BQAD.L Regulatory News (BQAD)

31 Oct 2006 14:38

Bank Audi SAL- Audi Saradar Group31 October 2006 Please find below the Un-audited Consolidated Balance Sheet of Bank Audi SAL -Audi Saradar Group as at September 30, 2006. Audited figures will be released once available. Consolidated Balance Sheet as at September 30, 2006 (Unaudited) (LL millions) ASSETS 30/09/2006 30/09/2005 LL C/V LL TOTAL LL C/V LL TOTAL Cash and Central Banks 2,450,620 2,881,745 5,332,365 2,507,934 2,523,201 5,031,135 - Cash 32,535 70,226 102,761 28,275 56,335 84,610 - Credit risk ceded 210,904 210,904 174,791 174,791 - Net Exposure 2,418,085 2,600,615 5,018,700 2,479,659 2,292,075 4,771,734 Lebanese Treasury bills 983,107 3,153,451 4,136,558 1,334,326 1,650,990 2,985,316and other governmentbills - Credit risk ceded 351,333 351,333 - Net Exposure 983,107 2,802,118 3,785,225 1,334,326 1,650,990 2,985,316 Bonds and financial 709,668 709,668 624,737 624,737instruments with fixedincome Shares, securities and 9,325 206,002 215,327 11,122 137,921 149,043financial assets withvariable income Banks and financial 137,422 3,842,546 3,979,968 86,012 3,241,957 3,327,969institutions- Current accounts 2,566 429,475 432,041 6,882 548,350 555,232- Time deposits 134,856 3,413,071 3,547,927 79,130 2,693,607 2,772,737- Purchase of financialinstruments with anoption to resell Due from Head office,branches and affiliates- Current accounts- Time deposits Loans and advances to 235,991 4,410,137 4,646,128 277,220 3,259,378 3,536,598customers *- Commercial loans** 101,164 3,695,799 3,796,963 153,210 2,644,777 2,797,987- Other loans to 108,957 431,732 540,689 83,427 393,570 476,997customers**- Overdraft accounts 3,707 18,879 22,586 3,276 29,279 32,555- Net debtor accounts 283 283 7,409 7,409against creditor and cashcollateral accounts- Advances to related 47,307 161,423 208,730 41,915 108,494 150,409parties (o.w.cashcollateral of LL 128.82billion as at Septemberend 2006)- Doubtful loans*** (25,144) 102,021 76,877 (4,608) 75,849 71,241 Bank acceptances 136,240 136,240 140,129 140,129 Investments and related 1 147,380 147,381 1 11,155 11,156loans Investments and related 4,144 3,782 7,926 3,602 827 4,429loans under equity method-Non financial 4,144 3,782 7,926 3,602 827 4,429institutions- Financial institutions Tangible fixed assets 286,430 120,071 406,501 294,666 80,609 375,275(including revaluationvariance approved by theCentral Bank) Intangible fixed assets 6,166 81,301 87,467 6,349 3,081 9,430 Other assets 1,354 2,698 4,052 943 1,459 2,402 Regularization accounts 41,176 71,539 112,715 35,818 83,435 119,253and other debtor accountsRevaluation variance onother fixed assets Goodwill 33,838 119,814 153,652 33,838 66,331 100,169 TOTAL ASSETS*** 4,189,574 15,886,374 20,075,948 4,591,831 11,825,210 16,417,041 *Of which 31% againstcash collateral as atSeptember 2006 **Out of which 26,776 53,258sub-standard loansamounting to : ***After deduction of 163,668 104,159provision for doubtfulloansand unrealised interest:**For sub-standard loans 5,153 12,394***For doubtful loans 67,287 59,931 Off-Balance Sheet Items Financing commitmentsreceived Signature commitments 21,860 50,941 72,801 26,210 67,402 93,612received Financial instrumentssold with a buy backoption Engagements on termfinancial instruments- Option on forex swap- Option on interest swap Other engagements 304,045 1,926,971 2,231,016 371,778 1,739,435 2,111,213received Fiduciary assets and 7,101 4,118,060 4,125,161 7,009 3,517,995 3,525,004Assets under management Custody accounts 611,150 2,596,022 3,207,172 483,523 1,832,924 2,316,447 Forward operations: 940,661 940,661 861,834 861,834-Foreign currencies to 940,661 940,661 861,834 861,834receive Bad debts transferred to 25,983 240,545 266,528 24,411 236,705 261,116off balance sheet items Consolidated Balance Sheet as at September 30, 2006 (Unaudited) (LL millions) LIABILITIES 30/09/2006 30/09/2005 LL C/V LL TOTAL LL C/V LL TOTAL Central Bank 27,702 4,622 32,324 57,952 57,952 Banks and financial 16,589 259,128 275,717 125,640 502,292 627,932 institutions - Current accounts 7,399 162,071 169,470 5,828 175,398 181,226 - Time deposits 9,190 97,057 106,247 119,812 326,894 446,706 - Sale of financial instruments with an option to rebuy Due to Head office, branches and affiliates - Current accounts - Time deposits Deposits from customers 3,220,035 13,463,059 16,683,094 3,669,232 10,148,756 13,817,988 - Sight deposits 256,321 2,472,255 2,728,576 257,462 1,444,206 1,701,668 - Time deposits 648,284 5,677,190 6,325,474 971,223 3,699,388 4,670,611 - Savings accounts 2,272,396 4,423,169 6,695,565 2,382,155 4,107,766 6,489,921 - Net creditor and cash 37,107 706,728 743,835 51,356 836,007 887,363 collateral accounts against debtor accounts - Related parties 5,927 183,717 189,644 7,036 61,389 68,425 accounts Engagements by 136,240 136,240 140,129 140,129 acceptances Liabilities under 157,232 157,232 157,232 157,232 financial instruments - Certificates of deposit 157,232 157,232 157,232 157,232 - Debenture bonds - Other liabilities under financial instruments Other liabilities 119,580 98,109 217,689 86,136 229,838 315,974 Regularization accounts 16,406 67,955 84,361 84,744 29,401 114,145 and other creditor accounts Provisions for risks and 30,454 16,596 47,050 25,236 10,294 35,530 charges Subordinated notes Shareholders' equity 695,048 1,555,452 2,250,500 506,899 531,756 1,038,655 -Revaluation variance 18,600 18,600 18,600 18,600 accepted in the supplementary capital -Share capital 404,944 111,568 516,512 292,467 111,260 403,727 - Group share 404,162 72,586 476,748 291,662 72,586 364,248 Ordinary shares 32.766.240 Preferred shares 7.650.000 - Minority share 782 38,982 39,764 805 38,674 39,479 -Reserves for general 26,896 52,779 79,675 28,919 36,061 64,980 banking risks - Group share 26,885 52,744 79,629 28,909 36,033 64,942 - Minority share 11 35 46 10 28 38 -Reserves and premiums 215,866 1,324,781 1,540,647 161,754 337,702 499,456 and equity differences - Group share 214,032 1,324,010 1,538,042 160,608 337,656 498,264 - Minority share 1,834 771 2,605 1,146 46 1,192 -Employees' stock option 9,950 9,950 plan as per IFRS 2 -Less: Treasury GDR's (875) (7,794) (8,669) (56) (237) (293) -Profit carried forward 6,264 9,927 16,191 (1,882) 3,426 1,544 - Group share 6,235 10,003 16,238 (1,890) 3,453 1,563 - Minority share 29 (76) (47) 8 (27) (19) -Net income for the year - Group share - Minority share -Cumulative changes in 23,353 54,241 77,594 7,097 43,544 50,641 fair value Revaluation variance of fixed assets Income and expense 168,088 23,653 191,741 104,502 7,002 111,504 accounts Total Liabilities & 4,293,902 15,782,046 20,075,948 4,660,341 11,756,700 16,417,041 Shareholders' Equity Off-Balance Sheet Items Financing commitments 257,408 257,408 264,900 264,900 given to: - Financial 257,408 257,408 264,900 264,900 intermediaries - Customers Bank guarantees given to: 37,469 853,700 891,169 34,903 480,749 515,652 - Financial 1,192 249,683 250,875 1,383 20,101 21,484 intermediaries - Customers 36,277 604,017 640,294 33,520 460,648 494,168 Financial instruments purchased with a buy back option Other engagements Engagements on term 29,227 29,227 61,227 61,227 financial instruments Fiduciary Deposits and 9,413 4,115,748 4,125,161 26,916 3,498,088 3,525,004 Assets under management Custody accounts 611,150 2,596,022 3,207,172 483,523 1,832,924 2,316,447 Forward operations 938,240 938,240 856,688 856,688 -Foreign currencies to 938,240 938,240 856,688 856,688 deliver Consolidated Income Statement (Unaudited) (LL millions) 30/09/2006 * 30/09/2005 Interest and similar income 914,497 713,459 Lebanese Treasury bills and other 209,076 155,346 government bills Deposits and similar accounts in banks 426,816 345,160 and financial institutions Deposits in head office, branches and affiliates Bonds and financial instruments with 46,259 32,398 fixed income Loans and advances to customers 210,675 162,921 Loans and advances to related parties 9,254 8,187 Other interest and similar income 12,417 9,447 Interest on leasing contracts Interest and similar charges 598,315 493,527 Deposits and similar accounts from 13,641 30,448 banks and financial institutions Deposits from head office, branches and affiliates Deposits from customers and other 553,601 442,594 creditor accounts Deposits from related parties 7,066 3,225 Cash contribution to capital and 3 subordinated loans Certificates of deposit 12,332 12,121 Bonds and financial instruments with 9 fixed income Other interest and similar charges 11,675 5,127 Interest on leasing contracts Net provisions and recoveries on doubtful 28,350 29,460 loans Provisions for doubtful loans 39,072 40,333 Of which: provision setup related to commercial loans(granted by leasing companies) Recoveries of provisions for doubtful (10,722) (10,873) loans Of which: provision write-back related to commercial loans(granted by leasing companies) Of which: provision write-back related to leasing contracts Provision related to leasing contracts Net interest received 287,832 190,472 Revenues from shares, securities & 8,610 6,637 financial assets with variable income Net commissions 77,113 72,165 Commissions received 102,731 83,563 Of which: commission related to leasing contracts Commissions paid (25,618) (11,398) Of which: commission related to leasing contracts Profit on financial operations 132,846 80,563 Profit on marketable securities 30,440 8,537 Profit on financial fixed assets 136 Profit on foreign exchange position 20,892 26,878 Profit on financial instruments 81,514 45,012 Loss on financial operations 26,603 17,399 Loss on marketable securities 7,256 1,960 Loss on financial fixed assets 6 Loss on foreign exchange position 7,317 11,502 Loss on financial instruments 12,024 3,937 Net income from financial operations 106,243 63,164 Other operating income 11,241 12,217 Other operating expenses 4,916 4,204 Total operating income 486,123 340,451 General and administrative expenses 223,420 190,091 Salaries wages and related charges 121,295 110,742 Employees' stock options expense as per 9,950 IFRS 2 General operating expenses 92,175 79,349 Amortization and depreciation 27,791 20,956 Provision on investments (3,240) 1,206 Provisions on contingent accounts & other (538) 4,322 risks Profit from operations before taxation 231,134 134,932 Net nonrecurring operations (4,834) (4,594) Nonrecurring income 1,771 1,654 Nonrecurring expenses (6,605) (6,248) Income tax 35,137 19,005 Our part in affiliates under equity 578 171 method Non financial institutions 578 171 Financial institutions Net profit for the period 191,741 111,504 Group share 193,763 111,103 Minority share (2,022) 401 * Including the profit and loss account of Bank Audi sae for the second & third quarter only according to International Accounting Standard (IAS) This information is provided by RNS The company news service from the London Stock Exchange