Page 92 - RFHL ANNUAL REPORT 2024_ONLINE

90 Consolidated Statement of Income

For the year ended September 30, 2024. Expressed in millions of Trinidad and Tobago dollars, unless otherwise stated.

Notes 2024 2023

Interest income 19 (a) 6,136 5,497
Interest expense 19 (b) (1,070) (833)

Net interest income 5,066 4,664
Other income 19 (c) 2,101 2,029

7,167 6,693
Operating expenses 19 (d) (4,034) (3,851)
Share of profit of associated companies 6 9 6

Operating profit 3,142 2,848
Credit loss expense on financial assets 20 (109) (181)
Net monetary loss in hyperinflationary economies (25) (68)

Net profit before taxation 3,008 2,599
Taxation expense 21 (736) (667)

Net profit after taxation 2,272 1,932

Attributable to:
Equity holders of the Parent 2,005 1,750
Non-controlling interests 267 182

2,272 1,932

Earnings per share (expressed in $ per share)
Basic 12.25 10.69
Diluted 12.29 10.71

Weighted average number of shares (’000)
Basic 17 163,007 162,906
Diluted 17 163,185 163,328

The accompanying notes form an integral part of these Consolidated financial statements.