SBN HOLDINGS LIMITED Annual Report 2022
58
INCOME STATEMENTS
for the year ended 31 December 2022
STATEMENTS OF OTHER
COMPREHENSIVE INCOME
for the year ended 31 December 2022
SBN HOLDINGS LIMITED
Annual report 2022
GROUP
COMPANY
Note
2022
N$'000
2021
Restated¹
N$'000
2022
N$'000
2021
N$'000
Net interest income
1 444 802
1 229 312
Interest income
23
2 406 153
1 965 259
Interest expense
24
(961 351)
(735 947)
Non-interest revenue
1 283 086
1 208 806
135 142
280 596
Net fee and commission revenue
912 644
900 347
Fee and commission revenue
Fee and commission expense
Trading revenue
Other revenue
28
Other gains on financial instruments
29
22222
25
1 213 989
1 161 708
Profit for the year
Other comprehensive income/(loss) - net of taxation²
Items that may be subsequently reclassified to profit or loss
Net change in fair value of equity financial assets measured at fair
value through other comprehensive income (FVOCI)
Net change in expected credit loss (ECL)
Net change in fair value
GROUP
COMPANY
2022
N$'000
2021
Restated¹
N$'000
2022
N$'000
2021
N$'000
624 280
3 337
366 211
(213)
133 472
275 564
(1 879)
(8906)
294
(1939)
(2 173)
(6.967)
26
(301 345)
(261 361)
27
150 178
113 935
Items that may not be subsequently reclassified to profit or loss
Fair value movement on post-employment benefit (note 34)
5 216
8 693
145 901
106 383
135 142
280 596
74 363
88 141
Total comprehensive income for the year
627 617
Attributable to ordinary shareholders
626 940
Total income
2 727 888
2 438 118
135 142
280 596
Attributable to non-controlling interest
677
365 998
365 175
823
133 472
133 472
275 564
275 564
Credit impairment charges
30
(161 213)
(288 751)
Net income before operating expenses
2 566 675
2 149 367
135 142
280 596
Operating expenses
31
(1 678 675)
(1586 804)
Net income before indirect taxation
888 000
562 563
(1 670)
133 472
(5 032)
1 Refer to restatement explanation included in the accounting policy elections and restatements section for details.
2 Income tax relating to each component of other comprehensive income is disclosed in note 32.2.
275 564
Indirect taxation
32
(29 137)
(43 356)
Profit before direct taxation
Direct taxation
Profit for the year
858 863
519 207
133 472
275 564
32
(234 583)
(152 996)
624 280
366 211
133 472
275 564
Attributable to ordinary shareholders
Attributable to non-controlling interest
Basic and diluted earnings per ordinary share
623 603
677
365 388
823
133 472
275 564
38
119
70
1 Refer to restatement narrative included in the accounting policy elections and restatements section for the restatements of accrued interest and interest in suspense.
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