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| Income Statement - 5 year overview | | | | | | | | | | | | | Amount KWD'000 | 2009 | 2008 | 2007 | 2006 | 2005 | | Fees and commission income | 21,532 | 50,999 | 30,137 | 31,597 | 25,641 | | Interest and similar income | 5,182 | 19,468 | 12,444 | 8,858 | 4,133 | | Net gain on financial assets held for trading | (7,112) | (58,992) | 19,738 | 8,655 | 4,155 | | Net gain on financial assets designated at fair value through statement of income | (17,727) | (60,009) | 56,097 | 49,151 | 42,389 | | Net gain on sale of available for sale investment | 10,522 | 1,686 | - | - | - | | Share of results of associates | (31,980) | 7,493 | 4,081 | 551 | 685 | | Net gain on investment properties | (20,051) | 11,999 | 2,876 | 4,561 | 839 | | Loss on disposal of property under development | (5,422) | - | - | - | - | | Gain on disposal of associate | (689) | (6,471) | 5,579 | 1,694 | - | | Gain on disposal of subsidiaries | (867) | 2,391 | 18,975 | 2,299 | - | | Change in fair value of derivative financial insturments | 3,813 | (13,897) | 5 | - | - | | Foreign exchange losses | (10,133) | (4,287) | (4,219) | (1,154) | (114) | | Other operating income | 6,880 | 8,873 | 8,661 | 4,148 | 2,371 | | Operating Income | (46,052) | (40,747) | 154,374 | 110,360 | 80,098 | | | | | | | | Less: | | | | | | | Staff expenses | 11,935 | 6,508 | 14,521 | 8,598 | 6,602 | | Other operating expenses | 20,461 | 11,925 | 9,330 | 5,689 | 3,024 | | Interest expense and similar expenses | 35,021 | 38,860 | 34,423 | 20,351 | 5,983 | | Impairment of other financial assets and intangibles | 35,226 | 152,916 | - | - | - | | Provisions for credit losses | 700 | 7,510 | (109) | 18 | 634 | | Operating Expenses | 103,343 | 219,640 | 58,890 | 34,986 | 16,502 | | | | | | | | Profit From Operations | (149,395) | (260,387) | 95,484 | 75,374 | 63,596 | | | | | | | | Less: | | | | | | | Contribution to KFAS | - | - | 817 | 667 | 572 | | Provision for NLST | - | - | 2,189 | 1,838 | 1,411 | | Directors' Fees | - | - | 180 | 150 | 150 | | Zakat | - | - | 58 | - | - | | | | | | | | Net Profit for the Period | (149,395) | (260,387) | 92,240 | 72,719 | 61,463 | | | | | | | | Attributes to: | | | | | | | Shareholders of Parent Company | (148,826) | (257,649) | 91,365 | 71,410 | 61,386 | | Minority Intertest | (569) | (2,738) | 875 | 1,309 | 77 | | Net Profit for the Period | (149,395) | (260,387) | 92,240 | 72,719 | 61,463 |
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