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2009 Stand Alone Financial Statements

4 Jun 2010 08:31

RNS Number : 0739N
Bank Audi SAL- Audi Saradar Group
04 June 2010
 



Bank Audi s.a.l. - Audi Saradar Group

 

Stand alone (unconsolidated)

 Audited Balance Sheet as at December 31, 2009

(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

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

Total Assets

29,822,308

22,735,397

* 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 .

 

 

 

 

 

 

 

 

 

 

 

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

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

Derivative financial instruments

1,354

11,666

Financial liabilities held for trading

Financial liabilities designated at fair value through profit & loss

Customers deposits

24,381,316

18,198,459

Deposits from related parties

280,786

228,851

Debt issued & other borrowed funds

Engagements by acceptances

136,576

114,069

Current tax liabilities

24,964

11,255

Deferred tax liabilities

18,789

Other liabilities

42,763

56,599

Liabilities related to non-current assets held for sale

Provisions for risks & charges

55,796

50,718

End of service benefits

24,854

20,979

Subordinated loans & similar debts

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

Foreign currency translation reserve

(99)

(137)

Other reserves

2,402

1,609

Result of the year

314,256

251,015

Minority Interest

Profit & Loss Accounts

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

(LBP million)

 

OFF Balance Sheet

31/12/2009

31/12/2008

 

Financing Commitments

 

- Financing commitments given to banks & financial institutions

417,414

309,246

 

- Financing commitments received from banks & financial institutions

 

- Engagement to customers

306,711

492,984

 

Bank guarantees :

 

- Guarantees given to banks & financial institutions

309,672

252,676

 

of which: credit derivatives

 

- Guarantees received from banks & financial institutions

153,836

124,582

 

of which: credit derivatives

 

- Guarantees given to customers

1,484,538

799,829

 

- Guarantees received from customers

5,309,357

4,025,036

 

Financial Notes Commitments

 

- Financial notes commitments to be received

 

of which: financial instruments sold with a buy back option

 

- Financial notes commitments to be delivered

 

of which: financial instruments purchased with a buy back option

 

Foreign Currencies Forwards

 

- Foreign currencies to receive

189,619

363,992

 

- Foreign currencies to deliver

187,941

371,600

 

Engagements on term financial instruments

34,922

20,110

 

Claims from legal cases

 

Fiduciary assets

171,595

140,806

 

Assets under management

4,334,294

4,262,719

 

Mutual funds

 

Structured financial products

 

Engagements unlikely to be executed

 

Bad debts fully provided for

187,471

215,932

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Audi s.a.l. - Audi Saradar Group

 

(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)

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

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

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

Net Profits

314,256

251,015

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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