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| Financial Income Statement - 2 year overview | | | | | | | Amount KWD'000 | 2009 | 2008 | | Fees and commission income | 21,532 | 50,999 | | Interest and similar income | 5,182 | 19,468 | | Net gain on financial assets held for trading | (7,112) | (58,992) | | Net gain on financial assets designated at fair value through statement of income | (17,727) | (60,009) | | Net gain on sale of available for sale investment | 10,522 | 1,686 | | Share of results of associates | (31,980) | 7,493 | | Net gain on investment properties | (20,051) | 11,999 | | Loss on disposal of property under development | (5,422) | - | | Gain on disposal of associate | (689) | (6,471) | | Gain on disposal of subsidiaries | (867) | 2,391 | | Change in fair value of derivative financial insturments | 3,813 | (13,897) | | Foreign exchange losses | (10,133) | (4,287) | | Other operating income | 6,880 | 8,873 | | Operating Income | (46,052) | (40,747) | | | | | Less: | | | | Staff expenses | 11,935 | 6,508 | | Other operating expenses | 20,461 | 11,925 | | Interest expense and similar expenses | 35,021 | 38,860 | | Impairment of other financial assets and intangibles | 35,226 | 152,916 | | Provisions for credit losses | 700 | 7,510 | | Operating Expenses | 103,343 | 219,640 | | | | | Profit From Operations | (149,395) | (260,387) | | | | | Less: | | | | Contribution to KFAS | - | - | | Provision for NLST | - | - | | Directors' Fees | - | - | | Zakat | - | - | | | | | Net Profit for the Period | (149,395) | (260,387) | | | | | Attributes to: | | | | Shareholders of Parent Company | (148,826) | (257,649) | | Minority Intertest | (569) | (2,738) | | Net Profit for the Period | (149,395) | (260,387) |
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