3 Jul 2009 13:02
Bank Audi s.a.l. - Audi Saradar Group Stand Alone (unconsolidated) Balance Sheet as at December 31, 2008 | |||
|
| (LL million)
| |
Assets | 31/12/2008 | 31/12/2007 | |
Cash and balances with Central Banks | 2,942,579 | 2,480,832 | |
Due from banks & financial institutions | 3,380,147 | 2,834,502 | |
Due from head office, sister, related banks and financial institutions | 841,441 | 834,813 | |
Financial assets given as collateral and reverse repurchase agreements | 65,608 | 92,628 | |
Derivative financial instruments | 17,682 | 19,400 | |
Financial assets held for trading | 6,696 | 484,065 | |
Financial assets designated at fair value through profit & loss | 323,887 | 475,347 | |
Net loans & advances to customers * | 5,444,328 | 4,139,880 | |
Net loans & advances to related parties | 56,316 | 95,770 | |
Debtors by acceptances | 114,069 | 110,012 | |
Available for sale financial instruments | 2,393,852 | 3,510,764 | |
Financial assets classified as loans and receivables | 5,342,536 | 2,190,357 | |
- Credit risk ceded | 1,173,493 | 764,207 | |
- Net Exposure | 4,169,043 | 1,426,150 | |
Held to maturity financial instruments | 179,174 | 388,421 | |
Investments in associates | 1,280,039 | 1,222,279 | |
Investment properties |
|
| |
Property & equipment | 248,967 | 257,101 | |
Intangible fixed assets | 5,443 | 4,982 | |
Non current assets held for sale | 24,693 | 27,193 | |
Deferred taxes assets | 1,003 | 884 | |
Other assets | 103,673 | 92,873 | |
Goodwill |
|
| |
Total Assets | 22,772,133 | 19,262,103 | |
* After deduction of provisions amounting to LL (million) 96,970 from loans and advances to customers as per IAS 39, of which LL (million) 10,421 representing provisions on collective assessment. |
Bank Audi s.a.l. - Audi Saradar Group Stand Alone (unconsolidated) Balance Sheet as at December 31, 2008 (LL million)
| ||
Liabilities & Shareholders' Equity | 31/12/2008 | 31/12/2007 |
Due to Central Banks |
|
|
Due to banks & financial institutions | 444,871 | 445,347 |
Due to head office, sister, related banks and financial institutions | 1,188,703 | 964,948 |
Financial assets taken as collateral & repurchase agreement |
|
|
Derivative financial instruments | 11,666 | 96 |
Financial liabilities held for trading |
|
|
Financial liabilities designated at fair value through profit & loss |
|
|
Customers deposits | 18,152,955 | 15,105,733 |
Deposits from related parties | 228,851 | 194,968 |
Debt issued & other borrowed funds |
|
|
Engagements by acceptances | 114,069 | 110,012 |
Current tax liabilities | 47,990 | 39,636 |
Deferred tax liabilities |
|
|
Other liabilities | 115,307 | 96,702 |
Liabilities related to non-current assets held for sale |
|
|
Provisions for risks & charges | 37,514 | 28,547 |
End of service benefits | 20,979 | 17,895 |
Subordinated loans & similar debts |
|
|
Total Liabilities | 20,362,905 | 17,003,884 |
Shareholders' Equity - Group Share | 2,409,228 | 2,258,219 |
Capital - Common shares | 376,083 | 361,925 |
Capital - Preferred shares | 57,750 | 57,750 |
Issue premium - Common shares | 1,072,643 | 1,012,632 |
Issue premium - Preferred shares | 281,438 | 281,438 |
Cash contribution to capital | 72,586 | 72,586 |
Capital reserves | 307,990 | 245,543 |
Treasury shares | (57,633) | (1,072) |
Retained earnings | 24,386 | 18,060 |
Revaluation reserve of real estate | 18,600 | 18,600 |
Reserve on revaluation of financial Instruments | 2,898 | (18,389) |
Reserve for cash flow hedges |
|
|
Foreign currency translation reserve | (137) | 22 |
Other reserves | 1,609 |
|
Result of the year | 251,015 | 209,124 |
Minority Interest |
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|
Profit & Loss Accounts |
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|
Total Shareholders' Equity | 2,409,228 | 2,258,219 |
Total Liabilities & Shareholders' Equity | 22,772,133 | 19,262,103 |
Bank Audi s.a.l. - Audi Saradar Group Stand Alone (unconsolidated) Balance Sheet as at December 31, 2008 | ||
| (LL million) | |
OFF Balance Sheet | 31/12/2008 | 31/12/2007 |
Financing Commitments |
|
|
- Financing commitments given to banks & financial institutions | 309,246 | 263,961 |
- Financing commitments received from banks & financial institutions |
|
|
- Engagement to customers | 492,984 | 367,493 |
Bank guarantees : |
|
|
- Guarantees given to banks & financial institutions | 252,676 | 234,234 |
of which: credit derivatives |
|
|
- Guarantees received from banks & financial institutions | 124,582 | 124,268 |
of which: credit derivatives |
|
|
- Guarantees given to customers | 689,010 | 646,039 |
- Guarantees received from customers | 2,814,285 | 2,527,116 |
Financial Notes Commitments |
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|
- Financial notes commitments to be received |
|
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of which: financial instruments sold with a buy back option |
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- Financial notes commitments to be delivered |
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of which: financial instruments purchased with a buy back option |
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|
Foreign Currencies Forwards |
|
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- Foreign currencies to receive | 363,992 | 449,341 |
- Foreign currencies to deliver | 371,600 | 448,687 |
Commitments on term financial instruments | 20,110 | 446,518 |
Other commitments |
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|
Claims from legal cases |
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Fiduciary assets | 140,806 | 158,503 |
Assets under management | 4,262,719 | 3,453,538 |
Mutual funds |
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|
Structured financial products |
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Engagements unlikely to be executed |
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Bad debts fully provided for | 215,932 | 217,827 |
Bank Audi s.a.l. - Audi Saradar Group | (LL million) | |
Stand Alone (unconsolidated) Income statement | 2008 | 2007 |
Interest & similar income | 1,211,428 | 1,131,914 |
Interest & similar expenses | (802,206) | (761,669) |
Net Interest Income | 409,222 | 370,245 |
Fees & commissions income | 134,481 | 95,428 |
Fees & commissions expenses | (27,100) | (21,562) |
Net Fees & Commissions Income | 107,381 | 73,866 |
Net trading income/loss | 47,373 | 44,273 |
Net gain or loss on financial assets or liabilities designated at fair value through profit & loss | (32,084) | (8,213) |
Net gain or loss on financial investments | 50,929 | 23,006 |
Other operating Income | 23,533 | 17,687 |
Total Operating Income | 606,354 | 520,864 |
Net provisions for credit losses | (6,086) | (2,354) |
Provision on impairement of financial instruments |
| (789) |
Net Operating income | 600,268 | 517,721 |
Personnel expenses | (154,272) | (141,377) |
Depreciation of property & equipment | (18,976) | (18,187) |
Amortization of intangible assets | (2,170) | (1,964) |
Goodwill Impairement |
|
|
Other operating expenses | (117,810) | (105,397) |
Total Operating Expenses | (293,228) | (266,925) |
Operating Profits | 307,040 | 250,796 |
Share of profits of associates under equity method |
|
|
Net gain (loss) on sale or disposal of other assets | (3,109) | (16) |
Profits Before Tax | 303,931 | 250,780 |
Income tax | (52,916) | (41,656) |
Profits After Tax from Operating Activities | 251,015 | 209,124 |
Result of discontinued operations |
|
|
Net Profits | 251,015 | 209,124 |
Minority Interest |
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|
Net Profits - Group share | 251,015 | 209,124 |