My first Publication ocbc_ar17_fullreport_english | Page 181

3.
NET INTEREST INCOME
GROUP
Interest income
Loans to non-bank customers
Placements with and loans to banks
Other interest-earning assets
Interest expense
Deposits of non-bank customers
Deposits and balances of banks
Other borrowings
Analysed by classification of financial instruments
Income – Assets not at fair value through profit or loss
Income – Assets at fair value through profit or loss
Expense – Liabilities not at fair value through profit or loss
Expense – Liabilities at fair value through profit or loss
Net interest income
BANK
2017
$’000 2016
$’000 2017
$’000 2016
$’000
6,844,896
1,090,406
1,182,734
9,118,036 6,527,133
771,551
1,069,542
8,368,226 3,530,439
918,347
597,762
5,046,548 3,235,481
617,684
534,840
4,388,005
(2,960,002)
(141,654)
(593,258)
(3,694,914) (2,722,650)
(124,285)
(469,163)
(3,316,098) (1,323,755)
(256,093)
(589,322)
(2,169,170) (1,063,386)
(206,198)
(438,840)
(1,708,424)
8,760,186
357,850
(3,672,584)
(22,330)
5,423,122 8,084,569
283,657
(3,298,456)
(17,642)
5,052,128 4,759,649
286,899
(2,147,135)
(22,035)
2,877,378 4,174,796
213,209
(1,690,874)
(17,550)
2,679,581
Included in interest income were interest on impaired assets of $19.5 million (2016: $17.5 million) and $15.1 million (2016: $11.4 million) for
the Group and Bank respectively.
4.
PROFIT FROM LIFE ASSURANCE
GROUP
Income
Annual
Single
Gross premiums
Reinsurances
Premium income (net)
Investment income (net)
Total income
Expenses
Gross claims, surrenders and annuities
Claims, surrenders and annuities recovered from reinsurers
Net claims, surrenders and annuities
Change in life assurance fund contract liabilities (Note 22)
Commission and agency expenses
Depreciation – property, plant and equipment (Note 35)
Other expenses (1)
Total expenses
Surplus from operations
Share of results of associates
Income tax expense
Profit from life assurance
(1)
2017
$ million 2016
$ million
6,302.3
6,001.0
12,303.3
(186.0)
12,117.3
4,116.6
16,233.9 6,142.5
3,159.1
9,301.6
(234.3)
9,067.3
2,359.3
11,426.6
(5,468.4)
129.1
(5,339.3)
(8,107.7)
(893.0)
(66.2)
(466.5)
(14,872.7) (4,917.6)
96.7
(4,820.9)
(4,657.1)
(831.9)
(53.1)
(406.4)
(10,769.4)
1,361.2
(0.5)
(484.5)
876.2 657.2
(7.4)
(150.8)
499.0
Included in other expenses were directors’ emoluments of $0.5 million (2016: $0.5 million).
Profit from life assurance is presented net of tax in the income statement as the tax liability is borne by the respective life funds.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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