Global Investment House Global Investment House  
Search
rss
Income Statement
Investor Relations
Share Information
Listing Information
Top Shareholders
Historical Share Data
Historical Dividends
Financials & Reports
Highlights
5 year overview
Income Statement
Balance Sheet
Annual Reports
Quarterly Financial Statements
IR Corporate Presentations
Annoucements & News
RNS Announcements
Global News
Corporate Announcements
IR Calendar & Events
Corporate Governance
Philosophy
Board of Directors
Board Committees
Board Audit Committee
Board Remuneration Committee
Board Risk Committee
Management Committees
Asset Management Committee
Credit Committee
Information Technology Steering Committee
New Products Committee
Provision Committee
Group Risk Management
Group Internal Audit
Compliance
Financial Reporting
External Audit
Code of Conduct
FAQ
Income Statement
Amounts in KWD'000

31/12/2014

31/12/2013

Fees and commission income 14,912 11,541
Interest and similar income 1,745 1,626
Net gain (loss)on financial assets designated at fair value through  profit or loss 800 134
Net loss on sale of financial assets available for sale (34) -
Share of results of associates (63) (176)
Gain (loss) on disposal of associate 405 (125)
Net (loss) on investment properties (12) -
Foreign exchange losses 2,169 (263)
Other operating income 2,585 386 
Operating Income 22,507 13,123
Less:
Personnel expenses 9,816 8,174
Other operating expenses 3,834 3,236
Depreciation of property and equipment 1,111 1,559
Interest expense and similar expenses - 48
Impairment (reversal) charg on financial assets, associates and intangible assets 569  13,569
Charge of provision for credit losses 490 1,410
Profit from Operations 15,820 27,996
Less:
Profit (loss) from continuing operations before KFAS, Zakat and Directors' remuneration 6,687 (14,873)
Contribution to Kuwait Foundation for the Advancement of Sciences (KFAS) (61) -
Zakat (67) (19)
Directors' remuneration (126) -
Profit (Loss) for the year from continuing operations 6,433 (14,892)
Discontinued Operations
Profit for the year from discontinued operations - 13,590
Profit (Loss) for the year 6,433 (1,302)
Less:
Equity holders of Parent Company 6,499 1,855
Non-controlling interests (66) (3,157)