BQAD.L Regulatory News (BQAD)

30 Jan 2006 18:11

Bank Audi SAL- Audi Saradar Group30 January 2006 Please find below the Un-audited Consolidated Balance Sheet of Bank Audi SAL -Audi Saradar Group as at December 31, 2005. Audited figures will be released once available (expected mid-February 2006). Consolidated Balance Sheet as at December 31, 2005 Un-audited (LL millions)ASSETS 2005 2004 LL C/V LL TOTAL LL C/V LL TOTALCash and Central Banks 2,443,513 2,647,316 5,090,829 3,014,924 1,553,444 4,568,368Lebanese Treasury bills and other 1,432,419 1,879,394 3,311,813 1,038,020 2,079,124 3,117,144government billsBonds and financial instruments with fixed 756,308 756,308 627,166 627,166incomeShares, securities and financial assets 728 40,150 40,878 679 25,697 26,376with variable incomeBanks and financial institutions 143,981 3,303,119 3,447,100 150,785 3,219,141 3,369,926- Current accounts 12,345 536,763 549,108 21,060 691,470 712,530- Time deposits 131,636 2,766,356 2,897,992 129,725 2,527,671 2,657,396- Purchase of financial instruments with anoption to resellDue from Head office, branches andaffiliates- Current accounts- Time depositsLoans and advances to customers* 251,350 3,484,542 3,735,892 260,531 3,005,015 3,265,546- Commercial loans** 105,885 2,965,115 3,071,000 101,340 2,316,143 2,417,483- Other loans to customers** 112,798 354,596 467,394 119,523 368,912 488,435- Overdraft accounts 2,303 15,917 18,220 1,966 107,034 109,000- Net debtor accounts against creditor and 308 308 2,572 2,572cash collateral accounts- Advances to related parties (o.w.cash 44,497 92,698 137,195 41,124 108,578 149,702collateral of LL 60.86 billion as atDecember end 2005)- Doubtful loans*** (14,133) 55,908 41,775 (3,422) 101,776 98,354Bank acceptances 131,572 131,572 159,505 159,505Investments and related loans 13,571 195,634 209,205 13,811 97,972 111,783Investments and related loans under equitymethod-Non financial institutions- Financial institutionsTangible fixed assets (including 296,116 86,459 382,575 298,233 80,301 378,534revaluation varianceapproved by the Central Bank)Intangible fixed assets 6,739 5,453 12,192 7,075 2,662 9,737Other assets 804 215 1,019 702 208 910Regularization accounts and other debtor 31,651 57,731 89,382 17,277 37,799 55,076accountsRevaluation variance on other fixed assetsGoodwill 33,838 65,492 99,330 33,838 66,765 100,603 TOTAL ASSETS*** 4,654,710 12,653,385 17,308,095 4,835,875 10,954,799 15,790,674 *Of which 39% against cash collateral as at December 2005 **Out of which sub-standard loans amounting 42,903 68,339to :*** After deduction of provision for 113,390 114,053doubtful loansand unrealised interest:**For sub-standard loans 10,875 15,307***For doubtful loans 58,738 60,677 Off-Balance Sheet ItemsFinancing commitments receivedSignature commitments received 24,630 35,484 60,114 26,491 88,508 114,999Financial instruments sold with a buy back 48,994 48,994optionEngagements on term financial instruments 9,724 9,724- Option on forex swap 9,724 9,724- Option on interest swapOther engagements received 374,204 1,618,977 1,993,181 423,492 1,768,502 2,191,994Fiduciary assets, Custody accounts and 479,953 5,723,413 6,203,366 428,818 4,629,871 5,058,689Assets under managementForward operations: 859,599 859,599 2,332,664 2,332,664-Foreign currencies to receive 859,599 859,599 2,332,664 2,332,664-Currency options market valueBad debts transferred to off balance sheet 24,865 237,176 262,041 18,284 203,470 221,754items (LL millions)LIABILITIES 2005 2004 LL C/V LL TOTAL LL C/V LL TOTALCentral Bank 27,726 27,726 57,965 57,965Banks and financial institutions 121,245 286,884 408,129 142,209 757,801 900,010- Current accounts 10,352 130,391 140,743 4,703 366,315 371,018- Time deposits 110,893 156,493 267,386 137,506 391,486 528,992- Sale of financial instruments with anoption to rebuyDue to Head office, branches andaffiliates- Current accounts- Time depositsDeposits from customers 3,777,753 11,129,689 14,907,442 3,991,365 9,272,056 13,263,421- Sight deposits 249,953 1,380,897 1,630,850 274,532 1,225,800 1,500,332- Time deposits 976,251 4,458,133 5,434,384 1,384,879 3,768,126 5,153,005- Savings accounts 2,491,792 4,230,616 6,722,408 2,265,896 3,590,391 5,856,287- Net creditor and cash collateral 51,443 977,928 1,029,371 49,599 622,604 672,203accounts against debtor accounts- Related parties accounts 8,314 82,115 90,429 16,459 65,135 81,594Engagements by acceptances 131,572 131,572 159,505 159,505Liabilities under financial instruments 153,148 153,148 153,148 153,148- Certificates of deposit 153,148 153,148 153,148 153,148- Debenture bonds- Other liabilities under financialinstrumentsOther liabilities 98,947 81,326 180,273 68,068 56,945 125,013Regularization accounts and other creditor 12,074 33,022 45,096 25,620 40,309 65,929accountsProvisions for risks and charges 20,184 3,792 23,976 18,471 5,391 23,862Subordinated notesShareholders' equity 519,244 751,099 1,270,343 487,339 446,393 933,732-Revaluation variance accepted 18,600 18,600 18,600 18,600in the supplementary capital-Share capital 304,967 109,131 414,098 293,386 73,047 366,433 - Group share 304,162 72,586 376,748 291,662 72,586 364,248 Ordinary shares 22.766.239 Preferred shares 7.650.001 - Minority share 805 36,545 37,350 1,724 461 2,185-Reserves for general banking risks 24,051 41,168 65,219 21,499 35,082 56,581 - Group share 24,040 41,140 65,180 21,490 35,059 56,549 - Minority share 11 28 39 9 23 32-Reserves and premiums and equity 160,876 512,738 673,614 149,326 323,262 472,588differences - Group share 159,747 512,718 672,465 149,423 323,241 472,664 - Minority share 1,129 20 1,149 (97) 21 (76)-Less: Treasury GDR's (519) (4,143) (4,662) (3,788) (7,699) (11,487)-Profit carried forward (932) 3,342 2,410 - Group share (956) 3,380 2,424 - Minority share 24 (38) (14)-Net income for the year - Group share - Minority share-Cumulative changes in fair value 12,201 88,863 101,064 8,316 22,701 31,017Revaluation variance of fixed assetsIncome and expense accounts 144,210 16,180 160,390 105,095 2,994 108,089Total Liabilities & Shareholders' Equity 4,721,383 12,586,712 17,308,095 4,896,132 10,894,542 15,790,674 Off-Balance Sheet ItemsFinancing commitments given to: 215,141 215,141 196,384 196,384- Financial intermediaries 215,141 215,141 184,207 184,207- Customers 12,177 12,177Bank guarantees given to: 34,270 513,774 548,044 39,755 532,889 572,644- Financial intermediaries 383 40,616 40,999 4,947 99,358 104,305- Customers 33,887 473,158 507,045 34,808 433,531 468,339Financial instruments purchasedwith a buy back optionOther engagements 185 185Engagements on term financial instruments 29,227 29,227 65,087 65,087Fiduciary Deposits, Custody accounts 490,272 5,713,094 6,203,366 507,423 4,551,266 5,058,689and Assets under managementForward operations 857,447 857,447 2,338,119 2,338,119-Foreign currencies to deliver 857,447 857,447 2,338,119 2,338,119-Currency option market value (LL millions) 31/12/2005 31/12/2004 Interest and similar income 980,762 765,093 Lebanese Treasury bills and other government bills 218,717 179,053 Deposits and similar accounts in banks and financial institutions 471,474 387,706 Deposits in head office, branches and affiliates Bonds and financial instruments with fixed income 42,175 31,468 Loans and advances to customers 223,957 153,164 Loans and advances to related parties 11,048 7,564 Other interest and similar income 13,391 6,138 Interest on leasing contracts Interest and similar charges 676,333 535,749 Deposits and similar accounts from banks and financial institutions 37,609 26,314 Deposits from head office, branches and affiliates Deposits from customers and other creditor accounts 610,820 482,898 Deposits from related parties 4,093 4,875 Cash contribution to capital and subordinated loans Certificates of deposit 16,206 16,250 Bonds and financial instruments with fixed income 2,283 Other interest and similar charges 7,605 3,129 Interest on leasing contracts Net provisions and recoveries on doubtful loans 32,069 24,023 Provisions for doubtful loans 58,985 40,112 Of which: provision setup related to commercial loans(granted by leasing companies) Recoveries of provisions for doubtful loans (26,916) (16,089) 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 272,360 205,321 Revenues from shares, securities & financial assets with variable income 6,894 6,441 Net commissions 98,457 84,131 Commissions received 116,570 126,005 Of which: commission related to leasing contracts Commissions paid (18,113) (41,874) Of which: commission related to leasing contracts Profit on financial operations 102,512 93,012 Profit on marketable securities 17,476 3,808 Profit on financial fixed assets 2,252 9,847 Profit on foreign exchange position 26,028 19,514 Profit on financial instruments 56,756 59,843 Loss on financial operations 13,634 8,018 Loss on marketable securities 2,723 797 Loss on financial fixed assets 870 655 Loss on foreign exchange position 5,891 3,680 Loss on financial instruments 4,150 2,886 Net income from financial operations 88,878 84,994 Other operating income 19,383 7,961 Other operating expenses 5,774 3,416 Total operating income 480,198 385,432 General and administrative expenses 256,558 227,016 Salaries wages and related charges 146,207 136,156 General operating expenses 110,351 90,860 Amortization and depreciation 29,117 21,545 Provision on investments (2,700) (286) Provisions on contingent accounts & other risks 708 Profit from operations before taxation 192,531 136,585Net nonrecurring operations (2,787) (6,103) Nonrecurring income 6,688 4,208 Nonrecurring expenses (9,475) (10,311)Income tax 30,234 22,393Our part in affiliates under equity method 880 Non financial institutions 880 Financial institutionsNet profit for the year 160,390 108,089 Group share 159,622 107,609 Minority share 768 480 This information is provided by RNS The company news service from the London Stock Exchange