Page 176 - RFHL ANNUAL REPORT 2024_ONLINE

174 Notes to the Consolidated Financial Statements
For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

27. Segmental information (continued)
ii By class of business (continued)

Retail and Other Eliminations
commercial financial and other
2023 banking services adjustments Total

Interest income 5,207 320 (30) 5,497
Interest expense (796) (67) 30 (833)

Net interest income 4,411 253 – 4,664
Other income 3,394 744 (2,109) 2,029
Share of profit of associated companies – – 6 6

Operating income 7,805 997 (2,103) 6,699
Other operating expenses (3,905) (62) 116 (3,851)

Operating profit 3,900 935 (1,987) 2,848
Credit loss expense on financial assets (179) (2) – (181)
Net monetary loss in hyperinflationary economies (68) – – (68)

Net profit before taxation 3,653 933 (1,987) 2,599
Taxation (582) (85) – (667)

Net profit after taxation 3,071 848 (1,987) 1,932

Investment in associated companies – – 69 69
Total assets 120,466 7,580 (15,118) 112,928
Total liabilities 98,977 3,907 (4,224) 98,660
Depreciation 381 2 1 384
Capital expenditure on premises and equipment 394 – – 394
Cash flow from/(used in) operating activities 920 (1,110) – (190)
Cash flow (used in)/from investing activities (3,671) 2,748 – (924)
Cash flow from/(used in) financing activities 473 (1,679) – (1,206)