PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2005
	2005	2004
	N'000	N'000
Interest and discount income	5,027,709	5,299,132
Interest expense	(3,373,846)	(3,980,684)
Net interest margin	1,653,863	1,318,448
Other income	58,479	68,637
	1,712,342	1,387,085
Provisions	(215,122)	(17,449)
Operating expenses	(476,273)	(563,653)
Profit on ordinary activities before taxation	1,020,947	805,983
Taxation	(292,932)	(267,952)
Profit on ordinary activities after taxation	728,015	538,031
Appropriations:
Statutory reserve	109,202	80,705
Reserve for bonus issue	247,787	285,908
Proposed Dividend	185,840	142,954
Retained profit for the year transferred to general reserve	185,186	28,464
Retained profit for the year transferred
to general reserve	728,015	538,031
Per share data (kobo)
Earnings per share	59	58
Dividend per share	15	15