2002
2001
%
R million
change
Audited
Interest income
28
31 230
24 368
Interest expense
20 697
16 191
Net interest income before provision for credit losses
29
10 533
8 177
Provision for credit losses
22
1 955
1 603
Net interest income
30
8 578
6 574
Non-interest revenue
25
11 435
9 135
Total income
27
20 013
15 709
Operating expenses
12 587
9 940
Staff costs
6 934
5 347
Other operating expenses
23
5 653
4 593
Operating profit
7 426
5 769
Income from associates
96
49
Goodwill amortisation
(151)
(65)
Income before taxation
7 371
5 753
Taxation
39
2 435
1 756
Income after taxation
4 936
3 997
Attributable to outside and preference shareholders
122
77
Standard Bank income attributable to ordinary shareholders
4 814
3 920
Liberty Group operations
1 369
2 438
Exceptional items
(14)
(324)
1 355
2 114
359
980
996
1 134
702
816
Net income before investment (deficit) / surplus
(8)
294
318
Net income from continuing operations
(29)
298
420
Net income from unbundled operations
-
14
(4)
(116)
Investment (deficit) / surplus
(111)
287
Liberty Group income attributable to ordinary shareholders
(70)
183
605
Group income attributable to ordinary shareholders
10
4 997
4 525
