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7b Geographical segments
The Group operates in three geographic regions, being:
• Nigeria
• Rest of Africa
• Europe
31 December 2017 Nigeria Rest of Europe Total
In thousands of Naira Africa
Derived from external customers 398,161,575 38,759,457 22,154,747 459,075,779
Derived from other segments - - - -
Total Revenue 398,161,575 38,759,457 22,154,747 459,075,779
Interest Income 274,670,641 28,223,362 16,960,399 319,854,402
Impairment Losses (29,149,849) (5,317,020) - (34,466,869)
Interest expense (143,133,607) (6,302,975) (6,966,275) (156,402,857)
Net fee and commission income 45,785,985 5,819,745 4,991,587 56,597,317
Operating Income 255,027,968 32,456,482 15,188,472 302,672,922
Profit before income tax 67,043,501 3,993,736 9,035,244 80,072,480
Assets and liabilities:
Loans and Advances to customers and banks 1,872,711,740 95,388,270 96,001,693 2,064,101,703
Non current assets
Goodwill - 681,007 - 681,007
Total assets 3,499,683,979 (67,809,612) 670,368,454 4,102,242,820
Deposit from customers 1,910,773,713 130,741,584 203,363,778 2,244,879,075
Total liabilities 3,030,192,882 (39,075,909) 595,678,438 3,586,795,411
Net assets 469,491,097 (28,733,703) 74,690,016 515,447,409
31 December 2016 Nigeria Rest of Europe Total
In thousands of Naira Africa
Derived from external customers 331,000,972 42,385,383 7,934,428 381,320,783
Derived from other segments - - - -
Total Revenue 331,000,972 42,385,383 7,934,428 381,320,783
Interest Income 210,794,456 10,563,845 25,928,334 247,286,635
Impairment Losses (17,641,127) (4,311,692) - (21,952,819)
Interest expense (94,777,050) (9,086,318) (4,275,507) (108,138,875)
Net fee and commission income 45,992,484 5,372,046 3,499,274 54,863,803
Operating Income 236,223,922 33,299,065 3,658,921 273,181,908
236,223,922 33,299,065 3,658,921 273,181,908
Profit before income tax 80,579,576 5,257,275 4,502,605 90,339,456
Assets and liabilities:
Loans and Advances to customers 1,698,568,920 92,329,153 18,561,100 1,809,459,172
292 Access BAnk Plc
Annual Report & Accounts 2017
