sJU5 398im5WjrIJirbeG-Credit Union AGM Booklet 2024 - Flipbook - Page 33
33 Credit Union AGM Booklet 2024
Summarised Consolidated
Financial Statements
Comprehensive Income
(KYD as at 31 July)
2024
2023
Interest income
34,834,292
26,937,890
Interest expense
(2,710,590)
(228,220)
Net interest income
32,123,702
26,709,670
(251,293)
(128,888)
31,872,409
26,580,782
Change in unrealised gain / (loss) of securities
447,606
(696,518)
Realised loss from sale of securities
(37,411)
-
Other non-interest income
1,500,530
1,504,583
Total non-interest income
1,910,725
808,065
Salaries and other personal loans
(8,132,230)
(7,562,934)
General and administrative
(1,242,218)
(1,236,390)
Other non-interest expense
(1,784,738)
(1,874,938)
Total non-interest expenses
(11,159,186)
(10,674,262)
22,623,948
16,714,585
Increase in provision for loan losses and interest receivables
Net interest income after provision for loan losses
Non-interest income
Non-interest expenses
Net income for the year
