3rd Jul 2009 13:02
|
Bank Audi s.a.l. - Audi Saradar Group Stand Alone (unconsolidated) Balance Sheet as at December 31, 2008 |
|||
|
|
|
(LL million)
|
|
|
Assets |
31/12/2008 |
31/12/2007 |
|
|
Cash and balances with Central Banks |
2,942,579 |
2,480,832 |
|
|
Due from banks & financial institutions |
3,380,147 |
2,834,502 |
|
|
Due from head office, sister, related banks and financial institutions |
841,441 |
834,813 |
|
|
Financial assets given as collateral and reverse repurchase agreements |
65,608 |
92,628 |
|
|
Derivative financial instruments |
17,682 |
19,400 |
|
|
Financial assets held for trading |
6,696 |
484,065 |
|
|
Financial assets designated at fair value through profit & loss |
323,887 |
475,347 |
|
|
Net loans & advances to customers * |
5,444,328 |
4,139,880 |
|
|
Net loans & advances to related parties |
56,316 |
95,770 |
|
|
Debtors by acceptances |
114,069 |
110,012 |
|
|
Available for sale financial instruments |
2,393,852 |
3,510,764 |
|
|
Financial assets classified as loans and receivables |
5,342,536 |
2,190,357 |
|
|
- Credit risk ceded |
1,173,493 |
764,207 |
|
|
- Net Exposure |
4,169,043 |
1,426,150 |
|
|
Held to maturity financial instruments |
179,174 |
388,421 |
|
|
Investments in associates |
1,280,039 |
1,222,279 |
|
|
Investment properties |
|
|
|
|
Property & equipment |
248,967 |
257,101 |
|
|
Intangible fixed assets |
5,443 |
4,982 |
|
|
Non current assets held for sale |
24,693 |
27,193 |
|
|
Deferred taxes assets |
1,003 |
884 |
|
|
Other assets |
103,673 |
92,873 |
|
|
Goodwill |
|
|
|
|
Total Assets |
22,772,133 |
19,262,103 |
|
|
* After deduction of provisions amounting to LL (million) 96,970 from loans and advances to customers as per IAS 39, of which LL (million) 10,421 representing provisions on collective assessment. |
|||
|
Bank Audi s.a.l. - Audi Saradar Group Stand Alone (unconsolidated) Balance Sheet as at December 31, 2008 (LL million)
|
||
|
Liabilities & Shareholders' Equity |
31/12/2008 |
31/12/2007 |
|
Due to Central Banks |
|
|
|
Due to banks & financial institutions |
444,871 |
445,347 |
|
Due to head office, sister, related banks and financial institutions |
1,188,703 |
964,948 |
|
Financial assets taken as collateral & repurchase agreement |
|
|
|
Derivative financial instruments |
11,666 |
96 |
|
Financial liabilities held for trading |
|
|
|
Financial liabilities designated at fair value through profit & loss |
|
|
|
Customers deposits |
18,152,955 |
15,105,733 |
|
Deposits from related parties |
228,851 |
194,968 |
|
Debt issued & other borrowed funds |
|
|
|
Engagements by acceptances |
114,069 |
110,012 |
|
Current tax liabilities |
47,990 |
39,636 |
|
Deferred tax liabilities |
|
|
|
Other liabilities |
115,307 |
96,702 |
|
Liabilities related to non-current assets held for sale |
|
|
|
Provisions for risks & charges |
37,514 |
28,547 |
|
End of service benefits |
20,979 |
17,895 |
|
Subordinated loans & similar debts |
|
|
|
Total Liabilities |
20,362,905 |
17,003,884 |
|
Shareholders' Equity - Group Share |
2,409,228 |
2,258,219 |
|
Capital - Common shares |
376,083 |
361,925 |
|
Capital - Preferred shares |
57,750 |
57,750 |
|
Issue premium - Common shares |
1,072,643 |
1,012,632 |
|
Issue premium - Preferred shares |
281,438 |
281,438 |
|
Cash contribution to capital |
72,586 |
72,586 |
|
Capital reserves |
307,990 |
245,543 |
|
Treasury shares |
(57,633) |
(1,072) |
|
Retained earnings |
24,386 |
18,060 |
|
Revaluation reserve of real estate |
18,600 |
18,600 |
|
Reserve on revaluation of financial Instruments |
2,898 |
(18,389) |
|
Reserve for cash flow hedges |
|
|
|
Foreign currency translation reserve |
(137) |
22 |
|
Other reserves |
1,609 |
|
|
Result of the year |
251,015 |
209,124 |
|
Minority Interest |
|
|
|
Profit & Loss Accounts |
|
|
|
Total Shareholders' Equity |
2,409,228 |
2,258,219 |
|
Total Liabilities & Shareholders' Equity |
22,772,133 |
19,262,103 |
|
Bank Audi s.a.l. - Audi Saradar Group Stand Alone (unconsolidated) Balance Sheet as at December 31, 2008 |
||
|
|
(LL million) |
|
|
OFF Balance Sheet |
31/12/2008 |
31/12/2007 |
|
Financing Commitments |
|
|
|
- Financing commitments given to banks & financial institutions |
309,246 |
263,961 |
|
- Financing commitments received from banks & financial institutions |
|
|
|
- Engagement to customers |
492,984 |
367,493 |
|
Bank guarantees : |
|
|
|
- Guarantees given to banks & financial institutions |
252,676 |
234,234 |
|
of which: credit derivatives |
|
|
|
- Guarantees received from banks & financial institutions |
124,582 |
124,268 |
|
of which: credit derivatives |
|
|
|
- Guarantees given to customers |
689,010 |
646,039 |
|
- Guarantees received from customers |
2,814,285 |
2,527,116 |
|
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 |
363,992 |
449,341 |
|
- Foreign currencies to deliver |
371,600 |
448,687 |
|
Commitments on term financial instruments |
20,110 |
446,518 |
|
Other commitments |
|
|
|
Claims from legal cases |
|
|
|
Fiduciary assets |
140,806 |
158,503 |
|
Assets under management |
4,262,719 |
3,453,538 |
|
Mutual funds |
|
|
|
Structured financial products |
|
|
|
Engagements unlikely to be executed |
|
|
|
Bad debts fully provided for |
215,932 |
217,827 |
|
Bank Audi s.a.l. - Audi Saradar Group |
(LL million) |
|
|
Stand Alone (unconsolidated) Income statement |
2008 |
2007 |
|
Interest & similar income |
1,211,428 |
1,131,914 |
|
Interest & similar expenses |
(802,206) |
(761,669) |
|
Net Interest Income |
409,222 |
370,245 |
|
Fees & commissions income |
134,481 |
95,428 |
|
Fees & commissions expenses |
(27,100) |
(21,562) |
|
Net Fees & Commissions Income |
107,381 |
73,866 |
|
Net trading income/loss |
47,373 |
44,273 |
|
Net gain or loss on financial assets or liabilities designated at fair value through profit & loss |
(32,084) |
(8,213) |
|
Net gain or loss on financial investments |
50,929 |
23,006 |
|
Other operating Income |
23,533 |
17,687 |
|
Total Operating Income |
606,354 |
520,864 |
|
Net provisions for credit losses |
(6,086) |
(2,354) |
|
Provision on impairement of financial instruments |
|
(789) |
|
Net Operating income |
600,268 |
517,721 |
|
Personnel expenses |
(154,272) |
(141,377) |
|
Depreciation of property & equipment |
(18,976) |
(18,187) |
|
Amortization of intangible assets |
(2,170) |
(1,964) |
|
Goodwill Impairement |
|
|
|
Other operating expenses |
(117,810) |
(105,397) |
|
Total Operating Expenses |
(293,228) |
(266,925) |
|
Operating Profits |
307,040 |
250,796 |
|
Share of profits of associates under equity method |
|
|
|
Net gain (loss) on sale or disposal of other assets |
(3,109) |
(16) |
|
Profits Before Tax |
303,931 |
250,780 |
|
Income tax |
(52,916) |
(41,656) |
|
Profits After Tax from Operating Activities |
251,015 |
209,124 |
|
Result of discontinued operations |
|
|
|
Net Profits |
251,015 |
209,124 |
|
Minority Interest |
|
|
|
Net Profits - Group share |
251,015 |
209,124 |
Related Shares:
BQAD.L