<strong>Annual</strong> Report <strong>2008</strong> 23
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER <strong>2008</strong> <strong>2008</strong> 2007 <strong>2008</strong> 2007 Note US$ US$ Riel Million Riel Million (Unaudited) (Unaudited) Interest income 21 52,709,241 36,414,584 215,107 145,768 Interest expense 21 (13,364,028) (9,367,741) (54,539) (37,499) Net interest income 39,345,213 27,046,843 160,568 108,269 Fee and commission income 22 8,830,950 5,859,422 36,039 23,455 Fee and commission expense 22 (1,087,439) (528,071) (4,438) (2,114) Net fee and commission income 7,743,511 5,331,351 31,601 21,341 Other operating income 23 1,079,862 1,046,067 4,407 4,187 48,168,586 33,424,261 196,576 133,797 General administrative expenses 24 (11,408,141) (7,140,100) (46,557) (28,582) Provision for bad loans - net 26 (9,168,383) (1,140,676) (37,416) (4,566) Profit before income tax 27,592,062 25,143,485 112,603 100,649 Income tax expense 27 (5,518,412) (5,028,697) (22,521) (20,130) Net profit for the year 22,073,650 20,114,788 90,082 80,519 24 <strong>Annual</strong> Report <strong>2008</strong>