30 Jul 2008 16:56
Bank Audi SAL-
Audi Saradar Group
| Consolidated Balance Sheet | ||
|
|
| (LL millions) |
| Assets | 30/06/2008 | 31/12/ 2007 |
| Cash and balances with Central Banks | 7,584,702 | 6,888,098 |
| Cash | 175,224 | 140,036 |
| Credit risk ceded |
| 210,748 |
| Net Exposure | 7,409,478 | 6,537,314 |
| Due from banks & financial institutions | 4,858,395 | 4,899,819 |
| Due from head office, sister,related banks and financial institutions |
|
|
| Financial assets given as collateral and reverse repurchase agreements | 120,600 |
|
| Derivative financial instruments | 27,454 | 23,345 |
| Financial assets held for trading | 548,581 | 714,533 |
| Financial assets designated at fair value through profit & loss | 438,579 | 480,041 |
| Net loans & advances to customers * | 8,284,784 | 7,416,354 |
| Net loans & advances to related parties | 304,004 | 268,278 |
| Debtors by acceptances | 225,273 | 198,288 |
| Available for sale financial instruments | 4,026,843 | 3,455,626 |
| Credit risk ceded | 1,026,184 | 778,072 |
| Net exposure | 3,000,659 | 2,677,554 |
| Financial assets classified as loans and receivables | 322,345 | 408,671 |
| Held to maturity financial instruments | 349,657 | 427,180 |
| Investments in associates | 23,815 | 22,630 |
| Investment properties |
|
|
| Property & equipment | 466,189 | 455,661 |
| Intangible fixed assets | 22,639 | 13,502 |
| Non current assets held for sale | 38,855 | 40,254 |
| Deferred taxes assets | 1,647 | 14,722 |
| Other assets | 199,080 | 165,493 |
| Goodwill | 207,562 | 215,131 |
| Total Assets | 28,051,004 | 26,107,626 |
| * After deduction of provisions amounting to LL 197,232 from loans and advances to customers as per IAS 39, of wich | ||
| LL 3,620 representing provisions on collective assessment . | ||
Bank Audi SAL-
Audi Saradar Group
| Consolidated Balance Sheet | ||
|
| (LL millions) | |
| Liabilities & Shareholders' Equity | 30/06/2008 | 31/12/ 2007 |
| Due to Central Banks |
|
|
| Due to banks & financial institutions | 658,103 | 956,076 |
| Due to head office, sister, related banks and financial institutions |
|
|
| Financial assets taken as collateral & repurchase agreement |
|
|
| Derivative financial instruments |
|
|
| Financial liabilities held for trading |
|
|
| Financial liabilities designated at fair value through P&L |
|
|
| Customers deposits | 23,176,057 | 21,163,808 |
| Deposits from related parties | 276,674 | 392,097 |
| Debt issued & other borrowed funds | 153,148 | 153,148 |
| Engagements by acceptances | 225,273 | 198,288 |
| Current tax liabilities | 33,299 | 58,364 |
| Deferred tax liabilities | 787 | 7 |
| Other liabilities | 625,842 | 396,376 |
| Liabilities related to non-current assets held for sale |
|
|
| Provisions for risks & charges | 10,323 | 14,723 |
| End of service benefits | 26,154 | 25,482 |
| Subordinated loans & similar debts |
|
|
| Total Liabilities | 25,185,660 | 23,358,369 |
| Shareholders' Equity - Group Share | 2,544,632 | 2,628,100 |
| Capital - Common shares | 361,925 | 361,925 |
| Capital - Preferred shares | 57,750 | 57,750 |
| Issue premium - Common shares | 1,007,647 | 1,007,647 |
| Issue premium - Preferred shares | 267,734 | 267,734 |
| Cash contribution to capital | 72,586 | 72,586 |
| Capital reserves | 483,890 | 328,693 |
| Treasury shares | (5,739) | (1,531) |
| Retained earnings | 87,982 | 56,305 |
| Revaluation reserve of real estate | 18,600 | 18,600 |
| Reserve on revaluation of financial Instruments | 31,287 | 30,095 |
| Reserve for cash flow hedges |
|
|
| Foreign currency translation reserve | 28,786 | 27,046 |
| Other reserves | 132,184 | 111,566 |
| Result of the year |
| 289,684 |
| Minority Interest | 123,989 | 121,157 |
| Profit & Loss Accounts | 196,723 |
|
| Total Shareholders' Equity | 2,865,344 | 2,749,257 |
| Total Liabilities & Shareholders' Equity | 28,051,004 | 26,107,626 |
Bank Audi SAL-
Audi Saradar Group
| Consolidated Off Balance Sheet | ||
|
| (LL millions) | |
| OFF Balance Sheet | 30/06/2008 | 31/12/ 2007 |
| Financing Commitments |
|
|
| - Financing commitments given to banks & financial institutions | 605,328 | 468,751 |
| - Financing commitments received from banks & financial institutions | 187,651 | 172,143 |
| - Engagement to customers | 223,807 | 390,751 |
| Bank guarantees : |
|
|
| - Guarantees given to banks & financial institutions | 270,220 | 230,499 |
| of which: credit derivatives |
|
|
| - Guarantees received from banks & financial institutions |
|
|
| of which: credit derivatives |
|
|
| - Guarantees given to customers | 1,027,088 | 958,921 |
| - Guarantees received from customers | 3,756,196 | 3,537,056 |
| 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 | 1,081,772 | 1,705,167 |
| - Foreign currencies to deliver | 1,083,485 | 1,706,867 |
| Commitments on term financial instruments | 442,943 | 594,294 |
| Other commitments |
|
|
| Claims from legal cases |
|
|
| Fiduciary assets | 3,152,106 | 3,159,896 |
| Asset under management | 3,016,366 | 2,260,941 |
| Mutual funds |
|
|
| Structured financial products |
|
|
| Engagement unlikely to be executed |
|
|
| Bad debts fully provided for | 280,285 | 282,040 |
Bank Audi SAL-
Audi Saradar Group
| (LL millions) | ||
| Consolidated Income statement | Period ended 30/06/2008 | Period ended 30/06/2007 |
| Interest & similar income | 824,938 | 715,803 |
| Interest & similar expenses | (522,667) | (469,460) |
| Net Interest Income | 302,271 | 246,343 |
| Fees & commissions income | 128,174 | 88,741 |
| Fees & commissions expenses | (19,111) | (15,658) |
| Net Fees & Commissions Income | 109,063 | 73,083 |
| Net trading income/loss | 75,854 | 30,540 |
| Net gain or loss on financial assets or liabilities designated at fair value through profit & loss | 325 |
|
| Net gain or loss on financial investments | 11,197 | 14,359 |
| Other operating Income | 38,420 | 18,839 |
| Total Operating Income | 537,130 | 383,164 |
| Net provisions for credit losses | (18,570) | (1,312) |
| Provision on impairement of financial instruments | (754) | 3,262 |
| Net Operating income | 517,806 | 385,114 |
| Personnel expenses | (152,556) | (114,991) |
| Depreciation of property & equipment | (15,290) | (15,705) |
| Amortization of intangible assets | (2,122) | (1,906) |
| Impairement of goodwill |
|
|
| Other operating expenses | (110,129) | (87,696) |
| Total Operating Expenses | (280,097) | (220,298) |
| Operating Profit | 237,709 | 164,816 |
| Share of profit of associates under equity method | 481 | 600 |
| Net gain (loss) on sale or disposal of other assets |
|
|
| Profit Before Tax | 238,190 | 165,416 |
| Income tax | 41,467 | 27,754 |
| Profit After Tax from Operating Activities | 196,723 | 137,662 |
| Result of discontinued operations |
|
|
| Net Profit | 196,723 | 137,662 |
| Minority Interest | 10,215 | 2,233 |
| Net Profit - Group share | 186,508 | 135,429 |
| Basic earnings per share LL | 5,256 | 3,714 |
| Diluted earnings per share LL | 4,959 | 3,537 |