income
6,184
4.3%
2,642
1.9%
134.1%
Non-interest income
31,341
22.0%
24,383
18.0%
28.5%
Operating Income
Impairment charges
97,125
68.2%
86,530
63.7%
12.2%
-9,821
-6.9%
-7,906
-5.8%
24.2%
Net Operating Income
87,304
61.3%
78,624
57.9%
11.0%
Personnel expenses
-14,917
-10.5% -14,841
-10.9%
0.5%
Other operating expenses
-20,676
-14.5% -17,939
-13.2%
15.3%
General and administrative expenses
-23,576
-16.6% -19,914
-14.7%
18.4%
Depreciation & amortization
-5,145
Other property, plant and equipment
Total expenses
Profit before income tax
Income tax expense
Profit after income tax
14,474
-959
-3.6%
-8,516
-6.0%
-72,830 -51.2% -66,252
10.2%
-6,050
-4.5%
-15.0%
-7,508
-5.5%
13.4%
-48.8%
9.9%
12,372
9.1%
17.0%
-0.7%
-1130
-0.8%
-15.1%
13,515
9.5%
11,242
8.3%
20.2%
Sterling TowersView entire presentation