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INTERIM CONDENSED
FINANCIAL STATEMENTS
INTERIM CONDENSED FINANCIAL STATEMENTS
30 June 2006
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INCOME STATEMENT (UNAUDITED) |
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| US$ 000 | | 30 June |
| 30 June |
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| 2006 |
| 2005 |
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| 6 months |
| 6 months |
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| INTEREST INCOME |
| 50,778 |
| 32,255 |
| Interest expense and charges |
| (37,706) | | (21,226) |
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| NET INTEREST INCOME |
| 13,072 |
| 11,029 |
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| Fee income |
| 1,449 |
| 907 |
| Fee expense |
| (70) | | (60) |
| Net fee income |
| 1,379 |
| 847 |
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| Dividend income |
| 24,081 |
| 13,523 |
| Realised and unrealised gains on trading securities |
| 2,487 |
| 4,300 |
| Other operating income |
| 326 |
| 1,618 |
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| General administrative expenses |
| (7,810) |
| (7,450) |
| Net reversals of impairment losses |
| 6,758 | | 4,550 |
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| NET INCOME FOR THE SIX MONTHS |
| 40,293 | | 28,417 |
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| Per US$ 1,000 share information |
| 30 June |
| 30 June |
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| 2006 |
| 2005 |
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| v Earnings (based on weighted average number of shares outstanding) | US$ 73.26 |
| US$ 51.67 |
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| v Net asset value at the balance sheet date |
| US$ 1,730 |
| US$ 1,379 |
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| The net income for the six months period ended 30 June 2006 may not be indicative of the net income for the whole year and accordingly should not be interpreted as such. |
BALANCE SHEET |
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| 30 June 2006 |
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