4 Jun 2010 08:31
Bank Audi s.a.l. - Audi Saradar Group
Stand alone (unconsolidated) Audited Balance Sheet as at December 31, 2009 | ||
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| (LBP million) |
Assets | 31/12/2009 | 31/12/2008 |
Cash and balances with Central Banks | 3,982,195 | 2,942,579 |
Due from banks & financial institutions | 5,131,835 | 3,380,147 |
Due from head office, sister, related banks and financial institutions | 662,209 | 841,441 |
Financial assets given as collateral and reverse repurchase agreements | 63,272 | 65,608 |
Derivative financial instruments | 4,313 | 17,682 |
Financial assets held for trading . | 247,892 | 6,696 |
Financial assets designated at fair value through profit & loss |
| 323,887 |
Net loans & advances to customers * | 5,761,833 | 5,444,329 |
Net loans & advances to related parties | 38,913 | 56,316 |
Debtors by acceptances | 136,576 | 114,069 |
Available for sale financial instruments | 5,025,586 | 2,393,852 |
Financial assets classified as loans and receivables | 6,833,875 | 5,342,536 |
Held to maturity financial instruments | 305,751 | 179,174 |
Investments in associates | 1,315,712 | 1,280,039 |
Investment properties |
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Property & equipment | 240,353 | 242,363 |
Intangible fixed assets | 4,652 | 5,443 |
Non current assets held for sale | 14,395 | 24,693 |
Deferred taxes assets | 2,067 | 1,003 |
Other assets | 50,879 | 73,540 |
Goodwill |
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Total Assets | 29,822,308 | 22,735,397 |
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* After deduction of provisions amounting to LL (million) 141,845 from loans and advances to customers as per IAS 39, of which | ||
LL (million) 40,610 representing provisions on collective assessment . |
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Bank Audi s.a.l. - Audi Saradar Group
Stand alone (unconsolidated) Audited Balance Sheet as at December 31, 2009 | ||
|
| (LBP million) |
Liabilities | 31/12/2009 | 31/12/2008 |
Due to Central Banks | 133,359 |
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Due to banks & financial institutions | 433,728 | 444,871 |
Due to head office, sister, related banks and financial institutions | 1,722,940 | 1,188,703 |
Financial assets taken as collateral & repurchase agreement |
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Derivative financial instruments | 1,354 | 11,666 |
Financial liabilities held for trading |
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Financial liabilities designated at fair value through profit & loss |
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Customers deposits | 24,381,316 | 18,198,459 |
Deposits from related parties | 280,786 | 228,851 |
Debt issued & other borrowed funds |
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Engagements by acceptances | 136,576 | 114,069 |
Current tax liabilities | 24,964 | 11,255 |
Deferred tax liabilities | 18,789 |
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Other liabilities | 42,763 | 56,599 |
Liabilities related to non-current assets held for sale |
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Provisions for risks & charges | 55,796 | 50,718 |
End of service benefits | 24,854 | 20,979 |
Subordinated loans & similar debts |
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Total Liabilities | 27,257,225 | 20,326,170 |
Shareholders' Equity - Group Share | 2,565,083 | 2,409,227 |
Capital - Common shares | 421,632 | 376,083 |
Capital - Preferred shares | 15,313 | 57,750 |
Issue premium - Common shares | 862,611 | 1,036,637 |
Issue premium - Preferred shares | 173,125 | 281,437 |
Merger premium | 36,006 | 36,006 |
Cash contribution to capital | 72,586 | 72,586 |
Capital reserves | 565,339 | 307,990 |
Treasury shares | (59,461) | (57,633) |
Retained earnings | 17,601 | 24,386 |
Revaluation reserve of real estate | 18,600 | 18,600 |
Reserve on revaluation of financial Instruments | 125,172 | 2,898 |
Reserve for cash flow hedges |
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Foreign currency translation reserve | (99) | (137) |
Other reserves | 2,402 | 1,609 |
Result of the year | 314,256 | 251,015 |
Minority Interest |
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Profit & Loss Accounts |
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Total Shareholders' Equity | 2,565,083 | 2,409,227 |
Total Liabilities & Shareholders' Equity | 29,822,308 | 22,735,397 |
Bank Audi s.a.l. - Audi Saradar Group
Stand alone (unconsolidated) Audited Off Balance Sheet | |||
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| (LBP million) |
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OFF Balance Sheet | 31/12/2009 | 31/12/2008 |
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Financing Commitments |
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- Financing commitments given to banks & financial institutions | 417,414 | 309,246 |
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- Financing commitments received from banks & financial institutions |
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- Engagement to customers | 306,711 | 492,984 |
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Bank guarantees : |
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- Guarantees given to banks & financial institutions | 309,672 | 252,676 |
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of which: credit derivatives |
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- Guarantees received from banks & financial institutions | 153,836 | 124,582 |
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of which: credit derivatives |
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- Guarantees given to customers | 1,484,538 | 799,829 |
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- Guarantees received from customers | 5,309,357 | 4,025,036 |
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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 | 189,619 | 363,992 |
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- Foreign currencies to deliver | 187,941 | 371,600 |
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Engagements on term financial instruments | 34,922 | 20,110 |
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Claims from legal cases |
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Fiduciary assets | 171,595 | 140,806 |
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Assets under management | 4,334,294 | 4,262,719 |
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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 | 187,471 | 215,932 |
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Bank Audi s.a.l. - Audi Saradar Group
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| (LBP million) |
Stand alone (unconsolidated) Audited Income statement | 2009 | 2008 |
Interest & similar income | 1,365,061 | 1,211,428 |
Interest & similar expenses | (971,314) | (802,206) |
Net Interest Income | 393,747 | 409,222 |
Fees & commissions income | 144,232 | 134,481 |
Fees & commissions expenses | (30,236) | (27,100) |
Net Fees & Commissions Income | 113,996 | 107,381 |
Net trading income/loss | 59,994 | 47,373 |
Net gain or loss on financial assets or liabilities designated at fair value through profit & loss | 1,481 | (32,084) |
Net gain or loss on financial investments | 111,679 | 50,929 |
Other operating Income | 10,636 | 23,534 |
Total Operating Income | 691,533 | 606,355 |
Net provisions for credit losses | (35,316) | (6,086) |
Provision on impairment of financial instruments | (6,482) |
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Net Operating income | 649,735 | 600,269 |
Personnel expenses | (150,453) | (154,273) |
Depreciation of property & equipment | (18,347) | (18,975) |
Amortization of intangible assets | (1,972) | (2,170) |
Goodwill Impairment |
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Other operating expenses | (105,576) | (117,811) |
Total Operating Expenses | (276,348) | (293,229) |
Operating Profits | 373,387 | 307,040 |
Share of profits of associates under equity method | (36) | (3,109) |
Net gain (loss) on sale or disposal of other assets |
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Profits Before Tax | 373,351 | 303,931 |
Income tax | (59,095) | (52,916) |
Profits After Tax from Operating Activities | 314,256 | 251,015 |
Result of discontinued operations |
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Net Profits | 314,256 | 251,015 |