Kina Securities Limited (ASX: KSL)

Kina Securities Income Statement

Financials in millions PGK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	264.13	253.34	224.6	206.94	199.69	146.48
Interest Income on Investments	0.65	0.66	0.47	0.56	0.14	0.36
Total Interest Income	264.77	254	225.07	207.5	199.82	146.84
Interest Paid on Deposits	47.31	50.02	43.39	29.62	29.96	31.9
Net Interest Income	217.46	203.98	181.68	177.87	169.86	114.94
Net Interest Income Growth (YoY)	16.13%	12.27%	2.14%	4.72%	47.78%	30.76%
Gain (Loss) on Sale of Assets	0.09	0.09	0.25	0.11	3.25	0.05
Gain (Loss) on Sale of Investments	4.74	2.73	3.61	0.82	2.51	0.15
Other Non-Interest Income	221.99	197.36	180.96	155.57	139.18	90.42
Total Non-Interest Income	226.82	200.18	184.82	156.49	144.94	90.63
Non-Interest Income Growth (YoY)	20.98%	8.31%	18.10%	7.97%	59.92%	22.89%
Revenues Before Loan Losses	444.28	404.16	366.5	334.36	314.79	205.57
Provision for Loan Losses	13.36	9.9	4.83	6.52	22.02	5.65
Revenue	430.92	394.26	361.68	327.84	292.78	199.92
Revenue Growth (YoY)	17.21%	9.01%	10.32%	11.98%	46.45%	27.68%
Salaries and Employee Benefits	94.82	83.99	83.5	71.42	72.18	59.03
Occupancy Expenses	36.71	34.28	43.18	41.72	38.42	19.48
Selling, General & Administrative	95.18	84.27	69.66	67.04	56.72	28.15
Other Non-Interest Expense	34.08	16.19	16.92	13.92	15.56	10.97
Total Non-Interest Expense	260.79	218.72	213.26	194.1	182.87	117.04
EBT Excluding Unusual Items	170.13	175.54	148.42	133.75	109.91	82.88
Other Unusual Items	-	-	-	-27.7	-	-
Pretax Income	170.13	175.54	148.42	106.02	109.91	82.69
Income Tax Expense	69.29	70.58	31.93	35.21	33.93	21.82
Net Income	100.84	104.96	116.49	70.81	75.97	60.87
Preferred Dividends & Other Adjustments	-	-	-	-0	-	-
Net Income to Common	100.84	104.96	116.49	70.81	75.97	60.87
Net Income Growth	-14.01%	-9.89%	64.51%	-6.80%	24.81%	26.57%
Basic Shares Outstanding	287	287	287	287	204	169
Diluted Shares Outstanding	290	289	289	290	205	170
Shares Change (YoY)	0.42%	0.14%	-0.57%	41.61%	20.38%	2.25%
EPS (Basic)	0.35	0.37	0.41	0.25	0.37	0.36
EPS (Diluted)	0.35	0.36	0.40	0.24	0.37	0.36
EPS Growth	-13.99%	-9.81%	65.44%	-34.19%	3.69%	23.80%
Dividend Per Share	0.265	0.256	0.264	0.268	0.269	0.255
Dividend Growth	2.71%	-3.03%	-1.31%	-0.56%	5.49%	15.38%
Effective Tax Rate	40.73%	40.21%	21.51%	33.21%	30.87%	26.39%

Source: S&P Capital IQ. Banks template. Financial Sources.