|
|
|
|
|
|
2006 |
2005 |
| |
|
US$m |
US$m |
|
|
|
|
| 1. |
REVENUE |
|
|
|
Fee income |
19,0 |
16,8 |
|
Dividends |
1,7 |
11,3 |
|
Rental income |
0,4 |
0,8 |
|
Net interest received– micro-lending operations |
17,9 |
12,2 |
| |
Interest received |
5,5 |
3,9 |
|
Total revenue |
44,5 |
45,0 |
|
Revenue includes the following related party transactions: |
|
|
| |
– Interest received from associates and joint ventures |
1,0 |
1,9 |
|
|
|
|
| 2. |
OTHER INCOME |
|
|
|
Currency gains on operating transactions |
– |
0,3 |
|
Realised gains on financial assets and instruments |
9,3 |
3,3 |
| |
Unrealised gains on financial assets |
40,0 |
29,2 |
|
Total other income |
49,3 |
32,8 |
| |
Unrealised gains from an active market amounted to US$ 34,4 million (2005:US$ 14,8 million). |
|
|
|
|
|
|
| 3. |
OPERATING EXPENSES |
|
|
|
Includes the following: |
|
|
|
Employee costs |
18,9 |
16,0 |
|
Retirement funding costs |
0,7 |
0,6 |
|
Auditors’ remuneration |
0,5 |
0,5 |
|
Audit fees |
0,3 |
0,3 |
|
Prior year underprovision |
0,1 |
0,1 |
|
Other services |
0,1 |
0,1 |
|
Directors’ emoluments |
5,0 |
2,4 |
|
|
|
|
|
Executive directors |
|
|
|
|
|
|
|
As directors of Brait S.A. |
0,1 |
0,1 |
|
Paid by subsidiaries within the group |
4,5 |
1,9 |
|
Non-executive directors
As directors of Brait S.A. |
0,1 |
0,1 |
|
Paid by subsidiaries within the group |
0,2 |
0,2 |
|
Otherwise in connection with the group |
0,1 |
0,1 |
|
Depreciation |
0,6 |
0,4 |
|
Movement in provisions |
4,3 |
0,8 |
|
Property lease rentals |
1,2 |
1,0 |
|
Foreign currency profit |
(0,4) |
(0,8) |
|
Provision net of recoveries raised against loans and advances |
0,6 |
0,8 |
|
Share entitlement expenses (refer note 35.1) |
0,7 |
0,4 |
| |
Other expenses |
10,5 |
8,8 |
|
Total expenses |
42,6 |
30,9 |
|
Operating expenses includes the following related party transactions: |
|
|
| |
– Fees paid to associates and parties connected to directors |
(0,6) |
(0,7) |
|
|
|
|
|
